Drone Aviation Selected to Exhibit at SOFIC 2015, The Defense Industry's Premier Technology Exhibition
Company to Present WATT and WASP Tethered Drone Systems for Government and Military Attendees
JACKSONVILLE, Fla., March 9, 2015 (GLOBE NEWSWIRE) -- Drone Aviation Holding Corp. (OTCQB:DRNE), a developer of specialized lighter-than-air aerostats and tethered drones, today announced that its wholly owned subsidiary, Drone Aviation Corp. (DAC), been selected as a new exhibitor for the 2015 Special Operations Forces Industry Conference (SOFIC), to be held at the Tampa Convention Center in Tampa, FL from May 19, 2015 through May 21, 2015.
SOFIC is the defense industry's premier event, focusing on advancing defense industry technology solutions and building the global SOF alliance, attracting over 9,000 government and industry attendees. DAC will be presenting its lighter-than-air WASP tactical aerostat system and WATT, its newest electric tethered drone. The WASP and WATT are intended to provide semi-persistent, mobile intelligence, surveillance, and reconnaissance ("ISR") for various applications. DAC was selected via a competitive application process as one of 30 first time exhibitors for the 2015 event.
"More than ever, developments unfolding at home and abroad require today's armed forces to have access to real-time, cost-effective mobile intelligence, surveillance and communications without putting solders in harm's way, challenges uniquely addressed by our tethered drone technology," stated Felicia Hess, CEO of Drone Aviation Holding Corp. "Being selected to present at the SOFIC 2015 event is a milestone for DAC, allowing us the opportunity to showcase how our low cost tethered solutions can serve as a force multiplier without the cost and complexity associated with today's in-theater ISR solutions."
DAC develops and manufactures a portfolio of tethered aerial monitoring platforms including the WASP aerostat and WATT drone product lines. Both solutions utilize a secure, high strength tether line which remains connected to the ground. Each system can provide low cost, mobile ISR for hours, days, weeks or months. With the WASP, a mobile, tactical, turn-key aerostat system capable of carrying a variety of payloads in support of military operations in the field, troops gain a tactical edge allowing them to communicate over greater distances for prolonged operations. WATT is a complete turn-key system that can be launched within minutes of unpacking from a standard case stored in a host vehicle. When launched, WATT is designed to hover in a stationary position directly above its launch site at one of several preset altitudes of up to 300 feet. Once airborne, a highly stabilized military-grade/broadcast quality HD video imager can provide a 360° live aerial monitoring feed transmitted through the tether to its host vehicle while being wirelessly shared to a network of mobile devices such as tablets or laptop computers.
DAC systems have successfully participated in a series of U.S. Army Network Integration Experiments (NIEs) following deliveries to various Department of Defense customers including the U.S Army Space & Missile Defense Command (SMDC), the U.S. Army Rapid Equipping Force (REF), the Joint Improvised Explosive Device Defeat Organization (JIEDDO) and is undergoing troop training and rotational exercises at Folk Polk, LA. DAC was included in the U.S. General Services Administration ("GSA") Schedule through its existing distributor relationship with U.S. government prime contractor ADS Inc. ("ADS"). The GSA listing allows government customers to directly negotiate and acquire products and services from commercially-listed suppliers.
About Drone Aviation Holding Corp.
Drone Aviation Holding Corp. (DRNE) provides critical aerial and land based surveillance and communication solutions to government and commercial customers. Utilizing a unique tethering capability, WASP and BiB systems operate in the National Airspace within FAA guidelines. 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 Reports for the quarters ended March 31, 2014, June 30, 2014 and September 30, 2014.
This press release contains projections of future results and other 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. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.
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Released March 9, 2015