Latest / Best of Business / Sam Vye: Syos CEO on the company acquiring Bay Dynamics

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Sam Vye: Syos CEO on the company acquiring Bay Dynamics · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks B Follow
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  Speaker 2: A Mount Long Anduek business has created undersea drones that
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  Speaker 2: could help protect seafloor cables from sabotage. Bay Dynamics, which
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  Speaker 2: makes the drones, is just being acquired by another drone
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  Speaker 2: business called Sios Aerospace, and SCIOs is chief executive Sam
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  Speaker 2: Via is with us. Now, Hey Sam, hey, hey, they
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  Speaker 2: hate him very well, thank you. So are you actually
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  Speaker 2: going to use these drones to monitor what's going on
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  Speaker 2: with the cables under the sea?
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  Speaker 1: Yeah?
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  Speaker 3: So well, I mean that's obviously one application to it,
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  Speaker 3: but certainly a very important application which we're seeing, you know,
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  Speaker 3: a big global demand for right now.
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  Speaker 2: Why what are we worried about? We are we genuinely
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  Speaker 2: worried that sabotage is part of the grab bag of
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  Speaker 2: things people might do to us.
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  Speaker 3: Now, obviously, our market's global, not just New Zealand, and certainly,
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  Speaker 3: you know, anyone watching the news in Europe sees will
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  Speaker 3: will see the potential sabotage and the and the nervousness
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  Speaker 3: around the particularly in the EU, around potential sabotage by
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  Speaker 3: hostile vessels or or potentially vessels from from some certain
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  Speaker 3: countries that might accidentally drag, anchor or intentionally disrupt sea
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  Speaker 3: for infrastructure.
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  Speaker 2: So who are you selling to?
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  Speaker 3: H Yeah, So SIUs is a developer and manufacturer of
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  Speaker 3: uncrewed vehicles or drones and robotics across both defense and
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  Speaker 3: the civil sector. Predominantly are our customers. We have a
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  Speaker 3: number of customers in Europe and you know, obviously we're
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  Speaker 3: a New Zealand company, so we're now setting up on
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  Speaker 3: New Zealand production facility to also offer the the same
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  Speaker 3: products to the APAC region. And now obviously this acquisition
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  Speaker 3: of a Dynamics adds another to our bow by being
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  Speaker 3: able to offer our customers also with subsurface vehicles.
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  Speaker 1: Sam.
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  Speaker 2: Thanks, it's fascinating stuff. Man, beast of luck with the business.
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  Speaker 2: It's Samviai SSIOS Aerospace Chief executive.
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