$BANT acquires #USPTO for #drone package

New Post Public Reply Private Reply Replies (0) Message Board
TradeForProfits
262
$BANT acquires #USPTO for #drone package delivery:

https://finance.yahoo.com/news/bantec-acquire...00914.html

Bantec Acquires USPTO Patent for Drone Operated Package Delivery Receptacle

BANT
-10.61%
Tue, May 18, 2021, 8:00 AM·2 min read

BANT
-10.61%
LITTLE FALLS, NJ, May 18, 2021 /PRNewswire/ -- Bantec, Inc. (OTCPINK: BANT) ("Bantec" or the "Company" , is pleased to announce the acquisition of a drone operated delivery receptacle utility patent (issued by the USPTO) for package delivery.

Michael Bannon, Bantec's Chairman and CEO stated: "when I first entered into the drone business, and acquired my FAA drone pilot license, I kept my eye on the drone delivery market. While the more general drone industry itself has grown rapidly, the delivery segment lagged behind. During these 'growing pains' we have strategically positioned Bantec to take advantage of the drone delivery market move from niche to mainstream. We are at the cusp of this drone delivery market shift and see this USPTO patent acquisition as another major step for Bantec to become a major player in the upcoming drone package delivery market. Our patented technology will ensure safe and secure drone package delivery to businesses and residential homes throughout the United States and possibly throughout the world. "

The Delivery Drones Market reached the USD 2 billion mark in 2020 and is projected to reach USD 5.6 billion by 2026 according to a Mordor Intelligence report. The shift to contactless delivery due to COVID-19 has significantly sped up the delivery drone market movement.

- ADVERTISEMENT -
"The present invention provides a delivery receptacle adapted to communicate with a drone and receive a package therefrom."

Below I have inserted a link to our Patent details on the USPTO.GOV site".

Patent Documents

About Bantec

Bantec, Inc., a product and services company, through its subsidiaries and divisions, sells to facility managers, engineers, maintenance managers, purchasing managers and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments, and the US government. We intend to grow different business lines, including using the franchise model, that support the customers described above.

Forward-Looking Statements
Certain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses, or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: "plans, "anticipates," "expects," "believes" or similar words. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.

Contacts:
Michael Bannon
Chairman & CEO
mike@bantecinc.com
(203) 410-8924
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Flash Tech Sparks New Era in Gas Sensing

Updated Category News Views 0

Revolutionary 10-Millisecond Flash Technique Out of South Korea comes a scientific shake-up that's got eyes on a tiny flash of light poised to change gas sensing technology as we know it. Yep, at Hanyang University ERICA, the boffins have figured out how a quick-fire 10-millisecond zap can turn up the sensitivity dial on gas sensors, especially for the pesky nitrogen...

Continue Reading
CloudKeeper Simplifies AI Cost Tracking with FinOps Launch

Updated Category News Views 58

AI Cost Management: A Complex Endeavor Tracking the myriad costs of AI operations can be downright infuriating. Every company dipping its toes in these waters quickly finds itself tangled in a web of fees spanning different models, applications, and cloud services. This tangled mess is about to get some much-needed untangling, thanks to CloudKeeper's latest move. They're...

Continue Reading
Willis Automotive Changes Hands: A Deep Dive

Updated Category News Views 117

A Historic Shift in Iowa's Auto Dealership Landscape Shifts in ownership can be like the changing of the guard, and we've got a significant one unfolding in Iowa. Rich Willis, a stalwart of the dealership game, is passing the baton—not to just anyone, but to a duo with serious heritage in the industry: Jason Willis and Collin Sewell. The transaction sees Willis...

Continue Reading
Vivek Ramaswamy's Executive Orders: A Bold Move

Updated Category News Views 0

It appears Vivek Ramaswamy is gearing up to clear the decks and bring a wave of changes to Ohio as soon as he grabs the governor's chair. With a first-day agenda packed tighter than a can of sardines, Ramaswamy plans to drop seven executive orders like they're hot. The guy announced his Day One priorities, giving us a real taste of what Ohio might be in for starting...

Continue Reading
AndX Global Launches $100M Tokenized Manila Project

Updated Category News Views 274

Revolutionizing Real Estate Investment AndX Global is blazing a new trail in the real estate market with the introduction of Manila One, the world's first comprehensive tokenized land development. It's a hundred-million-dollar bet—a nod to the future of cross-border investing, and it screams opportunity for those ready to roll the dice in this new arena. The Mechanics...

Continue Reading
Kuvings Unveils Hands-Free Juicer for Healthy Living

Updated Category News Views 0

A Fresh Squeeze in the Juice World If you've ever wanted something that makes that morning juice without you running a marathon in your own kitchen, Kuvings might just have the answer with their new AUTO10 SQUARE™ Plus. Announced on October 30, 2026, this isn't just another fancy named gadget—it actually shakes things up with a hands-free design that’s tailored for...

Continue Reading
Legal Bay's Year-End Cash Lifeline Amid Financial Strain

Updated Category News Views 0

Legal Bay's Holiday Break for Plaintiffs Let's face it, waiting for a lawsuit to wrap up while bills stack up is about as comfortable as sitting on pins and needles. And smack in the middle of this drag, here come the holidays. Overspending on gifts, whopping travel costs, maybe some unexpected tuition bills—suddenly, the bank account's looking as bleak as a rainy...

Continue Reading
KLC's TTV Solutions Power Up AI and EV Innovation

Updated Category News Views 53

Thermal Management: The Unsung Hero When it comes to pushing the boundaries of AI and electric vehicles (EVs), it's the behind-the-scenes tech that counts. KLC Corporation of Taiwan throws the spotlight on their Thermal Test Vehicle (TTV) solutions, proving that heat management isn't just a necessary evil—it's a competitive advantage. KLC's Role in the Semiconductor...

Continue Reading
Zoomlion's 1,600HP 9DX Tractor Aims at Global Farms

Updated Category News Views 28

Zoomlion's Bold Move into the Global Market Zoomlion Heavy Industry is skipping right into the big leagues with their newest toy—sorry, tractor—the 9DX hybrid, packed with a staggering 1,600 horsepower. Making a splash at the China International Agricultural Machinery Exhibition, this beast is fired up for large-scale farming, and it's aiming to reshape the...

Continue Reading
Intestinal Worms: New Science and Old Challenges

Updated Category News Views 23

Intestinal Worms: A Modern Twist on an Old Tale Just when you thought you'd heard it all, here comes the notion that intestinal worms might actually be good for us. The stuff of cringe-worthy junior high biology classes is now strutting its stuff in F1000Research. Sounds odd? Maybe, but there's a half-century of science behind it. Old Foes with New Friends These...

Continue Reading
$25,000...

Continue Reading