Drone Aviation Holding Corp Issues Letter to Shareholders
09 Giugno 2014 - 3:00PM
Marketwired
Drone Aviation Holding Corp Issues Letter to Shareholders
Company to Enter the Aerospace Sector With Industry Leading
Products
JACKSONVILLE, FL--(Marketwired - Jun 9, 2014) - Drone Aviation
Holding Corp. (PINKSHEETS: DRNE), (formerly, MacroSolve, Inc.),
("Drone" or the "Company"), a developer of specialized tethered
drones and lighter-than-air aerostats, announces it has issued a
letter to shareholders.
June 9, 2014
Dear Shareholders:
I'd like to take this opportunity to inform you about our June
3, 2014 acquisition of Drone Aviation Corp. We decided to pursue
this business opportunity after receiving an adverse action by the
United States Patent and Trademark Office on patents we have been
licensing and entering into venture agreements with third parties
to exploit. As a result of the decision, several transactions and
management changes have taken place over the past two months with
the end result being that our company presently owns a 100%
controlling interest in Lighter Than Air Systems, Inc. (LTAS) of
Jacksonville, Florida, a company doing business since 2009.
Our company is now in the additional business of aerial
surveillance and communications. An industry leader, we provide
cost-effective aerial systems to government, law enforcement,
military and private sector customers. Our systems are unique in
that our proprietary tethering technology allows our systems to be
flown within FAA guidelines, a benefit over other free flying
drones.
Our flagship products are the Blimp in a Box (BiB) and the Winch
Aerostat Small Platform (WASP). These products support a gap in the
military's communications and surveillance needs which exists
despite billions of dollars already spent on advanced satellites,
airplanes, drones, blimps and aerostats. Our products are tactical
aerial assets which we believe can be rapidly and safely deployed
and are in operation and undergoing evaluation by a number of
military and law enforcement agencies. Through the U.S. Army Space
and Missile Defense Command, two of our WASP systems have recently
been placed into a series of the Army's Network Integration
Experiments (NIEs) where our systems provide secure data and voice
communications in areas generally unreachable by other means. Our
BiB systems have been placed for training and evaluation at the
U.S. Army base Fort Polk Garrison to support aerial surveillance
for soldiers. We recently supplied a non-military BiB system to a
state Department of Transportation to support various public safety
initiatives.
We also recently announced we had
closed a $1.35 million private placement of our securities. We
anticipate using the net proceeds to provide LTAS with working
capital to expand sales and marketing efforts and for research and
development. We are currently developing our next generation of
specialized electric tethered drones which are designed to take
off, hover and land via remote control while connected by a unique
tether technology where all data, controls and endurance are built
into the tether. This is an exciting time to be in this burgeoning
industry. We thank our loyal shareholders who have believed in us
and we remain focused on seeking to reward that loyalty with solid
returns.
Respectfully,
Felicia Hess Chief Executive Office
About Drone Aviation Holding Corp.
Drone Aviation Holding Corp. (DRNE) provides critical aerial and
land based surveillance and communications solutions to government
and commercial customers. Utilizing a unique tethering capability,
drone systems operate in the National Airspace within FAA
guidelines for safe operations. Drone systems are designed and
developed in-house utilizing proprietary technologies and processes
that result in compact, rapidly deployable aerostat solutions and
mast based systems that have been proven to fulfill critical
requirements by the military and law enforcement in the U.S. and to
our allies around the world. 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, 2013 and in our Current Report on Form 8-K filed
with the SEC on June 5, 2014, as well as our Quarterly Report for
the quarter ended March 31, 2014 filed May 8, 2014 and our Current
Report on Form 8-K filed with the SEC on May 5, 2014 related to the
transactions
Safe Harbor Statement
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.
Contacts: Drone Aviation Holding Corp. 918-932-2000
Kendall Carpenter kcarpenter@DroneAviationCorp.com
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