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Wing Seeks Exemption For Remote Drone Operation
Wednesday, April 28, 2021 - 1:40pm | 928Following the release of positive public feedback for drone delivery in Christiansburg, Virginia, Alphabet's (NASDAQ: GOOGL) drone division, Wing Aviation, is requesting federal approval to operate drone flights from a remote location. According to a petition published in the Federal Register on...
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Wingcopter Launches Triple-Drop Delivery Drone
Tuesday, April 27, 2021 - 1:05pm | 670Wingcopter, a Germany-based developer and manufacturer of unmanned aircraft systems, has introduced the Wingcopter 198, a first-of-its-kind, all-electric, vertical-takeoff-and-landing, fixed-wing drone that can make three deliveries per flight. "We applied the many years of experience with the...
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Workhorse Clarifies FAA Rumor, Says Timeline Doesn't Add Up
Friday, March 26, 2021 - 12:32pm | 240A Workhorse Group Inc (NASDAQ: WKHS) spokesperson told Benzinga that a Friday rumor circulating among traders is not confirmation of approval for its new HorseFly drone product. What Happened: Shares of Workhorse hit an intraday high of $14.30 Friday morning after investors and traders...
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7 Stocks That Fit Cathie Wood's Big Ideas 2021, Could Be Added To Ark ETFs
Tuesday, February 2, 2021 - 1:35pm | 930Ark Funds held its annual Big Ideas event recently and shared 15 themes to watch for 2021 and the future. Ark ETFs include the Ark Innovation ETF (NYSE: ARKK), Ark Next Generation Internet ETF (NYSE: ARKW), Ark Genomic Revolution ETF (BATS: ARKG), Ark Fintech Innotvation ETF (NYSE: ARKF) and Ark...
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Drone Delivery Startup Skyports Raises Funding From DB Digital Ventures
Monday, December 16, 2019 - 12:43pm | 733DB Digital Ventures, the venture capital arm of German train operator Deutsche Bahn, has announced an investment in Skyports, a U.K.-based drone technology startup that is taking the aerial route to transport people and cargo. DB Digital Ventures is a pan-global venture capital firm that invests...
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Amazon Prime Air VP Touts Environmental, Safety Benefits Of Drone Delivery
Thursday, October 3, 2019 - 5:03pm | 1562Amazon.com, Inc. (NASDAQ: AMZN) Prime Air vice president Gur Kimchi held an audience of clean technology and environmental policy experts spellbound as he laid out the company's futuristic vision of unmanned aerial vehicles (UAVs) darting around the sky delivering packages to consumers in 30...
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Fallout From The Saudi Attack: American Drillers Are More Than Capable Of Covering The Shortfall
Thursday, September 19, 2019 - 2:52pm | 631At the beginning of last December, the United States became a net exporter of oil for the first time in 75 years. This phenomenon occurred on the heels of the United States becoming a net exporter of natural gas in 2017. Long gone is the talk of peak oil of the early 2000s, which for now seems like...
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Oil Falls As Saudi Arabia Projects Quick Recovery From Drone Attack
Tuesday, September 17, 2019 - 2:56pm | 631Oil prices soared Monday in reaction to a drone attack on Saudi Arabian oil facilities, but most of the gains were short-lived: WTI and Brent crude prices were each down more than 5% Tuesday. What Happened The price of oil surged the most on record Monday after a drone attack on...
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Oil Prices, Stocks Pump Higher After Drone Strike Cripples Saudi Oil Supply
Monday, September 16, 2019 - 8:21am | 700Saudi Arabia suffered a drone strike at its Abqaiq crude oil processing facility over the weekend, which happens to be the "most critical" piece of infrastructure in the country. The price of Brent crude and WTI oil traded higher by around 10% Monday morning. What Happened The Abqaiq...
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Drone Startup Hangar Raises $6.5 Million Seed Round
Thursday, October 20, 2016 - 9:09am | 537Hangar, a software company that specializes in autonomous data capture using drone technology, was co-founded by Colin Guinn. Guinn may be best known for being the first person to fly a drone in Congress and is synonymous with drones in international media. The company's other co-founder,...
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Amazon One Step Closer to Drone Delivery With U.S. Patent
Monday, May 11, 2015 - 9:21am | 230Amazon.com, Inc. (NASDAQ: AMZN) received a patent for its drone-delivery technology, which the company has dubbed Amazon Prime Air. The company first previewed the technology in a "60 Minutes" segment in December 2013 and submitted the patent in September 2014. This year, the Federal...
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Markets Little Moved Ahead Of The Thanksgiving Break
Wednesday, November 26, 2014 - 6:01pm | 731U.S. stocks inched higher on Wednesday as the Dow and S&P 500 closed the day at record highs and investors and traders were dealt a heavy flow of economic data. According to U.S. data, durable goods rose in October while unemployment benefits also rose last week. Personal income and...
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What Else Can A Drone Be Called?
Monday, October 13, 2014 - 2:14pm | 401Drones have been in the news a great deal over the past few years. The discussion mostly pertained to the use of drones in military operations. More recently, however, the possibility of drones taking on business applications has come closer to reality than ever before. For example, Amazon.com...
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Can Drone-Maker AeroVironment Compete In A Civilian Environment?
Friday, July 11, 2014 - 3:36pm | 680Shares of drone-maker AeroVironment (NASDAQ: AVAV) soared Wednesday, seeing a 13 percent bump for the day. But the question, according to Zacks, was whether the positive news would last. This was especially relevant given considering AeroVironment -- a company that has been so heavily involved...