(HARTFORD, CONN) – Aquiline Drones (AD), the Hartford-based manufacturer of unmanned aerial systems (UAS) and cloud solutions provider for commercial drone operations, today announced that it has signed exclusive US manufacturing and distribution licensing agreements with Drone Volt (ALDRV.PA), a French aeronautic manufacturer of professional civilian drones, on-board artificial intelligence, edge computing and unmanned aerial systems (UAS) production.
Under the terms of this five-year agreement, Aquiline Drones will take over the global production of two popular and proven drones from Drone Volt’s suite of products, including the Hercules 2 and the highly coveted, Altura Zenith. Aquiline Drones will also be the sole manufacturer of the Pensar smart camera, a multispectral sensor, complete with artificial intelligence and edge computing capabilities.
Further to this collaboration, Aquiline Drones will be the exclusive provider of the Hercules 2, Altura Zenith and the Pensar in the United States, thus filling a much-needed gap in American-made drone products and systems.
“We are delighted beyond measure for this aptly timed and mutually beneficial union with Drone Volt,” said Barry Alexander, CEO and founder of Aquiline Drones. “While we have been in operation for just under two years, we spent almost four years incubating this idea of making Hartford ‘Drone Central’ and the State of Connecticut the ‘Drone Capital’ of the US.
Our partnership with Drone Volt has catapulted us to the front of the line with world-class design and unmatched capabilities in the commercial drone space.”
“This contract is a historic step for our group as it turns the largest market in the world into an important profit sector. Over the last months, we have created a strong relationship with the Aquiline Drones’ team, which could lead to additional contracts in the future,” said Sylvain Navarro, CFO of Drone Volt.
The new development comes on the heel of the US Department of Justice’s (DOJ’s) announcement on October 9th, that it has officially banned the use of DOJ funds to purchase or operate any drone from ‘covered foreign’ countries. China is estimated to originate more than 70% of the global share of commercial-off-the-shelf (COTS) drones. This development paves the way for US-based manufacturers of drones, such as Aquiline Drones, to enter an industry growing at 13.8% annually with a potential market of $127 billion.
“Being able to fill the national UAS void with competitively-priced, American-made drone products and supporting 100% US supply chain is a must – we are extremely proud of this achievement,” said
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