U.S. Environmental Protection Agency Purchases Aerostat and Operator Training from Drone Aviation
Newest EPA Order Follows Earlier Customized Winch System Award
JACKSONVILLE, Fla., Feb. 2, 2016 (GLOBE NEWSWIRE) -- Drone Aviation Holding Corp. (OTCQX: DRNE) ("DAC" or "Drone Aviation"), a manufacturer of tethered drones and lighter-than-air aerostats today announced that it has received a follow-on order from the United States Environmental Protection Agency ("EPA") for a helium-filled aerostat and related airborne equipment and operator training in Jacksonville, FL. The aerostat purchase follows a 2015 EPA contract awarded to DAC for a customized winch system and related equipment as part of the Agency's National Risk Management Research Laboratory (NRMRL) program for emissions sampling utilizing tethered aerostats.
Jay Nussbaum, Chairman of Drone Aviation Holding Corp., stated, "With this purchase by the EPA, we have further strengthened our relationship with this important government agency and continue to demonstrate the value of our tethered aerostat systems. Furthermore, we are providing operational training ensuring that the new systems are used safely and effectively in the NRMRL's aerial missions."
The NRMRL operates DAC's helium filled aerostats, winches and supporting hardware based on technologies developed for the WASP aerostat system. The WASP is a highly tactical and mobile aerostat system that provides ISR and communications range extension. The U.S. Army owns and operates WASP systems which have been utilized by the U.S. Army as a tactical battlefield solution that can support soldiers on the ground. Operating at ten times the height of the tallest U.S. Army tower system, the WASP system can significantly extend the range of communications in remote and austere locations. The soldier-operated systems can be rapidly configured to support a variety of mission requirements for days, weeks or months with customized payloads, including voice and data communications and day/night video.
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. (OTCQX: 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.
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 February 2, 2016