Drone Aviation Holding Corp., manufacturer of tethered drones and lighter-than-air aerostats, announced today that it has delivered two of its enhanced Winch Aerostat Small Platform ("WASP XL") aerostat systems under an order placed by a specialized defense contractor customer in May 2015.
The delivery included two custom-engineered WASP XL aerostat systems and supporting equipment designed to accommodate larger payloads such as an L-3 Wescam MX-10 advanced optical sensor system to be provided by the customer. The WASP XL systems are designed to provide customers with mission critical intelligence, surveillance and reconnaissance ("ISR") capabilities.
Jay Nussbaum, Chairman of Drone Aviation Holding Corp., said, "The WASP XL is the result of a specialized engineering collaboration with our defense contractor partner to enhance the versatility of our tactical aerostat platforms with the ability to utilize specialized payloads such as the MX-10. Thanks to advanced payload integration, the WASP line of tactical aerostats continues to demonstrate their ability to cost-effectively deliver enhanced ISR capabilities in support of critical monitoring operations."
The WASP is a highly tactical and mobile aerostat system that provides ISR and communications range extension beyond that of normal tactical relay antennas. The U.S. Army-owned WASP systems have successfully completed operations in a series of Army Network Integration Experiments (NIEs) and 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.
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.