SOURCE: Drone Aviation Corp.

Drone Aviation Corp.

October 14, 2014 08:55 ET

Drone Aviation Completes Delivery of Blimp in a Box Sustainment Equipment to the U.S. Department of Defense

Equipment to Be Utilized to Support the Blimp in a Box® Systems Operating at U.S. Army Garrison Fort Polk

JACKSONVILLE, FL--(Marketwired - Oct 14, 2014) - Drone Aviation Holding Corp. (OTCQB: DRNE), a developer of specialized lighter-than-air aerostats and tethered drones, today announced that its wholly owned subsidiary, Drone Aviation Corp., has completed the latest delivery of Blimp in a Box® ("BiB") aerostat system sustainment equipment to the U.S. Department of Defense ("DoD"). The delivered equipment is to be utilized to support the Army's two previously acquired BiB systems. 

The equipment delivered included various ground and airborne-based components to support the two BiB-250s operating at Fort Polk's Joint Readiness Training Center. The BiB-250 tethered aerostat systems are intended to provide semi-persistent, mobile intelligence, surveillance and reconnaissance ("ISR") at the platoon level with minimal troop requirements. The BiB-250 systems provide real-time day/night high definition footage for ISR, detection of hostile activity or improvised explosive devices, border security and other governmental and civilian uses. 

"With this latest sustainment delivery, we are able to provide our customer with additional resources ensuring that the BiBs continue to operate at peak efficiency," said Felicia Hess, CEO of Drone Aviation Holding Corp. "Our goal is to work closely with our customer in order to demonstrate that our BiBs are a valuable and cost effective tactical aerial asset for the DoD. It is exciting that our equipment and systems are supporting the soldiers in the ongoing training and exercises at Ft. Polk."

The order and delivery was coordinated through the Company's distributor and government prime contractor, ADS Inc. ADS provides operational and tactical equipment to or for use by customers such as the U.S. military and DOD agencies, Federal agencies, defense contractors, law enforcement and public safety, fire and emergency services, and foreign military and governments.

About Drone Aviation Holding Corp.
Drone Aviation Holding Corp. (DRNE) provides critical aerial and land based surveillance and communications solutions to government and commercial customers. Utilizing a unique tethering capability, drone systems operate in the National Airspace within FAA guidelines for safe operations. Drone systems are designed and developed in-house utilizing proprietary technologies and processes that result in compact, rapidly deployable aerostat solutions and mast based systems that have been proven to fulfill critical requirements by the military and law enforcement in the U.S. and to our allies around the world. For more information about Drone Aviation Holding Corp. please visit www.DroneAviationCorp.com, or view our reports and filings with the Securities and Exchange Commission on http://www.sec.gov, including the Risk Factors included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013 and in our Current Report on Form 8-K filed with the SEC on June 5, 2014, as well as our Quarterly Report for the quarter ended March 31, 2014 filed May 8, 2014 and our Current Report on Form 8-K filed with the SEC on May 5, 2014 related to the transactions.

Forward-Looking Statements
This press release contains certain forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These statements include those regarding Drone's relationships with the DoD, Army, ADS or others and our ability to continue and/or expand such relationships, the outcome of any BiB demonstrations, the capabilities, characteristics and advantages of, and costs related to, the Drone aerostat systems or components, the suitability of the Drone aerostat systems or components for any particular application, the ability of the Drone aerostat systems, kits or components to satisfy customer demands or requirements or meet any specific challenges, the ability of the Drone aerostat systems or components to function in accordance with their design expectations, the further advancement, development or commercialization of any of Drone's products, the ability of Drone to secure further business with the DoD, Army, ADS or other new customers or grow revenues, and the ability of Drone to execute on its strategies or to accomplish any of its goals or objectives. The words "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. Important factors that may cause results and outcomes to differ materially from those contained in these forward-looking statements included in this press release are described in our publicly filed reports. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.

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