ORLANDO, Fla., June 09, 2016 (GLOBE NEWSWIRE) -- As investors in small and microcap companies await revenue or other financial benchmarks for their preferred investments, experienced players will tell you that the terrain can be altered in a moment. There are instances where government intercedes and everything changes.
FDA approvals for drug companies are critical moments of truth, changing the fortune of a company with a single proclamation. The EPA can alter the way cars are made and used. The list goes on and on.
For those who believe that unmanned drones are the future of deliveries and much more, the Federal Aviation Administration (FAA) is the hand that deals the cards, that today sets the limits on the skies and the foreseeable future. As such, the U.S. Senate’s passage of a Federal Aviation Administration reauthorization bill in April is viewed by many as a strong win for the growing drone industry. source: http://bit.ly/1VNsKKl
The FAA bill which passed overwhelmingly, had significant language that seems designed to protect the rise of drones for commercial uses including limiting local governments from enacting their own set of rules. Notably, the legislation also calls on the Department of Transportation to craft a rule within two years that allows certified air carriers to use drones for delivery purposes. Read that again, the FAA has called on the DOT to steward the creation of a drone delivery system. Within two years.
On the heels of a recent PricewaterhouseCoopers report suggesting that the international drone market could reach $127 billion by 2020, emergent drone-based companies like Valmie Resources (VMRI) are assuredly most welcoming of the FAA’s recent proclamations. Source: http://bloom.bg/1qbyznN
Valmie has already received a Section 333 Exemption from the Federal Aviation Administration (FAA) to perform commercial drone activities within the U.S. National Airspace System. With professional grade equipment and pilots, Valmie intends to use the exemption to commercially operate unmanned aerial systems for agricultural applications, search and rescue operations, power line and pipeline inspections, infrastructure surveying, and imaging to increase the effectiveness of data collection, storage, and analysis.
As the federal government clarifies or even clears the air for commercial drones, certainly equities like Valmie with significant progress made already will look to capitalize and literally expand their corporate horizons. It appears that we are very close the next major step in the Drone Generation.
For more information about Valmie Resources please visit http://valmie.com/investors.html
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Source:Small Cap Sentinel