caption 1: Launch of Upgraded NETRA V4 PRO launch at XPONENTIAL 2023.
Photo caption 2: Product-NETRA V4 PRO
Denver, Colorado, May 10, 2023 (GNI): ideaForge Technology Limited, the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems industry, with a market share of approximately 50% as of Fiscal 2022, as per the 1Lattice Report, launched its latest upgraded UAV, NETRA V4 PRO at XPONENTIAL 2023. The NETRA V4 PRO has a flight time of over 90 minutes.
The NETRA V4 PRO is the latest addition to the NETRA series of UAVs developed by ideaForge. One of the key upgrades of the NETRA V4 PRO is its extended flight time of 90 minutes. It is operational up to a range of about 10 miles. NETRA V4 PRO is built to be used for a wide range of applications, including defense, public safety, emergency response and mapping.
“NETRA Series UAVs are designed for a wide range of mission-critical applications, and NETRA V4 PRO, provides an extended flight time of over 90 minutes”, said Ankit Mehta, CEO of ideaForge. Further, he added, “XPONENTIAL is not just an event, rather it is a platform to showcase your technology across the global UAV industry. Launching NETRA V4 PRO at such a global level is an opportunity for ideaForge to present its innovations,” stated in a press release.
Along with NETRA V4 PRO, ideaForge introduced its ‘Early Adopter Program (EAP) in the United States and Canada which allows the customers to Test and Try this ideaForge UAV without an initial investment. The Early Adopter Program allows customers to gain first-hand experience by testing ideaForge’s upgraded UAV, NETRA V4 PRO, with 90 minutes of flying time. After completing this program, customers will be able to purchase the UAV at a discount. As an early user of the EAP, ideaForge provides its customers with early access to its features and dedicated customer support.
About ideaForge: ideaForge is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (“UAS”) market, with a market share of ~50% in Fiscal 2022 in India. The company is ranked 7th globally in December 2022 in dual-use category (civil & defense) drone manufacturers by Drone Industry Insights. Its UAVs are equipped with industry leading specifications and capabilities, comparable to those of other established global players in the UAV industry. ideaForge customers have completed 300,000+ flights using ideaForge UAVs as of December 31, 2022. ideaForge has the largest operational deployment of indigenous UAVs across India, with an ideaForge manufactured drone taking off every five minutes during the nine months ended December 31, 2022. (Information source of this para: 1Lattice report). Visit www.ideaforgetech.com to know more!
‘The 1Lattice Report is subject to the following disclaimer: “The report has been prepared as a general summary of matters on the basis of our interpretation of the publicly available information, our experiences and the information provided to us, and should not be treated as a substitute for a specific business advice concerning individual matters, situations or concerns. The procedures we have performed do not constitute an audit of the Company’s historical financial statements nor do they constitute an examination of prospective financial statements. We have also not performed any procedures to ensure or evaluate the reliability or completeness of the information obtained from the Company. Accordingly, we express no opinion, warranty, representation or any other form of assurance on the historical or prospective financial statements, management representations, or other data of the Company included in or underlying the accompanying information. We have not carried out any financial, tax, environmental or accounting due diligence with respect to the Company.”’ends GNI SG
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