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Freewing Aerial Robotics Corporation, organized in 1987 under the laws of the State of Maryland, designs and produces aircraft utilizing the Companys proprietary Freewing Tilt-Body™ technology for sale and lease to private sector and government customers in the unmanned aerial vehicle ("UAV") market. ...
Utilizing its proprietary Freewing Tilt-Body technology, the Companys unmanned aerial vehicles are designed to (1) neutralize air turbulence to provide more stable platforms for the recording and measuring equipment they carry, in order to obtain better data and image quality from such equipment; (2) take off and land even where airport runways are not available; (3) perform UAV operations and missions when conventional aircraft would be grounded due to weather conditions; and (4) have fewer moving parts, be inherently stable, and be far less expensive to produce and maintain than rotary wing or other thrust-vectored UAVs. ... government officials, the market for UAVs, both military and commercial, should continue to grow substantially in the future, with some estimates of worldwide UAV sales in excess of $5 billion between the years 1995 and 2000.
The Companys basic business strategy has been to (i) develop the strength of its technology, utilizing cash grants from governmental agencies, resources available at reduced rates from universities and their related business incubator programs, and contractual arrangements with established designers of airplanes, (ii) generate favorable publicity and name recognition, within and outside of the aerospace industry, regarding the benefits of the Companys technology, (iii) leverage this publicity and name recognition into strategic alliances with production and marketing partners, which are designed to help the Company achieve its production and marketing objectives and also to create additional favorable publicity and name recognition, thereby increasing the Companys opportunities to create more strategic alliances with advantageous partners, (iv) utilize certain of these strategic alliances to generate sales of the Companys UAV products, by teaming with the partners in pursuit of government UAV contracts and in some instances by converting the aerospace partners into customers of the Company, and (v) utilize outsourcing arrangements to give the Company access to high quality production facilities for manufacturing its UAV aircraft without the capital investment and overhead costs of creating, maintaining and staffing such production facilities.
Approximate Word count = 1406
Approximate Pages = 5.6
(250 words per page double spaced)
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