JACKSONVILLE, FL, Aug. 28, 2017 (GLOBE NEWSWIRE) -- Drone Aviation Holding Corp. (OTCQB: DRNE) (“Drone Aviation” or the “Company”), a manufacturer of tethered drones and lighter-than-air aerostats, and Drone Nerds, Inc. (“Drone Nerds”) ( www.dronenerds.com), the largest commercial drone sales and service organization in the United States, have partnered to launch the first commercial sales program for the FUSE Tether System designed for the DJI Inspire 2 and new Matrice 200 (M200) professional drones.
|
||||||||
The new program will focus on commercial end-uses including security and monitoring of facilities such as power plants, ports, and bridges as well as by public safety, law enforcement and newsgathering organizations. Additionally, the program also will highlight the role of tethered drones in critical infrastructure inspection and Enterprise Asset Management (EAM). For these applications, enhanced flight duration along with high quality imaging systems such as the M200’s Zenmuse Z30 aerial camera with 30x optical zoom, makes image data collection faster, providing critical, real-time information to users ( click here for a video presentation on benefits of tethered drones in EAM).
“As the largest DJI-authorized reseller of drone hardware and services in the United States, Drone Nerds is an ideal partner for Drone Aviation, allowing us to expand the market for our tethered aerial solutions beyond the military into the commercial sector,” said Jay Nussbaum, Chairman and CEO of Drone Aviation Corp. “Drone Nerds is the latest example of aligning our business with established channel partners to leverage our patented technology and create new revenue opportunities for the Company, in particular, the large and growing commercial marketplace.”
According to Goldman Sachs’ research report, “Drones Reporting for Work”, the firm is forecasting a $100 billion market opportunity during the period from 2016 to 2020 for drones helped by growing demand from the commercial and civil government sectors. Commercial/professional drones are currently used in applications, including agriculture, infrastructure inspection, monitoring and security, and land surveying, as well as by news gathering organizations and first responders such as law enforcement and fire departments.
“Our commercial drone customers have been seeking a solution to the challenge of limited flight time and with the FUSE Tether System for the DJI Inspire 2 and new M200 drones, we are now able to address an unmet critical need. By partnering with Drone Aviation, we are bringing this unique and compelling solution to this growing market and significantly improving the effectiveness of drone technology for commercial customers,” added Jeremy Schneiderman, CEO of Drone Nerds, Inc.
The FUSE Tether System is comprised of a customized, patent-pending power pack and an Automated Smart Tension Control Winch Case with 200ft. of tether supporting 110-volt ground power sources including portable generators. With the FUSE tethering system, DJI Inspire 2 and M200 users can now dramatically and cost-effectively increase drone flight time with uninterrupted power from the ground while benefiting from improved safety. Safety is enhanced by FUSE’s use of an onboard backup power pack and tether connected to the Company’s proprietary automatic tether tension management system. FUSE is based on the same military-grade advanced technology utilized in the Company’s tethered products sold to the U.S. Department of Defense.
To learn more about the FUSE Tether System or to place an order, please visit Drone Nerd’s website here and follow Drone Aviation Corp. on Facebook, Twitter and now on Instagram and YouTube for news and updates!
About Drone Aviation Holding Corp.
Drone Aviation Holding Corp. (OTCQB: DRNE) develops and manufactures cost-effective, compact and rapidly deployable aerial platforms, including lighter-than-air aerostats and electric-powered drones designed to provide government and commercial customers with enhanced surveillance and communication capabilities. Utilizing a patented tether system, Drone Aviation’s products are designed to provide prolonged operational duration capabilities combined with improved reliability, uniquely fulfilling critical requirements in military, law enforcement, commercial, and industrial applications. For more information about Drone Aviation, please visit www.DroneAviationCorp.com or view our reports and filings with the Securities and Exchange Commission at http://www.sec.gov, including the Risk Factors included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, as well as information in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
About Drone Nerds, Inc.
Drone Nerds specializes in the supply of high-end drones for a variety of commercial, private, and recreational needs. A leading DJI-authorized service center, Drone Nerds is able to deliver the highest quality drones at the highest quality service. Whether customers require drones for aerial filming, videography, surveying, or anything else, Drone Nerds has the drones available to suit your needs. With an extensive product range as well as custom drone solutions available, Drone Nerds can help you choose the perfect product or our engineers can design one specifically for you! Drone Nerds is also the largest distributor of drones in the US, boasting the largest inventory of drones in the nation.
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as “believe,” “expects,” “may,” “will,” “should,” “plan,” “intend,” “on condition,” “target,” “see,” “potential,” “estimates,” “preliminary,” or “anticipates” or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking statements in this release include, but are not limited to, those relating to: commercial acceptance and interest in drone technology and FAA regulations concerning commercial operations of drones. The Company’s financial results and the forward-looking statements could be affected by many factors, including, but not limited to, demand for the Company’s products and services, economic conditions in the U.S. and worldwide, changes in appropriations by Congress and reduced funding for defense procurement and research and development programs, and our ability to recruit and retain management, technical, and sales personnel. Further information relating to factors that may impact the Company’s results and forward-looking statements are disclosed in the Company’s filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
