Nine sucks as a news network but the article is relevant. UUV is in the right space at the right time with a nice niche in the marketplace.
Funnily enough I was watching the movie 'Hunter Killer' last week and the seals used a UUV to gather Intel during the mission. Laughed as soon as I saw it and thought, yep that is exactly what this company is developing. Not to mention the ability droneswarm capability would add to clearance of sub-sea minefields or search / recon missions. Operating depth is an issue DRO need to overcome here.
I can't find many companies developing this tech. Maybe DARPA behind closed doors and this mob https://riptideas.com/micro-uuv/ but no new media releases since early 2017 so maybe not in development anymore. And by all accounts definitely not capable of swarm technology.
Another article worth reading. http://cimsec.org/the-deep-ocean-seabed-warfare-and-the-defense-of-undersea-infrastructure-pt-2/39609 One vehicle worth discussing is the armed UUV for single-sortie obstacle neutralization that would provide the Navy with the capability to counter armed UUVs, or conduct search for and clearance of fixed and mobile mines without the need for local air/surface superiority, or a manned support ship.1 It could plausibly do so at tactical sweep rates higher than today’s MCM forces. This can be achieved well before 2030, yet this capability is something neither the existing nor planned MCM forces can do.
Small buys on this stock as it drops lower and lower until it obtains a valuable contract. Patience and correct market timing is all that's required here for a multi bag win. If they don't run out of money first . Just my opinion only.
UUV Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
. Just my opinion only.
