SOURCE: Drone Aviation Corp.

Drone Aviation Corp.

January 06, 2015 09:00 ET

Drone Aviation Completes Military Product Delivery for Eglin Air Force Base

Company Completes 2014 With Growing DoD Customer Base and Looks to Additional Deployments in 2015

JACKSONVILLE, FL--(Marketwired - Jan 6, 2015) - Drone Aviation Holding Corp. (OTCQB: DRNE), a developer of specialized lighter-than-air aerostats and tethered drones ("Drone" or the "Company"), today announced that its wholly owned subsidiary, Drone Aviation Corp. ("Drone Aviation"), has delivered a follow-on order of aerial and ground-based equipment to Eglin Air Force Base in Florida. This delivery is the latest of multiple military customers who continue to actively utilize the Company's mobile aerostat launcher systems as part of their ongoing operations.

Drone Aviation's aerostat based BiB and WASP aerial systems are currently utilized by various Department of Defense (DoD) customers including the U.S Army Space & Missile Defense Command (SMDC), and the Joint Improvised Explosive Device Defeat Organization (JIEDDO). The DoD owned WASP systems are currently involved in planning for various system integration exercises in 2015 while the BiB systems are actively deployed for troop training during rotational exercises at Folk Polk, LA. The additional aerostat based product implementation at Eglin AFB increases the capabilities of the persistent range instrumentation required by the customer for furthering weapons and platform engineering and design efforts.

"Eglin Air Force Base is just one of a number of Department of Defense customers that are actively deploying our aerostat platforms in support of their operations which will continue to drive our growth," stated Felicia Hess, CEO of Drone Aviation Holding Corp. "As we enter 2015, we see a number of exciting military, governmental and commercial opportunities for our unique, cost effective tethered aerial platforms and are working on new products and capabilities that we fully expect will demonstrate the true value of our technology."

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 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 Reports on Form 10-Q.

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, Air Force or other customers and our ability to continue and/or expand such relationships, the commitment of any customer to our aerostat platform, our ability to customize our platform to meet customer needs, the use of our equipment and products by any particular customer, the capabilities, characteristics and advantages of, and costs related to, Drone products, the suitability of Drone products for any particular application, the ability of Drone products to satisfy customer demands or requirements or meet any specific challenges, the ability of Drone products 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, Air Force 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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