This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Orlando Entrepreneurs Seek To Partner With FAA For Certificate Film Flight School To Create Jobs And Enable Millions In Economic Impact

ORLANDO, Fla., March 22, 2013 /PRNewswire/ -- In the midst of a recovering economy, a 7.7 percent unemployment rate and federal sequestration, a group of Central Florida entrepreneurs have come up with an idea on how to help government —and they want to start with the Federal Aviation Administration (FAA).

(Logo:   http://photos.prnewswire.com/prnh/20130322/PH81691LOGO-a)

(Photo:   http://photos.prnewswire.com/prnh/20130322/PH81691-b)

"The FAA like so many agencies is overworked and underfunded, and my company wants to relieve some of the burden through a strategic partnership," explains Al Ducharme, a founder of Hoverfly Technologies and associate professor in the College of Engineering and Computer Science at the University of Central Florida (UCF).

Hoverfly Technologies develops remotely piloted aerial robots that enable nearly hands-free flight and effortless video capture in the air. The company recently created a social media buzz after demonstrating the robot for the producers of the Golf Channel's "On the Range" show.

"The world's most versatile aerial robots are what we make. Enabling people to share their vision through incredible aerial photos and video is what we do," Ducharme says. "The film and entertainment industries have used our systems to capture everything from the Aztec ruins to Amazon rainforest tree canopies. We got a call from the Golf Channel, and they wanted to see the filming ability of our Hoverfly system at the Arnold Palmer Bay Hill Classic in Orlando."

On March 19, Ducharme set up some line of sight shots in a closed area for the "On the Range" producers. The show takes viewers to the tournament practice range for an inside view on how players are preparing for this week's PGA Tour Arnold Palmer Invitational.

When a couple dozen journalists used Twitter and Vine to share images and footage of the Hoverfly demo, the response was deafening. Hoverfly received mentions from Titleist, the Golf Channel, Callaway's Chad Coleman; and coverage from USA Today and Business Insider, to name a few.

"Our company received coverage from bloggers and news outlets like USA Today, affirming what we already knew -- there is significant industry demand, job creation and economic growth potential for commercial use of aerial robots," Ducharme says.

However, the FAA prohibits using aerial drones commercially in the United States.

Hoverfly Technologies already has an existing flight school in which it trains its customers on how to use its robotic systems. Now, the company wants to partner with the FAA to create a 'Film Flight School' certification program to focus on safety precautions and agency stipulations.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs