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UAS Preps for IPO

Firm develops unmanned aerial vehicles for law enforcement and first responders

The UAS Drone Corp., a developer of unmanned aerial vehicles for the law enforcement and first responder market, announced that it has commenced an initial public offering of its common stock.

The company is offering its common stock at a price of $1.50 per share, equivalent to approximately a $3 million pre-funding fully diluted valuation.

UAS Drone manufactures and sells quad-rotor drones specifically designed for police departments, private security, first responders and other customers in the public and private sector. The company is led by former military UAV pilots and industry experts.