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RENI - Resilient Energy Starts Process For 2nd Defense Drone Industry Acquisition
RENI - Resilient Energy Starts Process For 2nd Defense Drone Industry Acquisition.
About this update from Resilient Energy Inc.
[{"type":"text","content":"\n Houston, July 31, 2024 (GLOBE NEWSWIRE) -- RENI - Resilient Energy Starts Process For 2nd Defense Drone Industry Acquisition  HOUSTON, July 29, 2024/ -- Resilient Energy, Inc. (OTC Markets: RENI) (\"RENI\" or \"the Company\") releases a market update announcing it has entered in discussions for a second Defense & Drone acquisition.The negotiations are anticipated to conclude in the coming weeks. The Company will issue a formal statement and the necessary regulatory filings.The target's business is growing monthly and offers a unique product to a variety of industries and end customers including commercial, government and defense companies.RENI's CEO, Mr. Jon Bianco, stated, \"We are dedicated to finding opportunities in advanced technology areas. Our intention is to acquire revenue producing companies with sophisticated technologies and great growth potential in the aerospace & technology sector. The unmanned aerial vehicle and drone technology market is a multibillion-dollar market. Going after a second acquisition in this field reinforces our commitment to value creation through revenue growth, margin expansion, and cash flow generation. I would like to add that we are committed to expanding our footprint in the exciting Defense UAV Industry, our talks with the prospect company are going well and I look forward to continuing bringing out updates on our progress.”The global Unmanned Vehicle market size is estimated at USD 35.28 billion in 2024, and is expected to reach USD 67.64 billion by 2029, growing at a CAGR of 13.9% during the forecast period (2024-2029) according to a Growth Trends and Forecast report from Mordor Intelligence. Technological advances in terms of payloads and electronics are expected to augment the rapid growth of the drone's market. Global security concerns, border threats, and territorial disputes have significantly increased the demand for airborne surveillance, making instantaneous situational awareness a top priorityDuring 2024, the company is pursuing an aggressive expansion campaign, which will continue to result in new revenue streams. About Resilient Energy, Inc. Resilient Energy, Inc. (OTC: RENI) (www.resilientenergyinc.com) operates  with a strategic business plan centered on the acquisitions. The company is committed to expanding its portfolio by acquiring b...