TIA Agreement Signed

21 Sep 2010

On the 16th September 2010, the shareholders of ADEPT signed a funding agreement with the DST’s Technology Innovation Agency which will provide for the expansion of its flight testing programme and entrance into the market through new aircraft applications. The funding will also be used for the ongoing SA CAA and EASA certification processes. ADEPT is currently engaging with additional funding institutions for investment into the expansion of its production facility and optimisation of its supply chain.