Drone Aviation Holding Corp. (OTCQB: DRNE) is targeting the
expanding market for unmanned aerial systems through the development and
manufacture of cost-effective, compact and rapidly deployable aerial platforms.
Currently, the company supplies its unique and specialized aerial solutions to
a collection of clients including the United States government, state
municipalities and commercial entities. Unlike its competitors, DRNE’s tethered
aerostat systems are completely legal to operate under current FAA guidelines,
maintaining safe altitudes while offering unsurpassed flight duration and
security.
The global demand for aerial drones is rapidly expanding in
both the military and civilian sectors. According to Business Insider, the
defense market for drones was more than $5 billion in 2013, and growth is
expected to exceed 240 percent by 2023. Similarly, the civilian market for
drones is forecast to reach $2 billion during the same period, and the
potential commercial applications for drones, ranging from ecommerce delivery
to aerial advertising, gives the market near limitless potential moving
forward.
Among DRNE’s current product line is the Winch Aerostat
Small Platform, or WASP. Commonly used for applications ranging from network
communications to surveillance, the aerostat is currently being utilized by the
United States Army to enable network extension by elevating radio payloads to
altitudes of up to 1,000 feet. Because of its cost effective construction and
rapidly deployable design, WASP has opened the door for direct support of
tactical maneuvers in the field.
“Existing capabilities are not only much larger but also
much less mobile and operated by civilian contractors,” Jeff Faunce, a deputy
of the Experiments Division at the USASMDC/ARSTRAT Battle Lab, stated in the
news release. “Adding a tactical-sized aerostat to the Army inventory
potentially represents an inexpensive solution to extend the Army network to
the tactical edge without the need for additional soldiers or the expense and
logistics associated with contractors on the battlefield.”
As DRNE continues to expand and refine its product
offerings, the company is in a strong strategic position to increase market
share in both the military and civilian markets. In April, the company
announced the receipt of an order for aerostat related support equipment for
its products, further demonstrating the sustainability of DRNE’s business model
in the years to come.
“We are proud to have the opportunity to work closely with
our Government customers who utilize out platforms on an ongoing basis,” stated
Felicia Hess, Chief Executive Officer of DRNE.
Moving forward, DRNE represents an intriguing opportunity
for prospective investors. With a growing number of contracts with military
organizations and the potential to expand its presence in the commercial market
in the future, the company is in a strong strategic position to provide
sustained returns for years to come.
For more information, visit www.droneaviationcorp.com
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