Drone Aviation Receives Award for Sustainment Equipment Purchased by the U.S. Department of Defense
25 June 2014 - 11:00PM
Marketwired
Drone Aviation Receives Award for Sustainment Equipment Purchased
by the U.S. Department of Defense
Parts and Equipment Support Ongoing Soldier Training and
Rotational Exercises
JACKSONVILLE, FL--(Marketwired - Jun 25, 2014) - Drone Aviation
Corp., a wholly owned subsidiary of Drone Aviation Holding Corp.
(the "Company") (PINKSHEETS: DRNE), a developer of specialized
lighter-than-air aerostats and tethered drones, has announced that
Lighter Than Air Systems Corp. ("LTAS"), its wholly owned
subsidiary, has received an award from U.S. Government prime
contractor ADS Inc. ("ADS"). 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.
The highly mobile BiB-250 tethered aerostat systems are intended
to provide semi-persistent, mobile intelligence, surveillance and
reconnaissance ("ISR") at the platoon level with minimal troop
requirements. The BiB-250 systems provide real-time day/night high
definition footage for ISR, detection of hostile activity,
improvised explosive devices, border security and other
governmental and civilian uses. Unlike larger, complex,
stadium size moored aerostats, or smaller, limited endurance free
flying drones, the tactical BiB-250 system can provide low cost,
mobile ISR for days, weeks or months with minimal costs and limited
operational footprint and human requirement.
Drone Aviation Holding Corp.'s CEO Felicia Hess stated, "We are
excited that LTAS has been selected to provide additional
sustainment equipment for the BiB-250 systems at Ft. Polk. We
will continue to work closely with our government customers to
ensure the soldiers have all of the equipment they require to
operate the BiB systems throughout the ongoing training and
exercises at Ft. Polk."
LTAS was issued the award by ADS, which currently services U.S.
Military & DOD Agencies, Federal Agencies, Defense Contractors,
Law Enforcement & Public Safety, Fire & Emergency Services
and Foreign Military & Government. ADS provides operational and
tactical equipment to or for use by customers such as the United
States Government and its various agencies and departments and
other non commercial customers.
About Drone Aviation Holding Corp.
Drone Aviation Holding Corp. (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. For more information about Drone
Aviation Holding Corp please visit www.DroneAviationCorp.com, or
view our reports and filings with the Securities and Exchange
Commission on http://www.sec.gov, including the Risk Factors
included in our Annual Report on Form 10-K for the fiscal year
ended December 31, 2013 and in our Current Report on Form 8-K filed
with the SEC on June 5, 2014, as well as our Quarterly Report for
the quarter ended March 31, 2014 filed May 8, 2014 and our Current
Report on Form 8-K filed with the SEC on May 5, 2014 related to the
transactions.
Forward-Looking Statements
This press release contains certain forward-looking statements
that involve a number of risks and uncertainties and are made
pursuant to the Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995. These statements include those
regarding Drone's relationships with the Army, ADS or others and
our ability to continue and/or expand such relationships, the
capabilities, characteristics and advantages of, and costs related
to, the Drone aerostat systems or components, the suitability of
the Drone aerostat systems or components for any particular
application, the ability of the Drone aerostat systems, kits or
components to satisfy customer demands or requirements or meet any
specific challenges, the ability of the Drone aerostat systems or
components to function in accordance with their design
expectations, the further advancement, development or
commercialization of any of Drone's products, the ability of Drone
to secure further business with the Army, ADS or other new
customers or grow revenues, and the ability of Drone to execute on
its strategies or to accomplish any of its goals or objectives. The
words "forecast," "project," "intend," "expect," "plan, " "should,"
"would," and similar expressions and all statements, which are not
historical facts, are intended to identify forward-looking
statements. These forward-looking statements involve and are
subject to known and unknown risks, uncertainties and other
factors, any of which could cause the Company to not achieve some
or all of its goals or the Company's previously reported actual
results, performance (finance or operating) to change or differ
from future results, performance (financing and operating) or
achievements, including those expressed or implied by such
forward-looking statements. Important factors that may cause
results and outcomes to differ materially from those contained in
these forward-looking statements included in this press release are
described in our publicly filed reports. The Company assumes no,
and hereby disclaims any, obligation to update the forward-looking
statements contained in this press release.
Contacts: Drone Aviation Holding Corp 918-932-2000
Kendall Carpenter kcarpenter@DroneAviationCorp.com
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