Business
Drone Aviation Holding Corp. Provides Shareholder Update for the Second Quarter 2014
Drone Aviation Holding Corp. Provides Shareholder Update for the Second Quarter 2014.
About this update from Comsovereign Holding Corp.
[{"type":"text","content":"\n \n \n Drone Aviation Holding Corp. Provides Shareholder Update for the Second Quarter 2014\n \n \nDrone Aviation Holding Corp. Provides Shareholder Update for the Second Quarter 2014\n\nNew Products and Contracts Expected to Highlight Second Half of 2014\n\n \n JACKSONVILLE, FL--(Marketwired - Aug 15, 2014) - Drone Aviation Holding Corp. (\"DAHC\"), (OTCQB: DRNE), a developer of specialized tethered drones and lighter-than-air aerostats, today provided a shareholder update for the Second Quarter of 2014. \n \"Drone Aviation Holding Corp. is extremely pleased with the milestones that have been accomplished in the second quarter of 2014,\" stated Felicia Hess, CEO of Drone Aviation Holding Corp. \"There is no doubt that the public interest and fascination with drones is increasing each and every day, and that demand for our products has continued to increase throughout the projected multi-billion drone marketplace. The Company has received overwhelmingly positive feedback from both our governmental and commercial clients. Going forward, we are committed to leveraging our recurring revenue model in order to improve earnings and enhance shareholder value.\"\n Recent Operational Highlights:\n \n \n In July 2014, Drone Aviation Holding Corp. completed an \"uplisting\" of its common stock to the OTCQB Marketplace, trading under the ticker \"DRNE\".\n \n \n Drone Aviation Corp. (\"DAC\"), a wholly owned subsidiary of DAHC, acquired Lighter Than Air Systems Corp. (\"LTAS\"), and began focusing on developing and producing tethered drones and tethered aerostats for military and commercial applications.\n \n \n During the second quarter, DAC accelerated development and sales activities of LTAS' unique aerial surveillance and communications products. Today, DAC provides cost-effective aerial systems serving the government, law enforcement, military and private sector customers. \n \n \n DAC's unique and proprietary tethering technology allows it to capitalize on the tremendous demand for unmanned aerial technologies that are able to legally operate under FAA guidelines, which currently restrict free flying drones.\n \n \n \n \n DAC continues to enhance its sales and support pipeline with both military as well as commercial customers including local municipalities; all of whom are evaluating or actively deploying the Company's tethered aer...