US AI drone-tech company PrecisionHawk and European geo-tech company Field merge

United States AI drone technology company PrecisionHawk and European geospatial technology company Field have merged, bringing world-leading geospatial data analysis solutions to the US infrastructure and energy sectors and beyond.

PrecisionHawk is an artificial intelligence and drone technology company for infrastructure
management with a client list of Fortune 500 companies. Field is a European leader in digital reality
services working with premium clients across the infrastructure, construction, environment, and public
sectors.

The partnership complements the two companies’ international growth strategy and aspiration to
shape the future of infrastructure management.

“We’re on a mission to build and maintain a better tomorrow with smarter and more sustainable
insights from geospatial data. We’re excited to be merging our companies, products and technology to
deliver world-class infrastructure management solutions to customers across the US, Europe and
beyond,” said Field CEO Cato Vevatne.

The companies’ combined proprietary software and revolutionizing inspection technology using
artificial intelligence and machine learning offer an exciting new inspection and analytics solution to the
United States infrastructure, communication, and energy sectors.

“This partnership will shake up the US infrastructure and energy market and help drive the shift to
more sustainable and effective solutions. Our combined resources help our customers boost efficiency
and reliability, build resilience, manage risk and safety, and move towards a cleaner and greener
future,” said Mr. Vevatne.

PrecisionHawk and Field have a proven track record of equipping premium companies with the most
advanced intelligence to manage their current and future operating and asset management needs
globally. Importantly, the merged companies offer a trusted solution combining inspection, processing,
and visualizing technology solutions to help customers make critical and timely business decisions.
Data security will remain a top priority with all the data remaining in the US.

Field is an established technology supplier in the US following an exclusivity agreement with drone
solution company Spright in 2021.

PrecisionHawk will operate under the Field brand by the end of the year. The company’s US
headquarters will remain in Raleigh, North Carolina.

Field
Field is a European leader in digital reality services. By combining software, sensors, and autonomous
technologies, Field puts data to work to boost efficiency and reliability within the infrastructure,
construction, environment, and public sectors. Driven by the need to build and maintain the world’s
infrastructure sustainably, Field empowers modern society by transforming data into insights and living
digital twins. Field now has 300 employees in 10 locations internationally, with research and
development centers in six locations and headquarters in Oslo.

Visit https://field.group/

PrecisionHawk

PrecisionHawk is an industry leader in providing an end-to-end solution, from high quality data collection to actionable intelligence through our proprietary Artificial Intelligence algorithms. Harnessing the vast power of emerging GIS, robotics, drones, and artificial intelligence, PrecisionHawk strengthens the data value chain for essential organizations, market leaders, and Fortune 500 companies. Built on more than a decade of experience in pioneering applications in remote sensing and analysis, PrecisionHawk helps customers collect more data, analyze it faster, and quickly turn it into actionable insights to better manage assets, improve safety, and make better business decisions.

Visit PrecisionHawk.com

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