(TheNewswire)
Vancouver, BC / TheNewswire / January 18, 2018 - Global UAV Technologies Ltd . (CSE:
UAV, OTC: YRLLF, FSE: YAB2) (the “Company” or “Global UAV”), a leader in the Unmanned Aerial Vehicle (“UAV”) industry, is pleased
to report on the progress of each operating division, and provide an update on the corporate activities of the Company. A
significant number of new contracts, sales and clients have been secured in Q4 2017 compared to the previous quarter. In addition,
strategic transitions and expansion of our operating divisions continue to take place as the Company supports the rapid growth of
its subsidiaries.
“2017 was a significant year for Global UAV, we comp leted all 4
acquisitions, restructured management and strengthened the Board of Directors to accommodate the rapid growth the Company is
experiencing. Our divisions have been expanding both operationally and in terms of revenue, allowing us to reinvest cash to further
accelerate growth. We have also restructured our news distribution, branding and marketing strategy. The Company is beginning to
see the results of increased investor reach and awareness as a result of our transformation and management’s efforts. We are
pleased to see the recent market interest and look forward to a successful 2018” stated Michael Burns, CEO and Director of Global
UAV.
Global UAV
Management has made significant advancements in news distribution, marketing and brand exposure of the Company,
including regularly presenting and introducing the Company to key brokers and strategic investors. These changes are resulting in a
fast-growing, strong market presence and better investor reach worldwide. In addition, significant reinvestment of operating
cash-flow into our divisions has shown excellent growth results including increases in sales and revenue. Global UAV continues to
expand using cash on hand, reducing investor dilution.
Upcoming Trade Shows:
Roundup 2018 - Vancouver
The Company has been invited to participate in the first ever Innovation Hub at the 2018 AME Roundup conference
at the Vancouver Convention Centre West from January 22 to 25. AME Roundup is one of the largest resource investing and
technical conferences in Canada. This is an excellent opportunity to showcase our UAV solutions to natural resource companies,
service providers as well as government representatives. We will have a NOVAerial Robotics Procyon 800E helicopter UAV on display
for conference participants to view up close and we encourage attending investors to take the opportunity to meet the Global UAV
management.
WEST 2018 – San Diego
In addition, the Company is proud to announce that it has been invited by the Canadian Trade Commissioner
Service to attend the WEST 2018 conference as a Canadian UAV technology and services provider. The conference will take place in
San Diego, California from February 6-8. WEST is the premier Sea Service conference on the West Coast that brings military,
government and industry leaders together. The conference is co-sponsored by AFCEA International (The Armed Forces
Communications and Electronics Association), and the U.S. Naval Institute. Global UAV will have several pre-conference meetings
with the US Department of Defence, Industry and other stakeholders through introductions by the Canadian Trade Commissioner. For
more information on the trade show please visit www.westconference.org
High Eye Aerial Surveys:
The Company would like to introduce Mr. Ramiro Cotarelo as the new President of High Eye Aerial
Surveys (“High Eye”). Mr. Cotarelo has been active in the unmanned aerial vehicle sector since 2013. He
draws on nearly 25 years of experience in management from manufacturing to mining. These insights allowed him to leverage the use
of UAVs in commercial environments with a focus on safety and accurate data collection. A lifelong remote-control hobbyist,
Mr. Cotarelo has built and enjoys remote controlled air, land and sea craft.
“I am excited to join High Eye Aerial,” stated Mr. Cotarelo. “I will continue expanding High Eye’s profile as I
feel strongly that UAVs will be playing a greater role in commercial applications where an aerial perspective produces clean,
seemingly objective data collection. We are just beginning to understand the potential as additional technology is tailored for
UAVs.”
Other changes at High Eye Aerial include moving its base of operations to a joint facility with NOVAerial
Robotics. This move reduces overhead costs and increases the synergy between companies while giving High Eye a robust base of
operations.
High Eye will continue to offer photogrammetry and video services, but is re-focusing its core business on
Light Detection and Ranging (“LiDAR”), thermal and specialty survey and also inspection services. These changes will place High Eye
as a professional UAV services company in several niche markets with a focus on large scale government and industrial
clients.
High Eye Aerial has recently ordered both a Procyon 900E and a new multicopter from NOVAerial Robotics as they
modernize their UAV fleet and increase operational capacity.
Pioneer Aerial Surveys:
Pioneer Aerial completed a record number of surveys and has expanded its client base significantly in 2017. New
clients continue to request surveys while the company’s scope of services is diversifying into infrastructure and UXO detection.
Pioneer Aerial has successfully flown in excess of 12,000-line kilometres of surveys since its inception. This includes
flights for resource exploration, infrastructure detection, and unexploded ordinance (“UXO”).
Pioneer Aerial achieved many significant milestones in 2017, which include:
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-- 21 contracts completed world wide
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-- the largest survey completed to date consisting of 1300-line
kilometres
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-- expansion of fleet and trained field crews
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-- two contracts completed in South America
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-- first contract completed for the detection of unexploded ordinance and buried
infrastructure
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-- completion of contracts for multiple ‘major’ mining companies including Rio
Tinto, New Gold, Osisko, SSR Mining and IAMGOLD.
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-- completion of surveys for different deposit types including lithium, diamonds,
gold, nickel, copper, silver and base metals.
Pioneer Aerial has purchased several UAV’s from NOVAerial Robotics and has commissioned the design and
manufacture of a weather resistant multi-rotor UAV as it is in the process of modernizing its UAV fleet and increasing operational
capacity.
NOVAerial Robotics:
With the move to a larger facility complete, NOVAerial Robotics has been expanding its operations. This
has included the introduction of new staff, and a skilled worker hiring campaign to increase the manufacturing capacity and fulfill
orders. NOVAerial has received multiple orders from 3 rd parties and Global UAV subsidiaries for their
UAVs including the new models, the Procyon 900E and the weather-proof multicopter.
About Global UAV Technologies Ltd.:
With its growing technical expertise and expanding reach globally, Global UAV Technologies is a leader within
the commercial Unmanned Aerial Vehicle (“UAV”) sector. Through its wholly owned divisions - Pioneer Aerial Surveys, High Eye
Aerial Imaging, UAV Regulatory Services, and NOVAerial Robotics – Global UAV Technologies provides a full spectrum of UAV-based
services and products. These opportunities include production, research and design of professional grade UAVs, geophysics and
remote sensing survey services, as well as regulatory consulting and management.
Global UAV Technologies will continue its growth through expanding the business of its current subsidiaries and
the continued evaluation of potential acquisitions with the goal of creating a consortium of businesses that, when fully
integrated, will cover all aspects of the UAV industry.
On behalf of the Board of Directors,
“Michael Burns”
Michael Burns
CEO & Director
For additional information please contact:
Global UAV Technologies
Investor Information
Telephone: 1 888-905-7011
Email: ir@globaluavtech.com
www.globaluavtech.com
Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is
defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement
Statements in this press release, other than purely historical information, including statements relating to the
Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are
based on numerous assumptions and are subject to all of the risks and uncertainties inherent in public markets, service industries,
manufacturing and the UAV Sector. As a result, actual results may vary materially from those described in the forward-looking
statements.
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