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UAV Corp reports developments in unmanned aerial vehicle and lighter-than-air airship technology, including the DART SA-70 airship developed through its Skyborne Technology subsidiary. Company news centers on airship testing, modular payload integration, sensor capabilities, and potential applications in defense, homeland security, public safety, disaster relief, communications, surveillance, agriculture, mining, and atmospheric testing.
UMAV updates also cover corporate and capital-structure actions such as convertible note reductions, leadership appointments, security and intelligence strategy, strategic collaborations, and the formation of sensor-related capabilities using optics, multispectral imaging, and bio-sensor payload technologies.
UAV Corp (OTC: UMAV) has secured Letters of Intent (LOIs) valued at $105 million for three DART Series airships. The company plans to break ground on the 'SKY' Hangar at Skyborne's Costin Airport in Q1 2025.
The DART Series Airship Version 2 features carbon fiber structures and advanced capabilities for applications including disaster relief, cargo transport, communications, and security. The company has partnered with Atlantic Industrial Group Inc. for drone integration, including T-Wing VTOL and MANTA units.
The upcoming DART SA70-12, launching in Q1 2025, will feature advanced station-keeping capabilities, detachable design, automated recovery systems, and hybrid hydrogen fuel cell propulsion systems. Initial launch delays are attributed to additional engineering requirements and capital needs for final integration.
UAV Corp. (UMAV) has announced a further reduction in its authorized share count from 800 million to 500 million shares, following a previous decrease from 2 billion to 800 million shares in December 2024. This strategic move aims to optimize the company's capital structure and enhance shareholder value.
Additionally, UMAV has secured a Letter of Intent (LOI) for up to $20 million in funding. The funding partner will complete the DART SA70-12 airship project, help retire outstanding debt, and receive one board seat. The company has 30 days to negotiate final terms.
The company's recent developments include a joint venture with Atlantic Industrial Group Inc. (AIG) to establish manufacturing capabilities at Skyborne Technology's Florida facility, focusing on high-efficiency drone production and utilizing 3D printing for airframe components.
UAV Corp (UMAV) reports a successful 2024 and announces strategic initiatives for 2025, including efforts to secure $1.5 billion in contracts and a new partnership with Atlantic Industrial Group (AIG). The collaboration integrates AIG's Vertical Take-Off and Landing (VTOL) technologies into Skyborne Technology's facilities in Gulf County, Florida.
The partnership involves AIG manufacturing advanced airframes at Skyborne's Wewahitchka facility using new Generation 3D printing systems. AIG brings 20 years of research data and proven vehicles like Verticopter, Converticopter, and Elytron, which have received NASA and Ames Laboratory certifications.
Additionally, UMAV's Board of Directors recently reduced the company's authorized share count and will consider further reductions in upcoming meetings, demonstrating commitment to optimizing capital structure and enhancing shareholder value.
UAV Corp (UMAV) has announced plans for a groundbreaking ceremony in Winter 2025 for its new 'SKY' hangar at Costin airport in Gulf County, Florida. The facility will house the company's Spherical and Cylinder Class Drone-Airships and other drone technologies. The company will invite shareholders and the public to several historical events, including the hangar groundbreaking, manufacturing demonstrations at Wewahitchka facilities, and flight tests of the semi-rigid DART SA70-12.
The 'SKY' hangar will be manufactured by Legacy Building Solutions from Minnesota. Additionally, Atlantic Industrial Group (AIG) will operate and test multiple SVTOL vehicles at the facility, run a digital design facility, and conduct pilot training in collaboration with UAV Corp.
UAV Corp. (UMAV) has strategically reduced its authorized share count by 1.2 billion, lowering the total to 800 million. This move aims to optimize the capital structure, enhance shareholder value, and foster investor confidence. The reduction was approved by the Board of Directors and aligns with the company's goals of streamlining operations and positioning for future growth.
Additionally, UAV Corp. is advancing its growth through a joint venture with Atlantic Industrial Group Inc., leveraging 3D printing technologies to produce high-efficiency drones and lightweight airframe components. This initiative highlights UAV Corp.'s leadership in the UAV industry and commitment to innovation. The changes will be updated in the company’s amended articles of incorporation and all relevant corporate filings.
The reduction in authorized shares, along with recent milestones, underscores UAV Corp's focus on enhancing corporate governance and operational efficiency.
Skyborne Technology (UMAV) and Atlantic Industrial Group (AIG) announce a joint venture for manufacturing advanced UAVs and lighter-than-air vehicles at Skyborne's Wewahitchka, Florida facility. The partnership will utilize large-scale 3D printing for producing high-efficiency drone models (SVTOLs) and establish an in-house design center. The venture will operate at Skyborne's Costin Airport, where infrastructure development has been completed through federal and state grants. The facility will create high-paying jobs in drone fabrication, digital design, and business development. AIG will manufacture licensed technologies including VTOLs, energy generation, and propulsion systems for government contracts and private security applications.
Skyborne Technology, a subsidiary of UAV Corp (OTC Pink: UMAV), has announced the grand opening of its new office and hangar at its airport in Gulf County, Florida.
The facility will support advanced testing and flight operations for both manned and unmanned vehicles. The DART SA 70-12 airship, a versatile Lighter Than Air platform, will undergo a helium-lift check in June 2024, followed by FAA certification.
Skyborne Technology plans to host an open house in June and anticipates the construction of a 300-foot drone hangar, which will bolster regional economic growth. The new facility aims to enhance capabilities in disaster relief, communications, surveillance, and more.
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UAV Corp's Skyborne Technology has received a building permit from Gulf County, Florida, to construct a new drone hangar, the largest in the state. The project benefits from $1,104,868 in grant funding for the necessary infrastructure. This 100-foot high and 300-foot long hangar is expected to be completed by the end of 2023 and will facilitate production for the DATT SMA 600 drone series. Winfield Construction has been appointed as the general contractor. The initiative aims to create jobs and expand services at Costin Airport.
UAV Corp's (OTC: UMAV) subsidiary, Skyborne Technology, will showcase the advanced MOSP3000-HD camera sensor on its Lighter Than Air Drone SA 70-12 this winter. This system, developed by Israel Aerospace Industries' TAMAM Division, aims to enhance disaster relief communication efforts in collaboration with the Triumph Fund and Gulf Coast College. CEO Michael Lawson expressed excitement about the partnership with Stark Aerospace, which facilitates global usage of the MOSP3000-HD. The company aims to leverage innovative technologies for improved drone performance, establishing a competitive edge in the sector.