Lieutenant General Michael T. Flynn Appointed Vice Chairman of Drone Aviation
Highly Decorated Army Intelligence Officer Joins Company's Strategic Advisory Board to Support Product Marketing and Development Activities
JACKSONVILLE, FL -- (Marketwired) -- 05/04/16 --
Drone Aviation Holding Corp. (OTCQX: DRNE) ("DAC" or "Drone Aviation"), a manufacturer of tethered drones and lighter-than-air aerostats, today announced Lt. General Michael T. Flynn (Ret.) has joined the Company as Vice Chairman of its Board of Directors, bringing with him over three decades of military and national intelligence leadership expertise. In this new role, Lt. Gen. Flynn will work with Drone Aviation's growing list of Department of Defense ("DoD"), government agency and commercial customers to harness the unique data collection, communications and surveillance capabilities of the Company's tethered tactical aerostat and drone platforms. General Flynn has also joined Drone Aviation's Strategic Advisory Board, which is composed of Jay Nussbaum, the Company's newly appointed Chief Executive Officer and Chairman, Dr. Phillip Frost, the Company's principal investor and Steven Rubin, where he will advise on business development and product capabilities, advancements and applications.
"I am honored to have the opportunity to work closely with General Flynn, a colleague and an individual I personally admire, to advance our growing DoD business, as we expand the tactical intelligence and data-gathering capabilities of our aerial platforms," said Jay Nussbaum. "General Flynn's invaluable experience and insights into the requirements of military intelligence and surveillance operations will help ensure that our tethered solutions, today and in the future, will continue to meet the needs of our soldiers and security forces at home and abroad as they respond to evolving threats."
Lt. General Flynn commented, "For over three decades I have been directly involved with supporting our fighting men and women through the collection and use of information and firmly believe that now, more than ever, the success of our national defense and the defense of our allies has never been more dependent on access to actionable intelligence and superior communications. I believe that there is a clear and growing need for novel and flexible solutions such as those produced by Drone Aviation that can assist our forces to adapt to the realities we are now facing around the world. Having evaluated the Company's technologies, I believe they can positively impact our military's defense and situational awareness and that is why I am joining Jay and his team in expanding the role of persistent aerial solutions in the marketplace."
Lieutenant General Michael T. Flynn (Ret.) served in the United States Army for more than 33 years. His career includes serving as the Director of the Defense Intelligence Agency, Commander of the Joint Functional Component Command for Intelligence, Surveillance and Reconnaissance, and Chair of the Military Intelligence Board. Earlier, he served as Assistant Director of National Intelligence. He has also served in a number of operational roles, with numerous combat arms, conventional and special operations senior intelligence assignments and also served as the senior intelligence officer for the Joint Special Operations Command. Lt. General Flynn is a published author, speaker, and media personality, with numerous articles, OPEDs, and interviews appearing in various U.S. and international media outlets. His first book, published by St. Martin's Press, is due out early Summer 2016 and is titled, The Field of Fight, How We Can Win The Global War Against Radical Islam and Its Allies.
Lt. General Flynn graduated from the University of Rhode Island with a Bachelor of Science degree in management science in 1981 and was commissioned a distinguished military graduate through the Reserve Officers' Training Corps. He also holds three master's degrees and two honorary doctorates. He is the recipient of the US Intelligence Community's Gold Seal Medallion, the Service to America Award from the Federal Law Enforcement Foundation, the Ellis Island Medal of Honor, the US Coast Guard Distinguished Public Service Award, the 2015 William Casey Medal of Honor and the first non-Navy recipient of the distinguished RADM Edwin T. Layton Award, as well as numerous other medals and awards for his service to nation. Lt. General Flynn is frequently called upon to testify to Congress on a variety of national security related matters. He has also lectured at numerous colleges and universities to include Duke, Harvard, Cambridge, Dartmouth, and Yale.
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, 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, 2015, 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.
Source: Drone Aviation Holding Corporation
Released May 4, 2016