Drone Company Astro Aerospace Ltd. – – Keeps its promise and becomes the first Passenger Drones approved to Test Fly in Canada!
There has been a lot of buzz in the media about how personal air travel is going to be the future. Well that future is getting closer and closer as a few companies are forging their way into a new market segment and emerging as the leaders. Many savvy investors have already validated this industry as the next frontier of growth and opportunity with Astro Aerospace Ltd. (OTCMKTS:ASDN) as the only true pure stock play in the space. All other initiatives are simply research projects.
Now Transport Canada has issued a Special Flight Operations Certificate (SFOC), a permit for the operation of an unmanned air vehicle (UAV) system, for its passenger drone project, “Elroy”.
More than 80% of the Float is held by insiders according to Yahoo Finance This could be interesting as attention grows with ASDN
Bellow is some footage from the unmanned test runs at an airport just north of Toronto.
Who is Astro Aerospace Ltd. (OTCMKTS:ASDN) and what is Elroy?
You may have read this article a while back on Robb Report where they were showcasing Passenger Drones as your next way to beat the traffic jams. InterestingEngineering.com also did a feature that included Astro Aerospace Ltd. (ASDN) and their recent acquisition of this start up and technology hinting there are big things to come. DigitalTrends.com, TheRealDeal.com and DroneBelow.com validate Astro as a contender in the new reality of electric powered personal drones and taxis.
Astro’s Elroy is a Fully Autonomous Passenger Drone. It can carry two passengers and fly for 25 mins at 45 mph. No pilot required!! Simply enter in the destination on the touch screen interface in the cockpit and buckle your seat belts. This Flying Taxi will deliver you to your destination. See the video bellow. No CGI was used in the making of this video.
ASTRO’s Elroy can take off, land and perform all stages of flight maneuvering completely autonomously, guided securely via LTE (4G) network, or on board controlled. You can take over at any time via the Touch Flight Control or fly-by-wire joystick.
This vehicle can also be 100% remotely controlled by ASTRO’s Ground Control and Monitoring Center, allowing an operator located as far away as the EU or Asia to fly a North America-based aircraft safely and efficiently.
Management has confirmed our belief that Astro Aerospace Ltd. (ASDN) is the closest to actually being in a position to start selling these personal aircrafts. Last June they brought on Paterson Composites to work on the Version 2.0 of the passenger drone. Then again expanded its team by bringing on KASAERO Aircraft and Composites design and development team to work on the Version 2.0 of the passenger drone due out shortly as well as the hugely anticipated Cargo Drone Version 1.0.
KASAERO Aircraft and Composites is an aviation R&D company based in Germany that has spent the last 10 years designing, building and navigating certifications for lightweight, composite electric aviation projects. One of which holds 7 world records for purely electic powered aircraft: NASA Green Flight Challenge e-Genius. KASAERO is also doing work with the German aeronautical institute “DLR” in service of Airbus and developing ePropeller Safety Technology.
So what does this all mean? This could mean the company is gearing up to start taking pre-orders or possibly take this product to market. Going to market could bring gains for investors as they will take an early lead in market share, revenues and presence. Astro Aerospace Ltd. (ASDN) is one of the first to service this newly emerging multi billion dollar industry.
We estimate that they will be selling the base model at $130k, with safety parachute system and upgrades closer to $200k. If they sell 1,000 units in the first year that nets $130 million in sales. 5,000 units will generate $650 million in revenue and so on and so on.
For those of you that need more information or have yet to hear about Passenger Drones let us lay out the facts for you. You then can do your own due diligence and decide when it’s time to join the select few on wall street that have learned of this opportunity. We first brought you news about Astro Aerospace Ltd. (ASDN) when they were trading below $1. They made runs to over $3.00 and before pulling back, allowing early investors to take some early profits. Now with this continued validation from Transport Canada, investors may just see another move uphill.
we recommend keeping ASDN on your radar
What is this transportation revolution and why should you care?
Large companies have been investing millions of dollars to make personal electric aircrafts a reality for us all as our roads have gotten more and more congested. The challenge has been that current gas powered helicopters and personal airplanes have been too expensive to own and operate for the mass personal usage market and as such have been reserved for the super rich or corporate users.
Electric Drone technology has developed to a point where it is safe and reliable and is being used anywhere from personal (hobbyists) to surveying (corporate and industrial) to even Amazon (AMZN) testing delivery of your next order. UBER (not public yet) has also made a huge bet on the future of electric vehicles commuting their passengers around in much the same way it uses cars today. UBER Elevate has already had two conferences where they share their view of the not to distant future. They claim that electric passenger drones will be able to shuttle passengers by 2020 and save people millions of commuting hours per year at prices low enough to rival car transportation.
We agree… Read their full plans here.
Also UBER is not planning on making their own vehicles. They are going to rely on others to develop and bring this to market. Astro is far ahead of its competition by having a ready to market, fully functional production ready Autonomous 2 passenger electric drone today.
All of this points to a several hundred billion dollar industries that are just around the corner. Porsche Consulting released their latest findings in a paper named “The Future of Vertical Mobility” where they confirm that passenger drones will be in production and mass adoption in the near future.
Could Astro Aerospace Ltd. (ASDN) be the next Tesla (TSLA)?
TESLA Inc. (TSLA) being the only fully electric car company has over $12 Billion in annual sales and has a market cap of $52 Billion. Were you early enough to make an investment into Tesla when they were called pioneers? An early investment yielded over 1,130 % return so far.
Astro Aerospace Ltd. (ASDN) needs to be on your watch list
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