Drone Aviation Awarded Customized Winch Order from the EPA
New Winch Units to Support EPA's National Risk Management Research Laboratory Tethered Aerostat-Based Emissions Sampling Program
JACKSONVILLE, Fla., Aug. 26, 2015 (GLOBE NEWSWIRE) -- Drone Aviation Holding Corp. (OTCQB:DRNE) ("DAC" or "Drone Aviation"), a manufacturer of tethered drones and lighter-than-air aerostats, announced today that it has been awarded an order from the United States Environmental Protection Agency ("EPA") for customized winch systems and related equipment for use at the Agency's National Risk Management Research Laboratory (NRMRL) as part of its on-going emission sampling program utilizing tethered aerostats. The Company expects to complete winch manufacturing and deliver the units to the EPA by mid-October 2015.
Jay Nussbaum, Chairman of Drone Aviation Holding Corp., stated, "We are pleased to have been awarded this contract to supply our customized winch systems following a competitive bidding process. As an experienced developer and manufacturer of tethered aerostats and tethered drones, we understand the critical importance of winch systems to the safe and reliable operation of these platforms and look forward to supporting the NRMRL in their important mission."
A critical element in tethered aerial platform operation for both heavier-than-air drones and lighter-than-air aerostat systems is the control and management of the tether during vehicle launch, flight and retrieval. DAC has years of military experience with its WASP (Winch Aerostat Small Platform) tactical aerostats currently in use by the U.S. Army which has provided it with the background for its winch development and which it has also applied to its forthcoming commercial tethered drone, the WATT. WATT features a "smart," active tension control winch system that intelligently manages tether slack, automatically compensating for both drone operation and environmental conditions such as wind providing ease-of-use with enhanced safety.
The NRMRL has conducted aerial sampling of emissions since 2010 using tethered aerostats carrying gas and particle sampling instruments to an altitude of up to 400 feet to capture emissions from sources as diverse as waste fires, burning oil plumes, and forest fire smoke.
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, 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, 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.
CONTACT: Michael Glickman MWGCO, Inc. 917-397-2272 firstname.lastname@example.org
Released August 26, 2015