- Measure to Operate WATT-200 Tethered Drone and Will Commence Joint Sales and Demo Program -
JACKSONVILLE, FL and WASHINGTON, DC – January 25, 2016 – Drone Aviation Holding Corp. (OTCQX: DRNE) (“DAC” or “Drone Aviation”), a manufacturer of tethered drones and lighter-than-air aerostats and Measure UAS Inc. ("Measure"), the nation’s leading operator of drones, today announced a partnership for sales, operations, training and support of the WATT-200 tethered drone. Measure has been granted a 333 exemption by the Federal Aviation Administration (FAA) to operate the Drone Aviation WATT-200 tethered drone for their Drone as a Service® operations.
Under the partnership, Drone Aviation and Measure will jointly support sales demonstrations, commercial operations, as well as customer training and support of the WATT-200 tethered drone for the commercial marketplace.
In the past year, Measure has established itself as the pre-eminent provider of Drone as a Service® with a focus on the agriculture, energy, insurance, and infrastructure inspection industries. In early September 2015, Measure received approval from the FAA to operate more drone platforms than any other commercial operator in the nation. Measure has partnered with leading organizations to demonstrate and quantify the return on investment for commercial drone services, including work with both the American Red Cross and the American Farm Bureau Federation. In addition, as the only drone company based in Washington, D.C., Measure is a leading voice in the development of commercial drone regulation.
Jay Nussbaum, Chairman of Drone Aviation, stated, "As one of the nation’s leading drone operators, Measure is an ideal partner and customer to assist us in the commercial launch of our WATT-200 tethered drone. Our team is looking forward to jointly supporting live customer events utilizing our WATT-200 and to begin sales demonstrations of our tethered drone technology to our growing pipeline of potential new customers.”
Brandon Torres Declet, CEO & Co-Founder of Measure, added, “Measure is committed to harnessing the power of innovative drone technology to provide customers with powerful turnkey solutions and the capabilities of the WATT-200 will help us to continue delivering on our promise.”
DAC’s WATT-200 is engineered and manufactured to operate in urban environments and securely provide live, broadcast-quality aerial video. The unique, high-strength armored tether connects the aerial vehicle to a ground power source for long flight durations and acts as a leash for additional safety. Unlike hobbyist consumer and “prosumer” drones, the WATT-200 delivers commercial grade, highly-stabilized HD video even in adverse weather conditions. The robust and easy to operate design of WATT’s hardware and software systems are based on years of experience gained from delivering tethered aerostat systems to various U.S. Government and Army customers. The WATT series of systems are intended for a wide range of applications including newsgathering, emergency first responder/search and rescue, military and border protection.
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, as well as information about the Company in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Measure is the world’s leading Drone as a Service® company with Federal Aviation Administration approval to fly more than 200 different types of drones for a broad range of commercial applications. We provide turnkey solutions to acquire, process, and deliver cost-effective, actionable aerial data to enterprise customers. We don’t make drones. We make drones work. Please visit www.measure.aero.
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.