Sign Up

UAV Corp. (OTC: UMAV) Strengthens Financial Position with Elimination of Convertible Promissory Notes, Ongoing Debt Reduction, and Strategic New Sensor Division

WEWAHITCHKA, Fla., July 24, 2025 (GLOBE NEWSWIRE) -- UAV Corp. (OTC:UMAV), a leader in innovative manned and unmanned aerial vehicle (UAV) technologies, is pleased to announce significant progress in strengthening its financial foundation. The company has successfully paid off three convertible promissory notes, which can no longer be converted into equity, marking a pivotal step in reducing dilution risk and enhancing shareholder value. Additionally, UAV Corp. is actively negotiating to eliminate two more notes and has achieved a significant reduction in its largest debt, further solidifying its balance sheet. The company remains on track to have the majority of its notes paid off by the end of 2025.

In a strategic move to maximize shareholder value and streamline operations, CEO Michael Lawson has announced his decision to focus all of his energies exclusively on UAV Corp. (OTC:UMAV). To this end, Mr. Lawson has chosen to step away from any officer or director roles in other public companies, ensuring his full commitment to driving UAV Corp.'s growth and innovation. Furthermore, UAV Corp. is introducing a new unique Sensor Division under the UAV Corp. umbrella, utilizing advanced optics and bio sensor technologies, creating a wholly-owned subsidiary enhances the company's portfolio and shareholder value. This strategic move positions UAV Corp. to leverage sensor capabilities in multi spectral imaging and bio-sensor payloads for agriculture, atmospheric testing, mining and many other applications to later integrate into Skyborne Technology's DART series drone airships and AIG's T-Wing drones.

"Our team is focused on building a stronger, more innovative UAV Corp.," said Michael Lawson, CEO. "Eliminating convertible debt, reducing our ...