UAV Corp. (OTC: UMAV) Strengthens Financial Position with Elimination of Convertible Promissory Notes, Ongoing Debt Reduction, and Strategic New Sensor Division
UAV Corp. (OTC: UMAV) has announced several strategic initiatives to strengthen its financial position and operational capabilities. The company has successfully paid off three convertible promissory notes and is negotiating to eliminate two more, with plans to clear most notes by end-2025. This move significantly reduces dilution risk for shareholders.
CEO Michael Lawson has committed to focusing exclusively on UAV Corp., stepping away from other public company roles. The company is also launching a new Sensor Division focusing on advanced optics and bio-sensor technologies for various applications including agriculture and mining. These sensors will be integrated into their DART airships and AIG's T-Wing drones.
The company's DART SA70-12 airship is being prepared for testing in Port St. Joe, Florida, with public viewing opportunities upcoming. Additionally, Atlantic Industrial Group (AIG) continues developing high-altitude VTOL drones with swarm capabilities.
UAV Corp. (OTC: UMAV) ha annunciato diverse iniziative strategiche per rafforzare la sua posizione finanziaria e le capacità operative. L'azienda ha estinto con successo tre cambiali convertibili ed è in trattativa per eliminare altre due, con l'obiettivo di saldare la maggior parte delle cambiali entro la fine del 2025. Questa mossa riduce significativamente il rischio di diluizione per gli azionisti.
Il CEO Michael Lawson ha deciso di dedicarsi esclusivamente a UAV Corp., rinunciando a ruoli in altre società quotate. L'azienda sta inoltre lanciando una nuova Divisione Sensori focalizzata su tecnologie avanzate di ottica e biosensori per applicazioni in agricoltura, estrazione mineraria e altro. Questi sensori saranno integrati nei dirigibili DART e nei droni T-Wing di AIG.
Il dirigibile DART SA70-12 è in fase di preparazione per i test a Port St. Joe, Florida, con opportunità di visione pubblica in arrivo. Inoltre, Atlantic Industrial Group (AIG) continua a sviluppare droni VTOL ad alta quota con capacità di volo in sciame.
UAV Corp. (OTC: UMAV) ha anunciado varias iniciativas estratégicas para fortalecer su posición financiera y capacidades operativas. La compañía ha pagado con éxito tres pagarés convertibles y está negociando para eliminar dos más, con planes de liquidar la mayoría de los pagarés para finales de 2025. Esta acción reduce significativamente el riesgo de dilución para los accionistas.
El CEO Michael Lawson se ha comprometido a enfocarse exclusivamente en UAV Corp., dejando otros cargos en empresas públicas. La compañía también está lanzando una nueva División de Sensores centrada en tecnologías avanzadas de óptica y biosensores para diversas aplicaciones, incluyendo agricultura y minería. Estos sensores se integrarán en los dirigibles DART y los drones T-Wing de AIG.
El dirigible DART SA70-12 se está preparando para pruebas en Port St. Joe, Florida, con próximas oportunidades de visualización pública. Además, Atlantic Industrial Group (AIG) continúa desarrollando drones VTOL de gran altitud con capacidades de enjambre.
UAV Corp. (OTC: UMAV)는 재무 상태와 운영 역량 강화를 위한 여러 전략적 계획을 발표했습니다. 회사는 세 건의 전환 사채를 성공적으로 상환했으며, 추가로 두 건을 제거하기 위해 협상 중이며 2025년 말까지 대부분의 사채를 정리할 계획입니다. 이 조치는 주주들의 희석 위험을 크게 줄입니다.
CEO 마이클 로손은 UAV Corp.에 전념하기로 하며 다른 상장 회사의 역할에서 물러났습니다. 또한 회사는 농업 및 광업 등 다양한 분야에 적용되는 첨단 광학 및 바이오 센서 기술에 중점을 둔 새로운 센서 부서를 출범시켰습니다. 이 센서들은 DART 비행선과 AIG의 T-Wing 드론에 통합될 예정입니다.
DART SA70-12 비행선은 플로리다 주 포트 세인트 조에서 시험 준비 중이며, 곧 공개 관람 기회가 제공될 예정입니다. 아울러 Atlantic Industrial Group(AIG)은 군집 비행 능력을 갖춘 고고도 VTOL 드론 개발을 계속 진행하고 있습니다.
UAV Corp. (OTC : UMAV) a annoncé plusieurs initiatives stratégiques pour renforcer sa position financière et ses capacités opérationnelles. La société a remboursé avec succès trois billets convertibles et négocie pour en éliminer deux autres, avec l'objectif de solder la plupart des billets d'ici fin 2025. Cette démarche réduit considérablement le risque de dilution pour les actionnaires.
Le PDG Michael Lawson s'est engagé à se consacrer exclusivement à UAV Corp., en quittant ses autres postes dans des sociétés cotées. La société lance également une nouvelle Division Capteurs axée sur les technologies avancées d'optique et de biosenseurs pour diverses applications, notamment l'agriculture et l'exploitation minière. Ces capteurs seront intégrés dans leurs dirigeables DART et les drones T-Wing d'AIG.
Le dirigeable DART SA70-12 est en cours de préparation pour des essais à Port St. Joe, en Floride, avec des opportunités de visite publique à venir. Par ailleurs, Atlantic Industrial Group (AIG) poursuit le développement de drones VTOL à haute altitude avec des capacités en essaim.
UAV Corp. (OTC: UMAV) hat mehrere strategische Initiativen angekündigt, um seine finanzielle Lage und operative Fähigkeiten zu stärken. Das Unternehmen hat erfolgreich drei wandelbare Schuldscheine zurückgezahlt und verhandelt derzeit, um zwei weitere zu eliminieren, mit dem Ziel, die meisten Schuldscheine bis Ende 2025 zu tilgen. Dieser Schritt reduziert das Verwässerungsrisiko für Aktionäre erheblich.
CEO Michael Lawson hat sich verpflichtet, sich ausschließlich auf UAV Corp. zu konzentrieren und andere öffentliche Unternehmensrollen aufzugeben. Das Unternehmen startet zudem eine neue Sensor-Abteilung, die sich auf fortschrittliche Optik- und Biosensortechnologien für verschiedene Anwendungen wie Landwirtschaft und Bergbau spezialisiert. Diese Sensoren werden in ihre DART-Luftschiffe und die T-Wing-Drohnen von AIG integriert.
Das DART SA70-12 Luftschiff wird derzeit für Tests in Port St. Joe, Florida, vorbereitet, mit bevorstehenden öffentlichen Besichtigungsmöglichkeiten. Zusätzlich entwickelt Atlantic Industrial Group (AIG) weiterhin hochfliegende VTOL-Drohnen mit Schwarmfähigkeiten.
- Elimination of three convertible promissory notes, reducing dilution risk
- CEO's exclusive focus on UAV Corp, demonstrating strong leadership commitment
- Launch of new Sensor Division expanding technology portfolio
- Progress in debt reduction with plans to clear majority of notes by end-2025
- Development of DART airship and T-Wing drone technologies advancing as planned
- Multiple convertible notes and debt obligations still remain to be addressed
- Significant capital requirements likely needed for new Sensor Division development
WEWAHITCHKA, Fla., July 24, 2025 (GLOBE NEWSWIRE) -- UAV Corp. (OTC: UMAV), a leader in innovative manned and unmanned aerial vehicle (UAV) technologies, is pleased to announce significant progress in strengthening its financial foundation. The company has successfully paid off three convertible promissory notes, which can no longer be converted into equity, marking a pivotal step in reducing dilution risk and enhancing shareholder value. Additionally, UAV Corp. is actively negotiating to eliminate two more notes and has achieved a significant reduction in its largest debt, further solidifying its balance sheet. The company remains on track to have the majority of its notes paid off by the end of 2025.
In a strategic move to maximize shareholder value and streamline operations, CEO Michael Lawson has announced his decision to focus all of his energies exclusively on UAV Corp. (OTC: UMAV). To this end, Mr. Lawson has chosen to step away from any officer or director roles in other public companies, ensuring his full commitment to driving UAV Corp.’s growth and innovation. Furthermore, UAV Corp. is introducing a new unique Sensor Division under the UAV Corp. umbrella, utilizing advanced optics and bio sensor technologies, creating a wholly-owned subsidiary enhances the company’s portfolio and shareholder value. This strategic move positions UAV Corp. to leverage sensor capabilities in multi spectral imaging and bio-sensor payloads for agriculture, atmospheric testing, mining and many other applications to later integrate into Skyborne Technology’s DART series drone airships and AIG’s T-Wing drones.
“Our team is focused on building a stronger, more innovative UAV Corp.,” said Michael Lawson, CEO. “Eliminating convertible debt, reducing our financial obligations, and bringing an advanced Sensor Division under the UAV Corp. umbrella are critical steps in our mission to deliver exceptional value to our shareholders and lead the industry in UAV, airship and sensor technologies.”
The DART SA70-12 airship is ready for the weight balance analysis and is being prepped for the move down to the test site in Port St. Joe, Florida. An announcement will be forth coming on the schedule for public viewing which will also be available on the internet live.
Advanced sensors to be in integrated on DART Airships and T-Wing Technologies
Atlantic Industrial Group (AIG) continues production development for high altitude, agile VTOL drones in general markets and designed to operate with UAV Corp LTA. Multiple models, with various propulsion methods enable UAV Corp LTA’s to operate effectively with swarm capabilities. Maceo Remy commenting, “AIG engineering model uses proven technologies that are independently tested and undervalued, as in the case of T-Wing a high Oswald efficiency multi use VTOL. We’re excited to have the opportunity to combine this technology with UAV Corp and drive America’s drone air dominance.” Continuing, “AIG is excited to continue development of its Wewahitchka Florida manufacturing facility, working closely with Gulf County and the state of Florida.”
About Atlantic Industrial Group Inc. (AIG)
AIG is a venture manufacturing firm, specializing in acquisition and development of manufacturing capacity, utilizing existing technologies which meet internal criteria for rapid commercialization and manufacturing in the United States.
Investor relations:
Atlantic Industrial Group Inc.
Maceo Remy
mremy@atlanticindustrialgroup.com
For more information about UAV Corp. and its innovative technologies, please visit www.uavcorp.net.
About UAV Corp.
UAV Corp. (OTC: UMAV) is a leading developer of manned and unmanned aerial vehicle technologies, specializing in lighter-than-air platforms, advanced surveillance solutions, and high-performance aerial systems for defense, government, and commercial applications. With a focus on innovation, strategic partnerships, and sustainable growth, UAV Corp. is driving the future of aerial technology.
Investor Relations:
Email: info@uavcorp.net
Phone: (877) 425-1066
115 County Road 381, Wewahitchka, FL 32465
www.uavcorp.net
Safe Harbor Statement:
The information provided in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Identifiable by words such as “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and similar expressions, these statements may also be made in written or oral form in the company's filings with the U.S. Securities and Exchange Commission, OTC Markets, press releases, other written materials, or in oral statements made by its officers, directors, or employees to third parties. There can be no assurance that such statements will prove to be accurate. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Disclosure Statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the company's control. The company does not undertake any obligation to update publicly or to revise any statements in this release, whether as a result of new information, future events, or otherwise.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e237680-417b-457d-98a6-096edaaf2302
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