A security alarm system can’t offer complete peace of mind if it’s limited by fixed cameras and human error. The solution to this age-old problem, developed by RDARS (CSE:RDRS), applies robotics and drone technology at the leading edge of residential, commercial and industrial security.
The early stage company – whose name stands for Real-Time Drone Alarm Response System – developed its AI-based Eagle Watch System to augment conventional security alarms with a fuller picture of any given security incident. The Eagle Watch is composed of four main components:
- The Eagle Eye, an autonomous aerial drone designed to FAA standards that will fly to where an alarm is activated and record real-time audio and visual evidence, which it can then relay back to RDARS’s Command and Control Centre and relevant authorities and personnel for further assistance
- The Eagle Nest, a ground-based, weatherized and climate-controlled drone station for landing and recharging the Eagle Eye
- The Eagle Rover, an autonomous indoor robot to detect unauthorized persons and identify them through high-resolution cameras. Like the Eagle Eye, the Rover can go on scheduled patrols and comes equipped with object detection and collision avoidance systems for maximum safety. The devices are also fortified by fail-safes, including cellular functionality in the event of WiFi failure, and a 4,096-bit RSA certificate to transmit data using an advanced cryptographic algorithm to protect from unsanctioned access
- The Eagle Watch, also known as the Command and Control Centre, from which RDARS personnel can monitor, control and maintain devices in real time
Instead of accepting the risk of blind spots in your security coverage, or assuming the high cost of accounting for them, one by one, with another camera or salaried security professional, the Eagle Watch System fills this unmet need at the source by automatically deploying to exactly where an alarm is activated and recording from multiple vantage points.
When mere seconds separate a catastrophic outcome from its avoidance, the security and surveillance industries have sat idle at the need to optimize response times beyond human capabilities. RDARS’s solution crosses this barrier into high-performance computing precision, and in so doing is disrupting these industries by advancing towards truly holistic protection.
The company’s state-of-the-art technology positions it to play a differentiated role in the global surveillance drone market, which stands at US$5.5. billion so far in 2023, and is expected to grow at a 14.4 per cent CAGR to US$21.1 billion by 2033, according to Fact.MR, catalyzed by a broader tailwind from the US$33.9 billion global drone market and its 17.6 per cent CAGR over the period.
RDARS recently accelerated the Eagle Watch System’s go-to-market strategy by securing its first Beyond Visual Line of Sight (BVLOS) waiver from the U.S. Federal Aviation Administration (FAA) for a platform with partner LTC in Homestead, Florida.
A wealth of new untapped markets
The BVLOS waiver allows RDARS to conduct autonomous surveillance through manned operations centers, some of them hundreds or thousands of miles away, without the need for local or visual observers. This milestone not only validates the safety and reliability of the Eagle Watch System, it paves the way for further BVLOS applications and a data exchange with the FAA to potentially secure a blanket waiver to sell an unlimited number of devices.
With pre-market sales of C$240,000 in Q3 2023, RDARS has initiated discussions with large security companies around the world to establish a distribution system to meet expected demand.
“We expect to sell thousands of Eagle Watch systems within the next 12-18 months, and I think the market is endless right now,” Charles Zwebner, RDARS’ CEO and a 9 per cent owner of the company, said in a recent interview with Stockhouse’s Ryan Dhillon. “There is no other system in the world as advanced as our system with a BVLOS at our price point in the US$10,000 range.”
Driven by a robust development pipeline, including facial recognition and license plate recognition technology, as well as video and audio in different modes, such as thermal infrared, RDARS is poised to grow into the FAA’s development of “standard rules to make BVLOS operations routine, scalable and economically viable,” as well as its long-term goal to “safely integrate drones into the National Airspace System, rather than set aside separate airspace exclusively for drones,” according to a recent announcement.
RDARS intends to expand its market presence in the U.S. and Canada to start – a strategy bolstered by Transport Canada’s certification of the Eagle Eye drone in August 2023 – followed by the exploration of potential opportunities in Europe, South America and the Far East, among others.
Underpriced innovation
Given the Eagle Watch System’s clear value-add in terms of expediting the quality and duration of security alarm responses, and its cost-effective first-mover advantage in its target industries, RDARS stock’s 78.33 per cent loss over the past year is nothing short of irrational.
This case is further strengthened by:
- The current macroeconomic climate, highlighted by high inflation and consumers’ preference for cash savings over long-term investing, acting as a tide that sinks all ships regardless of investment prospects
- The company’s sustainable business model, which intends to support device sales through recurring revenue from monthly subscriptions to the Command and Control Centre
- Zwebner’s skin in the game and more than 25 years of experience in telecom and technology, including founding and selling multiple businesses in the sectors. The largest of these was YAK Communications, where he served as chairman, CEO and president, and oversaw a listing on the Nasdaq with more than US$100 million in annual revenue
Spurred on by what Zwebner calls a “sky-high opportunity,” RDARS finds itself positioned to enhance the safety of thousands of families, employees and their valuable assets by providing unparalleled visibility during some of the most vulnerable moments of its clients’ lives.
With RDRS shares being priced for peak pessimism, and RDARS’ balance sheet fortified by a C$675,000 debenture financing closed in September 2023, eagle-eyed investors can take advantage of a mismatch between the company’s intrinsic value and the market’s short-sighted perception of this value and buy a stake in the groundbreaking Eagle Watch technology today.
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