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Experienced Investment Professional Dr. Shay Badie Joins Exyn Technologies Board of Directors

Goldman Sachs Alumnus Dr. Shay Badie brings deep financial expertise to Exyn's Board to usher advanced autonomous robotics to new markets

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Philadelphia & London – August 18, 2020 — Exyn Technologies (https://www.exyn.com), a pioneer in autonomous aerial robotics, today announced the addition of Dr. Shay Badie to the Board of Directors. With a PhD and Masters in Engineering both in Chemical Engineering from Imperial College of Science, Technology and Medicine and a robust background in financial services, Badie is poised to help Exyn navigate the company’s growth phase.

Dr. Shay Badie has over 19 years of financial services experience ranging across investments in public and private enterprises, corporate finance including structured and project finance, to financial markets including foreign exchange, interest rates and emerging markets. Currently a Partner at Centricus, and on the board of several of its investee companies, Badie was previously at Goldman Sachs.

Exyn has built successfully on its strong Penn’s GRASP laboratory foundations and pedigree to pioneer autonomous robotic solutions which will have strong and increasing applications to a wide range of commercial and governmental client bases. The dissemination of the remarkable technology into commercial applications and its wide-ranging use is what captured the attention of Badie and Centricus. “Centricus joins an impressive shareholder base and is pleased to be part of the exciting growth prospects of Exyn and its dynamic management and technical teams.” He further added, “On the commercial front, tremendous successes have already been achieved in the mining sector with Exyn directly engaged with several tier-one global mining companies.”

In 2019, Exyn announced $16 million in Series A funding led by Centricus, with other investors including Yamaha Motors Ventures, In-Q-Tel, Corecam Family Office, Red and Blue Ventures, and IP Group, Inc. This financing is helping Exyn to propel its commercial growth plans, accelerate the development of its technology, and create innovative and practical offerings for customers. 

To learn more about Exyn for mining applications, click here.

To learn more about Exyn Technologies, visit www.exyn.com.

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