UAV Corp. Secures
LOI for Multi-Unit Purchase of DART 600 Airship
Systems
Wewahitchka, FL -- March 4, 2025 --
InvestorsHub NewsWire -- UAV Corp. (OTC:
UMAV), a leader in unmanned aerial vehicle (UAV) and airship
technology, has secured a Letter of Intent (LOI) dated February
27, 2025 valued up to approximately $420
million for a multi-system purchase of
its DART 600 Series mid-altitude drone
airships. This landmark agreement, facilitated through UAV Corp.'s
subsidiary Skyborne Technology, Inc., represents
a major step forward in the company's expansion and market
positioning.
Multi-Unit DART 600
Airship Agreement
The LOI, signed with a consortium of
undisclosed entities following a visit
to Skyborne Technology's manufacturing
facilities in Gulf County, Florida, outlines the purchase of
multiple DART 600 airships. These advanced,
long-endurance airships feature hybrid fuel cell propulsion,
detachable drone systems, and cutting-edge tethering technology,
making them ideal for applications in
agriculture, border security, disaster relief,
communications, and surveillance.
Initial deliveries are scheduled to
begin in 2026, with production ramping up at
UAV Corp.'s Wewahitchka,
FL facility. Representatives from the
purchasing entities, along with key dignitaries, will return to
Gulf County to continue negotiations and finalize contract details
following successful test flights of
the DART SA70-12 airship as a milestone
requirement.
"This agreement is a testament to the
groundbreaking capabilities of our DART Series
airships and our ability to meet the growing
global demand for advanced aerial solutions,"
said Michael Lawson, CEO of UAV
Corp. "With additional contract
negotiations in progress for deals potentially
exceeding $1.5 billion, UAV Corp. is positioned
for rapid growth in the expanding UAV market."
Strategic Growth in
the UAV Industry
The $420 million
LOI strengthens UAV Corp.'s foothold in
the rapidly growing UAV sector. The global UAV market, valued
at $36 billion in 2024, is projected to
grow at a 16.5% compound annual growth rate
(CAGR) through 2037, driven by increased demand
for aerial surveillance, defense, and
commercial applications.
UAV
Corp.'s DART Series airships, with
their next-generation carbon-fiber
structures, automated recovery systems, and extended
station-keeping capabilities, are uniquely positioned to address
critical demands, including the U.S.'s $25 billion border security
initiative and other high-value global
applications.
About UAV
Corp.
UAV Corp. (OTC:
UMAV) specializes in the development
of manned and unmanned aerial vehicle
technologies, with a focus on high-altitude airships and
surveillance solutions for defense, homeland security, and
commercial sectors. Headquartered in Gulf County, Florida, UAV Corp.
operates through its subsidiary Skyborne Technology, Inc., driving
innovation in next-generation aerospace technologies.
Contact:
Michael Lawson, CEO
Email: mlawson@uavcorp.net
Address: 115 County Road 381,
Wewahitchka, FL 32465
Phone: 877-425-1066
Website: www.uavcorp.net
Forward-Looking
Statements:
This press release
contains forward-looking
statements as defined under
the Private Securities Litigation Reform
Act of 1995, including expectations
regarding contract completion, production
timelines, additional negotiations, and market expansion. These
statements involve risks and uncertainties that could cause actual
results to differ materially. UAV Corp. undertakes no obligation to
update these statements except as required by law.
