SOURCE: Advanced Defense Technologies, Inc.
ANAHEIM, CA--(Marketwire - Aug 1, 2012) - Advanced Defense Technologies, Inc. (PINKSHEETS: ADCF) announced today that the Company has entered into a joint venture agreement with AeroSpy, an Austria-based leading technology supplier in the field of navigation, motion tracking, and mobile robotics, to develop and commercialize the first fully certified Sense & Avoid System that allows the integration of mission-specific UAVs into civilian airspace.
As part of the joint venture, ADTI will combine its phased array antenna technology with AeroSpy's Sense and Avoid technology to form a significant global alliance. The goal of the project is to integrate the AeroSpy Sense and Avoid prototype and autopilot with ADTI's customized and enhanced UAV technology to demonstrate the system to different customers. In order to integrate UAVs into civil airspace it is crucial to have a system with the capability to react to traffic by avoiding it.
R.S. Tahim, President and CEO of Advanced Defense Technologies, Inc., stated, "We are committed to this partnership with AeroSpy, which has a long-standing reputation in the field of navigation, motion tracking, and mobile robotics. Our potential customers and clients can now benefit from the combined strengths of both our organizations and a broadened global reach for UAV systems within the military, oil and gas, municipal, meteorological, forestry, agriculture and coastal/border surveillance sectors. The venture aligns our combined strategic direction and the potential for future business growth is significant. We see an exceptional opportunity to create value for our respective corporations, partners, and shareholders."
AeroSpy is one of the leading technology suppliers in the field of navigation, motion tracking, and mobile robotics in the air, on the ground, and in the water. Since our founding we have deployed navigation and motion tracking systems for various customers. The fast integration of our technology, based on an IMU (inertial measurement unit), into customer products creates an essential technological advantage due to our experience in integrating our technology into various vehicles and our high technological know-how. For more information regarding AeroSpy go to: http://www.aerospy.at
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 several SBIR Programs with Government Agencies including the US military (USAF, ARMY, NAVY and MDA), NASA, DARPA and a prestigious defense contractor (Phillips Labs). For more information regarding ADTI go to: 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-looking 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 occurrence of unanticipated events or changes to future operating results.