DRONE AVIATION HOLDI (OTCMKTS:DRNE) is making a highly explosive move up on accelerating volume after reversing off $0.14. The last 2 trading days have been marked by heavy accumulation and steady upwards movement as DRNE is transformed from illiquid to one of the top traded stocks on the exchange.
DRNE is focused on aggressively penetrating the expanding Drone market with their unique Tethered Drones, which are currently being fielded to the U.S. Department of Defense and State and Local municipalities.
DRONE AVIATION HOLDI (OTCMKTS:DRNE) provides critical aerial and land based surveillance and communications solutions to government and commercial customers. Utilizing a unique tethering capability, drone systems operate in the National Airspace within FAA guidelines for safe operations.
Drone systems are designed and developed in-house utilizing proprietary technologies and processes that result in compact, rapidly deployable aerostat solutions and mast based systems that have been proven to fulfill critical requirements by the military and law enforcement in the U.S. and to our allies around the world.
In August of last year billionaire Dr. Phillip Frost led an investment into Drone Aviation in a private placement of up to $1,500,000 of DRNE securities at a purchase price of $0.75 per Share. A new Strategic Advisory Board was created that will be headed by Dr. Frost who is joined by Mr. Steve Rubin.
DRNE is a trusted supplier of aerial surveillance and communication drones to various branches of the Department of Defense as well as State and local civilian and commercial entities. The Company develops and sells complete, turn-key, tethered surveillance systems based on its own proprietary technology.
Drone Aviation’s tethered drones, or drones that are physically connected to a ground unit through a line or cable are not “free-flying” and therefore comply fully with all FAA regulations, including avoiding the airspace restrictions that plague free-flying drones.
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The Kingfisher™ aerostat is named after the kingfisher bird species, known to be the longest-duration hovering bird with exceptionally keen vision to spot its prey. A fitting name for an aerostat balloon designed to provide a stable platform in winds up to 50mph/75kph* and give you unprecedented options for your payload and surveillance requirements. As part of an DAC surveillance system, the Kingfisher is the only FAA approved, urban-flight qualified, lighter than air system available in North America.
DRNE Tethered Drones are SAFE and LEGAL to operate under current FAA guidelines. DAC Tethered Drones offer unsurpassed flight duration and security due to power and communications both running through the MilSpec tether line.
In June of last year DRNE announced that Lighter Than Air Systems Corp, its wholly owned subsidiary, has received an award from U.S. Government prime contractor ADS Inc. The award recognizes LTAS’s sustainment kits that support the Government’s “Blimp in a Box”, BiB-250 tethered aerostat systems, which are currently stationed at U.S. Army Garrison Fort Polk. The sustainment equipment order valued at over $250,000 is expected to be delivered in Q3 and will be utilized to support evaluations, training, and operations in rotational exercises.
According to the 10Q DRNE filed on November 7 they have a strong cash position of $1.8 million with minimal debt. They also have small but fast growing revenues reporting $328,063 in sales for the quarter ended September 30, 2014 up from $76,082 for the same period last year.
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Currently trading at a $6.9 million market valuation DRNE is exploding upwards on big volume quickly transforming from illiquid to one of the top traded stocks on the bb’s. This one has a ton going for it including a billionaire as a major investor sitting on the BOD, the Company sits on the cutting edge of a fast new growing industry; drones and their use is booming in the US and only looks to grow in the coming years. DRNE is a stock to watch.
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Disclosure: we hold no position in DRNE either long or short and we have not been compensated for this article.