Google Buys drone maker Titan Aerospace, the one Facebook was eyeing for months

Google Inc., has acquired solar-orbital drone marker Titan Aerospace, the one Facebook had been eyeing for months to compliment Project Loon which aims on delivering wireless internet to remote parts of the world. Facebook on the contrary settled for a 20$ million deal to purchase a U.K-based marker of solar-powered unmanned aerial vehicles company named Ascenta.

Moriarty, New-Mexico based 20 people startup; Titan Aerospace will be joining Google

Moriarty, New-Mexico based 20 people startup; Titan Aerospace will be joining Google

Moriarty, New-Mexico based 20 people startup; Titan Aerospace will be joining Google; however monetary terms of the deal haven’t surfaced yet.

Several hints that the company will be working with Makani, which is again an early stage project aims to build airborne turbines in order to generate energy have been going on.

Titan Aerospace builds cheaper and adaptable drones ‘Solara aircraft’ which are atmospheric satellites carrying operations of an orbital satellite. What is peculiar is that these drones are solar-powered and can charge themselves up during day time in order to function at night. Titan Aerospace are capable of staying at an altitude of 20Km above sea level, without the need to re-land for five years. On the other hand, the current Google Project Loons balloons are capable of staying in the air for no more than 15 days.

The drones can also be used for weather monitoring, disaster recovery as well as earth imaging and communications which can be an added advantage for Google businesses such as Google Maps, as well as other data services. Titan drones are capable of delivering internet speeds of up to 1 gigabit per second and are expected to make its first commercial operations debut in 2015.

The deal is expected to help Google deliver faster and wireless Internet in remote regions of the world, such as the southern hemisphere where Project Loon – a small network of balloons designed with the same aim had been tested several times.

Investing in drones isn’t new for industry giants. Last year in December, Amazon.com Inc. collaborated with Octocopters to deliver goods within a 10-mile radius from its warehouse, with the aim of using them in commercial operations in next four to five years.

Avatar
Carrie Ann
Carrie Ann is Editor-in-Chief at Industry Leaders Magazine, based in Las Vegas. Carrie covers technology, trends, marketing, brands, productivity, and leadership. When she isn’t writing she prefers reading. She loves reading books and articles on business, economics, corporate law, luxury products, artificial intelligence, and latest technology. She’s keen on political discussions and shares an undying passion for gadgets. Follow Carrie Ann on Twitter, Facebook

Recent Posts

Weak US job report results in volatile market

Weak US job report results in volatile market

A weak job report resulted in a record close on Friday for the US stocks. The US labor department’s monthly non-farm payrolls report revealed employers hired 266,000 new workers
3 hours ago
Star and Blackstone launch bids to buyout Australia’s Crown Resorts

Star and Blackstone launch bids to buyout Australia’s Crown Resorts

A bidding war has broken out between Australian casino company Star Entertainment Group and US private equity investor Blackstone Group over Crown Resorts, Australia’s bigges
3 hours ago
5 Most Expensive Divorce Settlements in History

5 Most Expensive Divorce Settlements in History

Almost half of the marriages end in divorce is an oft-quoted adage, but surprisingly, this is not true in today’s world. The reasons are varied, gender equality, the higher p
1 day ago
JPMorgan Chase appoints two new CIOS in bid to make its C-suite more diverse

JPMorgan Chase appoints two new CIOS in bid to make its C-suite more diverse

JPMorgan Chase, the largest U.S. bank by assets, has appointed two new executives to head its information units in a bid to make its workforce more inclusive and increase racial an
1 day ago
US solar energy sector sees 7% drop in jobs

US solar energy sector sees 7% drop in jobs

The U.S. solar industry witnessed a 7% cut in jobs due to the coronavirus and increasing use of labor-saving tech in the industry, according to an industry report. Job decline is n
1 day ago
Blackstone puts in an offer of $1.68 billion for St Modwen

Blackstone puts in an offer of $1.68 billion for St Modwen

Blackstone, the private equity firm, is planning to acquire St Modwen Properties, a logistics and housing developer, for £1.2bn ($1.68 billion) in a bid to take advantage of the P
3 days ago