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Mar 20, 2020 — A privately held company that combines nationwide engineering solutions, unmanned aerial systems (UAS) and unmanned aerial vehicle (UAV) technology services, and software solutions to a variety of industries, with its core market vertical being the railroad industry.
•Revenues have grown at a compound annual growth rate of 34.6% from 2015 to 2019
•72% of annual revenue is from repeat customers
•Approximately $1.2M in secured backlog as of February 2020
•Diversified revenue streams: engineering solutions, UAS/UAV technology, and software-as-a-service (SaaS) that integrate and complement each other to provide impressive solutions
•Depth and diversity of UAS application experience from complex infrastructures to terrain modeling to specialty sensors
•Unique technology niche within the railroad industry
•Strategic partnerships for Research and Development (R&D) applications in Light Detection and Ranging (LiDAR), special sensors, software viewers, and UAV prototypes
•Highly skilled in-house engineers, UAS/UAV pilots, Geographic Information Systems (GIS) specialists, and software developers
•Several Master Service Agreements (MSA) in place with top clients
•Operates in 46 states
•Incorporate UAS data analytics, and sell or license its unique software to engineering companies outside of the railroad industry to expand operations
•Incorporate Artificial Intelligence (AI), expand technology offerings, and offer in-house software to specific infrastructure markets
•Capitalize on existing key relationships and nurture them into valuable partnerships to gain larger, more complex projects
•Advancing Beyond the Visual Line of Sight (BVLOS) as a core competency
•The company serves the rail, energy, environmental, construction, telecommunications, transportation, and institutional industries across the United States, with a specialization in the railroad industry.
•The company operates from three locations: California, New Hampshire, and Maine. All locations are leased from unrelated third parties. There is significant room to grow in each location.
•The company is owned by eight active shareholders. All owners desire to remain with the company.