This Company's Drones Could End Up Helping First Responders Detect Hazards and Provide Better Public Safety

Helicopter being used to fight wildfire


The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.


The unmanned aerial vehicle (UAV) market has reportedly ballooned exponentially because of its popularity and adoption by consumers. They may sound and look like buzzing insects hovering aimlessly in the sky, but drones today are so technologically advanced that they are used in several simple and critical spheres of human life.


Interest in drones keeps growing because of the more practical and innovative ways they can be used, and because of the numerous advantages they present, UAVs have broken the usage limitation barrier and are available to almost anyone.
The civilian use of drones now has surpassed the military purposes they have been synonymous with for decades. Although the military still uses them, the commercial UAV industry is a fast-growing multimillion-dollar market.


Growing Consumer Market


The global urban air mobility market is projected to reach $86.83 billion by 2035, while the commercial drone market size is predicted to reach $35.4 billion by 2026. Meanwhile, the military drone market is expected to reach $21.76 billion by 2026.
Consumers’ growing appetite for aerial photography and video production, private surveillance, and other recreational purposes is fueling the growth of the industry.


In the area of public safety and care, drones have become more reliable because they can access hard-to-reach places, making them an ideal solution for dangerous search-and-rescue efforts, spot wildfires, support law enforcement, infrastructure maintenance, and management. They are also used in the delivery of emergency supplies and medications to remote locations and disaster areas.


Several players in the unmanned aerial vehicles industry — GoPro Inc. GPRO, AeroVironment Inc. AVAV, and AgEagle Aerial Systems Inc. UAVS — are pushing the boundaries and advancing the innovation and capabilities of UAVs.


Changing the Drone Landscape?


But a fast-growing player based in Idaho, xCraft Enterprises Inc. (which is currently raising capital via a crowdfunding campaign), believes most players have still failed to unearth the full potential of drones. With a launch on ABC’s ”Shark Tank,” xCraft became “America’s Drone Company,” creating an arsenal of innovative, patented drone systems that it believes have the capacity for significant positive change in the unmanned aerial vehicle landscape.


Public Safety


xCraft says it provides state-of-the-art technology that improves response times and public safety. The company’s drones are custom first responder systems that have been designed to autonomously deploy to the scene of an incident ahead of first responders to gather valuable intel.


This intel, sent in the form of video via a secure network, will be at the fingertips of the first responders while in route and, in some cases, prior to leaving for the scene. The benefit of having this intel in advance will result in better decisions about scene safety, resource management, and plan of attack. In addition to video intel, the system will also detect gas leaks, pinpoint fire locations and recognize personnel locations while on the scene.


Surveying and Mapping


The geospatial industry is constantly looking for ways to improve data collection and accuracy. The addition of new UAV technology has become a mainstay factor adding the speed of data collection and pinpoint accuracy.
xCraft technology harnesses the advancements of data collection sensors and the Global Navigation Satellite System (GNSS) to deliver high-quality mapping and surveying results. The company states that its long-range, fully autonomous UAV platforms are pushing the edge of UAV technology in the surveying and sapping industry.


Defense


xCraft develops low-cost, rugged, and simple drone operations to support a large spectrum of conflict successfully. The company’s warfighter can cover and support intelligence, surveillance and reconnaissance (ISR), target or enemy identification and tracking, counter-explosive hazards, and combat support and sustainment.
xCraft UAV capabilities and new development in technologies are meant to enable the warfighter to conduct missions more effectively with reduced risk — casualties, minimize the soldier’s workload, vulnerability, and exposure to the enemy.


Mining and Construction


xCraft also reports that the use of mining drones has revolutionized the way large mine sites and quarries oversee their operations. Unlike traditional surveying methods, its drones can provide exceedingly quick and accurate data across a large territory.


The drones are equipped with downward-facing cameras that can capture highly detailed images of a mining site from various angles.


To learn more about the direction in which xCraft is headed, and how to get involved, you can also visit the company’s blog page here.


The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.


You should read the Offering Circular and Risks related to this offering before investing. This Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

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