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UAV Corp (OTC: UMAV) Stock Takes a Hit: Here is Why

Ian Leigh

The UAV Corp (OTC: UMAV) stock could be the one to keep an eye out for this morning in light of the latest announcement from the company on Monday. The company, which is involved in manned and unmanned aerial vehicles (UAVs), provided a glimpse into the latest progress made in airship technology.

The Updates

The company announced that in addition to the advancement that it made in airship technology, it had also managed to make significant strides in expanding its worldwide presence. As of yesterday, UAV Corp was in negotiations with regards to a number of global contracts, and that enabled the company to continue to be an emerging leader in the sustainable aviation solutions space. The agreements in question would be represented by letters of intent (LOIs), and as of yesterday, the valuation of those contracts stood at, at least, $105 million.

Further Information

In order to execute the abovementioned contracts, the representatives from different countries associated with the contracts would get a demonstration of the flight tests. The company is currently involved in working on extra engineering-related requirements, and hence, there has been a delay in the process. It may be a good idea to keep an eye on the stock today.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.