This is a marine technology company formed to develop the first autonomous submersible remotely operated vehicle (ROV) capable of transforming into an aerial drone.
It plans to monetize its expertise in underwater flying from having developed a previous version by producing and selling a submersible drone to the luxury market through current co-branding cross-marketing partnerships;
Its goal is to sell to superyacht owners. Roughly 150 new superyachts are delivered each year. Expect to capture 5% of that global market. Expect additional sales to non-superyacht owners. Sell approx. 30-60 units/yr with an expected annual revenue of $2.55 - $5.1 million.
Currently, almost all of the aerial drones in the marketplace resemble helicopters, which are neither hydrodynamic nor aerodynamic. The few which claim to be submersible are still limited to operation in swimming pools and/or connected to a tether. The first generation recreational drone will be the first aerial drone capable of operating in the marine environment, including the ocean, autonomously (without a tether).
The expected target market penetration for flying-submersible drones is: 5-10% of recreational drones or $50-$100 million now, if product existed. 10% of commercial drones or $560 million by 2020. 5% of military drones or $100 million by 2020.
This firm has a strategic advantage. It is poised to capitalize on growth opportunities in the recreational drone market. Management believes that its collective expertise in underwater flying is key to the development of an autonomous system capable of transitioning seamlessly from a flying drone to submersible drone and vice versa.
* First Sale - August 2016
* First Prototype - November 2016
* Patent(s) Filed - November 2016
* Trademark(s) Files - November 2016
Marketing & Business 2017
Acquisition, Sale / 2017
Second/Third Prototypes 2017
The Exit Strategy will be through acquisition by a major player in the drone industry.
Seller Reference #LINDENJ001-N688
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