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Air Force

Drone Maker Volansi in Assignment for Benefit of Creditors Status

Frank Wolfe

Monday, September 12th, 2022

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Drone Maker Volansi in Assignment for Benefit of Creditors Status

The Voly 50 drone (Volansi Photo)

Volansi, a Silicon Valley-based drone maker backed by $75 million in venture capital funding, is in assignment for benefit of creditors (ABC) status. The company filed for ABC status with the California Secretary of State's office on Aug. 1. The filing lists Michael Maidy as the company's agent. Maidy is the president of California-based Sherwood Partners, Inc. and would presumably try to market Volansi's intellectual property (IP) and patents to other aerospace companies. Sherwood's website lists Maidy as an accountant…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

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Army

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