Share Price: 0.11
Universal Wing will have a static display at the Abbotsford International Air Show, August 13-15, 2010. Please visit us at booth WZ1/WZ2. For more information to go http://abbotsfordairshow.com
click on the thumbnails for more information
Visit Universal Wing's static display of our UAV "Venturer" at the Princeton Air Show, Saturday July 17th, 2010.
Go to: www.princetonairshow.ca for more information.
See you there!
Universal Wing Technologies Inc.(the “Company”) (TSX: V-UAV) announces that further to its news releases of November 29, 2009, and February 2, 2010, it has closed the second tranche of its non-brokered private placement. The second tranche consists of 149,422 units. Each unit consists of one common share of the Company and one non-transferable share purchase warrant, each warrant entitling the holder to purchase one common share of the Company for a period of one year, expiring on April 14, 2011 at a price of $0.20 per share.
All the securities issued in connection to the second tranche are subject to a hold period expiring on August 15, 2010.
Retired Transport Canada UAV Expert Joins Universal Wing Technologies Inc. Advisory Board. Universal Wing Technologies Inc. (“Universal”) is pleased to announce the addition of Mr. Jake Woelk to the advisory board. Universal provides geophysical data gathering services to the resource sector utilizing a wide range of manned and unmanned platforms and vehicles. It also aims to develop new markets and technologies for unmanned aerial data acquisition through investments, partnerships, and acquisitions. As the company moves forward, it requires diverse expertise on its executive board and on its advisory board to develop strategies for success.
To this end, Universal has engaged Jake Woelk on its advisory board. Jake has been a licensed pilot since 1964, holding Commercial Pilot and Flight Instructor designations. He also holds Instrument Rating, class 1, and Airline Transport Pilot ratings. He has extensive experience flying bush planes, float planes, small charters, and in flight instruction. In addition, Jake has been a flight examiner for private, commercial, multi-engine, and instrument classes. From 1998 until his recent retirement, Jake was employed by Transport Canada. In the field of unmanned aerial vehicles (UAVs), Jake was engaged in drafting Special Flight Operation Certificates for Transport Canada, providing guidance to a wide range of new UAV users, from one-man start-ups to police force participants. Jake was also involved in the development of internal staff instructions for Transport Canada’s UAV operatives.
Universal Wing Technologies Inc. (TSX: UAV) announces the commencement of its first commercial survey contract of 2010. Field engineers are currently undertaking a magnetometer-based mission for a third party client using the company’s Sky Dart system.
The Sky Dart is a versatile helicopter-towed bird system developed by the payload specialists at Universal Wing Geophysics. Unlike many competitor systems—which are dependant on their parent helicopter—Sky Dart is self-contained, self-powered, and is easily installed. Once pilot navigational aids are installed into the helicopter (a simple and quick operation), the system is ready to go to work.
Sky Dart has been designed to reduce survey mobilization costs to an absolute minumum, and to provide maximum flexibility in operation with no compromise of data quality. Field-ready when it arrives on site, the system benefits from Universal’s years of experience designing payloads for its unmanned aerial vehicle (UAV) fleet.
Declan Sweeney CEO of Universal said, "We’re very pleased to engage in our first revenue-generating assignment since the company began trading as Universal Wing Technologies Inc. in December 2009. Sky-Dart and our UAV camera system are already commercially viable systems. Later this summer we will also introduce a horizontal magnetometer system deployed on board our Venturer UAV."
Please join us at the upcoming PDAC International Convention from March 7-10, 2010.
Our booths will be #2103 on the Investor’s Exchange side AND booth #603 on the Trade Show side, where the plane will be showcased.
For more information on attending the PDAC, please visit their website at http://pdac.ca/pdac/conv/2010/registration.html
Universal Wing Technologies Inc. has taken delivery of its third Venturer-class unmanned airborne vehicle (UAV), targeted at night time "red eye" endurance missions. This aircraft will demonstrate that the Venturer design can fly reliably through the night, taking off at dusk and landing at dawn.
Flying night missions is an advantage for Universal because lower turbulence (at low altitude) makes flying smoother, improving data quality. Magnetic field variations are also reduced at night, improving geophysical data quality. The "red eye" endurance tests will be conducted in the interior of British Columbia and will be completed by August 2010. Revenue-generating missions will then be initiated.
The Venturer UAV is a custom-designed workhorse manufactured exclusively for Universal by Stratus Aeronautics Inc. of Vancouver, BC. The first Venturer carries a camera payload. The second Venturer is currently being used for promotion, and can be viewed at the Universal booth at the PDAC (#603 Trade Show side). Universal has ordered a fourth Venturer in which a horizontal gradiometer (two magnetometers in each wing tip) payload will be installed.
An independent study on the Canadian Market for the UAS (Unmanned Air Systems), Non-Military Applications. Click to download the PDF.
National Research Council (NRC) - Industrial Research Assistance Program (IRAP) and Canada's UAS Community in 2009.
A presentation to UVS Canada, Victoria BC, 5th November 2009. Click to download the PDF.
Universal Wing Technologies Inc.
(formerly Austin Developments Corp.)
Suite 1818 – 701 West Georgia Street,
P.O. Box 10144
Vancouver, British Columbia
V7Y 1C6
Tel: 604-689-1799
Fax: 604-689-8199
TSX Venture: UAV
Austin changes its name and trading symbol to Universal Wing Technologies Inc.
Universal Wing Technologies Inc. (the “Company”) is pleased to announce that at the company’s Annual General Meeting, the shareholders voted overwhelmingly in favour of taking the Company in a new direction. Austin Developments Corp. has changed its name to Universal Wing Technologies Inc. and will trade under the new symbol TSXV:UAV.
Over the past 4 years Universal Wing Geophysics Corp., a wholly owned subsidiary of Universal Wing Technologies Inc., has been working to become the preferred service provider of unmanned vehicles to the mining/exploration industry. During this time Universal Wing has also participated in a government supported project to provide an unmanned capability to the emergency response/disaster management sector in BC. With the development of its latest Unmanned Vehicle, Universal Wing will soon be in a position to target other industries that seek to benefit from unmanned technology. These industries include pipeline and hydro line surveillance and monitoring, fisheries and any other sector which currently fly fixed wing or helicopter surveys.