HOUSTON, TX / ACCESSWIRE / May 21, 2015 / Valmie Resources Inc. (OTCMKTS: VMRI), an emerging high tech solutions company that brings to market state-of-the-art products for rapid commercialization, provides the following letter to its shareholders.
To our shareholders:
So far, this has been an exciting year for Valmie.
At the end of last year, we set out to redirect our focus to technology with emphasis on unmanned aerial vehicle (UAV) systems. We are proud of our accomplishments and enthusiastic about the direction the company is taking. Here, we share the milestones achieved during the past six months and our vision for growth going forward.
Valmie’s business viewpoint includes the firm belief that innovation drives profitability, especially for growth-stage organizations entering emerging industries. This belief continues to guide the company as it partners, develops and sells leading edge consumer-oriented products primed for rapid commercialization. This thought process will continue to move Valmie forward as it looks towards the future.
Overview of Accomplishments, December 2014 – May 2015
December 2014
Valmie announced it was shifting its focus to technology and in line with this change appointed a new president and CEO, Gerald B. Hammack. With this announcement, Valmie committed itself to become a tech innovator, working in the four “megasectors” of technology: software, hardware, networking and semiconductors.
Valmie promptly put out a call for innovative products in the final stages of development that were ready to move beyond the pilot phase to full commercial development.
January 2015
During this time, Valmie initiated development of its proprietary end-to-end cloud platform, AIMD (Autonomous Intelligence for Mobile Devices). This SaaS (Software as a Service) platform, with the capability for robust customization, will collect and send data from the unmanned vehicles’ independent controller units back to a cloud-based modular resource network for aggregation and analysis. The AIMD Platform will have the capability to determine intervention thresholds, quickly route pre-determined responses, communicate critical information to the operator, and in some cases deploy solutions in real time.
In order to accelerate the development and commercialization of the AIMD Platform, on January 27 Valmie signed a definitive agreement to acquire Vertitek Technologies, a developer of hardware systems and platforms for use in the commercial UAV industry including the V-1 Drone. Vertitek is an emerging technology company in the process of developing several novel advancements related to the use and control of commercial drones.
February 2015
The Association for Unmanned Vehicle Systems International (AUVSI), the trade group that represents producers and users of drones and other robotic equipment, predicts that 80% of the commercial market for drones will eventually be for agricultural uses. In early February, Valmie signed an LOI with Monitoreo Especializado Agrícola de Jalisco, SA (MEA), an international crop monitoring solutions provider. In collaboration with MEA, we plan to develop a customized system using the V-1 Drone and our AIMD Platform to focus Valmie’s inventive technology for agricultural applications. UAV technology, already in use throughout many areas of the world, helps growers’ continued efforts to efficiently monitor their fields, mitigate crop stressors and manage crop development. Imaging from drones allows farmers to combine their crop data with advanced crop imaging, mapping and pinpointing the most advantageous times for treatments. This process, known as precision agriculture, can save the grower money from unnecessarily overusing resources while at the same time reducing the amount of runoff that could flow into nearby rivers and streams.
March 2015
On March 31, Valmie acquired Vertitek, a privately held tech frontrunner in the UAV sector. Vertitek was established to provide commercial drone software, hardware and cloud services for a wide range of applications in various areas of civil operations. With this acquisition, we obtained rights to Vertitek’s entire portfolio of investigational next generation UAV designs, including the V-1 Drone, which was being tested and prepared for its maiden flight.
April 2015
In mid-April, Valmie celebrated another major milestone as the V-1 Drone prototype successfully completed its first flight. The landmark UAV lifted off from the test site while the engineering team on the ground closely monitored its progress and data stream. Valmie is now testing all operational systems and working on integrating the AIMD Platform.
On April 20, Valmie announced it was exploring adapting its UAV technology for Search and Rescue missions. Search on foot and manned aerial search are very costly. Highly maneuverable UAV’s have the potential to add invaluable support to these critical missions for a fraction of the expense and the risk.
In late April, Valmie began seeking additional acquisition partners who have developed innovative technology within the UAV space.
May 2015
Valmie was present at the AUVSI Unmanned Systems 2015, the largest global community of leaders in intelligent robotics and unmanned systems. In addition to offering a unique venue to explore new developments in the space, we had the opportunity to meet with several highly qualified acquisition candidate companies. We are currently in talks with prospective acquisition partners in order to bolster our portfolio and identify winners early, helping them develop their technologies as we build shareholder value.
On May 13, Valmie signed a Memorandum of Understanding (MOU) with a prominent search and rescue organization for the purpose of working with that group to develop and deploy our UAV technology for humanitarian missions.
Building for the Future
With all of these exciting activities occurring, Valmie is poised to become a premier provider of UAV products and services to commercial clients worldwide. We plan to achieve this through a disciplined execution of management’s accelerated growth and acquisition strategy – focused on adding world-class talent and market-disruptive technologies to Valmie’s portfolio.
The Next Steps
We continue to be passionate about our mission, the exciting opportunities ahead and the difference we can make through disruptive technologies. We will continue to seize new opportunities to increase shareholder value by growing our company and capturing market share.
We are now moving rapidly from a development stage company to full commercialization. As always, we will continue to keep shareholders aware of our progress through periodic media releases and through our website, http://valmie.com. We believe innovation is a key to success, and we are enthusiastic about what Valmie will be able to accomplish during the remainder of 2015 and beyond. Our team is hard at work doing an extraordinary job for you. We are proud of our accomplishments, our partnerships and look forward to exciting times ahead.
About Valmie Resources (OTCMKTS:VMRI)
Valmie Resources is a U.S. company actively pursuing opportunities for the commercialization of leading edge products and services in the rapidly expanding technology industry. Valmie seeks concepts with valid business models positioned to make a significant impact within the four key “megasectors” of technology: software, hardware, networking and semiconductors. Valmie brings operating talent, tools and leadership to emerging companies in these sectors, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.
For further information visit http://valmie.com.
Forward-Looking Statements
Certain information provided in this press release constitutes forward-looking statements. The words “anticipate,” “expect,” “project,” “estimate,” “forecast” and similar expressions are intended to identify such forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. You can find a discussion of those risks and uncertainties in our EDGAR securities filings with the Securities and Exchange Commission. Such factors include, but are not limited to: general economic, market and business conditions; fluctuations in the technology market; the results of product development and the result of our efforts to develop strategic relationships, partnerships and potential acquisitions that are in line with our business model; outcome of partnership negotiations; the uncertainty of market estimates; changes in environmental and other regulations; risks associated with retail operations; and other factors, many of which are beyond the control of the Company. There is no representation by Valmie Resources that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Except as may be required by applicable securities laws, Valmie Resources assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
Contact:
Valmie Resources, Inc.
Gerald B. Hammack, President and CEO
713-595-6675
SOURCE: Valmie Resources, Inc.
ReleaseID: 429118
