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Share Name | Share Symbol | Market | Type |
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Red Oak Mining Corporation | TSXV:UAV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Flying night missions is an advantage for Universal because lower turbulence (at low altitude) makes flying smoother, improving data quality. Magnetic field variations are also reduced at night, improving geophysical data quality. The "red eye" endurance tests will be conducted in the interior of British Columbia and will be completed by August 2010. Revenue-generating missions will then be initiated.
The Venturer UAV is a custom-designed workhorse manufactured exclusively for Universal by Stratus Aeronautics Inc. of Vancouver, BC. The first Venturer carries a camera payload. The second Venturer is currently being used for promotion, and can be viewed at the Universal booth at the PDAC (#603 Trade Show side). Universal has ordered a fourth Venturer in which a horizontal gradiometer (two magnetometers in each wing tip) payload will be installed.
For further information on this news release or the Company projects, please visit our website at www.universalwing.com or call the office at 604.689.1799.
On behalf of the Board of Directors
Universal Wing Technologies Inc.
Per:
Declan Sweeney, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Universal Wing Technologies Inc. Declan Sweeney CEO 604.689.1799 www.universalwing.com
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