Business
Drone Aviation Appoints Jay H. Nussbaum as Chief Executive Officer
Drone Aviation Appoints Jay H. Nussbaum as Chief Executive Officer.
About this update from Comsovereign Holding Corp.
[{"type":"text","content":"\nDrone Aviation Appoints Jay H. Nussbaum as Chief Executive Officer\n\nDrone Aviation Appoints Jay H. Nussbaum as Chief Executive Officer\n\n\nNussbaum to Lead Expansion of Strategic Partnerships and Recruitment of Additional Military and Commercial Management Talent \n\n\n JACKSONVILLE, FL--(Marketwired - May 02, 2016) - Drone Aviation Holding Corp. (OTCQX: DRNE) (\"DAC\" or \"Drone Aviation\"), today announced that in an effort to capitalize on increasing interest in its tethered aerostat and drone technology from Department of Defense (DoD) as well as civil and commercial entities, it has appointed Jay H. Nussbaum, Chairman of the Board and current investor, to the additional position of Chief Executive Officer, replacing Kevin Hess who has been appointed Chief Technology Officer. In this added capacity, Mr. Nussbaum will be responsible for leading development of new strategic partnerships and the recruitment of highly experienced government and military sales, management and board-level personnel while Mr. Hess will continue to lead product and technology development efforts at the Company.\"In the short time I have been involved with this company, I have seen the demand for aerial monitoring and communications solutions expand dramatically, with few tethered products on the market today able to meet the growing needs for cost-effective, mobile, actionable intelligence as reliable as Drone Aviation's technology,\" said Nussbaum. \"More than an aerial hardware platform, our technology can economically address the evolving requirements for data and information that can help provide protection and security to our military and to civilians, as confirmed by our two recent DoD contracts.\"Since joining the Company in June 2015, Mr. Nussbaum has played a central role in leading the Company's transition from a testing and development organization into a commercial provider of unique tethered aerial products serving the US military and a number of government agencies. Mr. Nussbaum is also an investor in the Company having participated in a number of recent financing transactions.The Company's strategic plan for 2016 includes the following initiatives:\n Expand operations through a sales office in the Washington, D.C.-area, enhancing sales and support for military, governmental, commercial, national security and law enforcement organ...