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Saint Petersburg, FL, July 21, 2015 (GLOBE NEWSWIRE) -- Infrax Systems Inc. (OTC: IFXY), a global provider of Internet of Things and Smart Grid Technologies for the electric utility and agricultural industries, announces today that the Company is developing security and agricultural drones using SNIC technology for its utility and agritech customers, including HempTech Corp (FWDG). Security Drones will be implemented with the next version of the SPIDer II security network. The Company will utilize its HIB, Host Interface Board, of its flagship product SNIC (Secure Network Interface Card) for secure communication for the development of the drones. The development of Security & Agricultural Drones will be in conjunction with a joint venture with HempTech Corp (FWDG). Infrax Systems will work with third party drone manufacturers to embed its technologies for Security & Agricultural Drones.
For the first time, agricultural drones will legally be able to gather widespread data across an entire growing season, allowing companies to test their business models and technologies together for the first time. Precision agriculture--crop management that uses GPS and big data--will be the most efficient way to boost crop yields and profits while resolving water and food crises specially in States such as California.
According to Forbes, a widely-cited drone report released by the Association for Unmanned Vehicle Systems International predicts that the legalization of commercial drones will create more than $80 billion in economic impact (such as revenue, job creation) between 2015 and 2025, and that precision agriculture will provide the biggest piece of that growth. Advanced sensors that are at the heart of the drones will claim a large chunk of the UAV cost stack, accounting for $670 million.
According to Lux Research, U.S. still will lead in unit sales. Sales of drones will reach 1.4 million in 2025. Sales in the United States will top the list with 330,000 units, while Europe and South America follow, each with around 200,000 units.
Infrax will utilize on board low power 900MHz type radio which is capable of operating in several modes and provides a communications path independent of the main COMMOD on the SNIC. The radio is a global standards radio, capable of operation in the 915MHz band in the U.S. as well as the 867MHz band worldwide and is specifically designed to work in the new IEEE 802.15.4g standards. The data transmission will be inherently secure due to the innate security function of the SNIC platform.
About Infrax Systems
Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Our products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform, incorporates a communications transport and management system, (GridMesh™), device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers.
To request further information about Infrax, please email us at email@example.com, log onto our website at http://www.infraxinc.com or visit us at our Facebook page facebook.com/infraxsystems or on Twitter @infraxsystems.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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