EagleNXT announces $10M strategic investment in ThirdEye Systems

EagleNXT (UAVS) announced a $10M strategic investment in ThirdEye Systems, an Israeli developer of advanced counter-drone systems, and the establishment of a joint venture with ThirdEye Systems called ThirdEye. The new U.S.-based entity will provide a line of counter-drone products and systems to the U.S. and Canadian markets, and will operate out of EagleNXT’s headquarters in Allen, Texas. EagleNXT will own 51% of ThirdEye USA and ThirdEye Systems will own the remaining 49%. Under the terms of the joint venture agreement, EagleNXT is entitled to appoint three of the five managers of ThirdEye USA. ThirdEye Systems specializes in electro-optical recognition and AI-powered counter-drone systems and has a proven track record of successful field deployments of its optical detection and identification systems for use in fixed installations, armored and unarmored tactical vehicles, and drone-mounted solutions. Its product portfolio includes the Argus Shield, Meduza X, Chimera UL, vEYE, fEYE, and Tesseract.