SET Notification

Establishment of the new joint venture company “AeroSky (Thailand) Company Limited”

21 May 2021


PTTEP 13061/00-4125/2021                 
                                                                                                                                      
Investor Relations                                                                                                                      
Tel. +66(0) 2537 4259, +66(0) 2537 5522
 
21 May 2021
 
President
The Stock Exchange of Thailand
93 Ratchadaphisek Road, Dindaeng
Bangkok 10400
 
 
Dear Sir,
 
 
Subject:           Establishment of the new joint venture company “AeroSky (Thailand) Company Limited”
 
PTT Exploration and Production Public Company Limited (PTTEP) would like to announce that AI and Robotics Ventures Company Limited (ARV), a subsidiary of PTTEP, in partnerships with Aerodyne Group (Aerodyne) from Malaysia and Digital Creation Co., Ltd. (DC) has announced the launch of a joint venture company “AeroSky (Thailand) Company Limited” (AeroSky), which will provide state-of-the-art drone-based enterprise solutions across the Thai market, including clients in the telecoms, electricity, oil & gas, and other infrastructure-led industries. The business will combine core strengths of ARV's expertise in the provision of drones and sophisticated AI and Robotic solutions, Aerodyne's integrated drone and software-as-a-service solution, and DC's leading-edge machine learning and monitoring technologies. AeroSky services would allow infrastructure inspection and monitoring to be of better quality, quicker, and at a lower cost.
 
AeroSky will have a registered capital of 30 million Baht and its shareholding proportion will consist of AI and Robotics Ventures Company Limited at 33%, Aerodyne Group 34% and Digital Creation Co., Ltd. at 33%. Registration of the new joint venture company is expected to complete within July 2021.
 
The establishment of this joint venture is in line with the company's strategy of expanding investment into new businesses through the use of technology and innovation to enhance efficiency and create long-term sustainability.
 
Please be informed accordingly.
 

Sincerely yours,
 
Phongsthorn Thavisin
 
Phongsthorn Thavisin
Chief Executive Officer