|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.7950 - 0.8900|
|52 Week Range||0.3610 - 1.0900|
|Beta (3Y Monthly)||1.36|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a manufacturer of tethered drones and lighter-than-air aerostats, today announced that it is increasing its production capacity through a new partnership with an established ISO 9001-certified manufacturer and planned expansion of operations in Florida. Following the recent multi-million-dollar award, Drone Aviation has secured contract manufacturing operations at an ISO 9001-certified partner who will support the Company to meet its customer’s delivery schedules throughout 2019. To accommodate potential growth, the new contract manufacturing facility has access to over 100,000 square feet of additional production and warehousing space, including flight testing facilities.
Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a manufacturer of tethered drones and lighter-than-air aerostats today announced that it was selected by a prime contractor under an initial $3.8 million award. Additionally, the Company has solidified its cash position with the closing of an initial $2 million in equity capital to support the recently awarded contract. “This multi-million-dollar award is a testament to the hard work of our dedicated team and validates the tremendous opportunity we envision for the Company,” said Jay Nussbaum, Chairman and CEO of Drone Aviation.
Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a manufacturer of tethered drones and lighter-than-air aerostats, today announced that it has reached agreement with Jay Nussbaum, Chairman and CEO, and the holders of its Secured Convertible Promissory Notes Series 2016 and Series 2017-2018 (the “Notes”), to convert the Notes to common stock. Mr. Nussbaum stated, “Solidifying our balance sheet through the elimination of all the Company’s convertible debt is a key milestone as we prepare Drone Aviation for the next phase of its expansion. 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.
Distributed by partners such as Drone Nerds and in collaboration with state and local first responders and partners, FUSE continues to expand the operational footprint of tethered operations into nighttime missions recently supporting Arizona and Florida-based law enforcement departments for safety monitoring of festivals and an array of large outdoor gatherings. The Oro Valley Police department in Arizona has completed several operational flights utilizing FUSE, highlighted by its use at a large outdoor music festival attended by over 8,000 music fans. To learn more about how the FUSE Tether System can assist law enforcement and public safety organizations at large outdoor events, please find a new informational video at the Company’s website here or at Drone Aviation’s YouTube channel.