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UAV Corp's Skyborne Technology Announces the Official Grand Opening of a New Office and Hanger Located at Its Wholly Owned Airport in Gulf County, Florida

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Skyborne Technology, a subsidiary of UAV Corp (OTC Pink: UMAV), has announced the grand opening of its new office and hangar at its airport in Gulf County, Florida.

The facility will support advanced testing and flight operations for both manned and unmanned vehicles. The DART SA 70-12 airship, a versatile Lighter Than Air platform, will undergo a helium-lift check in June 2024, followed by FAA certification.

Skyborne Technology plans to host an open house in June and anticipates the construction of a 300-foot drone hangar, which will bolster regional economic growth. The new facility aims to enhance capabilities in disaster relief, communications, surveillance, and more.

Positive
  • Grand opening of new office and hangar at Gulf County airport supports advanced testing for manned and unmanned vehicles.
  • DART SA 70-12 airship features versatile, industry-leading capabilities for various applications.
  • Scheduled helium-lift check in June 2024 for FAA certification.
  • Upcoming open house event in June to showcase facilities and airship.
  • Construction of a 300-foot drone hangar will boost local economy.
  • Grants from Gulf County Board and U.S. Department of Commerce Economic Development Administration enabled infrastructure development.
  • Skyborne Technology focuses on diverse, critical missions including disaster relief and surveillance.
Negative
  • Upcoming tests and FAA certification are pending, with potential delays or failures impacting project timelines.
  • Financial dependence on grants and external funding sources poses risks to project sustainability.
  • Initial success hinges on helium-lift check and subsequent FAA certification, which are yet to be achieved.

Skyborne Technology Prepares for First Launch With a Helium Lift CHeck for Its New SA70-12 Airship

PORT ST. JOE, Fla., May 29, 2024 (GLOBE NEWSWIRE) -- Skyborne Technology, Inc. (STI), a UAV Corp subsidiary (OTC Pink: UMAV) announces the grand opening of its new office and hangar located at its wholly owned airport in Gulf County, Florida, paving the road for upcoming advanced testing and flight operations for manned and unmanned vehicles. The newest addition, the DART SA 70-12; the only semi-rigid Lighter Than Air (LTA) platform that can be flown either as a manned Airship, a tethered Aerostat or an unmanned UAV, will be featured. Its unmatched, industry leading capabilities make it the ultimate persistent airborne, advanced technology laboratory and test environment for Industry, Government and Academia, The platform is on schedule to host multiple near-term integration and technology performance tests for a variety of payloads to include; communications, RADAR, HD/EO/IR tracking cameras as well as other advanced surveillance and environmental systems. It will also be exercising its one-of-a-kind automated tether release system, as well as testing advanced power storage and generation techniques both onboard as well as technologies that beam power from the ground. Skyborne Technology is currently scheduled for a preliminary launch test in June of 2024 which comprises of filling the airship with helium lifting gas (helium-lift check) for the weight and balance analysis needed to initiate first test flights immediately after award of FAA Airworthiness Certification.

DART SA 70-12 airship

STI will announce the Open House dates in June to visit the facilities and view the DART airship. It is anticipated that several guests from government agencies both domestic and international, academia, industry partners and commercial customers will be attending. The company also anticipates the forthcoming June announcement of ground breaking for the construction of its state of the art 300 foot drone hangar. The team would also like to extend a special thanks to the Gulf County Board of County Commissioners and the U.S. Department of Commerce Economic Development Administration (EDA) for the providing the grant funding to complete the one mile stretch of road and water/sewer to connect the new drone hangar construction site. We anticipate this effort to provide an immeasurable boost to the local economy.

“Skyborne Technology is thrilled about its grand opening of the new office and hangar facility as a significant step to bolster Manned and Unmanned Aircraft capabilities. We believe these advanced aerial platforms will be a game changer for Disaster Relief, Communications, Surveillance, Border Security, Precision Agriculture as well as many other critical missions. “Finally achieving TRUE PERSISTANCE to enable cutting-edge technologies is at the heart of our mission,” stated Michael Lawson CEO Skyborne Technology.

About Skyborne Technology, Inc

Skyborne Technology, Inc., a UAV Corp (UMAV) company is a Research and Development company with a focus on Communications, Aerospace, Defense and Environmental Solutions. Researchers at Skyborne Technology are actively engaged in solving transformative problems for the government and commercial clients. We are working on a wide range of topics including but not limited to advanced communication, Lighter than Air and Drone Technology, low altitude analysis of carbon dioxide (CO2) conversion, new energy processes, biomass conversion, energy efficiency, precision agriculture and mining management. Skyborne Technology, Inc. has significant investments in research & development of Intellectual Property and proprietary designs in areas covering semi-rigid and rigid lighter than air designs, reverse-ballonet technology, mooring, and hybrid propulsion that have competitive advantages for both its Spherical and Cylinder Class tethered/lighter than air designed drones. Skyborne Technology has a manufacturing facility in Wewahitchka, Florida, owns the airport in Port St. Joe, Florida for manned and unmanned operations, opened new office in Tulsa, Oklahoma for High Altitude Airship manufacturing and Skyborne Central America, LLC a wholly owned subsidiary that pursues unique business opportunities in the Caribbean, Central America, and Mexico for the Detachable Airship Retractable Tether “DART” systems and advanced UAS capabilities.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain "forward-looking statements" under applicable US securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Skyborne Technology, Inc.
Michael Lawson, Chairman-CEO
850588.1747
mlawson@skybornetechnology.com

Deborah Cheek, Communications Director
850-588-1747

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7a28386d-f4f0-44ff-9fb0-55768b7ba429


FAQ

What is Skyborne Technology's new development at Gulf County airport?

Skyborne Technology has opened a new office and hangar at its Gulf County, Florida airport, supporting advanced testing for manned and unmanned vehicles.

What is the DART SA 70-12 airship?

The DART SA 70-12 is a versatile Lighter Than Air platform that can function as a manned airship, tethered aerostat, or unmanned UAV.

When is the helium-lift check for the DART SA 70-12 scheduled?

The helium-lift check for the DART SA 70-12 is scheduled for June 2024.

What will happen after the helium-lift check?

After the helium-lift check, Skyborne Technology will seek FAA Airworthiness Certification for the DART SA 70-12.

What is the purpose of the planned 300-foot drone hangar?

The 300-foot drone hangar will support advanced aerial testing and operations, boosting the local economy.

Who provided funding for the new infrastructure at the Gulf County site?

Funding was provided by the Gulf County Board of County Commissioners and the U.S. Department of Commerce Economic Development Administration.

What are the expected benefits of the new facility?

The new facility aims to enhance capabilities in disaster relief, communications, surveillance, and other critical missions.

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