Friday, May 08, 2015 9:07:56 AM
New article published overnight on Guru Focus...
CNN To Use Drone Aviation Holding's (OTCMKTS:DRNE) Products For FAA Research
One of the most followed gurus on this site, Dr. Phillip Frost's connections are paying off again. His biggest drone investment, Drone Aviation Holding Corp. (DRNE), received a big nod of approval yesterday. Mega TV network CNN is going to buy and use its just-launched drone model for a new FAA program.
On May 6, 2015, Administrator of the U.S. Federal Aviation Administration ("FAA") Michael Huerta selected CNN and two other companies for the FAA's brand new "Pathfinder" program. Speaking in Atlanta at the Unmanned Aircraft Systems Pathfinder Program Announcement Press Conference, Huerta explained that CNN "will be researching how visual line-of-sight operations might be used for newsgathering in urban areas." The FAA selected only two other companies for the program: Warren Buffett (Trades, Portfolio)'s BNSF Railroad and drone manufacturer PrecisionHawk.
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As one of the only publicly-traded drone companies, Drone Aviation Holding Corp is a unique way for GuruFocus.com readers to watch a billionaire's investment specifically inside the drone sector. CNN's new purchase order and potential endorsement of the WATT-200 certainly is something that Dr. Frost will be following with great interest.
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full article link
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