DRNE - Drone Aviation Holding Corp.

Other OTC - Other OTC Delayed Price. Currency in USD
0.8790
-0.1310 (-12.97%)
As of 10:11AM EDT. Market open.
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Previous Close1.0100
Open0.8790
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.8790 - 0.8790
52 Week Range0.3610 - 2.0000
Volume465
Avg. Volume5,462
Market Cap24.222M
Beta (3Y Monthly)3.50
PE Ratio (TTM)N/A
EPS (TTM)-0.3680
Earnings DateAug 14, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • GlobeNewswire

    Drone Aviation Appoints David V. Aguilar as Chairman of the Board, Dan Erdberg as Chief Executive Officer

    Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a manufacturer of specialized tethered aerial monitoring and communications platforms serving national defense and homeland security customers, announced today that following the passing of its Chairman and CEO, Jay Nussbaum, on August 31, 2019, it has implemented a management succession strategy, appointing current board member, David V. Aguilar, as Chairman and appointing its current President, Dan Erdberg, to the position of Chief Executive Officer and director. Mr. Aguilar, who formerly served as the Acting Commissioner of U.S. Customs and Border Protection until his retirement in 2013, was named to Drone Aviation’s Board of Directors in January 2017.

  • GlobeNewswire

    Drone Aviation Receives Allowance of Patent for Conversion of Battery-Powered Drones into Ground-Powered Tethered Drones

    Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a manufacturer of specialized tethered aerial monitoring and communications platforms serving national defense and homeland security customers, announced today it has received a Notice of Allowance from the US Patent and Trade Mark Office (USPTO) for the system and method of converting onboard battery-powered free flight drones into ground-powered tethered drones. The filed patent entitled, “System for Converting a Safeguarded Free Flight Onboard Battery-Powered Drone to a Ground-Powered Tethered Drone,” outlines the proprietary system and technology that allows the conversion of battery-powered free-flying drones into a tethered drone system with ground-based power. The new power conversion technology enables extended flight durations and improved safety using ground-based power for commercial and recreational drones.

  • GlobeNewswire

    Drone Aviation Announces Profitable 2019 Second Quarter Results

    Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a developer of specialized, tethered aerial monitoring and communications platforms serving national defense and homeland security customers, today announced its first-ever profitable financial results for the second quarter ended June 30, 2019.

  • GlobeNewswire

    Drone Aviation Delivers Initial Set of WASP Aerostats in Support of United States Border Patrol; U.S. Customs and Border Protection

    JACKSONVILLE, FL, Aug. 13, 2019 -- Drone Aviation Holding Corp. (OTCQB: DRNE) (“Drone Aviation” or the “Company”), a manufacturer of specialized tethered aerial monitoring.

  • GlobeNewswire

    Drone Aviation Delivers on $1.1 Million WASP Lite Contract for U.S. Army

    Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a developer of specialized, tethered aerial monitoring and communications platforms serving national defense and homeland security customers, today announced that it has completed a U.S. Army safety and performance review and delivered multiple WASP Lite aerostat systems to the customer under the $1.1 million award announced in May 2019. The first-of-its-kind, the WASP Lite systems successfully completed extensive customer operational flight safety and performance testing in Jacksonville and were then shipped to the U.S. Army for transportation to currently deployed ground forces. In contrast to expensive large aerostat systems, WASP Lite is a new generation of easily transportable and operationally mobile aerostats, the results of significant collaborative product development, testing and operational evaluations conducted with the U.S. Army.

  • GlobeNewswire

    Drone Aviation Selected by Prime Contractor for Additional $1.7 Million Award

    Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a manufacturer of tethered drones and lighter-than-air aerostats, announced today that it has been selected by a prime contractor for an additional award valued at approximately $1.7 million. This award is a follow-on to the $3.8 million contract awarded to Drone Aviation by this same prime contractor in January 2019, bringing the total award value to approximately $5.5 million. “We are honored to have been chosen for this follow-on award by our prime contractor,” said Jay Nussbaum, Chairman and CEO of Drone Aviation.

  • GlobeNewswire

    U.S. Army Selects Drone Aviation’s Enhanced WASP Lite Aerostat System for Multi-Unit Award

    Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a developer of specialized, tethered aerial monitoring and communications platforms serving national defense and homeland security customers, announced today that it has received its first contract award for its newly designed aerostat product, the WASP Lite, from a U.S. Army customer. WASP Lite is the culmination of significant product development and testing that successfully completed training and operational evaluations conducted at multiple U.S. Army bases.

  • GlobeNewswire

    Drone Aviation to Present at the 2019 Spring Investor Summit on April 1, 2019

    Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a developer of specialized, tethered aerial monitoring and communications platforms serving national defense and security customers, today announced that Dan Erdberg, President of Drone Aviation, will be a featured presenter at the Spring Investor Summit on Tuesday, April 1, 2019 at 9:30 AM Eastern Time. The conference is being held at the Essex House in New York City. Mr. Erdberg will provide an overview of the Company’s business model and growth strategy and will be available for one-on-one meetings.

  • GlobeNewswire

    Drone Aviation Upgrades U.S. Army-Owned WASP Aerostat with Advanced Solider Communications Technology

    Drone Aviation Holding Corp. (DRNE) (“Drone Aviation” or the “Company”), a developer of specialized, tethered aerial monitoring and communications platforms serving national defense and security customers, today announced that it has commenced the communications upgrade of a U.S. Army-owned Winch Aerostat Small Platform ("WASP") tactical aerostat. The upgrade will enable secure communications links utilizing advanced waveforms connecting soldiers on the battlefield. Designed to maximize payload flexibility, this latest WASP upgrade follows several customer-requested capability enhancements to incorporate the latest in secure communications and ISR (Intelligence, Surveillance and Reconnaissance), following deployment with Department of Defense forces.

  • GlobeNewswire

    Drone Aviation Secures an Additional $2.0 Million in Capital, Completing Private Placement Raising an Aggregate of $4.0 Million

    JACKSONVILLE, Fla., Jan. 31, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Drone Aviation Holding Corp. (DRNE) ("Drone Aviation" or the "Company"), a developer of specialized, tethered aerial monitoring and communications platforms serving national defense and security customers, today announced that it completed an additional equity raise, securing an additional $2.0 million through a private placement of common stock to certain accredited investors including members of the Company's management. The Company's most recent capital raise follows an initial closing of $2.0 million of new equity capital announced on January 8, 2019 for an aggregate of $4.0 million. The proceeds from the $4.0 million in equity capital raised will be utilized to fund production and staffing as well as for general working capital following the receipt of a $3.8 million contract award announced in early January 2019.

  • GlobeNewswire

    Drone Aviation Concludes Training of U.S. Army Unit on Next-Gen WASP ERS Tactical Aerostat

    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 concluded U.S. Army operator training on the newly delivered Winch Aerostat Small Platform ("WASP") Elevated Relay System (ERS) at a U.S. Army base in the Pacific ocean. Delivered to the U.S. Army in October 2018 under a $1.7 million contract award, the WASP ERS is the latest generation of tactical aerostats.

  • GlobeNewswire

    Drone Aviation Expands Manufacturing Capacity

    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.

  • GlobeNewswire

    Drone Aviation Selected by Prime Contractor for Exclusive Relationship; Initial Award Valued at $3.8 Million

    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.

  • GlobeNewswire

    Drone Aviation Reaches Agreement to Eliminate Over 70% of Existing Debt, Supporting Planned Growth

    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.

  • GlobeNewswire

    FUSE Tether System Completes Law Enforcement Flight Operations at Multiple Large Public Events

    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.

  • GlobeNewswire

    SAP NS2 Collaborates with Drone Aviation to Integrate Distributed Drone-Based Video into its Software Security Platform

    Drone Aviation Holding Corp. (“Drone Aviation”) (DRNE), a manufacturer of tethered drones and lighter-than-air aerostats and SAP National Security Services, Inc. (SAP NS2®), are collaborating on the integration of drone-based video footage into SAP’s on premise and Secure Cloud-based Intelligence, Surveillance and Reconnaissance (ISR) capability portfolio. Combining drone-based video with NS2’s secure “sense making” machine learning functionality will provide analysis capability at the edge, where it is needed most. Today at the 7th Annual SAP NS2 Solutions Summit, video captured from a drone utilizing Drone Aviation’s FUSE Tether System and cellular LTE backhaul technology will be used in a special event for attendees.