SOURCE: Drone Aviation Corp

Drone Aviation Corp

June 25, 2014 09:00 ET

Drone Aviation Receives Award for Sustainment Equipment Purchased by the U.S. Department of Defense

Parts and Equipment Support Ongoing Soldier Training and Rotational Exercises

JACKSONVILLE, FL--(Marketwired - Jun 25, 2014) - Drone Aviation Corp., a wholly owned subsidiary of Drone Aviation Holding Corp. (the "Company") (PINKSHEETS: DRNE), a developer of specialized lighter-than-air aerostats and tethered drones, has announced that Lighter Than Air Systems Corp. ("LTAS"), its wholly owned subsidiary, has received an award from U.S. Government prime contractor ADS Inc. ("ADS"). The award recognizes LTAS's sustainment kits that support the Government's "Blimp in a Box", BiB-250 tethered aerostat systems, which are currently stationed at U.S. Army Garrison Fort Polk. The sustainment equipment order valued at over $250,000 is expected to be delivered in Q3 and will be utilized to support evaluations, training, and operations in rotational exercises.

The highly mobile 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, improvised explosive devices, border security and other governmental and civilian uses. Unlike larger, complex, stadium size moored aerostats, or smaller, limited endurance free flying drones, the tactical BiB-250 system can provide low cost, mobile ISR for days, weeks or months with minimal costs and limited operational footprint and human requirement.

Drone Aviation Holding Corp.'s CEO Felicia Hess stated, "We are excited that LTAS has been selected to provide additional sustainment equipment for the BiB-250 systems at Ft. Polk. We will continue to work closely with our government customers to ensure the soldiers have all of the equipment they require to operate the BiB systems throughout the ongoing training and exercises at Ft. Polk." 

LTAS was issued the award by ADS, which currently services U.S. Military & DOD Agencies, Federal Agencies, Defense Contractors, Law Enforcement & Public Safety, Fire & Emergency Services and Foreign Military & Government. ADS provides operational and tactical equipment to or for use by customers such as the United States Government and its various agencies and departments and other non commercial customers.

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 Army, ADS or others and our ability to continue and/or expand such relationships, 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 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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