GOOG: Google Buys Solar-Powered Drones Maker Titan Aerospace

by Karl Utermohlen | April 14, 2014 3:05 pm

GOOG: Google Buys Solar-Powered Drones Maker Titan Aerospace

Google (GOOG[1]) has agreed to terms with Titan Aerospace to acquire the startup which develops high-altitude drones.

google logo GOOG: Google Buys Solar Powered Drones Maker Titan Aerospace[2]The tech giant made the purchase[3] in a move to collect more high-resolution images of the world through aerial technology. Titan Aerospace is currently working on two dragonfly-shaped drones which will take high-resolution images of the Earth along with other atmospheric sensors.

Google’s newest venture will help the company provide high-speed internet to millions of people. The drones will also “help solve other problems, including disaster relief and environmental damage like deforestation,” a company spokesman said.

These drones run on batteries which are charged by wing-mounted solar panels, allowing them to be in flight at all times. Titan Aerospace and its 20 employees will stay in New Mexico and CEO Vern Raburn will continue to run the startup.

GOOG stock is up about 0.3% Monday afternoon.

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Endnotes:
  1. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  2. [Image]: http://investorplace.com/wp-content/uploads/2011/07/google_logo.jpg
  3. the purchase: http://online.wsj.com/news/articles/SB10001424052702304117904579501701702936522
  4. Amazon to Team Up With USPS for Sunday Deliveries: http://investorplace.com/2014/04/amazon-sunday-deliveries-usps/#.U0wxWKiwXRE
  5. Facebook Might Build 11,000 Drones … But Why?: http://slant.investorplace.com/2014/03/facebook-drones-fb-stock/

Source URL: http://investorplace.com/2014/04/goog-google-dronesr-titan-aerospace/
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