OxySure Announces Receipt of Commercial Drone Approval from FAA, Shares Spike On News

OxySure Announces Receipt of Commercial Drone Approval from FAA, Shares Spike On News

By: Dylan Sikes - AllPennyStocks.com News

Tuesday, September 1, 2015

Radiant Insights said in a report earlier this year that the drones market is expected to grow significantly over the next few years because of the more economic visualization and navigation provided by systems. Visualization includes mapping from the air, inspection from the air, surveillance from the air, and package delivery from the air. Further the report notes that unmanned aircraft systems promise to achieve a more significant aspect of commercial market presence. According to Radiant Insights, police departments, the oil and gas industry, border patrol, and utilities are all using commercial drones. Importantly, worldwide markets are evolving for several applications, the report adds.


Radiant Insights expects drones to provide billions of dollars in economic growth. The drone markets were valued at $609 million in 2014. They are expected to grow exponentially based on estimates from Radiant Insights. Radiant Insights expects the market to grow to $4.8 billion globally by 2021. However, there are some challenges, including the fact that the use of commercial drones requires Federal Aviation Administration (FAA) approval in the U.S.

This morning, OxySure Systems Inc. (OTCQB:OXYS), a Frisco, Texas-based medical technology company that focuses on the design, manufacture and distribution of specialty respiratory and medical solutions, announced that its petition for exemption from commercial drone usage was granted by the FAA.

OXYS had submitted a petition to the Department of Transportation (DoT) in June seeking an exemption from the applicable Federal Aviation Regulations (FARs) in order to allow for the operation of small Unmanned Aircraft Systems (sUAS) under certain conditions and limitations. The FAA, which is a division of the DoT, has granted exemption. As a result, OXYS is permitted to operate small, unmanned sUASs under controlled conditions in airspace that is limited, predetermined, and would provide safety enhancements to First Responders on the front lines for communities.

OXYS plans to provide drone solutions to a range of first response customers across the U.S., including fire departments, paramedics, first responders, and the military. The solutions will include drone products designed to carry much-needed medical and emergency medical payloads such as Automated External Defibrillators (AEDs), oxygen, first aid supplies, water, food, safety gear and other lifesaving equipment and supplies.

Julian Ross, President and CEO of OxySure, said that the company is pleased that the FAA has granted its exemption petition and that this is yet another significant step towards the goal of improving medical and emergency outcomes by bridging the gap between the onset of a medical or life-threatening emergency and the time that first responders arrive on the scene or assistance becomes otherwise available.

Shares of OXYS were up over 8% on an otherwise down day on the markets. Even with the 8% gain, shares are still near their 52 week low; however investors will likely be watching to see if this news is the needed catalyst for a new leg up for the Company’s stock price.

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