May 27, 2017 10:38 PM ET

Aerospace and Defense

Company Overview of UAS Drone Corp.

Company Overview

UAS Drone Corp. develops and manufactures commercial unmanned aerial systems, or drones in the United States. It focuses on providing Quadrotor, a proprietary commercial drone platform to government bodies and agencies, primarily focused on law enforcement and police agencies. The company also intends to offer value-added services for its products, including specialized training for police officers, as well as video/data management software and hosting services. UAS Drone Corp. was founded in 2014 and is headquartered in Palm Beach, Florida.

420 Royal Palm Way

Suite 100

Palm Beach, FL 33480

United States

Founded in 2014

1 Employees

Phone:

561-693-1421

Key Executives for UAS Drone Corp.

Chief Executive Officer and Director
Age: 63
Acting Chief Financial Officer
Age: 28
Vice President of Operations
Age: 42
Compensation as of Fiscal Year 2016.

UAS Drone Corp. Key Developments

UAS Drone Corp. Announces Executive Changes

Effective as of January 22, 2016, UAS Drone Corp. executed a Separation Agreement with its Chief Executive Officer, Chad Swan. Under the terms of the agreement, the parties mutually agreed to terminate Mr. Swan's Employment Agreement with the company, effective immediately. Effective as of January 22, 2016, the company's board of directors unanimously resolved to appoint Grant A. Begley to serve as Chief Executive Officer until the next annual meeting of the board of directors or his prior resignation or termination. Mr. Begley is 63 years of age. During his long career in the aeronautics industry, he served as Corporate Senior Vice President for Alion Science and Technology, where he developed and implemented its $1 billion Business Development Enterprise.

UAS Drone Enters into Two Material Agreements with Havis Inc

On October 21, 2015, UAS Drone Corp. entered into two material agreements with Havis Inc. Under the parties manufacturing agreement, Havis will be the exclusive manufacturer of the company's commercial drone products for the law enforcement sector in the United States. The agreement has a five year term with successive three year renewal terms, and lays out a framework for engineering, fulfillment of purchase orders, warehousing and other material terms. No pricing is provided at the current time. Under the parties distribution agreement, the company has appointed Havis as its exclusive distributor to the law enforcement sector in the United States for the company's commercial drones. The agreement has a five year term with successive three year renewal terms, and provides a framework for development of marketing materials, warranty and service programs, training and risk mitigation, among other material terms. The agreement also provides for sales quotas to be established by the parties after the first year of sales, and Havis to brand all drones with its corporate name and logo. No pricing or margins are specified in the agreement.

UAS Drone Corp. Appoints Grant A. Begley to the Board of Directors

UAS Drone Corp. said that Grant A. Begley, a drone technology development and policy leader, has been appointed to the company's board of directors. During Begley's long career in the industry, he served as Corporate Senior Vice President for Alion Science and Technology.

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