RDARS to Deploy Its Drone Eagle Watch Platforms at the Eden Gardens Resort Construction Site in Orlando, Florida
Newsfile Corp.
11 min read
Toronto, Ontario--(Newsfile Corp. - June 20, 2023) - RDARS Inc. (CSE: RDRS) (OTCQB: RDRSD) ("RDARS" or the "Company"), an autonomous robotics and drone technology company developing advanced systems for alarm system augmentation and surveillance, is pleased to announce that it has entered into a Sales Agreement to supply Steinhardt Construction ("Steinhardt") four Eagle Watch Systems. The agreement will provide Steinhardt with deployments of the Eagle Watch Platform at its construction site at Eden Gardens, Orlando.
This marks a significant achievement for RDARS, as it represents the first deployment of the Company's commercial "Real Time Autonomous Drone in a Box" solution to an additional vertical market - the construction industry - as well as industrial warehousing and manufacturing complexes to date. Eden Gardens, a sprawling residential development with a total of 255 homes in three phases, a 138-unit condo hotel, conference center, and commercial offices and shopping areas is an ideal location for this cutting-edge technology.
The Eagle Eye drones and Eagle Nest stations will initially be used to provide robust site security, particularly during evening hours when traditional fixed cameras struggle to monitor such large and complex construction sites. Ultimately, the intention would be, for these autonomous drones to provide security for the community on a longer-term basis. "RDARS' technology is revolutionizing the security industry, offering real-time response, heightened situation awareness, and critical data capture capabilities," says Jason Braverman, CTO at RDARS.
As Eden Gardens progresses towards completion, the Eagle Watch system will evolve to offer alarm response for a variety of emergency issues, demonstrating its versatility and potential to safeguard large, private gated communities. The system's advanced features allow it to receive, analyze, and downstream data in real time, and having the potential to inform public safety agencies of possible security breaches and downstream the information to them even before they arrive on the property.
Allan Steinhardt, CEO of Steinhardt Construction, is optimistic about the future of Eagle Watch at Eden Gardens. "We believe in integrating cutting-edge technology to provide the best security measures for our residents. The Eagle Watch system offers an advanced understanding of property security, making it a perfect fit for our gated community," Steinhardt comments.
"RDARS Eagle Watch platform is an embodiment of the Company's mission to improve alarm response and situational awareness and provide more safety using autonomous and artificial intelligence systems. This deployment at Eden Gardens is another exciting step towards our business objectives," said Charles Zwebner RDARS CEO.
About RDARS Inc.
RDARS possesses a disruptive technology that is advancing the security industry's approach to protecting commercial, industrial, and residential properties, by introducing protection with autonomous artificial intelligence systems that allows for real time response, situation awareness, verification, intervention, evidence recording, data capture, analysis, and immediate downstream transmissions to public safety agencies. RDARS has the ability, upon a property security breach, in real time to receive, analyze, and downstream the data and inform public safety agencies who the perpetrators potentially are before they even arrive at the property.
Founded in 2019, RDARS is an originator in its innovative equipment manufacturer of its flagship product, the Eagle Watch Platform comprising Eagle Eye, a drone, Eagle Nest, a drone station, Eagle Rover, an indoor robotic system, and Eagle Watch Command & Control Software. The Company's autonomous robotic systems provide situational awareness in a cost effective and reliable manner. The Company's mission is to improve alarm response and situational awareness by obtaining required approvals from federal regulatory agencies for BVLOS operations. RDARS is currently developing its technology for private and enterprise customers in the United States and Canada, where these customers require a more reliable and advanced understanding of their property security. For more information about RDARS, please visit its website at www.rdars.com and its profile page on SEDAR at www.sedar.com.
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company's business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones; the Company's future growth prospects; the development of the Company's business and future activities following the date hereof; expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the autonomous drone and robotic industry and security industry generally; the market for the Company's current and proposed product offerings, as well as the Company's ability to capture market share; the Company's strategic investments and capital expenditures, and related benefits; the distribution methods expected to be used by the Company to deliver its product offerings; the competitive landscape within which the Company operates and the Company's market share and reach; the performance of the Company's business and the operations and activities of the Company; the Company's ability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the Company's technology making an impact on the autonomous drone and robotic industry and security industry; the Company's products providing its consumers with the benefits as described herein; the Company continuing its research and development in its products; the Company's anticipation for the deployment of its products under the timelines stated; the anticipated deployment and applications for the Eagle Eye drones and Eagle Nest stations pre and post construction completion at and of Eden Gardens; the Eagle Watch system will evolve to offer alarm response for a variety of emergency issues; and the Company's mission to improve alarm response and situational awareness and provide more safety using autonomous and artificial intelligence systems.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company's financial condition and development plans do not change as a result of unforeseen events; there will continue to be a demand, and market opportunity, for the Company's product offerings; current and future economic conditions will neither affect the business and operations of the Company nor the Company's ability to capitalize on anticipated business opportunities; current and future members of management will abide by the Company's business objectives and strategies from time to time as established by the Company; the Company will retain and supplement its board of directors and management, or otherwise engage consultants and advisors having knowledge of the industries (or segments thereof) within which the Company may from time to time participate; the Company will have sufficient working capital and the ability to obtain the financing required in order to develop and continue its business and operations; the Company will continue to attract, develop, motivate and retain highly qualified and skilled consultants and/or employees, as the case may be; no adverse changes will be made to the regulatory framework governing beyond visual line of sight operations, taxes and all other applicable matters in the jurisdictions in which the Company conducts business and any other jurisdiction in which the Company may conduct business in the future; the Company will be able to generate cash flow from operations, including, where applicable, distribution and sale of its products; the Company will be able to execute on its business strategy as anticipated; the Company will be able to meet the requirements necessary to obtain and/or maintain authorizations required to conduct the business; the Company's continuing ability to meet the requirements necessary to remain listed on the CSE; general economic, financial, market, regulatory, and political conditions,, will not negatively affect the Company or its business; the Company will be able to successfully compete in the autonomous drone and robotic industry and security industry; prices offered by competitors will not decline materially; the Company will be able to effectively manage anticipated and unanticipated costs; the Company will be able to conduct its operations in a safe, efficient and effective manner; general market conditions will be favorable with respect to the Company's future plans and goals; the Company's technology will make an impact on the autonomous drone and robotic industry and security industry; the Company's products providing its consumers with its benefits as described herein; the Company will deploy its products under the timelines stated; the Company's anticipation for the deployment of its products under the timelines stated; the Company having the ability to deploy its Eagle Eye drones and Eagle Nest stations for the stated purposes pre and post construction completion at and of Eden Gardens; the Company having the ability to develop the Eagle Watch system to offer alarm response for a variety of emergency issues; and the Company having the ability to carry out its mission to improve alarm response and situational awareness and provide more safety using autonomous and artificial intelligence systems.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the risks associated with the autonomous drone and robotic industry and security industry in general; the inability of the Company to obtain requisite approvals; the Company's inability to attract and retain qualified members of management to grow the Company's business and its operations; unanticipated changes in economic and market conditions or in applicable laws; the Company's inability to secure or maintain required authorizations necessary to conduct the business and operations and meet its targets; the Company's inability to effectively manage unanticipated costs and expenses, including costs and expenses; the risk's associated with the Company's in meeting its business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones; the inability of the Company's to identify and secure future growth prospects; the Company's inability to develop its business and future activities following the date hereof; the Company's inability to meet or exceed expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; the Company's inability to meet the requirements necessary to remain listed on the CSE; the Company's inability to meet or exceed expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the autonomous drone and robotic industry and security industry generally; the risks associated with the market for the Company's current and proposed product offerings, as well as the Company's inability to capture market share; the risks associated with the Company's strategic investments and capital expenditures, and related benefits; the risks associated with the distribution methods expected to be used by the Company to deliver its product offerings; the risks associated with the competitive landscape within which the Company operates and the Company's market share and reach following the date hereof; the lack of performance of the Company's business and the operations and activities of the Company following the date hereof; the Company's inability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the Company's technology making an impact on the autonomous drone and robotic industry and security industry; the inability of the Company's products to provide its consumers with its benefits as described herein; the Company will not deploy its products under the timelines stated; the Company's inability to deploy its Eagle Eye drones and Eagle Nest stations for the stated purposes pre and post construction completion at and of Eden Gardens; the Company's inability to develop the Eagle Watch system to offer alarm response for a variety of emergency issues; and the Company's inability to carry out its mission to improve alarm response and situational awareness and provide more safety using autonomous and artificial intelligence systems.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events, or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
