SOURCE: Drone Aviation Corp.

Drone Aviation Corp.

August 31, 2015 08:30 ET

Mid-Atlantic Aviation Partnership to Explore Tethered Drone Commercialization With Drone Aviation Holding Corp.

JACKSONVILLE, FL and BLACKSBURG, VA--(Marketwired - Aug 31, 2015) - Drone Aviation Holding Corp. (OTCQB: DRNE) ("DAC" or "Drone Aviation"), manufacturer of tethered drones and lighter-than-air aerostats, announced that The Mid-Atlantic Aviation Partnership at Virginia Tech (VTMAAP) will collaborate with DAC to research, test, and advance the commercialization of the Company's tethered unmanned aircraft systems, also known as drones.

The organizations began flight-testing this month in Jacksonville, Florida, to explore the reliability, safety, and commercial-use cases for the Company's family of tethered drones, and ultimately report the results to the Federal Aviation Administration (FAA).

"We are excited to demonstrate the advantages and many potential civil and commercial uses of our tethered drones," said Jay Nussbaum, chairman of Drone Aviation Holding Corp. "This ongoing partnership will focus on evaluating the increased safety features and technical advantages of our tethered drones and sharing that data with the FAA for the potential commercial deployment of 'WATT' systems into the national airspace for first responders and commercial entities."

The FAA selected the Mid-Atlantic Aviation Partnership at Virginia Tech in December 2013, as one of six national test sites to conduct research to integrate unmanned aircraft into the nation's airspace. Since then, the partnership has worked with unmanned aircraft systems to aid emergency responders, survey energy pipeline infrastructure, study agricultural land, and teach reporters to cover news.

"At Virginia Tech, we see tremendous opportunity for tethered-drone technology because of its unique capabilities and safety profile, making it applicable to a large number of applications from news broadcasting to emergency response and facility security," said Rose Mooney, executive director of the Mid-Atlantic Aviation Partnership, headquartered at the Institute for Critical Technology and Applied Science at Virginia Tech. "We look forward to working with Drone Aviation Holding Corp., the FAA, and our consortium partners to explore the commercial application of this novel UAS technology."

DAC's WATT-200 is designed to safely provide secure and reliable aerial monitoring for extended durations while being tethered to the ground via a high strength armored tether. Unlike hobbyist drones or manned aircraft, the WATT model delivers long flight duration and commercial grade, real-time video-monitoring capabilities day or night.

About Drone Aviation Holding Corp.
Drone Aviation Holding Corp. (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 proprietary tether system, the Company's products are designed to provide prolonged operational duration capabilities combined with improved reliability, uniquely fulfilling critical requirements in military, law enforcement and commercial and industrial applications. 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, 2014, as well as information about the Company in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Forward-Looking Statements
This press release contains projections of future results and other 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. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.