SOURCE: Advanced Defense Technologies, Inc.
ANAHEIM, CA--(Marketwire - Mar 18, 2013) - Advanced Defense Technologies, Inc. (PINKSHEETS: ADCF) announced today that ADTI and its international alliance partners see a booming market in India for mini and micro drone models that carry out more and more missions that were previously performed by manned aircraft. The surging market in the global sale of UAVs occurs at a time when these systems are becoming a common tool not just in the military but for civilian use as well. ADTI foresees the India marketplace for drones and UAVs, used for reconnaissance and mapping to surveillance, border or maritime patrol, a multi-million-dollar business that will grow steadily. ADTI with its technology advances in payload systems anticipate a significant part of the future booming market.
UAVs are the fastest-growing sector in the aerospace industry, according to a recent study by defense consultancy The Teal Group. Current global sales are about $6.6 billion a year. This is expected to almost double to $11.4 billion annually over the next decade. Over the ten-year period $89 billion worth of drones are expected to be sold.
"The global drone and UAV market is growing at a very fast rate and becoming the largest portion of the aircraft sales in the world," stated R.S. Tahim, President and CEO of Advanced Defense Technologies Inc. "The general public will soon understand that less controversial uses for UAVs are being explored increasingly in the humanitarian, environment and agricultural sectors. In many cases, the systems are safer and cheaper than manned aircraft and in some cases the mini and micro drones will do things for the commercial civilian markets that were not possible before."
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.