The hybrid propulsion system increases the UAS's endurance and payload by providing two different power sources, optimized to vertical takeoff/landing and cruise conditions. To meet different needs of potential customers, both companies are also working on another gasoline-electric hybrid propulsion system under a project funded by the Korea-Israel Industrial R&D Foundation. In addition, HC and IAI consider marketing the FE-Panther to South Korean governmental entities.

Presenting the FE-Panther at HC booth follows an earlier Memorandum of Understanding (MoU) of a feasibility study under which the two companies have been studying the concept of a VTOL UAS for South Korean requirements.

Ofer Haruvi, CTO of IAI's Military Aircraft Group said: "IAI is excited to work with Hanckuk Carbon to promote its technologies. The cooperation with the Company is a real opportunity to develop new capabilities and to pursue new business opportunities. This collaboration will be beneficial to the Republic of South Korea's military and civilian authorities."

Moon-Soo Cho, CEO of Hankuk Carbon said:"I am excited to develop this VTOL UAV jointly with IAI. It will be tailor-made to meet local requirements which demand runway independence in Korea's mountainous region. It will combine Hankuk Carbon's advanced composite materials and IAI's technologies. To develop and manufacture this VTOL UAV for Korean civil and military uses, both companies have been working on another joint development of a hybrid propulsion system. This strategic partnership will have a big contribution to the Korean government's policy of creative economy."