Awards Multi-Unit Contract Valued At More Than $1.1 Million

Drone Aviation Holding Corp., a developer of specialized, tethered aerial monitoring and communications platforms serving national defense and homeland security customers, has received its first contract award for its newly designed aerostat product, the WASP Lite, from a U.S. Army customer. WASP Lite is the culmination of significant product development and testing that successfully completed training and operational evaluations conducted at multiple U.S. Army bases.

Under the terms of the award, valued in excess of $1.1 million, Drone Aviation will supply multiple WASP Lite aerostat systems capable of enhancing and extending the modern networked battlefield supporting specialized waveform communications equipment and day/night ISR (Intelligence, Surveillance and Reconnaissance) payloads. The WASP Lite employs the same proprietary, advanced tethering technologies found in Drone Aviation’s Winch Aerostat Small Platform ("WASP") tactical aerostat for secure power and data transmission.

“We are honored to have received our first contract award for our WASP Lite system from this important customer and are privileged that both our WASP and WASP Lite systems have been selected by the U.S. Army,” said Jay Nussbaum, Chairman and CEO of Drone Aviation. “As demonstrated by first-hand customer evaluations, WASP Lite will be a critical asset on the modern, networked battlefield. This award is a testament to our team’s unwavering vision and ability to produce innovative products that combine persistent communications coupled with a powerful eye in the sky, capable of meeting stringent military requirements.”

Deliveries under this award, as well as deliveries related to the $3.8 million WASP tactical aerostat contract awarded by a U.S. Government Prime contractor announced in January 2019, are expected to commence in the third quarter and continue through year-end 2019.

(Source: Drone Aviation Holding news release. Image from file)

FMI: www.droneaviationcorp.com/solutions/wasp-lite