NEW YORK, June 01, 2017 (GLOBE NEWSWIRE) -- Drone USA, Inc. (OTC Markets:DRUS) (“Drone USA” or the “Company”), a developer and manufacturer of low altitude Unmanned Aerial Vehicles (“UAVs”) and related technologies, today announced that it is considering manufacturing both the Shadow and Cyclops police drones in the Northeast.
Michael Bannon, Drone USA’s Chief Executive Officer, commented: “We are considering manufacturing our police Shadow and Cyclops drones in Connecticut. We have met with employees from the Connecticut Department of Economic & Community Development and are reviewing Connecticut’s manufacturing incentive programs and application process. We are pleased with what Connecticut is offering. In addition, we are looking to the individual towns to see what potential tax incentives they provide. Concurrently, we are also looking to explore other potential locations in the Northeast such as Massachusetts, New York, and New Jersey. All four states house top engineering universities and large aerospace manufacturers ensuring us access to a talented labor pool. Within the year, we are looking to hire somewhere between 25 and 30 new employees. In the past, I utilized the same Connecticut program with another business I own. To date that business employs over 55 individuals ranging from sales, administrative, engineering and manufacturing staff. Although we are in the early stages, we have identified a property that we are interested in. It is approximately 12,000 square feet and very reasonably priced. Because we anticipate rapid growth in the police drone market, we will move quickly.”
About Drone USA, Inc.
Headquartered at One World Trade Center in New York, NY, Drone USA is a primary developer and manufacturer of low altitude unmanned aerial vehicles (UAV) and related technologies. Target markets include select defense segments (military), public safety (police, fire, emergency response), and high growth commercial applications such as agriculture, photogrammetry, mining, utilities, and entertainment. The Company seeks to strengthen its systems portfolio by acquiring UAV firms with superior technologies that are proven in high-growth markets, as well as complementary technologies such as sensors and software.
For additional information about Drone USA, please visit www.droneusainc.com.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.