Halberd Corporation Announces Finance and Insurance Agreement to Expand UAS Market
December 06 2012 - 1:44PM
Marketwired
Halberd Corporation (PINKSHEETS: HALB) and JC Funding II LLC
announce they have partnered to offer financing and Insurance to
facilitate Halberd's clients in contracting and purchasing UAS
carried by our platforms. This allows individuals and companies
without access to the vast resources of the military and other
government agencies to be able to purchase technologies needed to
perform the complex missions needed. The insurance allows for users
to replace equipment should a loss occur.
Halberd is continuing negotiations with industry partners and
various government agencies to broaden the company's depth in the
UAS market especially in the Precision Agriculture Industry. Due to
a change in FAA regulations, this allows for UAS platforms to weigh
55lbs which increases the payload capacity for Electronic Optics
and Infra Red technology required for agricultural applications and
a large untapped market for UAS.
Mr. Lowing also welcomes Nick Chaires as Vice President in
charge of Military procurement; Mr. Chaires has experience as an
Industry executive with 15 years' experience with corporate and
government sales. Most recently he was Director of Government,
Military and Education accounts and has procured multiple contracts
from the United States Department of Defense with all four branches
of the military as well as other government agencies for bases
around the world.
Mr. Chaires adds, "I am honored and excited to join the Halberd
team and look forward to working with the exceptional group of
people there."
Halberd Corporation is a provider of Unmanned Aerial Systems UAS
services, we have the technology, equipment, the expertise and the
manpower to service all UAS needs worldwide. Our services leverage
the state-of-the-art technologies with support without the burden
of hiring, training and maintaining a new division of a business or
department just for UAS operations, we provide all of these
contract services.
Safe Harbor Statement
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of Advanced Defense Technologies, Inc., and
members of their management as well as the assumptions on which
such statements are based. Prospective investors are cautioned that
any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to
management that could cause actual results to differ materially
from those in forward-statements include fluctuation of operating
results, the ability to compete successfully and the ability to
complete before-mentioned transactions. The company undertakes no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
CONTACT: Henry Liguori Email Contact
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