Interesting interview with the Director, President and CEO of Plymouth Rock Technologies ($PRT.c $PLRTF) Dana Wheeler.
$PRT has shifted from a threat detection company to an aerospace and defense company focused on building drones for numerous applications including threat detection and infrastructure inspection.
Wheeler provides an in-depth look into the multitude of drone applications $PRT is working on, such as:
- Threat detection and surveillance for public events through radar detection threats from a standoff distance
- Infrastructure inspection (Ex. surveying roads, inspecting bridges, ability to detect corrosion)
- Environmental applications such as re-seeding forests
- Petrochemical and natural gas inspection
The main advantage that $PRT is capitalizing on is the lower liability, lower risk, and lower cost that comes with the use of drones as opposed to using helicopters and humans as they are a pricier alternative.
The market for drones is growing rapidly due to the economic advantages they provide so it's a great space to be in. Plus, the recent US ban on Chinese drones has opened up a huge opportunity in the market.
I'd recommend checking the interview out as it provides good insight into $PRT's applications and the market opportunity they are capitalizing on.
https://www.youtube.com/watch?v=lkc5U_oszpQ&ab_channel=RadioEntrepreneurs