Cleantech

Envision Solar (OTCQB:EVSI) has announced that its new UAV ARC product is patent pending and in advanced stage product development. As quoted in the press release: There is rapid growth in the use of drones by military and commercial enterprises ranging from intelligence gathering to package deliveries. Limited range and payload capacity are the two …

Envision Solar (OTCQB:EVSI) has announced that its new UAV ARC product is patent pending and in advanced stage product development.

As quoted in the press release:

There is rapid growth in the use of drones by military and commercial enterprises ranging from intelligence gathering to package deliveries. Limited range and payload capacity are the two most significant barriers to adoption today. The UAV ARC™ is a rapidly deployed and highly scalable, range extending recharging network infrastructure solution. It does not require any fueling or connection to grid infrastructure because it generates and stores all of its own energy from renewable sources. UAV ARC™ is self-ballasted and leveling and does not require any planning or construction for its installation. UAV ARC™ has a hardened exterior and countermeasures designed to protect it from vandalism, theft or other nefarious activities. Each UAV ARC™ forms part of a broader network which fuels drones and gathers and shares information about their health and flight plans as part of the Internet of Things (IoT). UAV ARC™ units can be deployed on flat roofs in cities or on any terrain in remote locations. The marinized version can be deployed at sea to extend UAV missions in a maritime environment. The planned networks of UAV ARC™ units will be open to any operator of unmanned aerial vehicles as part of a subscription or individual usage plan.

“We have demonstrated our ability to bring renewably energized EV charging to business and government with our EV ARC and Solar Tree products,” said Envision Solar CEO, Desmond Wheatley. “Our new UAV ARC leverages much of the great technology we have developed for ground transportation and makes it available for drones in a way that, we believe, will change the way they are used. The networks we deploy will enable deliveries of consumer products, medicines, military payloads, information and life-saving technologies across broad regions without the requirement for human intervention or other modes of transport. We believe this new capability will revolutionize drone usage and communication.”

Goldman Sachs forecasts a $100B market for drones between now and 2020. The majority of the spending will come from the military in the short term, but the fastest growing area of the market is in the commercial sector. Companies such as Amazon, Alphabet, Intel, Qualcomm and Uber have announced plans to test and/or operate drones. Goldman Sachs forecasts that the $100B opportunity is just the tip of the iceberg.

Click here to read the full press release.

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