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VMRI Valmie Res Inc (CE)

0.000001
0.00 (0.00%)
30 Sep 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Valmie Res Inc (CE) USOTC:VMRI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Valmie Resources (VMRI) Announces Commercial Drone Prototype Near Completion

11/02/2015 1:30pm

Business Wire


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Advanced V-1 Drone Poised to Take to the Skies

Valmie Resources (OTCBB:VMRI), a technology solutions company that brings to market state-of-the-art products for rapid commercialization, announces the prototype of its advanced unmanned aerial vehicle (UAV) is nearing completion and poised to take to the skies.

Valmie’s feature-rich multi-rotor V-1 Drone will have an array of capabilities that will focus on commercial applications as the private sector continues to buzz over the possibility of an exploding $82 billion commercial UAV market in the U.S.

“As U.S. regulators phase in commercial drone flights this year, the future of the UAV industry is exciting, and will continue to expand globally as additional markets open,” said Gerald B. Hammack, President and CEO of Valmie. “Our prototype will have many advanced features that will appeal to a wide variety of industries such as open-air mining operations, search and rescue missions, and agricultural applications.”

Valmie’s V-1 Drone features include:

- An advanced sensor array, increasing flight precision and potential uses straight off the shelf.

- Substantial power-to-weight ratio that will carry most types of sensor packages with room to spare.

- Total control over every aspect of flight and mission planning while being able to customize for specific applications.

- Multi-platform interaction with a variety of systems.

- Powerful Lithium batteries that will increase flight times, exceeding anything currently on the market.

In the U.S. alone, the drone industry stands to generate $82 billion in economic activity in the decade after national airspace is opened, according to the Association for Unmanned Vehicle Systems International, a trade group. Valmie plans to operate in this exploding market, supplying leading-edge unmanned vehicles with fully integrated ground control software and cloud services for commercial applications throughout the world.

About Valmie Resources (OTCBB:VMRI)

Valmie Resources is a U.S. company actively pursuing opportunities for the commercialization of leading edge products and services in the rapidly expanding technology industry. Valmie seeks concepts with valid business models positioned to make a significant impact within the four key “megasectors” of technology: software, hardware, networking and semiconductors. Valmie brings operating talent, tools and leadership to emerging companies in these sectors, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.

For further information visit http://valmie.com

Forward-Looking Statements

Certain information provided in this press release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. You can find a discussion of those risks and uncertainties in our EDGAR securities filings with the Securities and Exchange Commission. Such factors include, but are not limited to: general economic, market and business conditions; fluctuations in the technology market; the results of product development and the result of our efforts to develop strategic relationships, partnerships and potential acquisitions that are in line with our business model; outcome of partnership negotiations; the uncertainty of market estimates; changes in environmental and other regulations; risks associated with retail operations; and other factors, many of which are beyond the control of the Company. There is no representation by Valmie Resources that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Except as may be required by applicable securities laws, Valmie Resources assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

Valmie Resources, Inc.Gerald B. Hammack, 936-326-8000President and CEOinfo@valmie.com

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