-
Mbappe season on ice ahead of silverware sprint, World Cup
-
New Zealand produce late flurry to reach 168-7 against Sri Lanka
-
France appoints new Louvre chief after jewellery heist
-
No Ahmedabad advantage for South Africa against West Indies: Maharaj
-
Scotland fans skirt World Cup rules for kilt bags
-
18 Egyptians missing after deadly boat capsize near Greece
-
Stock markets strike record highs as AI concerns ease
-
Hong Kong finance chief tips up to 3.5% growth this year
-
Arctic underdogs Bodo/Glimt topple Champions League giants in 'fairytale'
-
Bill Gates admits affairs but denies involvement in Epstein crimes
-
Hope fades in search for missing after deadly Brazil rains
-
Germany's Merz meets Xi, announces Chinese Airbus order
-
Hakimi, set to face trial for rape, in PSG Champions League matchday squad
-
Man Utd financial results show profit increase after job cuts
-
Guinness maker Diageo cuts outlook on weak US, China demand
-
Swiss-EU deals package to be signed next week
-
Ice melt threatens emperor penguins during annual moult: researchers
-
Pope lines up trips to Central Africa, Algeria, Spain, Monaco
-
Stock markets hit record highs on easing AI concerns
-
Samson in India's mix for high-stakes clash against Zimbabwe
-
Turkey's Erdogan dismisses secular critics of Ramadan school plan
-
Ferguson inspiring Hearts' bid for Scottish title history
-
Snoop Dogg's Swansea party showcases Championship glow-up
-
France appoints new president at Louvre after jewellery heist
-
Germany's Merz meets Xi in China, seeking closer ties
-
Aston Martin slashes staff as US tariffs hit carmakers
-
Chief executive of 2030 Olympic Games becomes latest director to quit
-
Rubio meets Caribbean leaders as US raises pressure on Cuba
-
Head of France's Versailles Palace to take over Louvre: source to AFP
-
England's Brook gains redemption after 'hardest winter of my life'
-
Iran dismisses missile, nuclear claims after Trump alleges 'sinister ambitions'
-
Inside the Mexican resort that was the final hideout of 'El Mencho'
-
Somaliland pins hopes on critical mineral gold rush
-
Bejart Ballet's iconic Bolero ignites Istanbul
-
Sri Lanka arrests ex-spy chief over 2019 Easter bombings
-
South Korea birth rate jumps but still under key fertility threshold
-
Democrats bet on centrism in rebuttal to Trump speech
-
Australian police arrest two over alleged kidnapping, murder of grandfather
-
Redknapp's Gold Cup dream sparked by late grandmother
-
Trump tries to reset presidency in State of the Union speech
-
Harden hails 'special' Cavs after emphatic win over Knicks
-
Division, theater and one golden moment as Trump addresses Congress
-
Humble Japan ready to win hearts at Women's Asian Cup
-
New Zealand mayor swims to allay sewage contamination fears
-
Trump vows 'turnaround for the ages' in State of the Union
-
Marquez targets eighth MotoGP title as season opens in Thailand
-
Months after floods, Indonesian survivors frustrated by slow response
-
Tech firms lead Asian markets rally as Seoul, Tokyo hit records
-
Nepali migrant workers influence polls, but can't vote
-
Canadians are choosing when to die, often with a smile
Unusual Machines Closes Acquisition of Rotor Lab
ORLANDO, FL / ACCESS Newswire / September 4, 2025 / Unusual Machines, Inc. (NYSE American:UMAC), a leading provider of NDAA-compliant drone components, today announced that on September 3, 2025, it completed its acquisition of Rotor Lab Pty Ltd, an Australian developer of electric motors and propulsion systems for unmanned aerial systems (UAS). The all-stock transaction, originally announced on June 13, 2025, is valued at $7.0 million, including a $3.0 million earnout.
Rotor Lab expands Unusual Machines' portfolio with high-performance motors used in both commercial and defense applications. The two companies have already co-developed a family of motors - including the 2207, 2807, and 3220 sizes - that will be among the first produced at Unusual Machines' new motor facility in Orlando, Florida, scheduled to open in September 2025. Rotor Lab's Canberra site will continue to operate as an engineering hub for motor design and prototyping, complementing U.S. manufacturing operations.
"This acquisition adds valuable engineering expertise, proven prototyping processes, and a second production location for Unusual Machines," said Allan Evans, Chief Executive Officer of Unusual Machines. "By integrating Rotor Lab's capabilities with ours, we are accelerating execution and can deliver better motors to our customers faster."
Andrew Simpson, formerly Chief Executive Officer of Rotor Lab, will serve as Vice President of Motor Production at Unusual Machines and continue to lead Rotor Lab's operations.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements include: our expectation that we will commence operations in our new Orlando manufacturing facility in September 2025 and that we will be successful in integrating Rotor Lab into our company. The results expected by some or all of these forward-looking statements may not occur. Factors that affect our ability to achieve these results include the continued the availability of a satisfactory labor pool, potential supply chain issues, the impact from tariffs including inflation, and the Risk Factors contained in our Form 10-Q, filed with the SEC on May 8, 2025, Prospectus Supplement filed with the Securities and Exchange Commission (the "SEC") on September 2, 2025 and in our Form 10-K for the year ended December 31, 2024. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Any forward-looking statement made by us herein speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
About Unusual Machines
Unusual Machines manufactures and sells drone components and drones across a diversified brand portfolio, which includes Fat Shark, the leader in FPV (first-person view) ultra-low latency video goggles for drone pilots. The Company also retails small, acrobatic FPV drones and equipment directly to consumers through the curated Rotor Riot ecommerce store. With a changing regulatory environment, Unusual Machines seeks to be a dominant Tier-1 parts supplier to the fast-growing multi-billion-dollar U.S. drone industry. According to Fact.MR, the global drone accessories market is currently valued at $17.5 billion and is set to top $115 billion by 2032. For more information, please visit www.unusualmachines.com.
Investor Contact:
CS Investor Relations
[email protected]
Media Contact:
SOURCE: Unusual Machines, Inc.
View the original press release on ACCESS Newswire
X.Karnes--AMWN