Unusual Machines Enters Into a Definive Agreement to Acquire Drone Software Company Aloft Technologies to Grow the American Drone EcosystemORLANDO, FL / ACCESS Newswire / February 3, 2025 / Unusual Machines (
NYSEUMAC) has announced the signing of a binding agreement to acquire of Aloft Technologies, Inc. (https://www.aloft.ai/), the leading FAA-approved provider of unmanned aerial system (UAS) services to enterprise, public safety, and government customers. The acquisition is almost all in stock, valued at $14.5M.
Unusual Machines Announces NDAA Compliant FPV Drone CameraORLANDO, FLORIDA / ACCESS Newswire / January 28, 2025 / Unusual Machines, a leading innovator in drone technology with a current focus on U.S. based manufacturing and marketing of drone parts, today announces the launch of the Fat Shark Aura FPV Camera. This high-performance, NDAA-compliant analog camera is designed to meet the demands of FPV drone applications and is available for purchase now.Fat Shark Aura FPV Camera
Unusual Machines Issues Letter to ShareholdersORLANDO, FL / ACCESSWIRE / December 23, 2024 / Unusual Machines, Inc. (NYSE American:UMAC)
Unusual Machines Issues Letter to ShareholdersCEO Allan Evans shares Q3 2024 highlights and provides insight into the Company's future plans
Unusual Machines Issues Letter to ShareholdersCEO Allan Evans shares Q2 2024 achievements and provides insight into the Company's strategic expansion
Adoption of Drones-as-a-Service Industry Explodes Along Rising Revenue Opportunities in the BillionsPALM BEACH, Fla., Jan. 24, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The drone market size continues to expand as the drone services industry evolves, offering a diverse range of services for both remotely controlled and autonomously flown drones. This industry integrates software-controlled flight plans into drones' embedded systems, making it a critical component in sectors like agriculture, insurance, construction, marine, aviation, oil & gas, mining, and infrastructure. The demand for these services, which includes tasks such as search and rescue, package delivery, industrial inspections, imaging, and healthcare supply distribution to remote areas, significantly contributes to the growing drone market size. A study from MarketsAndMarkets said the Global Drone Services Market Size, which was valued at USD 17.0 billion in 2023, is estimated to reach USD 57.8 billion by 2028, growing at a CAGR of 27.7% during the forecast period. The report said: “In terms of market segmentation, drone services are categorized by the type of service provided, including platform services (further divided into flight piloting and operation, data analysis, and data processing), maintenance, repair, and operations (MRO), and simulation and training. The application-based segmentation encompasses inspection and monitoring, mapping and surveying, spraying and seeding, filming and photography, transport and delivery, as well as security, search, and rescue. The industry-based segmentation covers a wide spectrum of sectors, including construction and infrastructure, agriculture, utility, oil & gas, mining, defense and law enforcement, media and entertainment scientific research, insurance, aviation, marine, healthcare and social assistance, and transportation, logistics, and warehousing. These industries rely heavily on drones for functions like inspection, monitoring, and photography, further driving the drone market size.” Active Companies in the markets today include ZenaTech, Inc. (
NASDAQZENA), Safe Pro Group Inc.
NASDAQ: SPAINASDAQSPAI)
(NASDAQ: EHNASDAQEH
, Unusual Machines, Inc. (NYSE: UMACNYSE
), Ondas Holdings Inc. (NASDAQ: ONDS
ONDS).
Unusual Machines Adds Electronic Speed Controller to the Blue UAS FrameworkORLANDO, FL / ACCESS Newswire / January 17, 2025 / Unusual Machines, Inc. (NYSE American:UMAC), a leading innovator in drone technology with a current focus on U.S. based manufacturing and marketing of drone parts is pleased to announce the release of the Rotor Riot Brave 55A ESC and its addition to the Blue UAS Framework. This product addresses the critical need for non-Chinese, NDAA-compliant components in the U.S. drone industry. Unusual machines now has two drone components placed on the Blue UAS Framework.Rotor Riot Brave 55A ESC
Unusual Machines Appoints Brad Mello as VP of Manufacturing to Advance Domestic ProductionORLANDO, FL / ACCESSWIRE / January 14, 2025 / Unusual Machines, a leading innovator in drone technology with a current focus on U.S. based manufacturing and marketing of drone parts, is excited to announce the appointment of Brad Mello as Vice President of Manufacturing. With an extensive background in automotive manufacturing, industrial automation, and consumer products, Brad is uniquely positioned to lead the development of Unusual Machines' drone components business, driving innovation and operational excellence.
Land Survey Industry Poised for Drone-Driven Transformation as Market Approaches $12.6 BillionPALM BEACH, Fla., Jan. 16, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - According to a report from industry insider DroneXl, the land survey equipment market is on track to reach $12.56 billion by 2028, driven by increasing urbanization and the adoption of Drone Technology across various industries. Traditional land surveying methods are giving way to more efficient drone-based solutions that can complete surveys in hours rather than weeks or months according to industry analysis. The transformation is particularly evident in developing nations where smart city initiatives are creating unprecedented demand for precise surveying capabilities. Governments in India, Peru, and China are leading this charge, requiring thorough site surveys before launching ambitious urban development projects. It continued saying: “Drones have emerged as the preferred tool for land surveying, offering superior efficiency and flexibility compared to traditional methods. Modern survey drones combine aerial photography, mapping capabilities, and GNSS technology to capture comprehensive topographic data with unprecedented speed and accuracy. The technology’s appeal lies in its ability to integrate multiple data collection methods: High-resolution aerial photography; LiDAR scanning for precise measurements; GPS positioning for accurate geolocation; and Video capture for detailed site documentation.” Active Companies in the markets today include ZenaTech, Inc. (
NASDAQZENA), The Boeing Company
NYSE: BANYSEBA)
(NASDAQ: SPAINASDAQSPAI
, EHang Holdings Limited (NASDAQ: EHNASDAQ
), Unusual Machines, Inc. (NYSE: UMAC
UMAC).
Donald Trump Jr. Joins Unusual Machines as an AdvisorORLANDO, FL / ACCESSWIRE / November 27, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a U.S. based drone and drone components manufacturer, today announced that Donald Trump Jr., a globally recognized business leader, best-selling author, and investor in the Company, has joined the Company's advisory board.
Unusual Machines to Host Q3 Earnings Call and Provide Corporate Update on Thursday, November 14, 2024ORLANDO, FL / ACCESSWIRE / November 8, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) (the "Company"), a leader in the American drone industry, will host a webcast on Thursday, November 14, at 4:30 p.m. ET to discuss the Company's operational and financial highlights for the third quarter ended September 30, 2024. A question-and-answer session will follow management's prepared remarks.
Unusual Machines Announces Closing of $1.95 Million Private PlacementORLANDO, FL / ACCESSWIRE / October 30, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced the closing of a private placement with certain institutional investors. The aggregate gross cash proceeds were approximately $1,955,000, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for general corporate purposes and working capital.
Unusual Machines Announces Pricing of $1.96 Million Private PlacementORLANDO, FL / ACCESSWIRE / October 29, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced the pricing of a private placement with certain institutional investors. The aggregate gross cash proceeds were approximately $1.96 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for general corporate purposes and working capital.
Unusual Machines to Participate in Multiple October 2024 Investor ConferencesORLANDO, FL / ACCESSWIRE / October 15, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced upcoming participation and presentations at the following October investor conferences:
Unusual Machines to Participate at the H.C. Wainwright 26th Annual Global Investment Conference September 9th-11th, 2024ORLANDO, FL / ACCESSWIRE / August 27, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced that the Company will present virtually and participate in one-on-one investor meetings at the H.C. Wainwright 26th Annual Global Investment Conference, taking place at the Lotte New York Palace Hotel in New York City from September 9th-11th, 2024 in New York.
Unusual Machines Announces 6,700 Rotor Riot Brave F7 Flight Controllers Ordered In One Week Following Blue UAS Framework ApprovalORLANDO, FL / ACCESSWIRE / August 23, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a supplier to the American drone industry, reports over 6,700 Rotor Riot Brave F7 Flight Controllers have been ordered since being approved and listed on the Blue UAS Framework on August 7, 2024.
Unusual Machines Agrees to Exchange $1M of its Existing Debt for Series C Preferred Shares Convertible at Market ValueORLANDO, FL / ACCESSWIRE / August 22, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), an American drone and drone components manufacturer, on August 21, 2024 entered into two exchange agreements (each, an "Exchange Agreement") with existing promissory note holders. These agreements will cancel an aggregate of $1.0 million of the Company's existing $4.0 million indebtedness. In exchange, Unusual Machines issued (i) two new convertible notes in the aggregate principal amount of $3.0 million (the "New Notes"), (ii) Series C preferred stock convertible into shares of our common stock at $1.59 per share, the share price at close of market as of August 20, 2024, and (iii) five-year warrants exercisable at $1.99 per share (subject to certain adjustments).
Unusual Machines to Host Q2 Earnings Call and Provide Corporate Update on Wednesday August 14, 2024ORLANDO, FL / ACCESSWIRE / August 9, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) (the "Company"), a leader in the American drone industry, will host a webcast on Wednesday, August 14, at 4:30 p.m. ET to discuss the Company's operational and financial highlights for the second quarter ended June 30, 2024. A question-and-answer session will follow management's prepared remarks.
Unusual Machines Adopts HP's Multi Jet Fusion 3D Printing for Drone Parts ManufacturingORLANDO, FL / ACCESSWIRE / August 8, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), has adopted HP's Multi Jet Fusion (MJF) 3D printing technology for the production of drone components, particularly for FPV (First-Person View) drones, known for their demanding performance and durability requirements.
Unusual Machines' FPV Flight Controller Approved for Blue UAS FrameworkORLANDO, FL / ACCESSWIRE / August 7, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced that its Rotor Riot Brave F7 Flight Controller has been approved for inclusion on the Blue UAS Framework list. This significant milestone underscores Unusual Machines' commitment to providing secure, reliable, and domestically manufactured drone components for the U.S. government and other critical sectors.
Unusual Machines Finalizes Working Capital, Extends Loan, and Reduces Outstanding Common SharesORLANDO, FL / ACCESSWIRE / July 22, 2024 / Unusual Machines, Inc. (
NYSEUMAC), a leader in the American drone industry, announces finalization of several transactions with Red Cat Holdings ("Red Cat") including one relating to the closing conditions related to the acquisitions of Rotor Riot and Fat Shark.
