SOURCE: Advanced Defense Technologies, Inc.
ANAHEIM, CA--(Marketwire - Feb 14, 2013) - Advanced Defense Technologies, Inc. (PINKSHEETS: ADCF), today announced that ADTI has opened discussions for possible partnership with an India based multi-national corporation. The alliance is expected to enhance the Company's reach in international markets and provide business development and infrastructure support as ADTI establishes itself as a key technology provider of drone systems and UAV payloads. ADTI foresees significant growth within target markets in India and throughout West Asia, South East Asia, Europe and Africa, and this partnership will leverage our partner's long standing presence in this region and a strong client base consisting of large corporations and government organizations.
Vast potential for international growth for drone systems and UAV payloads is expected in the commercial markets. There is increasing demand for new technologies in law enforcement, exploration, and disaster recovery and border security. Military development has been the key driver in technology development, but ADTI foresees market opportunities in less controversial uses for drones and UAVs that are being explored increasingly in the humanitarian, environment and agricultural sectors. These new applications range from monitoring crop-infestation, and mapping to surveillance as well as border or maritime patrol.
"Partnerships and strategic alliances are critical to our overseas business development," stated R.S. Tahim, President and CEO of Advanced Defense Technologies Inc. "The combination of our ability to bring a new portfolio of products and technologies and their ability for project execution, local business knowledge, and opportunity identification is a key factor in the partnership moving forward."
About Advanced Defense Technologies
Advanced Defense Technologies (ADTI) develops systems and technologies for the military defense and homeland security industry. The Company's system design technology has been developed under SBIR Programs with Government Agencies including NASA, DARPA, a prestigious defense contractor (Phillips Labs), and the US military (USAF, ARMY, NAVY and MDA). For more information regarding ADTI: www.theadti.com
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Advanced Defense Technologies, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.