JACKSONVILLE, FL--(Marketwired - December 14, 2016) - Drone Aviation Holding Corp. (OTCQX: DRNE) ("Drone Aviation" the "Company" or "DAC"), a leading provider of tethered drones and lighter-than-air aerostats, today announced the appointment of Bruce R.C. Hardy as its new Vice President of Sales.
Mr. Hardy is a former U.S. Navy Seal with over 20 years of military service and a decade of sales experience selling hardware and software to the federal government and military agencies. In this newly created role, Mr. Hardy will head DAC's sales organization seeking to further expand the new business pipeline for the Company's patented tethered drone and aerostat products within the U.S. Government including new and existing Department of Defense ("DoD") customers as well as Homeland Security and First Responders.
"On behalf of the entire Drone Aviation organization, I am delighted to welcome Bruce to our team and believe his appointment will further establish Drone Aviation as a market leader in the tethered Drone markets," said Jay Nussbaum, Chairman and CEO of Drone Aviation Corp. "Bruce brings with him a unique first-hand, end-user experience and relationships in the special forces community and business network developed over the course of a decade in closing Federal Sales. As we continue to advance our commercialization efforts, we remain committed to making further investments in staff, product development and technology, all critical areas to our success in the future as drone technology evolves to meet the emerging needs of both military and commercial markets at home and abroad," he added.
"After meeting the team and seeing the technology at work, I am honored and excited to be joining Drone Aviation at such as transformational time in the Drone industry. My goal is to apply the knowledge and experience I have gained from operational environments into value-creation principles that we can utilize to attract new customers seeking rapidly deployable, persistent aerial capabilities," said Bruce Hardy. "Working closely with management, I am looking forward to accelerating the momentum that Jay and the Drone team have established."
Prior to Joining Drone Aviation Mr. Hardy served as Vice President of Business Development at Panthera Solutions, a leading security consulting and training organization serving the U.S. Military and Federal agencies. Bruce's sales career includes serving as a Federal Sales Executive at FCN Technology Solutions and Dataline, Inc. specializing in technical sales of IBM, NetApp, Quantum and Riverbed technologies products to the Department of Veterans Affairs, NASA, DoD, and all U.S. Intelligence Agencies and as a Systems Sales Specialist at International Business Machines (IBM). At Surefire LLC, a leading manufacturer of tactical gear and technology designed for military and law enforcement applications, Bruce was responsible for all Northeast sales to federal law enforcement agencies. Hardy is a combat-proven Navy SEAL with over 20 years of duty and served in the Federal Air Marshal Service as Acting Assistant to the Special Agent in Charge while assigned to the Washington Field Office.
About Drone Aviation Holding Corp.
Drone Aviation Holding Corp. (OTCQX: DRNE) develops and manufactures cost-effective, compact and rapidly deployable aerial platforms, including lighter-than-air aerostats and electric-powered drones designed to provide government and commercial customers with enhanced surveillance and communication capabilities. Utilizing a patented tether system, Drone Aviation's products are designed to provide prolonged operational duration capabilities combined with improved reliability, uniquely fulfilling critical requirements in military, law enforcement, commercial, and industrial applications. For more information about Drone Aviation, please visit www.DroneAviationCorp.com or view our reports and filings with the Securities and Exchange Commission at http://www.sec.gov, including the Risk Factors included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as well as information in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates," "preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking statements in this release include, but are not limited to, those relating to: expansion of our network of partners to build our customer base; continuation of awards from the DoD; the adoption of our drone technology and products; increasing commercialization of our technology through sales and manufacturing, growing demand for drones for military and state and local law enforcement authorities, and expectations regarding future production and sales. The Company's financial results and the forward-looking statements could be affected by many factors, including, but not limited to, demand for the Company's products and services, economic conditions in the U.S. and worldwide, changes in appropriations by Congress and reduced funding for defense procurement and research and development programs, and our ability to recruit and retain management, technical, and sales personnel. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.