EPAZ - EPAZ Set To Soar In High Flying Drone Market
(NewsDirect)
The drone industryhas witnessed a significant growth trajectory in recent years, and thetrend is expected to continue in the coming years. The adoption ofdrone technology has been on the rise in various industries such asagriculture, real estate, delivery services, and surveillance.
In recent years, the useof military drones has grown significantly, and these unmannedaircraft systems are now an essential part of many military operationsworldwide. As a result, the market for manufacturing military droneshas experienced rapid expansion, and investors are becomingincreasingly interested in chances to invest in businesses that makethese cutting-edge technologies.
The drone industry is predicted to expand quickly,with a CAGR of 38.6% from 2023 to 2030, creating the possibility of avery profitable investment opportunity. There are many differentcompanies to choose from when investing in drone stocks; in thisarticle, we'll focus on a few of the major players in this quicklydeveloping market.
Epazz, Inc. (OTC: EPAZ) is a mission-critical providerof drone technology, blockchain mobile apps, and cloud-based businesssoftware solutions.
On March 1, Epazz announced that the US Air Force had invitedZenaDrone, a spinoff of Epazz, to showcase the ZenaDrone 1000 at anair base in California on March 16 and 17.
This will beZenaDrone’s first visit to a military base to interact withpersonnel and gain insight into their drone technology’s potentialuse in the Air Force.
The invitation follows another recent EPAZ announcement thatZenadrone had submitted Phase I SBIR proposals to the US Government.ZenaDrone will hear back from the government in 90 days.
The SBIR program isdesigned to get products into the government market. Additionally, ifZenaDrone is a part of the program, there will be opportunities tosell our drones to US allies.
The SBIRprogram has multiple phases:
-
Phase I contractshave a value of up to $75,000, per proposal
-
Phase II contracts have a value of up to 1.2million, per proposal
-
Thereare additional phases after II, that open up major governmentcontracts worth up to $15 million over the next three years.
EPAZhas an opportunity to make significant revenue from the SBIR contractsover the course of the next few years.
Epazz CEO Shaun Passley, Ph.D., said, “Weare taking multiple pathways to become a government contractor ofdrones. It is a major opportunity for us, as Chinese drones are bannedin the US government. It has opened up major demands for ourdrones.”
The USgovernment has a major need for non-Chinese drones. The government ispushing initiatives to obtain made-in-America drones through itsBlueUAS program. ZenaDrone is currently in the process of applying forBlueUAS. According to the company, the current list of American-madedrones is very short.
ZenaDrone Inc. is a provider of a multifunctional unmannedaerial vehicle equipped with machine learning systems, multispectralsensors, and AI technology. A 3D interactive environment is made byZenaDrone using the data its cameras collect.
The ZenaDrone team willemploy predictive AI analytics, a type of analysis that makespredictions of future events based on collected data by usingtechniques and resources to build predictive models.
Data mining, statisticalmodeling, machine learning algorithms, and complex mathematics aresome of the methods used in predictive analytics.
EPAZ finished Wednesdayup 18.18%. With more news on the way, put EPAZ on yourwatchlist.
Additional stocks in the drone segment that are worth notingare:
Draganfly, Inc. (NASDAQ: DPRO)(CSE: DPRO) is an award-winning, industry-leading drone solutionsand systems developer.
-
On the 28 of February ,itannounced that its Field Operations Team successfully completed siteassessments in Ukraine as part of the first phase of integration ofits landmine detection technology.
-
Draganfly personnel have completed operations and siteassessments to integrate personnel and technology into upcominglandmine detection operations. These missions were critical indetermining the array of complex sensors and equipment that would berequired to aid in the advancement of mine clearance strategies andthe allocation of field resources.
Teledyne Technologies Incorporated (NYSE:TDY) is aleading provider of sophisticated digital imaging products andsoftware, instrumentation, aerospace and defense electronics, andengineered systems.
-
Teledyne FLIR, a TeledyneTechnologies company, is a world leader in intelligent sensing,unmanned systems, and integrated solutions for defense and industrialmarkets.
-
On Feb. 8th,Teledyne FLIR Defense announced that it has been awarded a $13.3million contract by the U.S. Department of Defense to further expandthe capabilities of its R80D SkyRaider unmanned aerial system toautonomously perform chemical, biological, radiological and nuclearreconnaissance missions.
AeroVironment (NASDAQ: AVAV) offers technologicalsolutions that combine robotics, sensors, software analytics, andconnectivity to produce more useful intelligence.
-
Announced on March 1, AVAV was selected by the United StatesArmy on Feb. 28, 2023, to move forward in the Future Tactical UnmannedAircraft System program (FTUAS).
-
AeroVironment is the only company to secure an award for allFTUAS program increments, including FTUAS Increments 0,1 and now 2
-
Increment 2 is the finalphase of the U.S. Armys FTUAS program competition to select areplacement for the RQ-7B Shadow UAS.
Honeywell (NASDAQ: HON) deliversindustry-specific solutions that include aerospace products andservices; control technologies for buildings and industry; andperformance materials globally.
-
In earlyFebruary, a drone piloted by the Honeywell IntuVue RDR-84K radarsystem demonstrated the UAV dodging collisions autonomously intest.
-
The tests showed thatthe radar can not only detect airborne traffic but can also decideautonomously on a course of action. The radar can take over navigationand pilot an aircraft to safety using its onboardprocessor.
The primary business of Lockheed Martin Corporation (NYSE:LMT) , a multinational security and aerospace company, is theresearch, design, development, manufacture, integration, andmaintenance of advanced technology systems, products, and services.
Lockheed Martinhas been providing advanced autonomous systems to the US military andits allies for decades. Through strategic investments andnontraditional partnerships, LMT is combining commercial bestpractices with their technological expertise to bring autonomycapabilities to the defense industry rapidly and affordably.
An announcement made onMarch 1 stated that Fortem Technologies, a pioneer in the fields ofairspace awareness, security, and defense, had received $17.8 millionin funding. Newly important industry investors, including LockheedMartin Ventures as well as Hanwha Aerospace and AIM13/Crumpton VenturePartners, were the main drivers of the funding. Existing investors,DCVC and Signia Venture Partners, have also contributed additionalfunds.
The company's expansion andopportunity in the counter-UAS and advanced air mobility markets arestrongly supported by the investments made by these sector-leadingbusinesses.
Razorpitch Inc. is a marketing communications andinvestor relations firm serving private, pre-IPO, and publiccompanies. RazorPitch specializes in corporate, investor, andstakeholder communications, with a primary focus on sponsored media.Our goal is to raise visibility, expand awareness, and increase value.To learn more, visit RazorPitch.com.
Disclaimers:This article contains sponsored content. The Private SecuritiesLitigation Reform Act of 1995 provides investors a safe harbor inregard to forward-looking statements. Any statements that express orinvolve discussions with respect to predictions, expectations,beliefs, plans, projections, assumptions, objectives, goals,assumptions of future events or performance are not statements ofhistorical fact may be forward looking statements. Forward lookingstatements are based on expectations, estimates, and projections atthe time the statements are made that involve a number of risks anduncertainties which could cause actual results or events to differmaterially from those presently anticipated. Forward lookingstatements in this action may be identified through use of words suchas projects, foresee, expects, will, anticipates, estimates, believes,understands, or that by statements, indicating certain actions "es; may, could or might occur Understand there is no guaranteepast performance is indicative of future results. Investing inmicro-cap or growth securities is highly speculative and carries anextremely high degree of risk. It is possible that an investor'sinvestment may be lost or due to the speculative nature of thecompanies profiled. RazorPitch is responsible for the production anddistribution of this content. RazorPitch is not operated by a licensedbroker, a dealer, or a registered investment advisor. It should beexpressly understood that under no circumstances does any informationpublished herein represent a recommendation to buy or sell a security.RazorPitch authors, contributors, or its agents, may be compensatedfor preparing research, video graphics, and editorial content.RazorPitch has been compensated by EPAZ to produce and syndicate thiscontent. As part of that content, readers, subscribers, and webs areexpected to read the full disclaimers and financial disclosurestatement that can be found on our website.
ContactDetails
Mark McKelvie
+1 585-301-7700
CompanyWebsite
Copyright (c) 2023 TheNewswire - All rights reserved.