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DRONE AVIATION HOLDI (OTCMKTS:DRNE) reported that its subsidiary, Drone Aviation Corp. has received an order from defense contractor Troll Systems for WASP aerostat systems. As per the terms, Troll and DAC will jointly create a working group to combine the L-3 Wescam MX-10 optical sensor system into Drone’s WASP system for an international client. The working group intends on starting integration in this month with initial flight assessment expected to follow by 3Q2015.

The details

Drone Aviation subsidiary manufactures and develops the WASP aerostat, WATT Electric Tethered Drone and Blimp in a Box product lines. The WATT Tethered Drone, the BiB as well as WASP aerostats, use a secure, strong tether line that stays linked to the ground for secure and consistent operations. The systems are designed to offer semi-persistent, ISR and extended communications for several applications. The company’s solutions can offer affordable and effective mobile ISR and mobile communications for specified duration. They are currently used by U.S. Department of Defense in their several applications. Also, they are used by the State and Local Police for monitoring purpose.

The applications

Department of Defense owned systems are deployed in sponsored exercises and are forms part of future capability trials as part of the evaluation of the WASP system as a tactical aerostat for ISR and mobile communications. As of now, it has successfully completed activities in a series of the U.S. Army NIEs and has been acknowledged by the Army as a strategic battlefield system that can help soldiers on the ground.

The alliance

Felicia Hess, the CEO of DRONE AVIATION HOLDI (OTCMKTS:DRNE) said that the company is delighted to associate with Troll Systems to extend the capabilities of WASP platform and to assist them fulfill the stringent demands of overseas clients. With the inclusion of the L-3 Wescam MX-10, the company is considerably expanding the operational ability of the WASP system, further reflecting its ability to flexibly offer simple, secure and affordable tactical surveillance and mobile communications to customers.

In early morning trade on Monday, the stock price of DRNE was trading 4% lower at $0.296.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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