Universal Power Industry Corp (UPIN)

[LaFortuna]

Universal Power Industry Corporation Agrees to Acquire Technology Start-Up WavDrone, LLC

PR Newswire

PALO ALTO, Calif., Sept. 26, 2019

PALO ALTO, Calif., Sept. 26, 2019 /PRNewswire/ -- Universal Power Industry Corporation (OTC: UPIN) today announced that they have agreed to acquire WavDrone, LLC a Palo Alto startup that specializes in drone technology.

The start-up (one year old) technology company will be wholly owned by Universal Power and will continue the development of certain drone software and technology primarily for use by the government and military.

The terms and conditions will be announced upon the completion of all legal and governmental approvals and requirements. The respective companies expect the acquisition to be completed no later than October 7, this year.

About Universal Power Industry Corporation:

Universal Power Industry Corporation (UPIN) is a diversified holding company that owns, invests and or manages select businesses, and on special opportunities will provide financing solutions to companies at various developmental stages. Our business objectives cover a wide range of sectors from consumer/industrial products, technology research, development/startups. Please follow us on social media for additional updates at Facebook, Twitter and OTCMarkets.