InvestorsHub Logo
Followers 9
Posts 998
Boards Moderated 0
Alias Born 03/08/2011

Re: None

Tuesday, 07/25/2017 10:13:27 AM

Tuesday, July 25, 2017 10:13:27 AM

Post# of 85938
Howdy all, new to this board but I think that this could get very interesting once cash from any signed contracts starts to hit the books.

Mantra Venture Group Contracts with Telecommunication Carriers for Drone Mapping Services

SharePrint
July 25, 2017 08:00 ET | Source: Mantra Venture Group Ltd.
LONGWOOD, Fla., July 25, 2017 (GLOBE NEWSWIRE) -- Mantra Venture Group, Ltd. (OTC:MVTG) (the “Company”) announces a new Master Services Agreement with a telecommunications carrier for the use of its Drone Mapping Services. While the contract is of indeterminate value, the Company recently received its first purchase order and the use of the product is expected to begin immediately.

Roger Ponder, CEO, stated: "Through our subsidiary, AW Solutions, we have developed a new cutting-edge technology that is industry leading for the remote mapping and measuring of elevated infrastructure utilizing UAV (unmanned aerial vehicles) or drones. The current level of accuracy, utilizing existing technology, is in excess of 3/4 of an inch which does not allow the utilization of the data collected for a structural analysis to take place. AW Solutions now can to obtain accuracies superior to 1/16th of an inch which is the minimum threshold.”

“This technology has already been field tested in a live environment and now we have executed Master Service Agreements (MSA’s) with major carriers and tower aggregators for tower mapping and analysis services and also visual observations on environmentally sensitive sites where protected species are present.”

Roger Ponder goes on to say “while our initial roll-out is focused on telecommunications towers and antenna mounting structures, this drone technology is also applicable in many other industries including: oil & gas; transportation & shipping; commercial construction; military and any industry where structures need physical measurements taken, which will provide our company with additional revenue streams. Through the use of remote sensing it mitigates the need for people to climb and measure structures and therefore is a safety multiplier for the work environment that reduces risk exposures to workers, businesses and the public.”