Palm Beach, FL – October 26, 2021 – FinancialNewsMedia.com News Commentary – Unmanned Aircraft Systems (UAS), commonly called drones, remain the fastest growing technological advancement and sector in aerospace. In the simplest terms, UAS are a tool to collect valuable data for end users; they can help increase revenue, decrease cost, and minimize risk. A number of industries across the world are benefiting from UAS integration into operations to gain access to data that were either previously unavailable or significantly more expensive to obtain. This same technology can significantly benefit the oil and gas industry by reducing exposure of personnel to hazardous situations, while saving substantial amounts of time and money. In a world becoming more data-driven, access to quality data is increasingly vital to remain competitive. UAS are an exciting and efficient new technology that the oil and gas industry can leverage to efficiently collect data to revolutionize upstream, midstream, and downstream operations. UAS can be extraordinarily beneficial to the oil and gas industry as well with applications from offshore to downstream operations. UAS applications are numerous and will only continue to grow as we look ahead to the next few years. A few examples of easily integrated oil and gas UAS solutions with a rapid return on investment include: flare stack inspections, pipeline monitoring, and 3D mapping. These three applications leverage UAS technology to collect data currently being collected by other means, but to do so at a fraction of the cost, and more importantly, in a manner that significantly reduces health, safety, and environmental (HSE) risk and exposure to a company’s most valuable resource—its people. Active stocks in the markets this week include Plymouth Rock Technologies Inc. (OTCQB: PLRTF) (CSE: PRT), AeroVironment, Inc. (NASDAQ: AVAV), Northrop Grumman (NYSE: NOC), Lockheed Martin (NYSE: LMT), Curtiss-Wright Corporation (NYSE: CW).
For example, flare stack inspections at refineries are vital to ensure safe operations and minimize downtime due to costly and potentially deadly failures. Conservative estimates place an offline refinery at a loss of $1million per day. Traditionally, flare inspections are performed by either building scaffolding or hiring a ladder truck, where workers inspect at dangerous heights. The use of UAS will not only minimize HSE risk but also takes 20-30 minutes instead of hours or days. Oil and gas companies can use the data from this quick inspection to determine the need for further repairs minimizing operational downtime and saving millions per averted shutdown. In this case, the cost avoidance from UAS usage creates an annuity-like ROI allowing that capital to be reinvested elsewhere. One of UAS greatest strengths is local area surveillance, in this case pipeline and tank monitoring. Multispectral sensors onboard a UAS can efficiently aid in detecting corrosion, leaks, or help prevent theft from pipelines or facilities. As some of the midstream infrastructure begins to show the effects of years in service, insurance companies are focusing more on proactive pipeline monitoring. The low operational costs of UAS allow for companies to accomplish that proactive monitoring more frequently than was previously affordable or logistically possible.
Plymouth Rock Technologies Inc. (CSE: PRT.CNQ) (OTCQB: PLRTF) BREAKING NEWS: PLYMOUTH ROCK TECHNOLOGIES ANNOUNCES DELIVERY OF INTERNATIONAL ORDERS FOR ENVIRONMENTAL OPERATIONS AND PETROCHEMICAL INSPECTION – Plymouth Rock Technologies (“Plymouth Rock”, “PRT”, or the “Company”), a leader in developing detection apparatus and unmanned technologies, is pleased to announce the delivery of several new orders for environmental monitoring and Petrochemical inspection.
Environmental monitoring will be carried out with PRT X-Lite series drones, equipped with a winch and collection cup for deep water sampling. This will study plastic particulates in water and other microbiological impact. The drones will be operated by Swiss University, ETH Zürich.
The Unmanned Aircraft Systems (UAS) for petrochemical inspection will be used in Saudi Arabia for essential ultrasound testing of infrastructure at some of the world’s highest volume petrochemical plants which includes those owned by Saudi Aramco oil. The petrochemical sale is in collaboration with the Tetra / PRT partner Tritex NDT UK.
“The design approach to our overall UAS product platform has yielded the flexibility to allow the company to address the above markets. We believe that these applications will soon extend to offshore oil and natural gas platform inspection, wind farms, and other remote infrastructure locations” stated Carl Cagliarini, Chief Strategy Officer at PRT
“This is a significant step in our company’s growth strategy as we have taken our UAS platform from an R&D phase to revenue generating commercial products.” stated Dana Wheeler, President & CEO of PRT. CONTINUED… Read this and more news for PRT at: https://www.plyrotech.com/news/
Other recent developments in the tech industry include:
Raytheon Missiles & Defense, a Raytheon Technologies (RTX) business, recently in partnership with Northrop Grumman (NYSE: NOC), successfully completed the first flight test of a scramjet-powered Hypersonic Air-breathing Weapon Concept, or HAWC, for the Defense Advanced Research Projects Agency and the U.S. Air Force. The companies are on track to deliver a prototype system to the U.S. Department of Defense.
During the test, HAWC was carried under the wing of an aircraft before it was released. Seconds later, a solid rocket motor boosted HAWC to supersonic speeds, where the scramjet engine ignited and accelerated the missile, enabling it to reach hypersonic flight. The test validates the ability of HAWC’s airframe and propulsion system to reach and cruise at hypersonic speeds.
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, recently announced the successful maritime demonstration of a Puma 3 AE small unmanned aircraft system and Switchblade 300 tactical missile system sensor-to-shooter (S2S) capability as part of NATO REP(MUS) 21, Europe’s largest maritime unmanned systems operational experimentation exercise, hosted at the Portuguese Navy Centre for Operational Experimentation held in Troia, Portugal in September. The experimentation was part of a United States/United Kingdom Interoperability to Interchangeability (I2I) initiative using unmanned/uncrewed systems.
A key component of the exercise was demonstrating the interoperability of multiple U.S./U.K. control system capabilities to facilitate the transfer through the Puma 3 AE comm relay connection of tactical control and planning tasks of interchangeable, cross-domain assets. This successful demonstration was the result of combined and coordinated efforts of coalition and industry partnerships including the Naval Information Warfare Center’s C-SCAPE Common Control System (CCS), the Naval Undersea Warfare Center’s CaSHMI system, U.K. Ministry of Defense’s MAPLE command and control system, AeroVironment’s Crysalis™ ground control system (GCS) connected to the varied control systems utilizing a new STANAG 4586 Level 4 interface, unmanned/uncrewed surface vehicles, unmanned underwater vehicles and manned surface ships from additional NATO allies. The U.S. delegation was led by NAVSEA’s Program Executive Office for Unmanned and Small Combatants.
Curtiss-Wright Corporation (NYSE: CW) recently announced that it was awarded a contract by Raytheon Technologies to provide its rugged Modular Open Systems Approach (MOSA)-based processor and networking modules for use in the NextGen SMP (Next Generation Special Mission Processor). The NextGen SMP serves as the central processing component of the AC/MC-130J aircraft (also known as the Ghostrider and Commando II).
“We are very proud to have been selected by Raytheon Technologies to support the secure mission processing requirements of this important special operations platform with our rugged commercial-off-the-shelf (COTS) modular open system processing technology,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. “Curtiss-Wright has established a leadership role in delivering the numerous benefits of MOSA solutions to the U.S. Air Force and other military forces, and we are excited to provide these critical technologies to support the Air Force Special Operations Command.”
Lockheed Martin (NYSE: LMT) is breaking barriers in hypersonic technology, adding to its world-class portfolio another milestone with the recent grand opening of an advanced production facility in Courtland, Alabama, focused on hypersonic strike production. Capitalizing on critical digital factory capabilities to deliver this technology, the corporation is working closely with the U.S. Department of Defense (DOD) to deliver new 21st-century warfare capabilities.
“Lockheed Martin has manufactured defense systems in Courtland since 1994, providing increasingly sophisticated capabilities to protect our nation, allies, and security partners,” said Sarah Hiza, vice president and general manager of Strategic and Missile Defense Systems at Lockheed Martin Space. “Our long-time partnerships with Alabama, the Department of Defense, and academic researchers have paved the way to develop the most advanced hypersonic strike capabilities using the best-of-the-best digital technologies from across our enterprise.”
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated twenty five hundred dollars for news coverage of the current press releases issued by Plymouth Rock Technologies Inc. by a non affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Media Contact email: email@example.com – +1(561)325-8757