TORONTO – RDARS Inc. (“RDARS” or the “Company“) (CSE: RDRS) (OTCQB: RDRSF), an autonomous robotics and drone technology company developing advanced systems for alarm system augmentation and surveillance, is pleased to announce that after conducting significant research and testing of various UTM products, the Company has now formed a working relationship with Aloft Technologies, Inc. (“Aloft”) (www.aloft.ai) to integrate its advanced Unmanned Aircraft System Traffic Management (UTM) applications and features into the forthcoming Eagle Watch V1.5 RC1 release.
This update will provide the Company’s Eagle Watch software platform (“Eagle Watch“) with advanced airspace management and near instant response from the Federal Aviation Administration (FAA) for flight clearance. Autonomy is a major feature of the Eagle Watch, and having a tight integration with instant and responsive regulatory adherence is critical to remote operations. By having access to Aloft’s UTM system, remote Eagle Watch operators can get instant airspace awareness, file and receive electronics permissions, and transmit Remote ID information as required by the FAA during the automated pre-flight and pre-landing procedures. Aloft’s UTM platform and its seamless integration with Eagle Watch provides the remote operator with critical immediate situational awareness and enables compliance with the FAA’s Remote ID requirements for Beyond Visual Line-of-Sight (BVLOS) operations, and Low Altitude Authorization and Notification Capability (LAANC), a collaboration between the FAA and private industry partners which supports unmanned Aerial Services (UAS) integration into the U.S. national airspace.
The Eagle Watch technology allows for operations to be conducted in a very confined airspace, on private property, at low altitude, and with strict limitations regarding the Company’s Eagle Eye drone’s flight patterns so that operators can conduct their operations in a manner that minimizes disruptions to the surveillance area. Integrating the Aloft UTM management platform provides operators with further instant situational awareness of any potential conflict as airspace changes in real-time.
“The Aloft integration further improves our goal of providing the highest quality of service with real time security drone response in compliance with regulatory concerns in a matter of seconds versus minutes and is critical for our real time security autonomous response system. We believe that this integration is a game changer for the RDARS drone system”, said Jason Braverman, Chief Technology Officer.
“We are excited to have RDARS integrate our new developer tools with map tiles for visualization and APIs to provide programmatic access to Aloft’s exclusive dataset and capabilities for maximum compliance and situational awareness,” said Josh Ziering, Aloft’s CTO and Co-Founder. “Enabling companies like RDARS to build Aloft UTM capabilities into their own products is how we envision the future of drone flight as operations scale and become more complex.”
Formerly known as Kittyhawk, Aloft Technologies Inc. is the market leader in drone airspace systems & UTM technologies and powers more than two-thirds of all LAANC authorizations in the US. Our solutions make it easy to fly safely and operate compliantly at scale. Our dynamic airspace platform connects the largest drone network — spanning recreational users, enterprise customers, regulators, and UTM partners across the globe.
RDARS possesses a disruptive technology that is advancing the security industry’s approach to protecting commercial, industrial, and residential properties, by introducing protection with autonomous artificial intelligence systems that allows for real time response, situation awareness, verification, intervention, evidence recording, data capture, analysis, and immediate downstream transmissions to public safety agencies. RDARS has the ability, upon a property security breach, in real time to receive, analyze, and downstream the data and inform public safety agencies who the perpetrators potentially are before they even arrive at the property.
Founded in 2019, RDARS is an originator in its innovative equipment manufacturer of its flagship product, the Eagle Watch Platform comprising of Eagle Eye, a drone, Eagle Nest, a drone station, Eagle Rover, an indoor robotic system, and Eagle Watch Command & Control Software. The Company’s autonomous robotic systems provide situational awareness in a cost effective and reliable manner. The Company’s mission is to improve alarm response and situational awareness by obtaining required approvals from federal regulatory agencies for BVLOS operations. RDARS is currently developing its technology for private and enterprise customers in the United States and Canada, where these customers require a more reliable and advanced understanding of their property security. For more information about RDARS, please visit its website at www.rdars.com and its profile page on SEDAR at www.sedar.com.
Neither the Canadian Securities Exchange (the “CSE”) nor its Market Regulator (as such term is defined in the CSE policies) has reviewed or accept responsibility for the adequacy or accuracy of this news release
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company’s business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones; the Company’s future growth prospects; the development of the Company’s business and future activities following the date hereof; expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the autonomous drone and robotic industry and security industry generally; the impact of the COVID-19 pandemic on the Company’s current and future operations; the market for the Company’s current and proposed product offerings, as well as the Company’s ability to capture market share; the Company’s strategic investments and capital expenditures, and related benefits; the distribution methods expected to be used by the Company to deliver its product offerings; the competitive landscape within which the Company operates and the Company’s market share and reach; the performance of the Company’s business and the operations and activities of the Company; the Company’s ability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the Company’s technology making an impact on the autonomous drone and robotic industry and security industry; the Company’s products providing its consumers with the benefits as described herein; the Company continuing its research and development in its products; the Company’s anticipation for the deployment of its products under the timelines stated; the integration of Aloft.AI’s UTM platform into the Company’s products will provide the stated benefits, including, but not limited to the abilities to enable compliance with FAA’s Remote ID and LAANC, and with such benefits becoming a game changer for the Company’s drone system; the Eagle Watch platform providing the stated abilities and benefits thereof; and the Aloft.AI system being integrated into the Eagle Watch v1.5 RC1 release and its ability to obtain near instant response from the Federal Aviation Administration (FAA) for flight clearance.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s financial condition and development plans do not change as a result of unforeseen events; there will continue to be a demand, and market opportunity, for the Company’s product offerings; current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities; current and future members of management will abide by the Company’s business objectives and strategies from time to time as established by the Company; the Company will retain and supplement its board of directors and management, or otherwise engage consultants and advisors having knowledge of the industries (or segments thereof) within which the Company may from time to time participate; the Company will have sufficient working capital and the ability to obtain the financing required in order to develop and continue its business and operations; the Company will continue to attract, develop, motivate and retain highly qualified and skilled consultants and/or employees, as the case may be; no adverse changes will be made to the regulatory framework governing beyond visual line of sight operations, taxes and all other applicable matters in the jurisdictions in which the Company conducts business and any other jurisdiction in which the Company may conduct business in the future; the Company will be able to generate cash flow from operations, including, where applicable, distribution and sale of its products; the Company will be able to execute on its business strategy as anticipated; the Company will be able to meet the requirements necessary to obtain and/or maintain authorizations required to conduct the business; the Company’s continuing ability to meet the requirements necessary to remain listed on the CSE; general economic, financial, market, regulatory, and political conditions, including the impact of the COVID-19 pandemic, will not negatively affect the Company or its business; the Company will be able to successfully compete in the autonomous drone and robotic industry and security industry; prices offered by competitors will not decline materially; the Company will be able to effectively manage anticipated and unanticipated costs; the Company will be able to conduct its operations in a safe, efficient and effective manner; general market conditions will be favorable with respect to the Company’s future plans and goals; the Company’s technology will make an impact on the autonomous drone and robotic industry and security industry; the Company’s products providing its consumers with its benefits as described herein; the Company will deploy its products under the timelines stated; the ability of the Company to integrate of Aloft.AI’s UTM platform into the Company’s products and provide the stated benefits, including, but not limited to the abilities to enable compliance with FAA’s Remote ID and LAANC, and with such benefits becoming a game changer for the Company’s drone system; the Eagle Watch platform will have the capabilities to provide the stated abilities and benefits thereof; and the Aloft.AI system will be integrated into the Eagle Watch v1.5 RC1 release and it having the ability to obtain near instant response from the Federal Aviation Administration (FAA) for flight clearance.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the risks associated with the autonomous drone and robotic industry and security industry in general; the inability of the Company to obtain requisite approvals; the Company’s inability to attract and retain qualified members of management to grow the Company’s business and its operations; unanticipated changes in economic and market conditions (including changes resulting from the COVID-19 pandemic) or in applicable laws; the Company’s inability to secure or maintain required authorizations necessary to conduct the business and operations and meet its targets; the Company’s inability to effectively manage unanticipated costs and expenses, including costs and expenses; the risk’s associated with the Company’s in meeting its business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones; the inability of the Company’s to identify and secure future growth prospects; the Company’s inability to develop its business and future activities following the date hereof; the Company’s inability to meet or exceed expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; the Company’s inability to meet the requirements necessary to remain listed on the CSE; the Company’s inability to meet or exceed expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the autonomous drone and robotic industry and security industry generally; the Company’s inability to mitigate the impact of the COVID-19 pandemic on the Company’s current and future operations; the risks associated with the market for the Company’s current and proposed product offerings, as well as the Company’s inability to capture market share; the risks associated with the Company’s strategic investments and capital expenditures, and related benefits; the risks associated with the distribution methods expected to be used by the Company to deliver its product offerings; the risks associated with the competitive landscape within which the Company operates and the Company’s market share and reach following the date hereof; the lack of performance of the Company’s business and the operations and activities of the Company following the date hereof; the Company’s inability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the Company’s technology making an impact on the autonomous drone and robotic industry and security industry; the inability of the Company’s products to provide its consumers with its benefits as described herein; the Company will not deploy its products under the timelines stated; the inability of the Company to integrate of Aloft.AI’s UTM platform into the Company’s products and provide the stated benefits, including, but not limited to the abilities to enable compliance with FAA’s Remote ID and LAANC; the Eagle Watch platform inability to provide the stated abilities and benefits thereof; and the Company’s inability to integrate the Aloft.AI UTM platform into the Eagle Watch v1.5 RC1 release and the resulting inability to obtain near instant response from the Federal Aviation Administration (FAA) for flight clearance.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events, or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
