Advanced Defense Technologies, Inc. (PINK:ADCF), publicized recently it has inked a joint venture with North Carolina based Halberd Corporation to make next generation drones and UAVs. The joint venture concentrates on short and long range drones/UAV for together defense and commercial markets. Global costs on drones are predicted to almost double in the next decade, increasing to $11.3 billion a year in accordance with industry research firm Teal Group.
The JV merges ADTI’s and Halberd’s core technologies to develop a cost-effective, next generation drone and UAV system. The payload system will make use of ADTI’s microwave/millimeter-wave circuits, subsystems and system designs counting wideband phased array antenna designs, T/R modules, transceivers, electronically steered antennas (ESA), and wideband RF antenna systems.
The aircraft systems will make use of Halberds short and long-range Unmanned Aircraft and drone technology incorporating higher composite construction techniques and ultra light materials. The united Companies will be delivering flexible, mission specific drones and UAVs that will perform a variety of simple and complex missions.
Its shares gained 10.00% to close at $0.121 with the total traded volume of 3.57 million shares beating the average volume of 0.06 million.
Its shares were trading within the range of $0.11-$0.15 while its opening price was $0.11. Its market capitalization is $8.25 million.
Advanced Defense Technologies (ADTI) develops systems and technologies for the military defense and homeland security industry. The Company’s system design technology has been developed under several SBIR Programs with Government Agencies including NASA, DARPA, a prestigious defense contractor (Phillips Labs), and the US military (USAF, ARMY, NAVY and MDA). For more information regarding ADTI go to: www.theadti.com.
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