Uav Corp - UMAV STOCK NEWS

UAV Corp. (OTC: UMAV) is expanding its presence in the global unmanned aerial vehicle market, which is projected to reach $58 billion by 2027. The company is implementing a multi-tiered strategy focusing on advanced R&D investments, government contract initiatives, commercial sector expansion, and strategic global partnerships.

Key developments include a strategic partnership with Atlantic Industrial Group, the launch of AI-driven Skyborne WAMI surveillance system, and efforts to secure $1.5 billion in contracts. The company is targeting both military and commercial applications, including border security, reconnaissance, infrastructure inspection, and agricultural monitoring.

UAV Corp. is positioning itself for potential uplisting to a major exchange and is developing AI-integrated UAV platforms for national security, commercial industries, and global surveillance initiatives.

UAV Corp (UMAV) has initiated land clearing at its wholly owned Costin Airport for the groundbreaking SKY Hangar project, scheduled to begin in Q1 2025. The state-of-the-art facility will be dedicated to housing advanced Spherical and Cylinder Class Drone-Airships, focusing on Lighter Than Air (LTA) Drone Technology.

The project's construction will be managed by Legacy Building Solutions for manufacturing and Winfield Construction as the general contractor. The facility will also serve as a hub for Atlantic Industrial Group (AIG), supporting SVTOL vehicle testing and pilot training programs in partnership with UAV Corp.

The project represents a significant milestone for UAV Corp, overcoming previous challenges including Hurricane Michael and the global pandemic, as the company positions itself at the forefront of aerial technology innovation.

UAV Corp. (OTC: UMAV) has announced two significant corporate developments: the retention of legal counsel to address legacy debt from the HTTI era and the successful reduction of authorized shares from 2 billion to 500 million. The share reduction is now officially reflected on OTC Markets, marking a strategic move to create a more transparent and sustainable corporate structure.

The company emphasizes that this reduction in authorized shares aims to minimize unnecessary dilution and maintain a clear path for future growth initiatives. Additionally, UMAV is collaborating with its Transfer Agent to provide regular share count updates, demonstrating its commitment to shareholder transparency and communication.

UAV Corp. (OTC: UMAV) has unveiled a groundbreaking AI-powered Wide Area Motion Imagery (WAMI) technology integrated with Skyborne platforms. This revolutionary surveillance system offers 24/7 persistent coverage with capabilities that surpass traditional satellite and aerial systems.

The Skyborne enhanced WAMI technology delivers 10x better resolution, 2x wider coverage, and 5x more operational user capability than competitors. It can record live video across a 24 km² area at 10 cm resolution, supporting up to 50 simultaneous live video streams with features like real-time playback and analysis.

Developed with over $250 million in DoD and commercial investments, this 100% U.S.-owned and ITAR-releasable technology is being presented to the administration as a solution for border security, offering AI-powered automated tracking and real-time threat detection capabilities.

UAV Corp (UMAV) has initiated its uplisting process from OTC to OTCQB marketplace, with plans to eventually list on NASDAQ. The company, specializing in unmanned aerial vehicles and airship technology, is currently advancing negotiations on major contracts worth $1.5 billion and has secured Letters of Intent totaling $105 million for its DART Series airships.

The company has partnered with Atlantic Industrial Group to integrate VTOL technologies into its UAV systems and plans to construct the 'SKY' hangar at Skyborne's Costin Airport for pilot training, testing, and production. Recent initiatives include reducing authorized shares and integrating AI-driven systems with hybrid hydrogen fuel propulsion. The company is also assembling the T-Wing drone in collaboration with the Economic Development Council and AIG engineers.

UAV Corp (OTC: UMAV) has secured Letters of Intent (LOIs) valued at $105 million for three DART Series airships. The company plans to break ground on the 'SKY' Hangar at Skyborne's Costin Airport in Q1 2025.

The DART Series Airship Version 2 features carbon fiber structures and advanced capabilities for applications including disaster relief, cargo transport, communications, and security. The company has partnered with Atlantic Industrial Group Inc. for drone integration, including T-Wing VTOL and MANTA units.

The upcoming DART SA70-12, launching in Q1 2025, will feature advanced station-keeping capabilities, detachable design, automated recovery systems, and hybrid hydrogen fuel cell propulsion systems. Initial launch delays are attributed to additional engineering requirements and capital needs for final integration.

UAV Corp. (UMAV) has announced a further reduction in its authorized share count from 800 million to 500 million shares, following a previous decrease from 2 billion to 800 million shares in December 2024. This strategic move aims to optimize the company's capital structure and enhance shareholder value.

Additionally, UMAV has secured a Letter of Intent (LOI) for up to $20 million in funding. The funding partner will complete the DART SA70-12 airship project, help retire outstanding debt, and receive one board seat. The company has 30 days to negotiate final terms.

The company's recent developments include a joint venture with Atlantic Industrial Group Inc. (AIG) to establish manufacturing capabilities at Skyborne Technology's Florida facility, focusing on high-efficiency drone production and utilizing 3D printing for airframe components.

UAV Corp (UMAV) reports a successful 2024 and announces strategic initiatives for 2025, including efforts to secure $1.5 billion in contracts and a new partnership with Atlantic Industrial Group (AIG). The collaboration integrates AIG's Vertical Take-Off and Landing (VTOL) technologies into Skyborne Technology's facilities in Gulf County, Florida.

The partnership involves AIG manufacturing advanced airframes at Skyborne's Wewahitchka facility using new Generation 3D printing systems. AIG brings 20 years of research data and proven vehicles like Verticopter, Converticopter, and Elytron, which have received NASA and Ames Laboratory certifications.

Additionally, UMAV's Board of Directors recently reduced the company's authorized share count and will consider further reductions in upcoming meetings, demonstrating commitment to optimizing capital structure and enhancing shareholder value.

UAV Corp (UMAV) has announced plans for a groundbreaking ceremony in Winter 2025 for its new 'SKY' hangar at Costin airport in Gulf County, Florida. The facility will house the company's Spherical and Cylinder Class Drone-Airships and other drone technologies. The company will invite shareholders and the public to several historical events, including the hangar groundbreaking, manufacturing demonstrations at Wewahitchka facilities, and flight tests of the semi-rigid DART SA70-12.

The 'SKY' hangar will be manufactured by Legacy Building Solutions from Minnesota. Additionally, Atlantic Industrial Group (AIG) will operate and test multiple SVTOL vehicles at the facility, run a digital design facility, and conduct pilot training in collaboration with UAV Corp.