Joint Press Release: EIB supports Quantum-Systems with venture dept

Joint Press Release: EIB supports Quantum-Systems with venture dept

  • The EIB loan is part of the European Growth Finance Facility that offers startups an alternative to finding additional shareholders.
  • Quantum-Systems drones combine vertical take-off and landing-capabilities with long-range surveillance capabilities that can help governments in cases of natural catastrophes like the recent floods in Germany, Belgium and the Netherlands.
  • Munich-based FCF Fox Corporate Finance supported Quantum-Systems as an advisor.

The European Investment Bank (EIB) and Quantum-Systems have concluded a loan agreement of up to €10 million to further develop capabilities in the areas of autonomous flight and artificial intelligence.

Quantum-Systems, founded in 2015, successfully developed drones with a wing flight mode that enables long travel times, long ranges and quiet flight by utilising electrical and aerodynamic efficiency. The drones are capable of vertical take-off and landing. The founders registered a patent for a vertically launchable unmanned transition aircraft in 2012.

The drones can be used in search and rescue operations after catastrophes like the recent floods in Germany, Belgium, Luxembourg and the Netherlands. Further areas of applications are smart farming, volume calculation in open-pit mining, surveying work for large construction sites, real-time situational awareness, tactical mapping and automated railway inspection.

Quantum-Systems’ technology promises competitive advantages in areas like coverage, reliability, endurance, flights in windy conditions, high flight speed and autonomous flying abilities. The company targets the growing governmental market — where a limited number of companies based in the United States and Israel have historically provided systems — and the commercial market.

The EIB loan is part of the European Growth Finance Facility (EGFF), via which innovative startups can get a debt alternative to equity financing. The EIB thereby offers startups an alternative to finding additional shareholders and allows the founders to retain majority ownership. The programme is part of the European Fund for Strategic Investment (EFSI).

“We are proud of this unique funding product that met an urgent demand. Venture debt protects ownership, fuels growth and helps to bring new technologies to the market,” said EIB Vice-President Ambroise Fayolle, responsible for projects in Germany and engagements related to the environment, climate action and the circular economy. “If we want to support the market leaders of tomorrow, we need to take certain risks. We believe in the potential of the companies that we support and are committed to helping them grow by providing tailor-made financing.”

European Commissioner Mariya Gabriel, responsible for Innovation, Research, Culture, Education and Youth praised the European Union’s innovation programme, saying: “We are glad to enable new ideas to be turned into concrete innovations by big and small entrepreneurs, improving our collective prosperity. The EGFF is an essential instrument to foster the competitiveness of European economy.”

“With the fresh capital, we want to expand our research and development capacities in the areas of autonomous flight and artificial intelligence and drive the further vertical integration of system-critical components of the vertical take-off and landing drones,” said Florian Seibel, CEO and co-founder of Quantum Systems. “The funds are used to increase sales and marketing measures as well as the ramp-up of production and operations, supporting the company’s strong growth.” In 2020, Quantum Systems achieved a 155% increase in revenue compared to the previous year.

The advisors of FCF Fox Corporate Finance supported Quantum-Systems in its search for financing. “Especially for young and innovative companies, the EIB’s venture debt financing offers enormous advantages in financing growth measures such as R&D, sales, marketing or building-up working,” said FCF-Director Florian Theyermann. “One of the advantages of such an EIB loan is that, in contrast to a capital increase, the founder’s shares are not diluted.

Background information

EIB

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

Investment Plan for Europe

The Investment Plan for Europe is one of the EU’s top priorities to boost investment and to create jobs and growth by making smarter use of existing and new financial resources. The EIB Group is playing a vital role in this investment drive. Through guarantees from the European Fund for Strategic Investments (EFSI), the EIB and the EIF are able to take on a higher share of project risk, encouraging private finance providers to participate in projects. In addition, EFSI is accompanied by a new advisory service, the European Investment Advisory Hub, which enables public and private project operators to structure their investment projects more professionally. The projects and agreements approved for financing under EFSI so far are expected to mobilise €546.5 billion in investments and support more than 1.4 million start-ups and small and medium-sized enterprises (SMEs) across all EU Member States.

EGFF

The European Growth Finance Facility (EGFF), as part of EFSI, provides venture debt financing for innovative startups. Innovative startups can get either get a debt alternative to equity financing or add-on debt financing to capital increases in order to raise the total financing amount. The EIB thereby offers startups an alternative to finding additional shareholders.

Quantum-Systems

Quantum-Systems GmbH develops and deploys small Unmanned Aircraft Systems (sUAS) for the geospatial community (commercial product line) and the defence, security, and intelligence community (governmental product line), providing unprecedented data quality, efficiency, and operational usability.

The fully autonomous sUAS with AI edge computing capabilities enable its users to capitalise on the emerging megatrend of autonomous sUAS data acquisition solutions that will open entirely new markets and applications. All Quantum Systems sUAS combine eVTOL (electrical vertical take-off and landing) capabilities with long-range utilising electrical and aerodynamic efficiency.

The continuous integration of state-of-the-art sensors into the systems allows for increased aerial data intelligence. Quantum-Systems was founded in 2015 and is headquartered at Special Airport Oberpfaffenhofen, 20 km west of Munich.

FCF Fox Corporate Finance

FCF is a specialised investment bank and a financing specialist, advising public and private small/mid-market companies in German-speaking regions. FCF structures, arranges and places equity and debt capital transactions and supports its clients’ growth, IPO/pre-IPO, acquisition and standard balance sheet (re-)financing strategies.

Founded in 2005 and headquartered in Munich, FCF has direct relationships and works with all leading German, European and international financiers, lenders and investors addressing German small/mid-cap companies. 

Press Contacts

Donata Riedel, d.riedel@eib.org, tel.: +49 30 590047 912, mobile: +49 151 1465 9021
Website: www.eib.org/press – Press Office: +352 4379 21000 – press@eib.org

Florian Theyermann, florian.theyermann@fcf.de, tel.:  +49 172 83 95737
Website: www.fcf.de

Claudia Steinhoff, csteinhoff@quantum-systems.com, tel.: +49 8105 24150 64
Website:
https://www.quantum-systems.com/

 

Quantum-Systems raises growth funding from 10x Group

Quantum-Systems raises growth funding from 10x Group

Germany, Munich, May 17, 2021 – Quantum-Systems GmbH, Munich-based market leader for development, design, and production of small Unmanned Aircraft Systems (sUAS), today announced that it has closed an additional round of financing and raised an undisclosed amount from also Munich-based 10x Group. The investment round will support the company’s continued expansion as it takes advantage of accelerating market demand for next-generation sUAS with electric vertical take-off and landing capabilities and onboard edge AI.

Quantum-Systems has achieved a 155% growth rate in revenue in the year 2020 compared to the previous year and has built a global customer base, which is using Quantum-Systems’ drone platform for missions like smart farming, volume calculation in open-pit mining, surveying work for large construction sites, real-time situational awareness, tactical mapping, Search and Rescue (SAR) and automated railway inspection.

Demo use cases also include the transport of medications and blood reserves. With this growth funding, Quantum-Systems intends to further accelerate its growth strategy towards building the pan-European leader and will substantially invest into sales, marketing, and R&D.

The strong customer traction and investor interest is a tremendous validation of our technology and the market opportunity. We are excited and thankful for the trust of our new investors. 10x Group’s investment is a turnkey event for Quantum-Systems.

Florian Seibel

CEO, Quantum-Systems GmbH

More financial and networking resources to drive the company’s development.

10x Group will support Quantum-Systems with its continuous growth plans. Key initiatives are the expansion of the globally operating sales team, the expansion of R&D capacities in the field of autonomous flying and artificial intelligence as well as further vertical integration of system-critical components of the eVTOL drones.

Quantum-Systems’ unique technology and easy-to-use software form the company’s opportunities for drones within the commercial and governmental space. The new EU framework on the future operation of drones, which successfully passed the German Parliament last week, finally makes Germany the country with the most innovative regulatory rule set in the world.

 

The opportunities for professional, industry-grade, drones are unprecedented in the commercial and governmental markets for the years to come. We identified Quantum-Systems as the world leader regarding technology and products and we look forward to supporting the management team to execute this huge opportunity.

Felix Haas

Partner at 10x Group and lead for Quantum-Systems GmbH, 10x Group

10x Group is joined in this investment round by their affiliated partner Andrej Henkler from Leblon Capital. Mr. Henkler is an early backer of multiple US successes like Palantir and will advise Quantum-Systems on the upcoming global expansion.

About 10x Group

10x Group is a group of serial entrepreneurs and founders investing in founders of digital start-ups in Europe and Silicon Valley. Next to being entrepreneurs 10x invests into ambitious teams in Europe and Silicon Valley since 2007. Through their extensive network and knowledge in the B2B and B2C world they actively support their founders to develop their companies. Of 120 active investments, 50+ are based in the Valley. The focus is on businesses with a digital disruptive element.

About Quantum-Systems GmbH

Quantum-Systems GmbH develops and deploys small Unmanned Aircraft Systems (sUAS) for the geospatial community (commercial product line) and the defense, security, and intelligence community (governmental product line), providing them unprecedented data quality, efficiency, and operational usability.

The fully autonomous sUAS with AI edge computing capabilities, enable its users to capitalize on the emerging megatrend of autonomous sUAS data acquisition solutions that will open entirely new markets and applications. All Quantum-Systems sUAS combine eVTOL (electrical vertical take-off and landing) capabilities with long-range utilizing electrical and aerodynamic efficiency.

The continuous integration of state-of-the-art sensors into the systems allows for increased aerial data intelligence bringing the customers’ decision-making processes to new levels. Quantum-Systems was founded in 2015 and is headquartered at Special Airport Oberpfaffenhofen 20 km west of Munich.

Press Contact:
Claudia Steinhoff
Phone: +49 (0)8105 24150 64
E-mail: csteinhoff@quantum-systems.com

Quantum-Systems introduces geomatics grade, high-speed scanning LiDAR payload

Quantum-Systems introduces geomatics grade, high-speed scanning LiDAR payload

The Qube 240 payload is a geomatics grade LiDAR scanner for the Trinity F90+ UAV and it endures up to 60 minutes of flight time with this combination.

Gilching, Germany, February 22nd, 2021 Light Ranging and Detection (LiDAR) sensors, partly traded as the key technology of the future for autonomous driving are also the first choice for highly productive survey tasks.

Until recently, LiDAR payloads were hardly affordable for SMEs due to their high cost. This is exactly where Quantum-Systems and YellowScan come in and offer a geomatics grade LiDAR scanner integrated into the payload compartment of the Trinity F90+ drone including software package without having to compromise on data quality.

Qube 240 LiDAR
Qube 240 LiDAR side view with LEDs 02

A small and powerful LiDAR sensor for the Trinity F90+ UAS

The Qube 240 LiDAR sensor inherits the YellowScan Ultra Surveyor LiDAR scanner. This was the first integration into our Tron UAS platform in 2017. Advances in miniaturization and performance improvements across the board now increased range and accuracy with a significantly smaller form factor. This is impressively reflected in the cost reduction of over 50% for the overall system.

Qube 240 LiDAR

​A geomatics grade LiDAR solution from a single source

The Qube 240 LiDAR provides essential information for surveying and mapping by generating an accurate 3D image of the process environment through 240.000 distance measurements per second.
Oustanding absolute accuracy is achieved with the help of the integrated Applanix APX15 INS. One can speak of a geodetic accuracy that was previously only achievable with LiDAR Systems of the upper price segment. The easy handling and user-friendly integration will convince customers. Fast and easy processing of the raw data is an additional benefit.

The solution comes with YellowScan CloudStation software which is enclosed in an adapted variant with a 1-year subscription license.

Ideal applications for the usage on board UAVs are in the following application scenarios:

  • Power Line Surveying and Mapping
  • Forestry & Agricultural Surveying and Mapping
  • Mobile Surveying and Mapping

“The Qube 240 convinces professionals with 240,000 shots per second, for which up to three reflections are measured. The result impresses on the one hand with an extremely high point density with 50-100 points per square meter, and on the other hand with very good penetration of the vegetation. This way, the creation of digital terrain models under forest is also possible without any problems.

All in all, I do not know of any comparable solution worldwide, considering the weight, the performance, and the accuracy. We are especially pleased to be able to offer our customers a novelty for our Trinity F90+ UAS.”

Florian Seibel

CEO, Quantum-Systems GmbH

Features and availability of the Qube 240 LiDAR

The development and technical integration began in the second half of 2020 based on the cooperation with YellowScan. Which was already in years of existence. We achieved our goal to develop a geomatics-grade LiDAR sensor for our Trinity F90+ drone!

A payload with unique key data:

  • Geomatics Grade LiDAR
  • Class 1 (Eye Safe)
  • Wavelength: 905 nm
  • Maximum altitude: 140m AGL
  • Precision: 1.8-2.5 cm
  • Accuracy: < 3 cm
  • Scanner field of view: 70°
  • 240,000 shots per second
  • Point density @100m: 50-100 points/m²
  • Multi-echo technology: up to 3 echoes per shot
  • Applanix POSPacTM UAV, GNSS, and INS software for PPK
  • Qube 240 data processing software to generate survey-grade LAS Files.
Qube 240 LiDAR

“Impressive is the point density, even under vegetation and the low noise of the data. The sample data we collected so far also contains several GCPs some of which were covered with snow or are on loose ground and were measured two years ago. Nevertheless, one can see the extremely high accuracy of the system.

The balanced representation of the intensity values of the point cloud is also striking. These values are in any case better than the intensity values of comparable or even more expensive systems, like Velodyne PUK32 systems.”

Martin Herkommer

Senior Sales Manager, Quantum-Systems GmbH

About Quantum-Systems

Quantum-Systems GmbH, founded in Munich in 2015, specializes in the development, design, and production of small Unmanned Aircraft Systems (sUAS).

Our sUAS combine eVTOL (electrical vertical take-off and landing) capabilities with long-range utilizing electrical and aerodynamic efficiency. We continuously integrate high precision sensors into our systems for increased aerial data intelligence. Using these methods, we are transforming decision-making processes for the professional user in both the commercial and governmental sectors.

Contact:
Claudia Steinhoff
Marketing Manager at Quantum-Systems
csteinhoff@quantum-systems.com
+49 8105 24150 64

 

About YellowScan

At YellowScan we design, develop, and build our UAV LiDAR solutions to exceed the expectations of professionals that require performance, robustness, and accuracy. Our complete hardware and software solutions are easy to use data collection tools coming with an unparalleled level of training and support from our experts.

Founded in 2012, YellowScan has customers around the world, and are used in surveying, forestry, environmental research, archaeology, industrial inspection, civil engineering, and mining sectors. Based in the South of France, we have sales and support offices around the globe.

Contact
Morgane Selve
Communication Manager at YellowScan
+33 4 11 93 14 23
morgane.selve@yellowscan-lidar.com

Long-range drones to deliver emergency medication to hospitals – Project MEDinTime

Long-range drones to deliver emergency medication to hospitals – Project MEDinTime

The “MEDinTime” project supported by the German Federal Ministry of Transport and Digital Infrastructure is testing the viability of the supply using unmanned aircraft systems in the Ingolstadt region. 

The “MEDinTime” project is being funded by the Federal Ministry of Transport and Digital Infrastructure with a total of 1.07m € starting October 28th, 2020, as part of the call for proposals “Unmanned aviation applications and individual air mobility solutions”. 

The project consortium consists of experts from Ingolstadt Hospital, Ingolstadt University of Applied Sciences, the district of Pfaffenhofen a. d. Ilm and the Bavarian Red Cross regional office under the project management of the network coordinator Quantum-Systems GmbH.

Drones could bridge mobility bottlenecks 

The joint project “MEDinTime” concerns itself with an innovative mobility solution for a growing problem with the supply of medication to hospitals. 

Clinics must stock a large selection of drugs around the clock for patient care. In addition, the rapid provision of special emergency medications must be ensured in the shortest possible time. This is usually guaranteed by appropriately equipped hospital pharmacies. Due to the distance to the nearest pharmacy and the associated transport time, even hospitals of the primary care level (I. level of care) have to keep a large stock of medication in order to be able to guarantee the supply at any time. After their expiration date, the products must be discarded. This circumstance is a considerable cost factor, not only for the hospital operator, but for the entire health care system.  

In the context of the “MEDinTime” project, a demonstrator for the reliable and safe supply of regional hospitals with drugs by means of automatically operated drones is therefore to be developed by December 2022 and investigated during a longer test phase. For this purpose, a test track will be set up between the hospitals of Ingolstadt and Pfaffenhofen. In addition, the system should provide real-time data on the availability of drugs to be transported. 

Drones as a logistical link in the supply of medication 

Vertically launching (VTOL) long-range drones from Quantum-Systems GmbH will serve as a basis. Unlike simple copter drones, these aircrafts can cover long distances (up to 100 km) quicklysafely and at low noise levels. Within the scope of the project, the drones will be equipped with a removable, intelligent transport box in accordance with the legal requirements for the transport of medication. 

Furthermore, the project will lay the foundations for further areas of application, such as the transport of medicines to disaster areas. The fast transport of samples by air from a test center to the laboratories is also conceivable in the medium term.

About Quantum-Systems GmbH

Quantum-Systems GmbH, founded in Munich in 2015, specializes in the development, design, and production of small Unmanned Aircraft Systems (sUAS) for a wide range of commercial and governmental applications. The more than 75 employees (growing) work intensively on combining eVTOL (electrical vertical take-off and landing) capabilities with long range utilizing electrical and aerodynamic efficiency.

Contact:
Claudia Steinhoff
csteinhoff@quantum-systems.com
+49 8105 24150 64

QBase 3D Release v2.2.20

QBase 3D Release v2.2.20

New QBase 3D Version now available for all pilots!

Munich, Germany – 15 October 2020 – Quantum-Systems just released the newest version of its ground control station software QBase 3D today. This release is packed with new functionality, focusing especially on the post-processing part of each flight and the planning of more complex scenarios.

This update is free for all users of QBase 3D! So we can guarantee that every user always has the latest features available. The update function offers the appropriate possibility for this!

If you are thinking about using QBase 3D or want to get an overview of the user interface, we suggest you visit our YouTube channel in addition to the possibility to download a full version of QBase 3D from our website.

Completely redesigned post-processing

You can now process an unlimited amount of flights in parallel. The new workflow guides you through the setup of each job. After a few clicks the calculations are running and you can spend your time more worthwhile than waiting for the next job to be started

Command line based post-processing.

If you have a server structure or prefer not using a GUI we have a new way of post-processing for you. The command line tool offers a way to automate post-processing of recurring flights or to embed it into your automated workflow

New and improved export of flight logs

We are happy to offer better connectivity to two large image processing providers:

New planning features

Concave area planning

Avoid taking pictures were they are not needed

More accurate terrain following in areas

We improved the terrain following algorithm to respect altitude changes not only between flight legs, but during each leg. This feature is still experimental and we are looking forward to your use cases and inputs.

 

  • Possibility to select altitude over area based on average or maximum terrain altitude. Adjust the flight altitude on legs according to your needs.
  • Corridors with even number of legs. Save time on corridor missions, when there is no need for your aircraft to fly unproductive legs.

Improved mission file handling

Mission files can now be visualized on a map. This allows you to find your flown missions at a certain location much faster.

ATC communication features

  • Altitude display in m and feet simultaneously. When communicating with ATC sometimes feet is the required unit. Now you can monitor your flight the way you planned it and still read the altitude in feet.
  • QDM and QDR. Get a bearing and range of the aircraft to your reference position.

Thes are just some of the improvements we implemented

Some additional featrues are:

  • Display of time since last contact to the drone in case of link loss
  • Visualization of allowed distances between home and retransition point
  • Improved map graphic performance
Quantum-Systems and Pix4D announce official partnership

Quantum-Systems and Pix4D announce official partnership

Quantum-Systems GmbH and Pix4D have signed a contract to make their partnership official and to ease daily operations for common customers.

Gilching, Deutschland, and Prilly, Switzerland, July 6, 2020. Professionals around the globe rely on eVTOL UAVs from Quantum-Systems and Pix4D’s software suite for collecting and post-processing aerial data. The partnership between both companies ads real value to the daily operations of drone users in mining, agriculture, forestry, surveying and mapping, power, and utilities. With the partnership contract in place, users from now on are able to source Pix4D’s software suite both, directly and through Quantum-Systems’ resellers.

Efficient aerial data collection with various payloads

The Trinity F90+ is an eVTOL mapping drone for professionals. With a flight time of up to 90 minutes it is able to cover areas of up to 700ha per flight with 3,2 cm per pixel GSD at 120 m AGL. The Trinity F90+ UAV can be combined with a wide range of payload options, including RGB and multispectral (dual) payloads.

The Trinity F90+ is used by professionals around the world and sold by a global network currently counting 68 different resellers. Its typical application is composed of surveying and mapping in the agricultural, forestry, mining, and utilities sector.

Pre-planning and monitoring aerial survey missions with QBase 3D Software

Quantum-Systems also develops and markets its own software. QBase 3D is for planning and monitoring missions and also able to do PPK processing of the collected survey data with an absolute accuracy of up to 2 cm.
QBase 3D automatically generates flight paths after the flight area and the mission parameters have been defined with just a few clicks. It gives users control over their photogrammetric aerial survey mission and full coverage over the area of interest.

Post-processing the mission data

Once a mission is completed and the UAV landed, the images taken are ready to be imported into Pix4D. Quantum-Systems’ drones and the data generated during each mission are generally software and supplier independent. With Pix4D we can offer our customers an efficient, flexible, and powerful software suite for post-processing that answers their needs in daily operation in their industry.

We are very happy to have a strong OEM partner like Quantum-System. Our bonds are strong in particularly strategic verticals like railway and infrastructure inspection, but since these drones deliver the quality standards needed for large scale mapping, the potential is immense. We are already collaborating on very important international projects.

Johannes Mengden

Business Developer EMEA, Pix4D

Sourcing. training and operation made easy

When professionals turn to Quantum-Systems they have now the opportunity to source an end-to-end solution from one supplier.

Since our end-users and resellers are professionals from different industries, we are happy to closely cooperate with Pix4D. This way we can offer our customers a full solution, from the acquisition of the pictures with our TrinityF90+ to processing the data in special software made by Pix4D. Thanks to this cooperation, they will be able to perform standard and large scale mapping and to choose the most appropriate software for their usage,”

Dejan Dragic

Manager Sales and Business Development, Quantum-Systems GmbH

With the efficiency of Trinity F90+ UAV in combination with QBase 3D mission planning software, various payload options plus Pix4D for post-processing all crucial workflow steps are covered.
The package will be available through official Quantum-Systems resellers. Both brands will team up to host webinars and workshops for their common customer base.

Quantum-Systems GmbH and Pix4D announce official partnership_5
Quantum-Systems GmbH and Pix4D announce official partnership_4

About Pix4D
Pix4D (pix4d.com) develops cutting-edge software that converts images taken by hand, by drone, or by plane into accurate and georeferenced survey-grade 2D mosaics, 3D models, and point clouds. Founded in 2011, Pix4D is rapidly expanding from its headquarters in Lausanne, Switzerland, to offices in Berlin, Madrid, Denver, San Francisco, Shanghai, and Tokyo.

Press Contact:
Rodrigo Gonçalves, Brand, Media & Communications
rodrigo.goncalves@pix4d.com
Phone: +41 76 4680072

About Quantum-Systems GmbH
Quantum-Systems GmbH, founded in Munich in 2015, specializes in the development and production of automatic transition aircrafts for a wide range of professional and civil applications. The more than 65 employees (growing) work intensively on combining reach and electrical efficiency with the ability to vertically take off and land without additional equipment.

Press Contact:
Claudia Steinhoff, Marketing Manager
csteinhoff@quantum-systems.com
+49 8105 24150 46

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