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Raven Industries Inc. Message Board

  • steve_382n steve_382n Mar 4, 2014 2:55 PM Flag

    FB to compete with Loon

    Tried to post this earlier today, but Yahoo deleted the post. Perhaps this is more significant than I thought. Question is, are drones better than balloons? Also, does this put Raven in play?

    Facebook (FB) reportedly is in negotiations to buy solar-powered drone maker Titan Aerospace to provide sky-based Internet services in Africa and other underserved markets.

    Titan's price tag could be around $60 million, sources told TechCrunch late Monday. Titan's solar-powered unmanned vehicles can stay in the sky for as long as five years. Facebook has been active in the initiative to provide affordable Internet access to the world's five billion people who lack it.

    Google (GOOG) has its own aerial Internet effort for emerging markets — Project Loon — that proposes using solar-powered balloons.

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    • We need to hope the Republicans win in November and Immigration reform includes a strong border enforcement. For persistence surveillance, nothing beats an Aerostat. Any serious attempt to control the flow of people into this country to those with a legal basis will require persistent area surveillance, since manpower it too expensive and not as efficient. That need will help drive sales.

    • I posted a couple of interesting links on the Investor Village site. There were 7 Loons up at one time a couple days ago.

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