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

Fri, 19th Feb 2016 09:39

(ShareCast News) - Strat Aero was out proving the capabilities of its drones in Friday, having been awarded a wind turbine inspection contract with the largest electricity provider in the US state of Kansas, Westar Energy.The AIM-traded aerospace company, with a focus on the unmanned aerial vehicle (UAV) sector, said the contract was its first wind inspection and data analysis contract utilising its UAVs and proprietary software.As such, Strat Aero's board said it represented a significant milestone in its positioning as a full service UAV provider to the commercial and military sectors."This agreement follows an extended trialling process and signals a breakthrough for Strat Aero into a significant and potentially lucrative market," said Strat Aero CEO Tony Dunleavy."The scope and scale of the wind farm industry in the US is enormous, and we are delighted to have embarked on this journey with Westar Energy, a preeminent figure in the market, generating over 7,000 MW of electricity and serving nearly 700,000 customers in much of east and east-central Kansas," he added.Under the terms of the deal, Strat Aero would initially inspect 53 turbines in two of five fields operated by Westar at a rate of six turbines per day.The initial value of the contract was $26,000 (£18,205), but with a total of 312 turbines on site Strat Aero believed there was scope for the initial contract to be extended across the remaining fields, as well as other sites operated by Westar.Strat Aero's board said it saw this initial deal as a proof-of-concept, and intended to use it as a springboard to secure additional contracts with Westar and other major operators in the US."This initial phase of our relationship, which will see the inspection of 53 turbines, has already commenced and once again, the efficiency and functionality of drones has been clearly demonstrated," Dunleavy said.
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3 Sep 2018 12:31

Strat Aero gets approval to acquire 228k more GyroMetric shares

(Sharecast News) - Strat Aero announced on Monday that it has received the approval of all shareholders of GyroMetric Systems for the acquisition of a further 228,000 ordinary shares in GyroMetric from Braveheart Investment Group, as it flagged on 21 August.

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21 Aug 2018 10:18

Strat Aero ups stake in GyroMetric, takes control

(Sharecast News) - Strat Aero has agreed to up its stake in GyroMetric Systems by purchasing a further 228,000 shares in the company from from Braveheart Investment Group for £273,600.

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29 Jun 2018 12:20

Strat Aero Looks To The Future With Optimism On Subsidiaries' Success

LONDON (Alliance News) - Strat Aero PLC said Friday it looks to the future with "optimism" after both its subsidiaries Gyrometric Systems Ltd and Geocurve Ltd made "strong" has

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22 Mar 2018 14:16

Strat Aero Nearing Investment As It Successfully Reduces Costs

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

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14 Feb 2017 17:07

DIRECTOR DEALINGS SUMMARY: Strat Aero Directors Subscribe For Shares

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24 Nov 2016 09:16

Drone Firm Strat Aero Secures Short-Term Financing As It Reviews Costs

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30 Sep 2016 09:29

Strat Aero Expects To Raise More Money In 2016 As Interim Loss Widens

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8 Sep 2016 09:11

Strat Aero wins Thames flood defence deal with Environment Agency

(ShareCast News) - Strat Aero, the drone aircraft services specialist, has won a £2.5m contract extension with the Environment Agency to aerially monitor the tidal flood defences of the Thames Estuary via its unmanned aerial vehicles. The contract, to provide both aerial inspection and level survey

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23 Aug 2016 13:42

Strat Aero's shares soar as it achieves NQE status

(ShareCast News) - Shares in Strat Aero have soared almost 60% after it was granted National Qualified Entity (NQE) status by UK's Civil Aviation Authority (CAA), a key step in the commercialisation of the company's training programmes. It said that in order to apply for a UAV pilot's licence, candi

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5 Aug 2016 14:05

Strat Aero Keeps Firm Stance Following Media Reports On Legal Dispute

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30 Jun 2016 13:43

UPDATE: Strat Aero Confident On Strategy As Loss Widens Significantly

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30 Jun 2016 10:03

Strat Aero Confident On Strategy And Market Opportunities

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23 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

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20 Apr 2016 08:47

Strat Aero Raises Further Funds Following Additional Demand (ALLISS)

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18 Apr 2016 15:35

Aero Kinetics Confirms Counterclaims Filed Against Strat Aero

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