DRONE AVIATION HOLDI (OTCMKTS:DRNED) is an exciting story developing in small caps sitting at the cutting edge of the fast growing drone industry which is expected to grow to $4 billion in the next 10 years.
The ticker symbol has an extra D at the end of it for the next 20 trading days after the Company implemented a 1-for-40 reverse split of its common stock.
DRNED has been getting big attiontion in recent months; billionaire Dr. Phillip Frost recent investment in the Company; the man is a self-made billionaire with a keen eye on bb’s with big futures (check out COCP and MBVX) and he regularly receives national media attention from the likes of Bloomberg, CNBC and Barron’s.
DRONE AVIATION HOLDI (OTCMKTS:DRNED) 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.
The Company 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 DRNED 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.
DRNED 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.
DRNED 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.
The May 5 press release went on to say ”Under terms of the award, DAC and Troll will jointly form a working group to integrate the L-3 Wescam MX-10 advanced optical sensor system into the WASP platform for an international customer. The working group plans on commencing integration in May with initial flight testing expected to take place by Q3 2015.
DAC develops and manufactures the WATT Electric Tethered Drone, Blimp in a Box (BiB) and WASP aerostat product lines. The WATT Tethered Drone, as well as the BiB and WASP aerostats, utilize a secure, high strength tether line that remains connected to the ground for safe and reliable operations. DAC’s systems are intended to provide semi-persistent, mobile intelligence, surveillance, and reconnaissance (“ISR”) and extended communications for various applications. Each system can provide low cost, mobile ISR and mobile communications for days, weeks or months. BiB and WASP aerostats are currently in use in a number of U.S. Department of Defense (DoD) applications as well as at State and Local Police and Departments of Transportation where they provide silent, cost effective day and night monitoring and mobile communications.
According to the 10k DRNE filed on March 31 they have a strong cash position of $1.35 million with minimal debt. They also have small but fast growing revenues reporting $858,054 in sales for 2014.
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Currently trading at a $13 million market valuation DRNED has $1.2 million in the treasury, manageable debt and small but growing revenues. The Company sits on the cutting edge of the fast growing drone industry which is expected to grow to $4 billion in the next 10 years and has a billionaire as a major investor sitting on the BOD. We will be updating on DRNE when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with DRNE.
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Disclosure: we hold no position in DRNE either long or short and we have not been compensated for this article.