RDARS Inc. Announces Fiscal Q3 2023 Revenue of $240,000 in Pre-Market Sales of Its Eagle Watch Platform
- RDARS has started selling its autonomous 'Drone in a Box' Eagle Watch Platform.
- Q3 2023 revenues reached $240,000.
- The company received its first BVLOS Certificate of Waiver from the FAA.
- RDARS aims to achieve one million deployed installations and units to clients in the USA and Canada.
- None.
Toronto, Ontario--(Newsfile Corp. - November 2, 2023) - RDARS Inc. (CSE: RDRS) (OTCQB: RDRSF) ("RDARS" or the "Company"), an autonomous robotics and drone technology company developing advanced systems and artificial intelligence AI for alarm system augmentation and surveillance, is pleased to announce that the Company has commenced sales of its autonomous "Drone in a Box" Eagle Watch Platform with Q3 2023 Revenues of
RDARS CEO, Charles Zwebner, expressed, "We at RDARS take immense pride in this milestone. The shift from R&D to sales, especially after a challenging four-year period marked by COVID, has filled us with exhilaration. The market's enthusiastic response and interest towards our Eagle Watch Platform product is overwhelming, and we eagerly are now beginning to forecast the scale of the vast opportunities coming our way. We remain confident that no other system worldwide matches ours in terms of advanced, state-of-the-art AI technology tailored specifically for FAA compliance, at a comparable price point."
"We will continue to work with the FAA to achieve large scale deployments with criteria based BVLOS Waivers and approvals during 2024 and are already gearing up for numerous deployments. It has and continues to be my vison and business plan to achieve sales by working with large security company channel partners, that are operated and managed by RDARS-trained FAA Part 107 drone licensed pilots that is executed under a SaaS/HaaS revenue model - our objective: one million deployed installations and units to clients in the USA and Canada, without yet even counting in the rest of the world opportunities," added Charles.
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 of 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.sedarplus.ca.
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 benefits, features, and applications of the Company's products and technologies; the Company's product offerings; the Company's target market for its products and technologies; the Company's mission as stated; the Company's BVLOS waiver certificate; and the Company's plans in shifting from R&D to commercialization and the anticipated opportunities, proposed partners and partnerships, anticipated reception of its products, revenue models and related timelines thereof.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: no adverse changes to the benefits, features, and applications of the Company's products and technologies; the Company's ability to continue providing its product offerings; the Company's ability to maintain its target market for its products and technologies; the Company's ability to continue and carry out its mission as stated; the Company's ability to maintain its BVLOS waiver certificate; and the Company having the ability to carry out its plans in shifting from R&D to commercialization as stated.
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: adverse changes to the benefits, features, and applications of the Company's products and technologies; the Company's inability to continue providing its product offerings; the Company's inability to maintain its target market for its products and technologies; the Company's inability to continue and carry out its mission as stated; the Company's inability to maintain its BVLOS waiver certificate; and the Company's inability to carry out its plans in shifting from R&D to commercialization as stated.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/186037
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