As always–here’s the latest news from the world of drones.  The official report from the FAA is out–and it’s great news for us!

Matternet is developing autonomous drones to deliver blood samples from remote regions.

The FAA has issued its official report on the state of the aerospace industry, including drones, entitled FAA AEROSPACE FORECAST–Fiscal Years 2016-2036.  In it, the FAA predicts that sales of commercial drones (our market) will go from 600,000 units in 2016 to 2.5 million units a year beginning next year.

That means there will be 2.5 million commercial drones manufactured each year, each of which could benefit from our U-Dot quick-connect adapter system!

What We’ve Accomplished to Date

I would like to let everyone know that I am in the last few weeks of the Founder Institute Program, that began on January 28, and will end with graduation on April 28. Our product and business plan have, during these last three months, passed two rigorous reviews by the program mentors.  During this time, we have:

  • Fine-tuned our product offering based upon careful study of the market and the guidance of our Advisory Board
  • Fine-tuned our business concept based upon what I have learned at Founder Institute and the feedback provided by FI’s panel of mentors, and the support and feedback of my team members among my fellow San Diego founders
  • Assembled an all-star Advisory Board (Bruce Doyle, Tim McConnell and Sean Daniels) that continually gives us the benefit of their experience and knowledge about drone technology, the drone business and business and manufacturing processes
  • Brought on board a brilliant drone engineer, Jeff Wurzbach, who is working tirelessly to bring our products into reality
  • Begun the process of developing a prototype (which we expect to have ready by the end of next week)

What Comes Next

As I head for the finish line of this training period, our plans call for:

  • Developing a prototype with the advice and guidance of Darryl Annunciado at ActionDrone, and Sean Daniel at EZDrone, as well as the rest of the Advisory Board
  • Developing a “beta” model that can be fielded tested both by ActionDrone and by me, on my own drone
  • Completing the design and manufacturing plans for our first product, with an eye to being in production within the next six months or less

As you can see, there is still a long road ahead of us, and we’re hoping that you’ll come along for the ride.

As always, we’d love to hear your comments and feedback.
See you next week!

Doug Sohn
Founder and CEO