Valmie  Inks MOU to Explore Partnering Agreement with ALTI UAS 

Valmie Resources Inc.announced it has signed a Memorandum of Understanding (MOU) with ALTI UAS to explore establishing a distributorship whereby Valmie will serve as the primary and preferred distributor of all ALTI products in the U.S. This relationship may take the form of a joint venture agreement, distributor agreement or other formal arrangement between the two companies.

ALTI is an industry-leading unmanned aircraft systems (UAS) manufacturing and development corporation specializing in producing vehicles with vertical take-off and landing (VTOL) capability. ALTI’s products are based on many years of industry, technology and development experience. The company founder pioneered a range of commercial and industrial multi-rotor systems including the first small UAS with rapid deploy folding airframes, front mounted camera gimbals, and other unique features now found on many other systems.

“We are expecting the result of this MOU will be a formal agreement outlining the details of our future collaboration with ALTI,” said Gerald B. Hammack, President, and CEO of Valmie Resources. “We believe this relationship could significantly enhance Valmie’s growth path and add shareholder value.”

Under the terms of the MOU, Valmie will meet with ALTI to submit a detailed presentation of the services that will be available to ALTI related to sales, service and support in the U.S. for ALTI products. Following the presentation, Valmie will present ALTI an official plan that will set forth the terms and conditions for the first stage of the project.

In the interim, Valmie has ordered five multi-rotor fixed-wing Transition BASE Systems from ALTI UAS and plans to add the innovative hybrid systems to its existing product line of unmanned aircraft. The five next-generation commercial aircraft will have the ability to take off and land vertically, practically anywhere.

The VTOL systems will feature an efficient aerodynamic design that boasts one of the fastest deployment times for aircraft of this nature, claiming a case-to-flight time in less than five minutes. Unlike traditional fixed-wing drones, large complex launch and landing hardware is not required.

The systems will provide Valmie with broad mission scope and flexibility.

 

For further information visit http://valmie.com

 

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