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PROCOPIO CONGRATULATES PLANCK AEROSYSTEMS ON PARTNERSHIP WITH PARROT

Procopio (San Diego) congratulates Planck Aerosystems, Inc. on its recent investment and partnership agreement with Parrot, a leader in the drone and wireless technologies industries.  Planck produces high performance, autonomous unmanned aerial systems (UAS). The company incubated its business at Procopio’s LaunchPad, an innovative space where entrepreneurs share insights on business strategy, obtain legal assistance on emerging growth and technologies, and more.  LaunchPad is operated by Procopio Business Advisors (PBA), a wholly owned subsidiary of Procopio."The Procopio LaunchPad incubator proved invaluable to Planck Aerosystems’ development and fundraising,” said David Twining, the company’s co-founder. “There is simply no replacement for having access to excellent legal and business support, and we never could have guessed how instrumental the program would be to the development of our company."Started in 2012, Procopio’s LaunchPad helps technology start-up companies with their business pitches and metrics, provides access to operating space, conference rooms and amenities, and legal counsel from Procopio lawyers, and business advice from successful entrepreneurs.  LaunchPad also helps make introductions to capital sources when the company is viewed as “capital ready.”“Planck is an exciting company on the forefront of the practical application of drones,” said Paul Johnson, Partner and Co-leader of Procopio’s Mergers & Acquisitions and Strategic Joint Ventures practice group.  “We are very excited to be able to assist Planck in obtaining capital and with other necessary support to take it to the next level.”Added Ruprecht von Buttlar, Managing Director of Procopio Business Advisors, “The LaunchPad serves as an initial investor in companies, committing valuable real estate and business support services to promising startup firms in San Diego. Planck’s innovative offering provides real, cost-reducing solutions for commercial fishermen, and that entrepreneurial spirit is at the core of what we believe in at PBA.”For more information on LaunchPad, contact Ruprecht von Buttlar at 619.906.5758 or at ruprecht.vonbuttlar@procopio.com.

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