Ann: Halo to expand UAV healthcare services in North America, page-6

I found this article:

https://payloadasia.com/2022/06/drones-usher-in-new-era-for-air-freight-and-logistics/

Wingcopter, is moving strides with its newest drone technology. The German drone developer on 12 May announced that the Federal Aviation Administration (FAA) has issued the Special Class Airworthiness Criteria for the company’s unmanned aircraft, as part of its certification process in the US. Its Wingcopter 198 is a fixed-wing and vertical take-off and landing (eVTOL) drone, meaning it has both the advantages of landing without the need for major infrastructure and flying forward like an airplane. The drone can carry 6 kilos and is the first of its kind to offer a triple-drop mechanism, meaning it can deliver up to three parcels to three different locations on the same flight.

So if the Wingcopter drone has an FAA Airworthiness Criteria AND Spright intends to use this drone in the US WITH Halo, then in order to maintain the certification with the FAA, I would assume the original Wingcopter already has HALO in it. This assumption seems valid, considering we have previously been advised that Wingcopter is a customer of Elsight. We've been told that the Wingcopter is one of many UAVs used by Spright. So the additional HALO units are presumably for the broader fleet.

Also found this article on Spright

https://www.globenewswire.com/news-release/2021/09/15/2297489/0/en/KVS-Technologies-signs-US-60-million-strategic-agreement-with-US-based-Spright-to-deliver-linear-infrastructure-drone-inspection-services-in-North-America.html

KVS Technologies, leading provider of end-to-end drone inspection services for utility companies, has entered a strategic agreement with Spright, Air Methods’ new drone division. Under this agreement, KVS Technologies will launch its services in North America, with Spright exclusively operating all flights for linear infrastructure inspection. This partnership brings together two key players within drone technology and commercial flight operations, with a view to gaining a leading position in the US linear infrastructure inspection market.

At present, KVS Technologies serves more than 10 percent of Norway’s utility companies and has conducted more than 3,000 beyond visual line of sight (BVLOS) power grid inspections in Europe. This agreement with Spright, a division of Air Methods, the largest and most experienced Part 135 operator in the United States, means that it will now be able to expand and scale its operations in North America. The potential for growth is significant; the United States has around 3.1 million miles of power lines in comparison to Norway’s 62,000 miles. The Part 135 certificate makes it possible to conduct BVLOS drone flights without exemption, in full accordance with Federal Aviation Administration regulations.

Exciting times ahead for shareholders, that is for sure!