NEW DELHI: Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohamed bin Zayed Al Nahyan Tuesday launched EDGE– a company aimed to reposition the UAE as a notable global player in advanced technology.
The newly-set up company, according to a press statement would leverage advanced technologies, and evolve national security solutions.
“The company will invest extensively across R&D, working closely with front-line operators to design and deploy practical solutions that address real-world challenges,” Faisal Al Bannai, CEO and Managing Director, EDGE said.
With the digital era creating unprecedented challenges and opportunities, the firm is positioned to disrupt capabilities across a range of industries.
“The solution to address hybrid warfare lies at the convergence of innovations from the commercial world and the military industry,” Al Bannai said.
The Abu Dhabi-based company is consolidating more than 25 entities, including subsidiaries from the Emirates Defence Industries Company (EDIC), Emirates Advanced Investments Group (EAIG), Tawazun Holding, and other independent organisations for technology disruption.
Established with a core mandate to disrupt an antiquated military industry generally stifled by red tape, the top executive said that EDGE is set to bring products to market faster and at more cost-effective price points.
Al Bannai has been appointed to lead EDGE, based on his start-up background and proven track record in leveraging emerging technologies to expand business opportunities at home and abroad.
In contributing to innovation and advanced technology growth, the new firm would develop deeper partnerships with world-leading industry original equipment makers and defence contractors, the small-and-medium sector and academia alike.
The company said that bringing innovation to the fore, it would attract industry experts and talent from around the globe, to help on a wide spectrum of modern product development, ranging from ideation to building cross-domain capabilities over its five core business clusters– Platforms & Systems, Missiles & Weapons, Cyber Defence, Electronic Warfare & Intelligence, and Mission Support.