Drone Aviation to Unveil Expanded WATT Product Line of Tethered Drones at AUVSI Unmanned Systems 2015 Conference
Company Unveiling to include WATT-200 and New WATT-300 Models for Commercial Applications
JACKSONVILLE, Fla., April 2, 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), will unveil the WATT-200 and WATT-300 tethered drone system at the Association for Unmanned Vehicle Systems International (AUVSI) Unmanned Systems 2015 Conference and Tradeshow in Atlanta, GA May 4-7, 2015.
The Company is hosting product briefings at its booth, #550 throughout the event, highlighting key features of the WATT system including the airborne systems , its Ground Power Module (GPM), automated smart winch system with automated tension control, WATT's command and control systems, as well as multiple military-grade payloads supported by the WATT 200 and WATT 300 tethered drones.
The WATT line of commercial tethered drones leverage years of military flight expertise to provide a system that can be operated in a wide range of operational conditions. WATT is focused on providing safe and reliable, long endurance commercial monitoring operations through the utilization of simplified tablet-based controls which manage power, data and telemetry transmitted to and from the aircraft via an Kevlar-armored tether. For extended duration operations, power can be provided from a vehicles' power system or generator connected to the uninterruptable GPM. The Company believes that this unique system allows WATT to lift much heavier, military-capable payloads for hours, significantly longer and more safely than similar sized battery powered free flying drones only capable of supporting small, consumer-grade camera systems for short durations.
"The commercial interest in drones from virtually every sector of the economy from broadcast media, agriculture, construction, facilities management and security to Federal and Civil Government, creates a tremendous potential market for drones that can deliver cost-effective, long duration operation with truly commercial-grade payload capabilities like those delivered by our WATT products," said Felicia Hess, CEO of Drone Aviation Holding Corp. "We are excited to attend one of the industry's largest events dedicated to advancing innovation in drone and unmanned systems and demonstrate the unique capabilities of our WATT system," added Ms. Hess.
AUVSI's Unmanned Systems 2015 convenes the largest global community of commercial and defense leaders in intelligent robotics, drones and unmanned systems, powered by AUVSI. The Association for Unmanned Vehicle Systems International is the world's largest non-profit organization devoted exclusively to advancing the unmanned systems and robotics community. Serving more than 7,500 members from government organizations, industry and academia, AUVSI is committed to fostering, developing, and promoting unmanned systems and robotic technologies. AUVSI members support defense, civil and commercial sectors. For more information on AUSVI, please visit http://www.auvsi.org/Home/.
About Drone Aviation Holding Corp.
Drone Aviation Holding Corp. (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 proprietary tether system, the Company's products are designed to provide prolonged operational duration capabilities combined with improved reliability, uniquely fulfilling critical requirements in military, law enforcement and commercial and industrial applications. 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, 2014 and in our Current Report on Form 8-K filed with the SEC on June 5, 2014, as well as information about the Company in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
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 April 2, 2015