SOURCE: Infor

Infor

November 15, 2016 09:00 ET

Infor Announces Innovative Tethered Drone-Based Asset Management Solution

Drone Aviation and Infor to Provide a Complete, Efficient, and Safe Asset Maintenance Solution

NEW YORK, NY--(Marketwired - November 15, 2016) - Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced in partnership with Drone Aviation Corp. (DAC) (OTCQX: DRNE), the creation of Infor's new Drone Enterprise Asset Management Solution (DEAMS), designed to solve industry challenges by enabling safe, efficient asset management and maintenance.

Infor and DAC believe that applying tethered drone technology to even small Enterprise Asset Management (EAM) projects can yield a significant impact for the success of an asset. With a tethered drone's ability to perform functions like perch-and-stare, video capture, and laser scanning, the drone can replace many of the dull, dirty, and dangerous functions of inspection and compliance.

By combining the cutting-edge, patented tethered drone technologies of Drone Aviation Corp with the Infor Enterprise Asset Management system, private and public sector customers are now able to benefit from the flexible capability of drone technology to effectively and safely inspect buildings, oil rigs, power stations, railways and other linear and non-linear assets.

Thanks to the flexible flying capability, drones or unmanned aircraft systems (UAS) are able to extend beyond the typical constraints of asset management to capture high-quality images and footage that provide stakeholders with a more complete level of visibility. By utilizing emerging technologies to manage infrastructure assets, organizations are able to achieve greater value in maximizing product lifecycles and instituting a preventative maintenance plan that can prevent costly downtime. Drone technology has quickly standardized and proven reliable since it was first introduced to the market, and today the technology is proving to be more affordable and effective than previously utilized techniques in capital-intensive public sector environments.

The partnership between Infor and Drone Aviation helps automate the core business processes that provide enterprise organizations with integrated asset and maintenance management solutions. DEAMS delivers an inspection and maintenance management approach that can produce actionable business insights and improve a business' decision-making processes. Drone Aviation's tethered drones have advanced imaging cameras including stabilized thermal, that can zoom in to show the smaller details of an item being inspected, and they can be safely operated for hours with power and data being securely transmitted through the tether to the operator on the ground.

"Our vision for drone technology has always extended beyond the physical hardware itself, seeing the drone as a critical extension of the network where its sensors are capable of capturing and relaying critical data and information to its users in real time. Through our partnership with Infor and the creation of the DEAMS solution, we are realizing that vision and helping enterprise customers across a wide array of industries harness drones to meet their many unique asset management challenges," said Jay Nussbaum, Chairman and CEO of Drone Aviation Corp. "Infor's expertise in data analysis makes them an ideal partner in the development of this unique end-to-end solution and we are looking forward to supporting their team as they bring this new and powerful asset management solution to the market."

"Our customers operate in increasingly complex ecosystems, many of which include shrinking budgets and aging infrastructures that rely heavily on the way assets and resources are managed. With the DEAMS solution, customers are able to take an automated approach to asset maintenance and reallocate personnel to perform other essential tasks," said Wayne Bobby, vice president, Infor Federal. "This solution was specifically developed to provide efficient, reliable and safe asset management to achieve compliance and maximize the product lifecycle."

Infor DEAMS utilizes Infor ION®, a purpose-built middleware, that processes the data collected by the drones' onboard sensors and integrates it with Infor EAM and maintenance, repair, and overhaul (MRO) applications. The data can also be analyzed with easy to use analytics to produce accurate information about the asset life, allowing for quicker and more effective decision-making.

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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.

About Infor

Infor builds business software for specific industries in the cloud. With 15,000 employees and over 90,000 customers in more than 200 countries and territories, Infor software is designed for progress. To learn more, please visit www.infor.com.

This announcement reflects the direction Infor may take with regard to the specific product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this document or any of its content in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product or functionality, even if such is described in this announcement and even if such description is accompanied by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "predict," "should," "will," and/or similar expressions. Many factors can affect Infor's product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates. Infor expressly disclaims any liability with respect to this announcement.

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