Google to buy drone-maker Titan Aerospace

Tue Apr 15, 2014 1:26am IST

The Google logo is spelled out in heliostats (mirrors that track the sun and reflect the sunlight onto a central receiving point) during a tour of the Ivanpah Solar Electric Generating System in the Mojave Desert near the California-Nevada border February 13, 2014. REUTERS/Steve Marcus/Files

The Google logo is spelled out in heliostats (mirrors that track the sun and reflect the sunlight onto a central receiving point) during a tour of the Ivanpah Solar Electric Generating System in the Mojave Desert near the California-Nevada border February 13, 2014.

Credit: Reuters/Steve Marcus/Files

Stocks

   

(Reuters) - Google Inc has acquired solar-powered drone maker Titan Aerospace as the Web search giant ramps up plans to deliver wireless Internet access to remote parts of the world.

Titan Chief Executive Vern Raburn declined to provide information on the price of the deal, which he said closed on Monday morning.

The 20-person company will remain in New Mexico for the foreseeable future, Raburn said, with all employees joining Google.

The deal could further Google's efforts to deliver Internet access to remote regions of the world. Last year Google launched a small network of balloons designed to deliver Internet access over the Southern Hemisphere, dubbed as Project Loon.

"Atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation," Google said in an emailed statement confirming the Titan acquisition.

Google's acquisition of Titan comes several weeks after rival Facebook Inc announced plans to build solar-powered drones and satellites capable of beaming Internet access to underdeveloped parts of the world. A few weeks before Facebook's announcement, press reports said that Facebook was in discussions to acquire Titan.

Titan is developing a variety of solar-powered "atmospheric satellites," according to the company's website, with initial commercial operations slated for 2015. The drones, which fly at an altitude of 65,000 feet and can remain aloft for up to five years and have a 165-foot (50-metre) wingspan, slightly shorter than that of a Boeing 777.

News of the acquisition was first reported on Monday by the Wall Street Journal.

(Reporting By Lehar Maan in Bangalore; Editing by Savio D'Souza and Andrew Hay)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-China Ties

REUTERS SHOWCASE

India-US Diplomacy

India-US Diplomacy

Obama to nominate Indian-American Richard Verma as India ambassador - congressional source.  Full Article 

GMR in Nepal

GMR in Nepal

Nepal clears India’s GMR plan for $1.4 bln hydroelectric plant.  Full Article 

LIC on Markets

LIC on Markets

LIC chairman bullish on Indian markets  Full Article 

India Rains

India Rains

Monsoon rains weaken as late retreat looms.  Full Article 

Infosys-Huawei

Infosys-Huawei

Infosys partners with China's Huawei for cloud-based services  Full Article 

Gold Outlook

Gold Outlook

Gold imports seen up, premiums likely to double on festive buying  Full Article 

Trade Dispute

Trade Dispute

U.S. to press India on trade row during Modi's Washington visit  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage