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Thursday, October 21, 2021

Autonomous, eVTOL (Electric Vertical Takeoff and Landing) Drones; the Rise of Astro Aerospace Ltd (OTCMKTS: ASDN)

Astro Aerospace Ltd (OTCMKTS: ASDN) is making a strong move up the charts in recent months off its lows under $0.05 last summer. Recently surpassing $0.30 ASDN has just 33 million unrestricted shares and has been trading over $300,000 in dollar volume as it emerges as a volume leader on the bulletin board.

Astro Aerospace is at the right place at the right time developing products in 2 booming sectors; ASDN is creating autonomous, eVTOL (Electric Vertical Takeoff and Landing) aerial vehicles and drones and anticipates pre-sales available as soon as 2021. The Company is currently in the flight testing mode of its Passenger Drone Version 1.0, as well as in the development stages of its version 2.0 Passenger Drone model. Last year Astro added another new model to its ALTA platform line-up in the form of a Med-Evac/Ambulance vehicle. The ALTA LaFRa (Low-altitude Fast Response aircraft) is the newest pod concept to join Astro’s ALTA fleet of Pods and will target the search and rescue, and ambulance/medical markets.

Astro Aerospace Ltd (OTCMKTS: ASDN) is a developer of autonomous self-piloted eVTOL (Electric Vertical Take Off and Landing) aerial vehicles. The Company intends to provide the market with a mainstream mode of everyday, aerial transportation for both humans and cargo. Astro currently has a working prototype and is making engineering and mechanical improvements to it. The company is publicly traded on the OTC Market under the symbol, “ASDN”, and within the OTCQB market tier. As such, Business, Operational, and Financial information on ASDN is fully transparent and available to public view. Astro Aerospace mission is to make self-flying unmanned and manned vehicles available to anyone, at anytime, from anywhere, and to turn this new and exciting aircraft into a mainstream mode of transportation. The Company’s vision is “Flight Made Easy”.

Astro is developing safe, affordable user-friendly autonomous manned and unmanned Electric Vertical Take-Off and Landing (eVTOL) aircraft available to the mass market anywhere. Astro is currently working on Version 2.0 of the aircraft which will feature design changes that enhance performance characteristics and safety features. The target market will be government, private sector operators and individuals for a wide range of commercial, logistical and personal uses.  The Company is currently in the flight testing mode of its Passenger Drone Version 1.0, as well as in the development stages of its version 2.0 Passenger Drone model.

The Company is working with Infly Technology Ltd., its design and manufacturing partner, who is leading the design and development team with responsibility for developing the team as well as building the new prototypes for the two new aircraft models. The Company applied for approval to test the Passenger Drone 1.0 version in Canada in order to display new software, avionics and stability. The Company received an SFOC (Special Flight Operations Certificate) from Transport Canada in September 2018, allowing Astro to take to the sky, and put the Passenger Drone 1.0 “Elroy” through critical elements of integrated flight testing.  The testing culminated on Wednesday, September 19, 2018 with a 4 minute and 30 second flight, reaching heights of over 60 feet and speeds of over 50 km/h. The avionics and flight control systems were put to task with a multitude of maneuvers and the vehicle remained exceptionally stable, even under the effects of a couple of unexpected wind gusts.

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ASDN

The Company’s newest prototype focuses on a multitude of applications including passenger transport, cargo delivery, ambulance and med-evac services, rescue and disaster assistance, military, and B2B. Its newly designed modular structure allows the Astro Top Frame (ALTA) to fly independently, as well as in combination with the individually designed “Astro Pods” for the specific need in that specific industry. A fly-in and pick-up system will allow the vehicle to connect, fly, disconnect and repeat, effectively and efficiently, changing from one application to the next. We refer to it as the Swiss Army Knife of the eVTOL world.

The last press release from the Company came last year on March 24 Astro announced it has added another new model to its ALTA platform line-up in the form of a Med-Evac/Ambulance vehicle. The ALTA LaFRa (Low-altitude Fast Response aircraft) is the newest pod concept to join Astro’s ALTA fleet of Pods and will target the search and rescue, and ambulance/medical markets. The LaFRa design modification was an obvious addition in the progression of Astro’s Pod development program and fits perfectly with the flexible and nimble maneuvering ALTA platform. Although the current COVID-19 situation has temporarily halted development of the current build, Astro continues to innovate and create new pods for multiple industries.

“Like most, it’s important for us to recognize and follow the protocols regarding COVID-19 and we have suspended production to ensure our team, suppliers and their families are safe. We will be resurrecting the build of the ALTA program immediately following the advice of the governing bodies when it is safe to return”, says CEO Bruce Bent.

Astro sees the new, modular ALTA design, in combination with the series of “custom-use specific pods”, helping private business, government and medical agencies, as well as personal use (initially on private property) put into place much sooner than that of the higher risk, commuting segment, due to the lengthy and complicated certification and flight path development processes in major cities. Pending regulation and approvals, and the status of the COVID-19 interruption, Astro anticipates pre-sales available as soon as 2021.

 

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ASDN is making a strong move up the charts in recent months off its lows under $0.05 last summer. Recently surpassing $0.30 ASDN has just 33 million unrestricted shares and has been trading over $300,000 in dollar volume as it emerges as a volume leader on the bulletin board. Astro Aerospace is at the right place at the right time developing products in 2 booming sectors; ASDN is creating autonomous, eVTOL (Electric Vertical Takeoff and Landing) aerial vehicles and drones and anticipates pre-sales available as soon as 2021. The Company is currently in the flight testing mode of its Passenger Drone Version 1.0, as well as in the development stages of its version 2.0 Passenger Drone model. Last year Astro added another new model to its ALTA platform line-up in the form of a Med-Evac/Ambulance vehicle. The ALTA LaFRa (Low-altitude Fast Response aircraft) is the newest pod concept to join Astro’s ALTA fleet of Pods and will target the search and rescue, and ambulance/medical markets. We will be updating on ASDN on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with ASDN.

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Disclosure: we hold no position in ASDN either long or short and we have not been compensated for this article.

 

Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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