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Strat Aero Nearing Investment As It Successfully Reduces Costs

Thu, 22nd Mar 2018 14:16

LONDON (Alliance News) - Strat Aero PLC said Thursday it is in advanced talks over taking a stake in a technology firm as it said it has made "considerable" progress on reducing costs.

The drone services firm is in discussions to take a "substantial" minority stake in a technology business it said has "strong" prospects for growth.

Strat Aero, which ended its training operations after reviewing the funding required for the division, said it has made "considerable and rapid" progress on reducing costs while ensuring its main business, Geocurve, performs."

Shares were down 10% on Thursday at 0.045 pence each.

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19 Feb 2016 09:39

Strat Aero signs proof-of-concept deal with US power utility

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19 Feb 2016 07:48

Strat Aero Wins Wind Turbine Inspection Contract With Westar Energy

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15 Feb 2016 11:32

DIRECTOR DEALINGS: Strat Aero CEO Buys 250,000 Shares

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11 Feb 2016 09:15

Strat Aero Expects Widened Loss But Outlook Brighter For 2016

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28 Jan 2016 10:10

Strat Aero Signs Two Deals To Enter Chinese And Asian Drone Markets

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11 Dec 2015 08:51

Strat Aero Acquires US Drone Technology Company Aero Kinetics (ALLISS)

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26 Nov 2015 10:48

Drone Firm Strat Aero Says Geocurve Unit's Pipeline Looks Robust

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17 Nov 2015 10:05

Strat Aero Affiliate To Develop Air Traffic Control System With NASA

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9 Nov 2015 15:43

Strat Aero joins US drone consortium

(ShareCast News) - AIM-listed aerospace company Strat Aero has become an affiliate member of the consortium of companies in the Autonomous and Unmanned Systems Cluster (AUSC) of south-eastern New Mexico. Strat Aero said the drone group provides unmanned aerial vehicle (UAV) services to institutions

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9 Nov 2015 10:07

Strat Aero Joins New Mexico-Based Drone Consortium

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