Acquisitions and Strategic Growth - The acquisition of COMSovereign Corp. was completed on November 27, 2019, for approximately $75 million, expected to drive profitable growth in new markets and benefit from key industry trends like 5G infrastructures and IoT [30]. - The proposed acquisition of Virtual Network Communications Inc. (VNC) is contingent upon raising at least $3 million in gross proceeds from equity or debt securities [32]. - DragonWave, acquired in April 2019, is the second largest provider of licensed point-to-point microwave backhaul radios in North America, with installations in over 330,000 locations across more than 100 countries [33]. - The acquisition of Sovereign Plastics in March 2020 aims to reduce production cycles for components from months to days, enhancing operational efficiency [40]. - The company has expanded its service offerings and geographic reach through a series of acquisitions over the past two years, targeting various elements of the North American telecom infrastructure [33]. - The company is pursuing strategic acquisitions to enhance earnings and expand geographic reach, contributing to accelerated revenue growth [66]. Market Trends and Connectivity - The mobile industry contributed $4 trillion to the global GDP last year, accounting for almost 5% of the total GDP, with a 10% increase in mobile broadband connectivity potentially leading to a 2% GDP increase in both developed and underdeveloped regions [53]. - As of Q4 2019, 33 operators across 18 countries had launched commercial 5G mobile services, with 77 operators planning to launch 5G services soon, indicating a growing investment in 5G infrastructure [43]. - Less than 10% of the global population (approximately 750 million) lacks access to mobile broadband, down from approximately 24% five years ago, highlighting improvements in connectivity [49]. - The transition to 5G is expected to enhance mobile broadband, support billions of IoT connections, and provide low latency for critical applications [55]. Product Development and Innovation - The introduction of In-Band Full-Duplex technology is expected to double data throughput on existing antennae, with commercial rollout anticipated in early 2021 [70]. - The Harmony Enhanced radios can deliver over 2 billion bits per second (Gbps) in a single radio, with scalability to 4 Gbps via MIMO in a single channel [69]. - The InduraPower subsidiary's lithium-ion batteries offer a lifespan approximately five times longer than conventional lead-acid batteries, with a 70% reduction in weight [73]. - The WASP tethered aerostat system provides tactical aerial monitoring capabilities, designed for military and national security applications [75]. Operational Efficiency and Cost Management - The company aims to reduce manufacturing costs by up to 45% for certain products through the acquisition of Sovereign Plastics, enhancing overall profitability [67]. - The manufacturing of microwave radios is outsourced to Benchmark Electronics, allowing for reduced costs and quick adjustments to customer demand [83]. - The company maintains a contract manufacturing relationship to enhance operational efficiency and scale-up capacity [85]. Research and Development - The company focuses its research and development efforts on product areas with potential for significant sales within a one-to-three-year period [92]. - As of December 31, 2019, the company had 72 patents granted and six patent applications pending in the United States and foreign jurisdictions [95]. Employee Relations and Workforce - The company employed 80 full-time employees, with 24 in research and development, 26 in operations, and 30 in executive and administrative roles as of December 31, 2019 [103]. - The company has never experienced a work stoppage and considers employee relations to be good, with no employees represented by labor organizations [103]. Competitive Landscape and Market Challenges - The telecommunications and mobile broadband markets are highly competitive, with principal competitors including Ericsson, Nokia, and Huawei [89]. - The company does not anticipate difficulties in obtaining raw materials necessary for production, although some components for Drone Aviation products are custom-made and sourced from limited suppliers [87][88]. - The company’s products and services are subject to export controls and economic sanctions, which may affect its ability to operate internationally [98]. - The company has a program to identify technology for patent protection and relies on various legal protections for its intellectual property rights [93]. - The company’s business may be affected by global trade and tariff policies, which can increase production costs and impact pricing [97]. Sales and Market Penetration - The company plans to enhance sales growth by expanding its direct sales force in North America and leveraging over 700 existing customers to increase market penetration [60].

Financial Performance - Revenues for the nine months ended September 30, 2019, increased by $3,124,996, or 314%, to $4,120,834 compared to $995,838 for the same period in 2018[119] - Gross profit for the nine months ended September 30, 2019, was $2,351,228, an increase of $1,893,007, or 413%, from $458,221 in the same period in 2018, with gross profit margins of 57% and 46% respectively[121] - Net loss decreased by $3,469,192, or 88%, to $475,064 for the nine months ended September 30, 2019, from a net loss of $3,944,256 for the same period in 2018[125] - The company recognized $4.1 million in gross revenue through September 30, 2019, and expects to recognize substantially all remaining revenue by the end of 2019, representing a 144% increase over the approximately $2.7 million gross revenue reported for the entire twelve months of 2018[104] Expenses and Cash Flow - General and administrative expenses decreased by $1,425,764, or 34%, to $2,732,430 for the nine months ended September 30, 2019, from $4,158,194 for the same period in 2018[122] - The company had $1,624,758 in cash as of September 30, 2019, compared to $2,282,365 at December 31, 2018, a decrease of $657,607[126] - Net cash used in operating activities was $2,461,331 for the nine months ended September 30, 2019, a decrease of 7% from $2,291,315 in the same period of 2018[137] - The company invested $104,026 in investing activities during the nine months ended September 30, 2019, compared to $54,721 net cash provided in the same period of 2018[138] - Net cash provided by financing activities was $1,907,750 for the nine months ended September 30, 2019, compared to $1,800,000 in the same period of 2018[139] Assets and Liabilities - Total current assets increased to $4,470,135 with total current liabilities of $2,595,287, resulting in working capital of $1,874,848 at September 30, 2019, compared to $212,879 at December 31, 2018[127] - As of September 30, 2019, the company reported cash of $1,624,758 and working capital of $1,874,848, with a net loss of $475,064 for the nine months ended[128] - The company has $2,000,000 drawn against the CNB Line of Credit, with accrued interest of $8,097 recorded as of September 30, 2019[132] - The company is dependent on significant shareholders to provide or loan funds to meet working capital needs, as there are currently no agreements for additional financing[131] - As of September 30, 2019, the company had an accumulated deficit of $38,947,154[134] Business Development - The company announced a $3.8 million WASP award and a $1.1 million award for WASP Lite systems, contributing to over $6.6 million in new business in the first nine months of 2019[104] - The company plans to continue considering strategic transactions, including acquisitions and joint ventures, to expand its business[108] - The company delivered upgraded real-time video distribution technology for U.S. Army WASP aerostats and received a patent allowance for converting battery-powered drones into ground-powered tethered drones[106] - The company expects a substantial increase in revenues for the remainder of 2019, supported by a $3.7 million order for aerostats announced in December 2018 and additional orders totaling $2.8 million in 2019[128] - The company raised over $4 million through stock sales in December 2018, providing ample working capital for WASP system production[128]

? DRONE AVIATION CORP DRONE AVIATION HOLDING CORP. (OTCQB: DRNE) Investor Presentation September 2019 TAMING ALTITUDE™ FORWARD-LOOKING STATEMENT Certain information and statements in this presentation constitute forward-looking statements. Words such as forecast, project, intend, expect, should, would, could, may, will, anticipates, believes, plans and other similar expressions and all statements which are not historical facts are considered forward-looking statements or information. These statements are ba ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Nevada 46-5538504 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered None N/A N/A FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to _________ Commission file number: 333-150332 DRONE AVIATION HOLDING CORP. (Exact name of registrant as specified in its charter) | --- | --- | |- ...

< PRONE DRONE AVIATION HOLDING CORP. (OTCQB: DRNE) Investor Presentation April 2019 TAMING ALTITUDE™ FORWARD-LOOKING STATEMENT Certain information and statements in this presentation constitute forward-looking statements. Words such as forecast, project, intend, expect, should, would, could, may, will, anticipates, believes, plans and other similar expressions and all statements which are not historical facts are considered forward-looking statements or information. These statements are based on DRNE's curr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2018 Commission File No. 333-150332 DRONE AVIATION HOLDING CORP. (Exact name of registrant as specified in its charter) Nevada 46-5538504 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 11651 Central Parkway #118 Jacksonville FL 32224 (Address of princip ...