Bantec's Drone USA Receives Repeat Business Purchase Order from New Jersey Police Department to Technologically Upgrade their Drone Fleet

Rhea-AI Summary

Bantec, Inc. (OTCPINK: BANT) announced on Sept. 21, 2022, that its subsidiary, Drone USA, secured a repeat purchase order from a New Jersey Police Department to upgrade their drone fleet. CEO Michael Bannon highlighted that the rapid advancements in drone technology create continuous sales opportunities, akin to the computer industry's evolution in the 1990s. The upgrade will enhance features such as thermal imaging and flight duration, indicating potential increased sales for Bantec in 2022 and beyond.

Positive

• Repeat business purchase order from a New Jersey Police Department indicates growing demand.
• Potential for increased sales in 2022 due to technological upgrades in the drone fleet.

Negative

• None.

LITTLE FALLS, N.J., Sept. 21, 2022 /PRNewswire/ -- Bantec, Inc. (OTCPINK: BANT) ("Bantec" or the "Company"), Bantec, Inc., a product and services company, announces that its subsidiary Drone USA received a repeat business purchase order from a New Jersey Police Department to technologically upgrade their drone fleet.

Michael Bannon, Bantec's Chairman and CEO said: "Drone technology advances move at light speed.  We see our police and fire customers coming back for the latest technology upgrades.   Unlike buying other types of police and fire equipment such as side arms, body armor or hoses,  which can last decades, drone technology advances create endless sales opportunities.  The drone industry reminds me of the computer industry back in the 1990s where technology progressed at an unbelievable speed.  This drone customer desired a superior thermal camera and much longer flight time.    As drone technology rapidly advances, our customers will come back seeking upgrades to maintain their fleet's capabilities.  This will certainly increase our sales in 2022 and beyond.

About Drone USA

Drone USA offers full-service drone consulting, from helping you purchase the right UAVs and accessories, to getting you trained, practiced, and licensed. Whether you're a private security team, police force, or government department, our huge selection of drone technology and training programs will ensure that your team flies smarter, safer, and with the precision of seasoned drone pilots.

Drone USA: www.droneusainc.com

About Bantec
Bantec, Inc, a product and services company, through its subsidiaries and divisions sells to facility managers, engineers, maintenance managers, purchasing managers and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments, and the US government. Our difference that matters consists of establishing lifelong customer and supplier friendships, responding immediately to our customers' needs, and providing products and services through a highly technically trained, motivated, and incentivized workforce.

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. 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 our Form 10-K filed with the U.S. Securities and Exchange Commission. 

Contacts:
Michael Bannon
Chairman & CEO
mike@bantecinc.com

View original content:https://www.prnewswire.com/news-releases/bantecs-drone-usa-receives-repeat-business-purchase-order-from-new-jersey-police-department-to-technologically-upgrade-their-drone-fleet-301628492.html

SOURCE Bantec, Inc.

FAQ

What recent business announcement did Bantec, Inc. (BANT) make?

Bantec, Inc. announced a repeat purchase order from a New Jersey Police Department for upgrading their drone fleet.

How does the drone technology market impact Bantec (BANT)?

The rapidly advancing drone technology market presents continuous sales opportunities for Bantec, potentially increasing their revenue.

When was the press release about Bantec's drone fleet upgrade issued?

The press release was issued on September 21, 2022.

What features are being upgraded in the New Jersey Police Department's drones?

The upgrades include superior thermal cameras and extended flight times.