JACKSONVILLE, Fla.,
June 15, 2015 /PRNewswire/
-- Drone Aviation Holding Corp. (OTCQB: DRNE), a developer of
specialized lighter-than-air aerostats and tethered drones, today
announced that intelligence and drone technologist Louis F. Wise has been appointed to the newly
created position of chief science and technology advisor to Drone
Aviation's Board of Directors and management team. In this role,
Mr. Wise will assist the company in its product development and
contribute to expanding business development activities in the
commercial, government and military sectors.
Mr. Wise retired from the Central Intelligence Agency (CIA)
after a very successful 36 year career as a senior intelligence
officer. Working in CIA's Directorate of Science and
Technology, Mr. Wise was involved in many critical Intelligence
Surveillance and Reconnaissance (ISR) development programs. This
ranged from satellite to aircraft programs where real-time
information was delivered to support both tactical operations and
our national policy makers.
Mr. Wise was an early pioneer in Unmanned Aerial Vehicle (UAV)
development in the mid 1980's, long before others in the United States government adopted this
important new technology. In addition, Mr. Wise holds various
patents and was directly involved in the development of digital
imagery and communications technology used in national defense and
counter terrorism. Following his retirement from the CIA, Mr.
Wise was a senior scientist for Raytheon's Blackbird Technologies,
a leader in supporting the DoD and the intelligence community,
until his retirement in 2015.
Chairman Jay Nussbaum stated, "We
are honored that Louis, a Patriot to our country and one of the
early innovators in drone technology will be a part of our team as
we strive to build a first-class global drone company. It's
especially gratifying that an individual with Louis' impressive
wealth of experience and knowledge has validated our unique
tethered drone technology and agreed to join us following in depth
meetings with our technical staff."
Louis Wise said, "Throughout my
career, I have witnessed the impact that new technology can have on
communications, security and defense. Technology platforms like
tethered drones will certainly play a major role in the future of
Government and commercial activities because of their long
endurance and inherent safety. With almost 40 years of
working with and developing airborne collection platforms, I can
see countless applications for tethered drone technology, both at
home and abroad."
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, 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.
