SOURCE: Simshabs Capital Partners Ltd.

August 22, 2013 15:35 ET

Simshabs Capital Partners Announces a Milestone for Research & Development of Drones

BROOKLYN, NY--(Marketwired - Aug 22, 2013) - Simshabs Capital Partners is pleased to announce an agreement, by one of its divisions, to develop a 15-acre site for a research and development facility near Wright Paterson Air Force Base in Fairborne, Ohio. Use of the facility will be for development of the next generation of unmanned craft, commonly known as drones. 

Estimated costs will be $11.7 million. Estimated timeframe for completion will be 14 months, due to installation of items that will need to be state of the art with regard to both, technology and security.

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