DENVER, CO / ACCESSWIRE / March 4, 2015 / Valmie Resources (VMRI) announces it is accelerating the completion and testing of its V-1 Drone prototype. The commercial drone market expects an explosion of consumer demand now that the Federal Aviation Administration's (FAA) proposed regulations will provide a first step to integrating unmanned aerial vehicles (UAV's) into the U.S. airspace. The decision to fast track the V-1 Drone comes as venture firm investment in the space increases sharply in anticipation of industry growth.
Year-over-year funding for drone startups increased 104 percent in 2014 to more than $108 million as venture firms jumped into the space with sizable investment dollars, according to CB Insights data.
"In addition to the long-awaited FAA regulations, investors anticipate a rapid expansion of the industry as a result of fast-evolving advancements such as mapping, location and mobile technology, which have brought down prices," said Gerald B. Hammack, President and CEO of Valmie. "We are very encouraged about being part of this nascent yet powerful sector that will create jobs and stimulate economic growth."
Hammack said the removal of regulatory uncertainty was a major step forward for the U.S. commercial drone market, making it an attractive investment opportunity. "Now that we are no longer dealing with rumors and leaked information regarding the rules, investors can concentrate on supporting a better flying experience."
Valmie is in the final stages of developing its first-generation advanced UAV prototype and plans to collaborate with a Mexican company to supply drones for its crop monitoring operations in Central and South America. The suite will include Valmie's Software as a Service (SaaS) AIMD Platform, which will have the capability for robust customization to fit various applications. It will collect and send data from the unmanned vehicles' independent controller units back to a cloud-based modular resource network for aggregation and analysis. The AIMD Platform will have the capability to determine intervention thresholds, quickly route predetermined responses, communicate critical information to the operator, and in some cases deploy solutions in real time.
About Valmie Resources (VMRI)
Valmie Resources is a U.S. company actively pursuing opportunities for the commercialization of leading edge products and services in the rapidly expanding technology industry. Valmie seeks concepts with valid business models positioned to make a significant impact within the four key "megasectors" of technology: software, hardware, networking and semiconductors. Valmie brings operating talent, tools and leadership to emerging companies in these sectors, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.
For further information visit http://valmie.com.
Certain information provided in this press release constitutes forward-looking statements. The words "anticipate," "expect," "project," "estimate," "forecast," and similar expressions are intended to identify such forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. You can find a discussion of those risks and uncertainties in our EDGAR securities filings with the Securities and Exchange Commission. Such factors include, but are not limited to: general economic, market and business conditions; fluctuations in the technology market; the results of product development and the result of our efforts to develop strategic relationships, partnerships and potential acquisitions that are in line with our business model; outcome of partnership negotiations; the uncertainty of market estimates; changes in environmental and other regulations; risks associated with retail operations; and other factors, many of which are beyond the control of the Company. There is no representation by Valmie Resources that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Except as may be required by applicable securities laws, Valmie Resources assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
Valmie Resources, Inc.
Gerald B. Hammack, President and CEO
SOURCE: Valmie Resources, Inc.