$HALB most recent Press Release . Company will be providing a follow up on this and other potential contracts.
Advanced Defense Technologies, Inc. (ADTI) and Joint Venture Partner Halberd Corporation Focus on Sales Contracts for Sense and Avoid Enabled UAVs and Drones
Press Release: Advanced Defense Technologies, Inc. – Tue, Aug 7, 2012 9:25 AM EDT
RELATED QUOTES
Symbol Price Change
ADCF 0.02 0.00
ANAHEIM, CA--(Marketwire -08/07/12)- Advanced Defense Technologies, Inc. (ADCF) announced today that the Company and its joint venture partner Halberd Corporation (HALB), a manufacturer of both short- and long-range Unmanned Aircraft, have been focusing on completing sales contracts for Sense & Avoid enabled UAVs and drones.
ADTI and Halberd expect large-scale proliferation of drones and UAV use to be contingent upon adequate sense, detect, and avoidance capabilities that would prevent collisions with structures and other aircrafts. ADTI, Halberd and its partners are working to harness unprecedented intelligence; surveillance, reconnaissance, and communication systems to incorporate sense and avoid capabilities taking drone and UAV technology to a commercially viable level.
R.S. Tahim, President and CEO of Advanced Defense Technologies, Inc., stated, "The commercial and civil UAV and drone market will take lead with government organizations requiring surveillance systems similar to military UAVs such as the coast guard, border patrol and other national security organizations. Our sense and avoid enabled systems could be the key component in overcoming the current airspace restrictions holding back commercial growth. When these public safety obstacles, export rules and FAA restrictions are overcome the possibilities for the sales growth of safe reliable UAV and drones will be exponential."
About Halberd Corporation
Halberd Corporation is a manufacturer of both short- and long-range Unmanned Aircraft. Our UAVs are intended for both private and governmental use in such diverse industries as military, oil and gas, municipal, meteorological, forestry, agriculture and coastal/border surveillance. For more information regarding Halberd go to: halberdcorp.com
About Advanced Defense Technologies
Advanced Defense Technologies (ADTI) develops systems and technologies for the military defense and homeland security industry. The Company's system design technology has been developed under several SBIR Programs with Government Agencies including the US military (USAF, ARMY, NAVY and MDA), NASA, DARPA and a prestigious defense contractor (Phillips Labs). For more information regarding ADTI go to: www.theadti.com
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Advanced Defense Technologies, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
For more information, please contact:
Advanced Defense Technologies, Inc.
Investor Relations
(714) 772-8274
Email Contact
Advanced Defense Technologies, Inc. (ADTI) and Joint Venture Partner Halberd Corporation Focus on Sales Contracts for Sense and Avoid Enabled UAVs and Drones
Press Release: Advanced Defense Technologies, Inc. – Tue, Aug 7, 2012 9:25 AM EDT
RELATED QUOTES
Symbol Price Change
ADCF 0.02 0.00
ANAHEIM, CA--(Marketwire -08/07/12)- Advanced Defense Technologies, Inc. (ADCF) announced today that the Company and its joint venture partner Halberd Corporation (HALB), a manufacturer of both short- and long-range Unmanned Aircraft, have been focusing on completing sales contracts for Sense & Avoid enabled UAVs and drones.
ADTI and Halberd expect large-scale proliferation of drones and UAV use to be contingent upon adequate sense, detect, and avoidance capabilities that would prevent collisions with structures and other aircrafts. ADTI, Halberd and its partners are working to harness unprecedented intelligence; surveillance, reconnaissance, and communication systems to incorporate sense and avoid capabilities taking drone and UAV technology to a commercially viable level.
R.S. Tahim, President and CEO of Advanced Defense Technologies, Inc., stated, "The commercial and civil UAV and drone market will take lead with government organizations requiring surveillance systems similar to military UAVs such as the coast guard, border patrol and other national security organizations. Our sense and avoid enabled systems could be the key component in overcoming the current airspace restrictions holding back commercial growth. When these public safety obstacles, export rules and FAA restrictions are overcome the possibilities for the sales growth of safe reliable UAV and drones will be exponential."
About Halberd Corporation
Halberd Corporation is a manufacturer of both short- and long-range Unmanned Aircraft. Our UAVs are intended for both private and governmental use in such diverse industries as military, oil and gas, municipal, meteorological, forestry, agriculture and coastal/border surveillance. For more information regarding Halberd go to: halberdcorp.com
About Advanced Defense Technologies
Advanced Defense Technologies (ADTI) develops systems and technologies for the military defense and homeland security industry. The Company's system design technology has been developed under several SBIR Programs with Government Agencies including the US military (USAF, ARMY, NAVY and MDA), NASA, DARPA and a prestigious defense contractor (Phillips Labs). For more information regarding ADTI go to: www.theadti.com
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Advanced Defense Technologies, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
For more information, please contact:
Advanced Defense Technologies, Inc.
Investor Relations
(714) 772-8274
Email Contact
