NEW YORK–(BUSINESS WIRE)–Drone USA, Inc. (OTC Markets: DRUS) (“Drone USA” or the “Company”), a developer and manufacturer of low altitude Unmanned Aerial Vehicles (“UAV”) and related technologies, today announced that Small UAS Rule, a new regulation that was passed by the Federal Aviation Administration (“FAA”) governing the operation of drones, or unmanned aerial systems (“UAS”), in United States airspace, is aligned with Drone USA’s business model and growth projections for the commercial drone segment of the Company.
Small UAS Rule, which was first passed by the FAA in June and went into effect Monday, August 29, 2016, simplifies the process of becoming a commercial drone pilot. Under the new regulations, commercial drone operators will no longer have to obtain a traditional pilot’s license and receive case-by-case permission from regulators. Commercial drone pilots will now only need to pass a certification test and abide by various flying restrictions.
Michael Bannon, Chief Executive Officer of Drone USA, stated: “Small UAS Rule will completely change the Commercial Drone market and within the first day of the new regulations going into effect the FAA reported receiving over 3,000 new applicants preregistering to take the certification test. We are confident that Small UAS Rule will significantly broaden the commercial use of UAV Systems in sectors such as precision agriculture, utilities inspection, mapping, mining, and public safety. We fully intend to capitalize on this opportunity and use it grow the Commercial Drone segment of our business.”
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.