RDARS Completes Initial Development of Drone Eagle Nest and Watch "Off-Grid" System Solution Using Solar Power and SpaceX Starlink Communications
Toronto, Ontario--(Newsfile Corp. - June 27, 2023) - RDARS Inc. (CSE: RDRS) (OTCQB: RDRSD) ("RDARS" or the "Company"), an autonomous robotics and drone technology company developing advanced systems for alarm system augmentation and surveillance, is pleased to announce the successful completion of the initial development and testing phase of its revolutionary Eagle Nest Off-Grid solution. This cutting-edge implementation provides solar power, communications, and shelter for the Eagle Eye drone and also enables the system to be deployed anywhere within the SpaceX Starlink operational network. Further, Eagle Nest also offers robust connectivity options, including cellular, WiFi and LOS Radio communication options.
"With this integration and advancement, customers will be able to take a quadcopter drone system and drop it almost anywhere, even in the most remote locations as desired, while still maintaining complete operational control over the system. It is our vision that the only time a person would need to visit a deployed Eagle Nest station would be for maintenance, repair, or relocation purposes," said Charles Zwebner CEO of RDARS.
RDARS plans to initiate the deployment of these units for field testing in Q3 2023 at partner locations, with the system expected to be available for purchase in Q4 2023. "What I am proud about this development is that we truly are providing eyes and ears when and where you need them, and that is what autonomous robotics is really about. RDARS management is not aware of anything like this system on the market today. We are bringing the best technology to the market," said Jason Braverman CTO of RDARS.
Pricing has not yet been assigned.
Eagle Nest v3 with its Off-Grid Mod Base attachment
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About RDARS Inc.
RDARS possesses a disruptive technology that is advancing the security industry's approach to protecting commercial, industrial, and residential properties, by introducing protection with autonomous artificial intelligence systems that allows for real time response, situation awareness, verification, intervention, evidence recording, data capture, analysis, and immediate downstream transmissions to public safety agencies. RDARS has the ability, upon a property security breach, in real time to receive, analyze, and downstream the data and inform public safety agencies who the perpetrators potentially are before they even arrive at the property.
Founded in 2019, RDARS is an originator in its innovative equipment manufacturer of its flagship product, the Eagle Watch Platform comprising Eagle Eye, a drone, Eagle Nest, a drone station, Eagle Rover, an indoor robotic system, and Eagle Watch Command & Control Software. The Company's autonomous robotic systems provide situational awareness in a cost effective and reliable manner. The Company's mission is to improve alarm response and situational awareness by obtaining required approvals from federal regulatory agencies for BVLOS operations. RDARS is currently developing its technology for private and enterprise customers in the United States and Canada, where these customers require a more reliable and advanced understanding of their property security. For more information about RDARS, please visit its website at www.rdars.com and its profile page on SEDAR at www.sedar.com.
For more information, please contact:
Charles Zwebner
Chief Executive Officer
786-564-5602
charles.zwebner@rdars.com
Cautionary Note Regarding Forward-Looking Statements
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company's business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones; the Company's future growth prospects; the development of the Company's business and future activities following the date hereof; expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the autonomous drone and robotic industry and security industry generally; the market for the Company's current and proposed product offerings, as well as the Company's ability to capture market share; the Company's strategic investments and capital expenditures, and related benefits; the distribution methods expected to be used by the Company to deliver its product offerings; the competitive landscape within which the Company operates and the Company's market share and reach; the performance of the Company's business and the operations and activities of the Company; the Company's ability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the Company's technology making an impact on the autonomous drone and robotic industry and security industry; the Company's products providing its consumers with the benefits as described herein; the Company continuing its research and development in its products; the Company's anticipation for the deployment of its products under the timelines stated; the features, plans, and timelines with respect to the Company's Off-Grid system solutions, including its timelines for field testing in Q3 2023 and sale in Q4 2023 and its connectivity features; that the Company's drones will be able to be deployed almost anywhere in the world while still maintaining complete operational control over the system; and the Company's anticipation that that the only time a person would need to visit a deployed Eagle Nest station would be for maintenance, repair, or relocation purposes.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company's financial condition and development plans do not change as a result of unforeseen events; there will continue to be a demand, and market opportunity, for the Company's product offerings; current and future economic conditions will neither affect the business and operations of the Company nor the Company's ability to capitalize on anticipated business opportunities; current and future members of management will abide by the Company's business objectives and strategies from time to time as established by the Company; the Company will retain and supplement its board of directors and management, or otherwise engage consultants and advisors having knowledge of the industries (or segments thereof) within which the Company may from time to time participate; the Company will have sufficient working capital and the ability to obtain the financing required in order to develop and continue its business and operations; the Company will continue to attract, develop, motivate and retain highly qualified and skilled consultants and/or employees, as the case may be; no adverse changes will be made to the regulatory framework governing beyond visual line of sight operations, taxes and all other applicable matters in the jurisdictions in which the Company conducts business and any other jurisdiction in which the Company may conduct business in the future; the Company will be able to generate cash flow from operations, including, where applicable, distribution and sale of its products; the Company will be able to execute on its business strategy as anticipated; the Company will be able to meet the requirements necessary to obtain and/or maintain authorizations required to conduct the business; the Company's continuing ability to meet the requirements necessary to remain listed on the CSE; general economic, financial, market, regulatory, and political conditions,, will not negatively affect the Company or its business; the Company will be able to successfully compete in the autonomous drone and robotic industry and security industry; prices offered by competitors will not decline materially; the Company will be able to effectively manage anticipated and unanticipated costs; the Company will be able to conduct its operations in a safe, efficient and effective manner; general market conditions will be favorable with respect to the Company's future plans and goals; the Company's technology will make an impact on the autonomous drone and robotic industry and security industry; the Company's products providing its consumers with its benefits as described herein; the Company will deploy its products under the timelines stated; the Company's anticipation for the deployment of its products under the timelines stated; the Company having the ability to realize upon the state features, plans, and timelines with respect to the Company's Off-Grid system solutions, including its timelines for field testing in Q3 2023 and sale in Q4 2023 and its connectivity features; the Company having the ability to develop its drones so that they will be able to be deployed almost anywhere in the world while still maintaining complete operational control over the system; and the Company having the ability to develop its Eagle Nest solution so that the only time a person would need to visit a deployed Eagle Nest station would be for maintenance, repair, or relocation purposes.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the risks associated with the autonomous drone and robotic industry and security industry in general; the inability of the Company to obtain requisite approvals; the Company's inability to attract and retain qualified members of management to grow the Company's business and its operations; unanticipated changes in economic and market conditions or in applicable laws; the Company's inability to secure or maintain required authorizations necessary to conduct the business and operations and meet its targets; the Company's inability to effectively manage unanticipated costs and expenses, including costs and expenses; the risk's associated with the Company's in meeting its business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones; the inability of the Company's to identify and secure future growth prospects; the Company's inability to develop its business and future activities following the date hereof; the Company's inability to meet or exceed expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; the Company's inability to meet the requirements necessary to remain listed on the CSE; the Company's inability to meet or exceed expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the autonomous drone and robotic industry and security industry generally; the risks associated with the market for the Company's current and proposed product offerings, as well as the Company's inability to capture market share; the risks associated with the Company's strategic investments and capital expenditures, and related benefits; the risks associated with the distribution methods expected to be used by the Company to deliver its product offerings; the risks associated with the competitive landscape within which the Company operates and the Company's market share and reach following the date hereof; the lack of performance of the Company's business and the operations and activities of the Company following the date hereof; the Company's inability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the Company's technology making an impact on the autonomous drone and robotic industry and security industry; the inability of the Company's products to provide its consumers with its benefits as described herein; the Company will not deploy its products under the timelines stated; the Company's inability to realize upon the state features, plans, and timelines with respect to the Company's Off-Grid system solutions, including its timelines for field testing in Q3 2023 and sale in Q4 2023 and its connectivity features; the Company inability to develop its drones so that they will be able to be deployed almost anywhere in the world while still maintaining complete operational control over the system; and the Company inability to develop its Eagle Nest solution so that the only time a person would need to visit a deployed Eagle Nest station would be for maintenance, repair, or relocation purposes.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events, or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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