Business
Drone USA, Inc. Expects That New Regulations Will Significantly Increase the Commercial Drone Market
Drone USA, Inc. Expects That New Regulations Will Significantly Increase the Commercial Drone Market.
About this update from Bantec Inc.
[{"type":"text","content":"\n \n Drone USA, Inc. (OTC Markets: DRUS) (“Drone USA” or the “Company”), a \n developer and manufacturer of low altitude Unmanned Aerial Vehicles \n (“UAV”) and related technologies, today announced that Small UAS Rule, a \n new regulation that was passed by the Federal Aviation Administration \n (“FAA”) governing the operation of drones, or unmanned aerial systems \n (“UAS”), in United States airspace, is aligned with Drone USA's business \n model and growth projections for the commercial drone segment of the \n Company.\n \n \n Small UAS Rule, which was first passed by the FAA in June and went into \n effect Monday, August 29, 2016, simplifies the process of becoming a \n commercial drone pilot. Under the new regulations, commercial drone \n operators will no longer have to obtain a traditional pilot's license \n and receive case-by-case permission from regulators. Commercial drone \n pilots will now only need to pass a certification test and abide by \n various flying restrictions.\n \n \n Michael Bannon, Chief Executive Officer of Drone USA, stated: “Small UAS \n Rule will completely change the Commercial Drone market and within the \n first day of the new regulations going into effect the FAA reported \n receiving over 3,000 new applicants preregistering to take the \n certification test. We are confident that Small UAS Rule will \n significantly broaden the commercial use of UAV Systems in sectors such \n as precision agriculture, utilities inspection, mapping, mining, and \n public safety. We fully intend to capitalize on this opportunity and use \n it grow the Commercial Drone segment of our business.”\n \n \n About Drone USA, Inc.\n \n \n Headquartered at One World Trade Center in New York, NY, Drone USA plans \n to become a primary developer and manufacturer of low altitude unmanned \n aerial vehicles (UAV) and related technologies. Target markets include \n select defense segments (military), public safety (police, fire, \n emergency response), and high growth commercial applications such as \n agriculture, photogrammetry, mining, utilities, and entertainment. The \n Company seeks to strengthen its systems portfolio by acquiring UAV firms \n with superior technologies that are proven in high-growth markets, as \n well as complementary technologie...