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Little Falls, NJ – May 18, 2021 – Bantec, Inc. (OTCPK: BANT) (“Bantec” or the “Company”), is pleased to announce the acquisition of a drone operated delivery receptacle utility patent (issued by the USPTO) for package delivery.
Michael Bannon, Bantec’s Chairman and CEO stated: “when I first entered into the drone business, and acquired my FAA drone pilot license, I kept my eye on the drone delivery market. While the more general drone industry itself has grown rapidly, the delivery segment lagged behind. During these ‘growing pains’ we have strategically positioned Bantec to take advantage of the drone delivery market move from niche to mainstream. We are at the cusp of this drone delivery market shift and see this USPTO patent acquisition as another major step for Bantec to become a major player in the upcoming drone package delivery market. Our patented technology will ensure safe and secure drone package delivery to businesses and residential homes throughout the United States and possibly throughout the world. “
The Delivery Drones Market reached the USD 2 billion mark in 2020 and is projected to reach USD 5.6 billion by 2026 according to a Mordor Intelligence report. The shift to contactless delivery due to COVID-19 has significantly sped up the delivery drone market movement.
“The present invention provides a delivery receptacle adapted to communicate with a drone and receive a package therefrom.”
Below I have inserted a link to our Patent details on the USPTO.GOV site”.
About Bantec
Bantec, Inc., a product and services company, through its subsidiaries and divisions, sells to facility managers, engineers, maintenance managers, purchasing managers and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments, and the US government. We intend to grow different business lines, including using the franchise model, that support the customers described above.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses, or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans, “anticipates,” “expects,” “believes” or similar words. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.
Contacts:
Michael Bannon
Chairman & CEO
SOURCE: Bantec, Inc.
Little Falls, NJ – April 21, 2021 – Bantec, Inc. (OTC: BANT) (“Bantec” or the “Company”) , through its subsidiary Bantec Sanitizing, LLC, will offer drone stadium, field and playground sanitizing for schools and athletic teams this fall.
Michael Bannon , Bantec’s Chairman and CEO stated: “With FAA certified drone pilots, we envision our franchisees drone spraying football, soccer, and lacrosse fields, stadium seating, and other athletic areas with Bantec Sanitizing products to help eliminate Covid-19 concerns. Being in the final legal document preparation stage, we anticipate launching franchise sales in early June”.
About Bantec Sanitizing
Bantec Sanitizing, a division of Bantec, provides a variety of products and services to help facility managers, safety professionals, and maintenance personnel combat a multitude of airborne and surface hazards. On February 3, 2021 Bantec announced that it will offer Bantec Sanitizing (Exposure Response Mobile Service) as a Franchise. Future Bantec Sanitizing franchisees will offer Bantec Sanitizing supplies, robots, UV lights, drone sanitizing, spraying, and deep cleaning services. The world, as we knew it, changed with Covid-19; the way we view sanitizing and deep cleaning will never be the same”.
Bantec Sanitizing: www.bantec.store
About Bantec
Bantec, Inc., a product and services company, through its subsidiaries and divisions, sells to facility managers, engineers, maintenance managers, purchasing managers and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments, and the US government. We intend to grow different business lines, including using the franchise model, that support the customers described above.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses, or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans, “anticipates,” “expects,” “believes” or similar words. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.
Contacts:
Michael Bannon
Chairman & CEO
mike@bantecinc.com
(203) 410-8924
SOURCE Bantek Inc.
About COMPANY
Bantec, Inc., headquartered in Little Falls, NJ., consists of three separate divisions: Distributing, Drones and related services and Environmental/Construction products and services. Through our subsidiary Howco Distributing Co., we sell a wide variety of products primarily to United States Department of Defense. Through Drone USA we sell drone programs, which consists of drones, training, COA’s and waivers and other drone-related services, to law enforcement, firefighters, security companies and engineering companies. Our environmental/construction division sells products and services to hospitals, manufacturers, building owners, municipalities, universities and the US government.
Bantec Inc.’s mission is to be the respected leader in our three areas of focus:
- Distribution into government
- Drone sales, support and training
- Environmental/Construction provider of products and services
We are dedicated to accomplishment and excellence, delivering high quality products and services efficiently and effectively. Through daily focus, performance and efficient execution, we are committed to demonstrating leadership and setting the standard for all other organizations across a broad range of industries.
Leadership Team
Michael Bannon
CEO/Chairman of the Board
- Has over twenty-five years of entrepreneurship and business leadership experience.
- Managed organizations in the environmental, manufacturing, insulation and construction industries.
- Built profitable multi-million dollar sales driven organizations in both the service and the manufacturing sectors.
- FAA Certified Remote Pilot.
- Received a BA from the University of Connecticut, a MBA and a MA in Industrial/Organizational Psychology from University of New Haven.
- Earned certificates in Strategic Finance for Smaller Businesses and Mergers and Acquisitions: Strategy, Execution, and Post-Merger Management from the Harvard Business School.
- In 2011, Graduated from Harvard’s prestigious Owner President Management Program becoming a Harvard Business School graduate/alumnus.
- Currently pursuing a MS in Juris Prudence in Finance at Seton Hall Law School.
Matthew Wiles
COO/Board Member
- For twenty years, managed and lead an operations and production department at a major Aerospace Manufacturing Company.
- Received a Bachelor of Arts and Master of Business Administration Degrees from Warner Pacific University, Portland, OR.
- Played basketball for Concordia University as a scholarship athlete, Portland OR..
Dr. Rodrigo Kuntz Rangel
Board Member
- Has served as a Director of IBRV, the BRVANT Institute of Technology, a non-profit institute for over four years
- Since 2009 he has served and continues to serve as a CEO of BRVANT
Prior he was a Product Development Engineer for 7 years at Embraer SA
SOURCE: http://www.bantecinc.com/
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