Unusual Machines (UMAC) has signed a partnership with trade network platform Altana to reinforce its drone component manufacturing supply chain, the company said Thursday.
Financial details weren't provided.
The partnership will use artificial intelligence tools to verify suppliers and track product lines for US regulatory requirements, ultimately reducing manual work, cutting qualification timelines and enhancing supply chain execution, the company said.
Shares of the company were up 2.6% in early Thursday trading.
Price: $24.15, Change: $+0.61, Percent Change: +2.59%