Valmie Resources Inc (OTCBB:VMRI) disclosed that it entered into a Memorandum of Understanding with a leading search and rescue organization so that it can develop and deploy unmanned aerial vehicle technology for humanitarian applications. Through this deal, the company becomes a part of the UAV community on board to assist SAR organization across the globe.
The unmanned aerial vehicles are proving to be of great use in SAR efforts in various critical missions from locating a lost child to finding victims during earthquake rescue operations. A drone hobbyist in is building a global search and rescue support organization of drone pilots named as ‘Search with Aerial Multirotor’ or ‘SWARM.’ He is the same person who was instrumental in locating a missing senior in 2014 in California. The network, today with over 1,100 pilots, is now active in almost 50 countries.
Gerald B. Hammack who is President and CEO of Valmie Resources Inc (OTCBB:VMRI) said that it has been shown in the U.S. and other nations that UAV’s have huge potential to support SAR efforts. As company continues to fulfill its growth objectives, the team is thrilled to add a humanitarian measure to its technology. Just as UAV’s will change the agriculture industry, it will definitely prove beneficial in the humanitarian sector.
The main focus
Valmie main focus area is on agriculture where unmanned aerial vehicles are anticipated to result in largest economic impact. The company recently finalized a definitive deal with an international crop monitor to offer its commercial drone technology for agribusiness clients in South and Central America. In the U.S., the Federal Aviation Administration (FAA) has yet to freely allow the use of drones for agribusiness.
IN last trading session, the stock price of VMRI declined more than 5% to close the session at $1.30. The decline came at a share volume of 146,064 compared to average share volume of 97,227.