Raven Acquires IP and Patents from Loon
30 Setembro 2021 - 4:32PM
Dow Jones News
By Michael Dabaie
Raven Industries Inc. said Raven Aerostar acquired intellectual
property and patents from Loon LLC, formerly known as Project Loon,
a subsidiary of Alphabet Inc.
Alphabet in January said it was winding down Loon. The 176
assets Raven acquired are directly related to stratospheric balloon
technology, including balloon navigation, launching operations and
balloon manufacturing. Raven said it completed the acquisition of
the assets in early May.
"For the past nine years, Raven partnered with Loon on the
development of this unique technology. Loon launched and navigated
thousands of balloon platforms to help serve its mission. In
parallel, we leveraged the Loon partnership and our 60 year history
of balloon expertise to design and build our Thunderhead
stratospheric platform," said Jim Nelson, division manager of Raven
Aerostar.
Raven Industries said earlier this week it monitored major
active wildfires via stratospheric balloon over the past several
months. Raven Aerostar piloted a Thunderhead Balloon program during
June, July and August to monitor active wildfires across the
U.S.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 30, 2021 15:17 ET (19:17 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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