NOHMI BOSAI rebounds for first time in five sessions on subsidiary's collaboration with Canada's LZC on ultra-small stratospheric observation platform
NOHMI BOSAI LTD. <6744> rebounded for the first time in five sessions. After market close on Sep 30, NOHMI BOSAI unit Meisei Electric announced it reached an agreement with Canada's Landing Zones Canada (LZC) to collaborate on an ultra-small stratospheric observation platform, drawing positive market reaction.
The two companies signed an International Project Consortium Agreement on Sep 30. Under the agreement, both parties will jointly plan stratospheric flight campaigns in Canada, combining Meisei Electric's ultra-small balloon platform with LZC's recoverable high-altitude RPAS (Remotely Piloted Aircraft System) to apply the technology to meteorology, disaster response, and security. Preparations and initial testing are set to begin this autumn in Alberta and the Canadian Arctic, followed by full-scale flight campaigns over the subsequent three years. Through the initiative, both companies aim to push the boundaries of unmanned aerial vehicle technology and deepen scientific and operational understanding of the stratosphere.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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