logo
EDGE Group's POWERTECH secures first P145i engine order for ADASI UAVs

EDGE Group's POWERTECH secures first P145i engine order for ADASI UAVs

Al Etihad20-03-2025

20 Mar 2025 14:48
ABU DHABI (WAM) EDGE Group entity POWERTECH has secured its first order for the P145i combustion engine from ADASI, marking a significant milestone in its strategy to become a globally competitive original equipment manufacturer (OEM) of high-performance propulsion systems for defence and civil aerospace applications.Under the agreement, POWERTECH will supply ADASI with its advanced six-cylinder fuel-injection engine, designed to enhance the efficiency and performance of unmanned aerial vehicles (UAVs) and light aircraft.Engineered for superior reliability, fuel efficiency, and seamless integration with advanced aerial platforms, the P145i performs across diverse environmental conditions. Meanwhile, its lightweight design ensures greater operational flexibility, making it ideal for autonomous aerial platforms.Senior Vice President of Industrial Strategy & Partnerships – Platforms & Systems at EDGE, Julien Fabreguette, said that this landmark order is a defining moment for POWERTECH and a testament to the strength of cross-complementary synergies within EDGE Group. "The P145i embodies our engineering excellence, offering a powerful and fuel-efficient solution for UAVs and advanced aerial platforms."CEO of ADASI, Juma Al Kaabi, stated, "As a regional leader in autonomous systems, ADASI is committed to equipping its platforms with the most advanced technologies to meet the evolving demands of modern defence operations. Integrating POWERTECH's P145i engine into our platforms aligns with our mission to deliver superior UAV capabilities, ensuring enhanced performance, efficiency, and operational reliability."
This agreement marks a pivotal step in POWERTECH's long-term vision to establish its position as a global leader in reliable, purpose-built propulsion systems and solutions designed to address the growing demand for advanced aero engines and support the accelerated advancement across the UAV and aerospace propulsion sectors.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EDGE, Leonardo to set up JV in Abu Dhabi
EDGE, Leonardo to set up JV in Abu Dhabi

Zawya

time13-06-2025

  • Zawya

EDGE, Leonardo to set up JV in Abu Dhabi

DGE, one of the world's leading advanced technology and defence groups, and Leonardo have confirmed their mutual intent to establish a joint venture (JV) in Abu Dhabi. The JV will create a cutting-edge technology hub in the UAE, strategically positioned to serve global markets through a unified and synergistic approach, said a statement. The MoU was signed by Faisal Al Bannai, Chairman of EDGE Group, and Roberto Cingolani, CEO and General Manager of Leonardo during a recent visit to Abu Dhabi. This agreement marks the latest step in strengthening the collaboration between EDGE and Leonardo. The new JV will represent a landmark in global defence collaboration, covering multiple domains and integrating some of the most advanced and sophisticated technologies, including Naval C2 systems and combat system ballistic missile defence; counter-unmanned aerial systems (C-UAS); airborne capabilities for maritime multi-mission aircraft (MMA); optronics; air defence; and high-performance computing (HPC) electronics for missile applications.

EDGE, FAB sign strategic agreement to build resilient financial ecosystem
EDGE, FAB sign strategic agreement to build resilient financial ecosystem

Zawya

time11-06-2025

  • Zawya

EDGE, FAB sign strategic agreement to build resilient financial ecosystem

ABU DHABI - EDGE Group, one of the world's leading advanced technology and defence groups, has entered a strategic partnership with First Abu Dhabi Bank (FAB). The agreement covers two major financial initiatives: the implementation of FAB's advanced Supply Chain Finance (SCF) solution and the deployment of its AI-powered Treasury Management System (TMS). Hamad Al Marar, Managing Director and CEO of EDGE, said, 'Our partnership with FAB is a strategic enabler of EDGE's global industrial ambitions. It reinforces the financial architecture required to operate at scale, with speed and resilience. In an increasingly competitive and complex environment, this alignment ensures we remain agile, well-capitalised, and positioned for sustained international growth.' Martin Tricaud, Group Head of Wholesale Banking at FAB, said, 'FAB's partnership with EDGE marks a step forward in building a more resilient supplier ecosystem. We recognise that effective cashflow and supply chain finance are fundamental to sustainable business models. By combining our global expertise with innovative financial solutions, we are enhancing financial agility and enabling long-term value creation.' Through FAB's digital SCF solution, EDGE provides local and international suppliers access to early, low-cost financing, which enhances supplier trust, improves commercial terms, and ensures continuity across critical operations. EDGE's deployment of FAB's AI-powered TMS represents the largest to date. The solution delivers real-time cash visibility, advanced forecasting capabilities, and integrated risk management tools, enabling EDGE to automate treasury operations and optimise liquidity across the Group. The platform provides protection for interest rate risk and FX risk, while improving financial agility, investment planning, and funding. Rodrigo Torres, Group Chief Financial Officer of EDGE, said, 'This partnership reflects EDGE's commitment to embedding financial sophistication and innovation at the core of our operations. By integrating FAB's advanced SCF and AI-powered TMS platforms, we are optimising liquidity and supplier performance while also reinforcing our ability to manage risk and scale with confidence." He added that to date, over AED1.6 billion in invoices have been processed, unlocking more than AED1.2 billion in off-balance sheet financing. These solutions enable real-time cash control, intelligent forecasting, and stronger financial governance across the Group – all of which are critical to supporting the long-term growth strategy and industrial objectives.

EDGE and FAB sign strategic agreement to build a resilient financial ecosystem
EDGE and FAB sign strategic agreement to build a resilient financial ecosystem

Zawya

time11-06-2025

  • Zawya

EDGE and FAB sign strategic agreement to build a resilient financial ecosystem

Abu Dhabi, UAE: EDGE Group, one of the world's leading advanced technology and defence groups, has entered a strategic partnership with First Abu Dhabi Bank (FAB), the UAE's global bank. The agreement covers two major financial initiatives: the implementation of FAB's advanced Supply Chain Finance (SCF) solution and the deployment of its AI-powered Treasury Management System (TMS). Hamad Al Marar, Managing Director and CEO of EDGE said: 'Our partnership with FAB is a strategic enabler of EDGE's global industrial ambitions. It reinforces the financial architecture required to operate at scale, with speed and resilience. In an increasingly competitive and complex environment, this alignment ensures we remain agile, well-capitalised, and positioned for sustained international growth.' Martin Tricaud, Group Head of Wholesale Banking at First Abu Dhabi Bank (FAB), said: 'FAB's partnership with EDGE marks a step forward in building a more resilient supplier ecosystem. We recognise that effective cashflow and supply chain finance are fundamental to sustainable business models. By combining our global expertise with innovative financial solutions, we are enhancing financial agility and enabling long-term value creation.' Through FAB's digital SCF solution, EDGE provides local and international suppliers access to early, low-cost financing, which enhances supplier trust, improves commercial terms, and ensures continuity across critical operations. EDGE's deployment of FAB's AI-powered TMS represents the largest to date. The solution delivers real-time cash visibility, advanced forecasting capabilities, and integrated risk management tools, enabling EDGE to automate treasury operations and optimise liquidity across the Group. The platform provides protection for interest rate risk and FX risk, while improving financial agility, investment planning, and funding. Rodrigo Torres, Group Chief Financial Officer of EDGE, said: 'This partnership reflects EDGE's commitment to embedding financial sophistication and innovation at the core of our operations. By integrating FAB's advanced SCF and AI-powered TMS platforms, we are optimising liquidity and supplier performance while also reinforcing our ability to manage risk and scale with confidence. To date, over AED 1.6 billion in invoices have been processed, unlocking more than AED 1.2 billion in off-balance sheet financing. These solutions enable real-time cash control, intelligent forecasting, and stronger financial governance across the Group all of which are critical to supporting our long-term growth strategy and industrial objectives.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store