Procopio Congratulates Planck Aerosystems on Partnership With Parrot

San Diego, CA, June 22, 2016 (Newswire.com) - ​​Procopio 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." 

"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."

Ruprecht von Buttlar, Managing Director of Procopio Business Advisors

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,

For more information on LaunchPad, contact Ruprecht von Buttlar at 619.906.5758 or at [email protected].

About Planck Aerosystems

Planck Aerosystems, Inc. is bringing high performance, autonomous unmanned aerial systems (UAS) to new markets. Its patented technology makes small UAS accessible to vessels moving at sea, without the need for a dedicated pilot or installed hardware. A combination of advanced hardware and cutting edge image processing software enable Planck UAS to tackle pressing problems in the maritime world.

About Procopio Business Advisors LLC

Procopio Business Advisors, LLC (PBA) is a wholly owned subsidiary of Procopio, Cory, Hargreaves & Savitch LLP. PBA was founded to provide a wide variety of strategic consulting services to small and mid-sized businesses.

About Procopio

Procopio is a full-service business law firm committed to thoughtful problem solving and improving your bottom line.  With more than 150 attorneys based in San Diego, Del Mar Heights, Silicon Valley, Phoenix and Austin – we’re passionate about knowing your business and helping you grow and protect it for the long term.  Procopio has the cost efficient and flexible infrastructure to support both small to mid-sized companies and large multinationals at every stage of the business life cycle.  Our global reach across Asia and Latin America further expands our international partnerships and cross border capabilities.  At Procopio, we are focused on what is important to you – providing smart, innovative and practical solutions in a cost-effective manner to help your business thrive.

Media Contact:  Angela Giombetti

Communications and Public Relations Manager

Phone:  619.906.5740

Email: [email protected]

Source: Procopio, Cory, Hargreaves & Savitch LLP