Lockheed Martin Ventures and Energy Innovation Capital Make Significant Strategic Investment in Ocean Aero

Companies see bright future in unmanned maritime systems

San Diego, California—August 29, 2018— Ocean Aero, Inc.—builder of environmentally-powered, autonomous, unmanned, underwater and surface vehicles (AUUSV)—announced today that it has secured multi-million-dollar strategic investments from both Lockheed Martin Ventures and Energy Innovation Capital (EIC) in a Series B funding round. This is Lockheed Martin Ventures’ second investment in Ocean Aero and the initial investment for EIC in the unmanned maritime systems market.

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Ocean Aero Submaran™ Persists Through Rugged Endurance Test

Eleven-Day Excursion Along Famed California Coast Encounters Variety of Ocean Conditions

San Diego, California—March 5, 2018—The Ocean Aero Submaran™ (the first hybrid wind and solar-powered surface and subsurface vessel designed for extended ocean observation and data collection) recently completed a rigorous, 11-day endurance test along the coast of California. The Submaran, which is built for persistence, speed, and environmental efficiency, autonomously navigated its way from the renowned Monterery Bay to west of the Channel Islands near Long Beach.

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The future for defense drones may be under the oceans

Washington Post LogoThe next frontier for unmanned military drones may not be solely in the skies. It could be undersea.

The U.S. Navy and defense contractors such as Boeing, Lockheed Martin and others are increasingly focusing on ocean drones as the next big market for unmanned technology.

Lockheed Martin Ventures in September month invested an undisclosed amount in San Diego-based Ocean Aero, a 25-employee startup that is developing the Submaran — a solar and wind powered ocean drone capable of operating above and below the surface.

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Lockheed joins Boeing and General Dynamics in betting on ocean drones

LA Times logoLockheed Martin’s interest in a San Diego start-up shows how big aerospace companies are pushing the drone revolution out to sea.

Lockheed Martin Ventures last month invested an undisclosed amount in San Diego-based Ocean Aero — a 25-employee start-up that is developing the Submaran, a solar- and wind-powered ocean drone capable of operating above and below the surface.

“The ability to be environmentally powered allows us to maneuver at great persistence because it’s renewable,” said Eric Patten, chief executive of Ocean Aero and a former Navy officer. “And then to be able to transition that vehicle from the surface to a sub-surface vehicle that has significant capability under water, that is truly unique.”

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The next frontier for defense drones may be the world's oceans

Union Tribue San Diego LogoThe next frontier for unmanned military drones may not be solely in the skies. It could be under the seas.

The U.S. Navy and defense contractors such as Boeing, Lockheed Martin and others are increasingly focusing on ocean drones as the next big market for unmanned technology.

Lockheed Martin Ventures last month invested an undisclosed amount in San Diego-based Ocean Aero – a 25 employee start-up that is developing the Submaran – a solar and wind powered ocean drone capable of operating above and below the surface.

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Robot submarines could soon be used to spy on America’s enemies

Washington Post LogoMore than a decade after airborne drones took flight over battlefields, the world’s biggest defense manufacturers are eyeing a new market below the ocean’s surface.

The Navy recently opened up a competition for unmanned submarines that can navigate autonomously. Chicago-based Boeing has taken an early lead in the fledgling market: The company has developed a 51-foot-long vessel called the Echo Voyager to compete for the contract, and last year it bought a company called Liquid Robotics that focuses on smaller unmanned subs.

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Ocean Aero Selected as a Winner of CONNECT’s 28th Annual Most Innovative New Product Awards SUBMARAN Wins Aerospace, Security, & Cyber Technologies Category

SAN DIEGO (December 2, 2015) – Today, Ocean Aero announced that thesSubmaran™, has been selected as a winner in the Aerospace, Security, & Cyber Technologies Category at CONNECT’s 28th Annual Most Innovative New Product Awards.

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Teledyne Increases Ownership Stake in Ocean Aero

THOUSAND OAKS, Calif. – July 2, 2015 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that it has invested additional capital and increased its ownership interest in Ocean Aero, Inc. to approximately 37 percent. Based in San Diego, California, Ocean Aero is designing unmanned surface vehicles that will also have the ability to descend subsea. Terms of the transaction were not disclosed.

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Ocean Aero Signs Multi-Million Dollar Deal with Department of Defense

San Diego, CA – Ocean Aero (www.oceanaero.us) announced today that it signed a multi-million dollar two-year contract with the Department of Defense under the Rapid Innovation Fund (DoD RIF) program. Ocean Aero was selected to create a prototype Long Range Unmanned Underwater and Surface Vessel, similar to their current Submaran model. This contract is the result of a year of developing this exclusive concept, drafting and writing the proposal, as well as negotiating the contract with the DoD.

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