Apr 28, 2022 (AB Digital via COMTEX) -- The drone industry is on pace to grow at a staggering rate. Wall Street sharps are well aware of the opportunity. This is why on Wednesday, AdvisorShares an investment firm with assets under management (AUM) of $2 billion unveiled its AdvisorShares Drone Technology ETF (nysearca:UAV), which is a thematic fund that aims to deliver investment exposure to unmanned aerial vehicles (aka drones) and autonomous vehicles.
Managing director at AdvisorShares and portfolio manager of UAV, Dan Aherns stated: "As technological innovation evolves, we believe that drone technology will accelerate further and establish itself as an investment growth opportunity with durable and sustainable characteristics."
This is not the first ETF in the drone space, Vanguard Industrials /zigman2/quotes/210393217/composite VIS +0.38% , iShares US Aerospace & Defense /zigman2/quotes/207320401/composite ITA +0.21% , and US Global Jets /zigman2/quotes/207744796/composite JETS -0.27% ; are a few other options in the industry. However, the returns on these ETFs have been mixed.
Investors looking to capitalize on drone technology in the near term would be better served exploring individual companies.
Artificial Intelligence Technology Solutions, Inc. (otcmkts:AITX) is a prime example, and the timing is perfect. The company just entered the drone space through a collaboration with Nightingale Security announced on Wednesday.
AITX’s subsidiary Robotic Assistance Devices (RAD) produces a wide range of security robots (SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, or RAD Light My Way™) that solve a host of security issues.
Nightingale Security’s drones will be integrated with these robots to give the client a robust security solution. This is the latest development in what has already been a banner month for the company. Here’s a recent timeline of AITX milestones:
AITX’s RAD participates in ISC West, the security industry’s premier conference, in March.
AITX’s AVA 3.0 wins an award at ISC West.
AITX says the company “gained a significant increase to its late-stage (i.e. ‘close to closing’) sales opportunities,” at the conference.
AITX CEO Steve Reinharz said this could mean a potential, “10,000 device deployments.”
AITX announces in total the company acquired approximately 150 new well-qualified end-user opportunities in addition to over 50 existing client and dealer meetings.
AITX has announced 16 new sales since the conference. In fact, last week the company “shipped its two-hundredth ROSA.” There could be many more in the pipeline judging by the reported opportunities. These events could be catalysts for AITX’s stock.
Now with drone technology integrated into its already popular security robots, AITX boasts a fully autonomous security solution for both short and long range coverage.
AITX’s stock is currently heading in the same direction its drones will be, so make sure to start your research today.
OTHER DRONE COMPANIES MAKING NEWSDraganfly Inc. /zigman2/quotes/215319654/composite DPRO -2.71% announced today the Company’s Vital Intelligence Smart Vital Kiosks have been implemented in Perry County, Alabama by the Perry County School District. Perry County Schools is a public school district serving students from pre-kindergarten to grade 12.
Kratos Defense & Security Solutions, Inc. /zigman2/quotes/201233073/composite KTOS +0.65% , announced this week that it will publish financial results for the first quarter of 2022 after the close of market on Thursday, May 5. As a leader in the industry, this could be a good barometer for drone investors to watch.
AgEagle Aerial Systems Inc. /zigman2/quotes/208956892/composite UAVS -0.57% has been exhibiting at the AUVSI XPONENTIAL 2022 in Orlando, Florida this week. UAVS is an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use.
Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. Capital Gains Report ‘CGR’ is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. CGR authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. CGR has been compensated three thousand dollars via wire transfer by AJO Capital to produce and syndicate content related to AITX. As part of that content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found on our website.
Is there a problem with this press release? Contact the source provider Comtex at firstname.lastname@example.org. You can also contact MarketWatch Customer Service via our Customer Center.