Port St. Joe-Wewahitchka, Florida, (Newsfile Corp. – February 16, 2021) –UAV Corp (OTC Markets: UAMV) announces that on February 12, 2021 the Company filed a REG A registration statement regarding a Public Offering for a maximum of 20,000,000 shares at $0.50 per share in UAV Corp common shares to potentially raise up to $10,000,000 for the purpose of retiring all debt, invest in new advanced drone technologies related to its manned/unmanned operations, manufacturing, and communication capabilities.
“We are excited that upon the successful completion of this Public offering, the Company will be able to retire the corporate debt to focus 100% on the advancement of our technologies and global sales opportunities,” stated William Robinson Chairman of UAV Corp.
UAV Corp’s subsidiaries Skyborne Technology and R Squared Technologies (R2) will then be able to utilize manufacturing processes to encompass 3D printing of composites and carbon fiber components for modular assembly of DATT airships, drones and R2’s Sentinel “Blackbox” communication system.
“In addition to adding new manufacturing processes for our DATT airships and UAS (unmanned aerial systems), improvements at Skyborne’s Costin Airport will also be integrated to gear up for airship and drone test flights scheduled for later this year. Specifically, the new DATT system will be tested with the SA-70 semi-rigid airship with drones for Disaster Relief Operations,” stated Michael Lawson CEO.