JACKSONVILLE, Fla.,
May 5, 2015 /PRNewswire/ -- Drone
Aviation Holding Corp. (OTCQB: DRNE), a developer of specialized
lighter-than-air aerostats and tethered drones, today announced
that its wholly owned subsidiary, Drone Aviation Corp. (DAC), has
received an order from specialized defense contractor Troll Systems
for a set of Winch Aerostat Small Platform (WASP) aerostat systems.
Under terms of the award, DAC and Troll will jointly form a working
group to integrate the L-3 Wescam MX-10 advanced optical sensor
system into the WASP platform for an international customer. The
working group plans on commencing integration in May with initial
flight testing expected to take place by Q3 2015.
DAC develops and manufactures the WATT Electric Tethered Drone,
Blimp in a Box (BiB) and WASP aerostat product lines. The WATT
Tethered Drone, as well as the BiB and WASP aerostats, utilize a
secure, high strength tether line that remains connected to the
ground for safe and reliable operations. DAC's systems are intended
to provide semi-persistent, mobile intelligence, surveillance, and
reconnaissance ("ISR") and extended communications for various
applications. Each system can provide low cost, mobile ISR and
mobile communications for days, weeks or months. BiB and WASP
aerostats are currently in use in a number of U.S. Department of
Defense (DoD) applications as well as at State and Local Police and
Departments of Transportation where they provide silent, cost
effective day and night monitoring and mobile communications.
DoD-owned WASP systems are currently participating in sponsored
exercises and are part of future capability studies as part of the
DoD's evaluation of the WASP as a highly mobile, tactical aerostat
for ISR and communications. The DoD-owned WASP systems have
successfully completed operations in a series of the United States
Army Network Integration Experiments (NIEs) and have been
recognized by the Army as a tactical battlefield solution that can
support soldiers on the ground.
"Drone Aviation is pleased to partner with Troll Systems to
expand the capabilities of our WASP platform and to help them meet
the stringent requirements of their overseas customers," said
Felicia Hess, CEO of Drone Aviation
Holding Corp. "With the addition of the L-3 Wescam MX-10 optical
package, we are greatly expanding the operational capabilities of
the WASP tethered aerostat system, further demonstrating the
platform's ability to flexibly deliver simple, secure and cost
effective tactical surveillance and communications to
customers."
About Troll Systems
Troll Systems is an ISO
9001:2008 certified U.S. manufacturer of advanced microwave
datalink solutions. Sold worldwide to commercial broadcast, law
enforcement, military and government users, Troll has over 1,000
customers in more than 30 countries, including aircraft OEMs,
government agencies, commercial broadcasters, and prime DoD
contractors.
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 and in our Current Report on
Form 8-K filed with the SEC on June 5,
2014, as well as information about the Company in our
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Forward-Looking Statements
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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SOURCE Drone Aviation Holding Corp.
