JACKSONVILLE, Fla.,
June 24, 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 been awarded an order from U.S. Government prime
contractor BAE Systems for parts and services related to enhancing
and supporting two WASP aerostat systems owned and operated by the
U.S. Army Space and Missile Defense Command Battle Lab (SMDCBL) for
upcoming Department of Defense (DoD) exercises. The upgrades and
services are designed to expand the payload weight capability of
the WASP tactical aerostat systems in order to integrate
specialized wireless electronics, advanced optics and a
communications package provided by L-3 Communication Systems-West
(L-3 CS-West). Under the terms of an agreement between DAC and L-3
CS-West, a working group has commenced on a technical integration
plan that includes integrating new technologies into the WASP and
jointly marketing the integrated solution.
The DAC and L-3 CS-West working group will focus on upgrading
the WASP system through the integration of an electro-optical and
infrared (EO/IR) imaging tactical surveillance system coupled to an
L-3 CS-West communications package, which will provide secure
high-definition video imagery to ground-based devices such as L-3's
Remote Operations Video Enhanced Receiver (ROVER). The enhanced
WASP systems and components are expected to be delivered to the
U.S. Army in July 2015 and will be
deployed in a month-long exercise to demonstrate the enhanced
battlefield capabilities of the wireless-enabled WASP tactical
aerostat system.
This upcoming DoD-sponsored exercise follows a previous U.S.
Army exercise where the working group successfully integrated an
L-3 CS-West wireless system, which was installed and flown on an
Army-operated DAC aerostat system at U.S. Army Fort Polk, LA. The exercise was designed to
demonstrate the effectiveness of distributing secure, live video
feeds from a tactical aerostat directly to ground-based mobile
devices such as One System Remote Video Terminals (OSRVTs) and
ROVER systems currently deployed with U.S. ground forces. OSRVTs
and ROVER systems are handheld or vehicle-mounted video and
telemetry systems that provide soldiers with enhanced situational
awareness, including real-time full-motion video data collected
from manned and unmanned platforms.
Felicia Hess, CEO of Drone
Aviation Holding Corp., stated, "The WASP system continues to
advance in its evolution to potentially becoming a leading mobile
tactical aerostat system for the military. The addition of the L-3
technology and team greatly expands the capabilities of the WASP
and we look forward to working closely with our customers and new
partners to provide the military with a unique solution designed to
meet today's evolving mission requirements."
The WASP is a highly tactical and mobile aerostat system that
provides communications range extension beyond that of normal
tactical relay antennas. Operating at ten times the height of the
tallest 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. The Army-owned WASP systems have successfully
completed operations in a series of Army Network Integration
Experiments (NIEs) and have been recognized by the Army as a
tactical battlefield solution that can support soldiers on the
ground.
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.
