Infrax Systems Inc (OTCMKTS:IFXY) reported that it is working on agricultural and security drones utilizing using SNIC technology for its agritech and utility clients, including FutureWorld Corp (OTCMKTS:FWDG). The security drones will have the latest version of the “Spider II” security network.
It will use its Host Interface Board of flagship product Secure Network Interface Card for protected communication for the advancement of the drones. The development work of Security and Agricultural Drones will be done by forming a joint venture with FutureWorld. Infrax will associate with third party drone makers to implant its unique technologies for Security and Agricultural Drones.
It is for the first time when agricultural drones have legal approval to collect widespread data for an entire cultivation season. It will enable firms to assess their technologies and business models together. Precision agriculture, a part of crop management that uses big and GPS data, will serve as the most efficient form to enhance profits and boost crop yields while resolving food and water crises particularly in States like California.
As per a widely-cited drone publication in Forbes, the legalization of commercial drones will result in immense economic benefits of more than $80 billion between 2015 and 2025. Also, it highlighted that precision agriculture will be the leading contributor in that growth. Advanced sensors based in the center of the drones will claim a bigger part of the UAV cost stack.
As per Lux Research, the United States will lead in unit sales. The total sale of drones is expected to touch 1.4 million in 2025. The sales in the U.S. will stand at the top with 330,000 units, while South Africa and Europe will follow.
In last trading session, the stock price of declined more than 33% to close the trading session at $0.00020. The decline came at a share volume of 125.55 million compared to average share volume of 33.66 million.