Nussbaum To Lead Expansion Of Strategic Partnerships And Recruitment Of Additional Military And Commercial Management Talent

Drone Aviation Holding has announced that in an effort to capitalize on increasing interest in its tethered aerostat and drone technology from Department of Defense (DoD) as well as civil and commercial entities, it has appointed Jay H. Nussbaum, Chairman of the Board and current investor, to the additional position of Chief Executive Officer, replacing Kevin Hess who has been appointed Chief Technology Officer. In this added capacity, Mr. Nussbaum will be responsible for leading development of new strategic partnerships and the recruitment of highly experienced government and military sales, management and board-level personnel while Mr. Hess will continue to lead product and technology development efforts at the Company.

"In the short time I have been involved with this company, I have seen the demand for aerial monitoring and communications solutions expand dramatically, with few tethered products on the market today able to meet the growing needs for cost-effective, mobile, actionable intelligence as reliable as Drone Aviation's technology," said Nussbaum. "More than an aerial hardware platform, our technology can economically address the evolving requirements for data and information that can help provide protection and security to our military and to civilians, as confirmed by our two recent DoD contracts."

Since joining the Company in June 2015, Nussbaum has played a central role in leading the Company's transition from a testing and development organization into a commercial provider of unique tethered aerial products serving the US military and a number of government agencies. Mr. Nussbaum is also an investor in the Company having participated in a number of recent financing transactions.

The Company's strategic plan for 2016 includes the following initiatives:
Expand operations through a sales office in the Washington, D.C.-area, enhancing sales and support for military, governmental, commercial, national security and law enforcement organizations. A permanent presence in this location will elevate the Company's visibility to these significant channels for its novel, persistent monitoring, surveillance and communications platforms.
Develop additional strategic relationships with potential customers by expanding its Board of Directors, Strategic Advisory Board and leadership teams, which will bring extensive military intelligence and government/commercial sales expertise to expand direct and channel revenue opportunities.
Showcase the strategic capabilities of its low-cost, mobile, tactical tethered aerostats and drones to enhance communications and surveillance capabilities of military, government and first responder communities.

Nussbaum has built a nearly 40-year track record of success in government and commercial sales and management including serving as executive vice president of Oracle Service Industries where he reported directly to Oracle's chairman and CEO, Larry Ellison. At Oracle, he oversaw government, education, health, communications, utilities and financial services operations, helping grow the U.S. government business from less than $60 million to more than $1.5 billion in less than ten years. Nussbaum also served as founder, vice chairman and chief operating officer of Agilex Technologies Inc., successfully growing the start-up business to over $300 million in annual revenue before it was acquired by Accenture Federal Services, a provider of mission and technology solutions to the national security, healthcare and public sectors of the U.S. government.

(Image provided with Drone Aviation news release)

FMI: www.DroneAviationCorp.com