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UAV Corp. (OTC: UMAV) Strengthens Financial Position with Elimination of Convertible Promissory Notes, Ongoing Debt Reduction, and Strategic New Sensor Division
Prism Media Wire· 2025-07-24 12:33
UAV Corp. (OTC: UMAV) Strengthens Financial Position with Elimination of Convertible Promissory Notes, Ongoing Debt Reduction, and Strategic New Sensor Division WEWAHITCHKA-PORT ST. JOE, Fla., July 24, 2025 – PRISM MediaWire – 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 ...
UAV Corp. Drives Growth with Partnership, Dividend, New Leadership, and DART SA-70 Test Success
Globenewswire· 2025-04-30 12:30
Core Insights - UAV Corp. has formed a strategic partnership with Fifty 1 Labs to enhance aerial surveillance and biohazard detection capabilities, following a successful inflation test of the DART SA-70 [1][2][3] - The partnership aims to integrate UAV platforms with Fifty 1 Labs' BioSentry Division, which focuses on developing IoT-enabled sensors for real-time detection of various threats [2][11] - Shareholders of UAV Corp. will receive a dividend of Fifty 1 Labs shares, aligning the interests of both companies and enhancing shareholder value [4][11] Strategic Partnership Details - The collaboration will utilize advanced technologies such as PCR, immunoassays, spectrometry, and AI analytics to embed sensors into UAV Corp.'s airships and drones [2] - This partnership positions UAV Corp. to pursue high-value Department of Defense (DoD) contracts and lead in defense, public safety, and wellness solutions [1][11] Management and Operational Milestones - Following the successful DART SA-70 inflation test, UAV Corp. is progressing towards operational deployment, with a focus on weight balance analysis for upcoming flight tests [5][6] - The integration of Fifty 1 Labs' executive team, led by Michael Lawson, enhances UAV Corp.'s leadership and operational capabilities [6][10] Technological Advancements and Market Position - The expanded team will accelerate the delivery of the DART Series and T-Wing UAS, while also supporting UAV Corp.'s goal of uplisting to Nasdaq [7] - UAV Corp. has a proven track record in securing large defense and aerospace contracts, with $1.5 billion in active negotiations and $520 million in letters of intent [9][14] Future Outlook - The partnership and recent milestones position UAV Corp. to lead in the next generation of UAV technologies, with $20 million in funding commitments supporting growth initiatives [11] - Upcoming high-caliber management appointments are expected to further enhance UAV Corp.'s capabilities in securing multi-billion-dollar contracts and driving innovation [10]
UAV Corp. Successfully Completes Inflation Test of DART SA-70 Airship, Paving Way for Flight Readiness
Globenewswire· 2025-04-24 12:30
Core Insights - UAV Corp has successfully completed the inflation test of its DART SA-70 airship, marking a significant milestone towards full operational deployment [3][5] - The DART SA-70 is designed for high-endurance, multi-mission capabilities in various sectors including disaster relief, defense reconnaissance, and telecommunications [4][7] - The company is committed to aligning aerospace innovation with national security and climate resilience missions, with plans for further testing and deployment phases [6][7] Company Developments - The inflation test was attended by local government officials, investors, and UAV Corp's technical team, indicating strong stakeholder engagement [3][5] - The CEO of UAV Corp emphasized the importance of this milestone as a turning point for scalable airship technology [5] - The next steps for the DART SA-70 include weight balance analysis and live propulsion testing, with a transition plan to hybrid-electric or hydrogen fuel cell systems [6] Product Features - The DART SA-70 features a modular design that integrates mission-flexible avionics and dual drone launch capabilities, enhancing its operational versatility [5] - The airship is being prepared under a Special Airworthiness Certificate, with Phase I flight testing scheduled for May/June 2025 [7] - The platform is purpose-built to support various federal agencies, including FEMA and Homeland Security, showcasing its strategic importance [4][7]
UAV Corp. to Launch Inflation Test of SA-70 Airship This Week—A Gateway to High-Value Government and Defense Contracts
Globenewswire· 2025-04-21 17:30
Milestone Event Signals Readiness for Phase I Testing and Positions UAV Corp. to Execute on Over $500M in Strategic LOIsWEWAHITCHKA, Fla., April 21, 2025 (GLOBE NEWSWIRE) -- UAV Corp. (OTC: UMAV) announced today that its subsidiary, Skyborne Technology, will conduct a scheduled inflation test of its DART SA-70 airship on April 24, 2025, at the company’s Wewahitchka facility. This is a critical step in final system integration before weight balance and flight readiness tests projected to commence in May/June ...