Drone Aviation Holding Corp. (OTCQB: DRNE) is targeting the expanding market for unmanned aerial systems through the development and manufacture of cost-effective, compact and rapidly deployable aerial platforms. Currently, the company supplies its unique and specialized aerial solutions to a collection of clients including the United States government, state municipalities and commercial entities. Unlike its competitors, DRNE’s tethered aerostat systems are completely legal to operate under current FAA guidelines, maintaining safe altitudes while offering unsurpassed flight duration and security.
The global demand for aerial drones is rapidly expanding in both the military and civilian sectors. According to Business Insider, the defense market for drones was more than $5 billion in 2013, and growth is expected to exceed 240 percent by 2023. Similarly, the civilian market for drones is forecasted to reach $2 billion during the same period, and the potential commercial applications for drones, ranging from ecommerce delivery to aerial advertising, gives the market near limitless potential moving forward.
Among DRNE’s current product line is the Winch Aerostat Small Platform, or WASP. Commonly used for applications ranging from network communications to surveillance, the aerostat is currently being utilized by the United States Army to enable network extension by elevating radio payloads to altitudes of up to 1,000 feet. Because of its cost effective construction and rapidly deployable design, WASP has opened the door for direct support of tactical maneuvers in the field.
“Existing capabilities are not only much larger but also much less mobile and operated by civilian contractors,” stated Jeff Faunce, a deputy of the Experiments Division at the USASMDC/ARSTRAT Battle Lab. “Adding a tactical-sized aerostat to the Army inventory potentially represents an inexpensive solution to extend the Army network to the tactical edge without the need for additional soldiers or the expense and logistics associated with contractors on the battlefield.”
As DRNE continues to expand and refine its product offerings, the company is in a strong strategic position to increase market share in both the military and civilian markets. In April, the company announced the receipt of an order for aerostat related support equipment for its products, further demonstrating the sustainability of DRNE’s business model in the years to come.
“We are proud to have the opportunity to work closely with our Government customers who utilize out platforms on an ongoing basis,” stated Felicia Hess, Chief Executive Officer of DRNE.
Moving forward, DRNE represents an intriguing opportunity for prospective investors. With a growing number of contracts with military organizations and the potential to expand its presence in the commercial market in the future, the company is in a strong strategic position to provide sustained returns for years to come.
For more information, visit www.droneaviationcorp.com
