Drone Aviation Announces Profitable 2019 Second Quarter Results

World News: . []

Drone Aviation Holding Corp. (OTCQB: DRNE) (“Drone Aviation” or the “Company”), a developer of specialized, tethered aerial monitoring and communications platforms serving national defense and homeland security customers, today announced its first-ever profitable financial results for the second quarter ended June 30, 2019. The Company achieved profitability from sales and deliveries of its WASP tactical aerostat system and integrated services in support of the United States Border Patrol (USBP); U.S. Customs and Border Protection (CBP).“As we continue to execute on our strategic plan, we believe we are gaining momentum, as evidenced by our second quarter 2019 profit driven by an initial set of WASP deliveries to the Southwest border and the initiation of new, monthly recurring services revenues in support of the United States Border Patrol,” said Jay Nussbaum, Chairman and CEO of Drone Aviation. “We believe our vision for WASP, fueled by our strategic investments, is now beginning to demonstrate the value we can provide to our government customers on the border and the battlefield.”

Dan Erdberg, President of Drone Aviation added, “Our team’s top priority remains working closely with our prime contractors and Government customers to deliver vital capabilities crucial to their mission. We are focused on ensuring a successful initial deployment with the USBP on the Southern border and to executing on further deployments where our WASP units can be instrumental in providing increased situational awareness for CBP agents. The achievements of our first profitable quarter and our ability to make a positive contribution to improving security at the border, a primary driver for our business, are sources of tremendous pride for our company.”

Steve Gersten, Investor Relations
Drone Aviation Holding Corp.

Bret Shapiro, Managing Director

Michael Glickman, Media Relations
Drone Aviation Holding Corp.

More news and information about Drone Aviation Holding Corp.

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Globe Newswire: 12:30 GMT Wednesday 14th August 2019

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