Topic: How To Invest

Q: Pat: I would like your comments on Drone Aviation Holdings and whether it might be a good investment. Thanks

Article Excerpt

A: Drone Aviation Holding Corp., $2.25, symbol DRNE on the U.S. over-the-counter bulletin board (Shares outstanding: 8.8 million; Market cap: $19.8 million; www.droneaviationcorp.com), aims to develop and sell tethered drones to government and commercial customers in the U.S. and elsewhere. Drone Aviation started up in 2014 with the purchase of Florida-based Lighter Than Air Systems. It paid the business’s owner, World Surveillance Group Inc., $414,000—10 million shares of Drone Aviation and $335,000 in cash. The company’s products now include tactical tethered aerostats (moored balloons that are helium filled and lighter-than-air) as well as tethered electric-powered drones. Tethered drones are attached by a cable to a ground station. There are several advantages, including unlimited flying time and a secure data link with the ground station. These drones are also more stable and require less manoeuvring. Untethered drones can typically fly for just 20 to 30 minutes between recharges. Tethered drones have applications with a range of customers, including news agencies, the police and the military…