Universal Wing Technologies Inc.
TSX VENTURE : UAV

Universal Wing Technologies Inc.

March 24, 2010 09:30 ET

Universal Wing Undertakes Sky Dart Survey

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2010) - Universal Wing Technologies Inc. (TSX VENTURE:UAV) announces the commencement of its first commercial survey contract of 2010. Field engineers are currently undertaking a magnetometer-based mission for a third party client using the company's Sky Dart system.

The Sky Dart is a versatile helicopter-towed bird system developed by the payload specialists at Universal Wing Geophysics. Unlike many competitor systems - which are dependant on their parent helicopter - Sky Dart is self-contained, self-powered, and is easily installed. Once pilot navigational aids are installed into the helicopter (a simple and quick operation), the system is ready to go to work.

Sky Dart has been designed to reduce survey mobilization costs to an absolute minumum, and to provide maximum flexibility in operation with no compromise of data quality. Field-ready when it arrives on site, the system benefits from Universal's years of experience designing payloads for its unmanned aerial vehicle (UAV) fleet.

Declan Sweeney, CEO of Universal, said, "We're very pleased to engage in our first revenue-generating assignment since the company began trading as Universal Wing Technologies Inc. in December 2009. Sky-Dart and our UAV camera system are already commercially viable systems. Later this summer we will also introduce a horizontal magnetometer system deployed on board our Venturer UAV."

On behalf of the Board of Directors

Universal Wing Technologies Inc.

Declan Sweeney, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Universal Wing Technologies Inc.
    Declan Sweeney
    CEO and Director
    604.689.1799
    604.689.8199 (FAX)
    www.universalwing.com