06:41:44 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
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Aether Global Innovations Corp
Symbol AETH
Shares Issued 92,997,461
Close 2023-10-17 C$ 0.035
Market Cap C$ 3,254,911
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Aether signs JV partnership MOU with RufDiamond

2023-10-19 11:28 ET - News Release

Mr. Phil Lancaster reports

AETHER GLOBAL INNOVATIONS CORP. SIGNS STRATEGIC JOINT VENTURE PARTNERSHIP MOU WITH RUFDIAMOND, LTD - A DISTRIBUTOR AND RETROFITTER OF ALL-TERRAIN VEHICLES

Aether Global Innovations Corp. has signed a strategic joint venture partnership memorandum of understanding (MOU) with RufDiamond Ltd., a distributor and retrofitter of all-terrain vehicles and equipment built to withstand the harshest of conditions.

The Aether Global and RufDiamond joint venture will look to identify business opportunities to exploit the development, integration and deployment of an automated drone solution from RufDiamond's retrofitted all-terrain Fat Truck vehicle platforms.

"We believe this is going to be a strong partnership between Aether Global and RufDiamond; expanding on our capabilities in the autonomous drone space through integration with RufDiamond's all-terrain vehicles," shared Phil Lancaster, chief executive officer and president of Aether Global Innovations. "Both companies will explore a myriad of applications directly from RufDiamond's signature all-terrain vehicle the Fat Truck. This vehicle can access areas that are restrictive for many of today's off-road vehicles. Several clients from each company's sales pipeline have expressed an interest in an autonomous drone from an all-terrain vehicle platform, which makes this joint venture very interesting and opportunistic."

"We believe this joint venture with Aether Global makes perfect sense for our business and clients," shared Daryl Adams, CEO and founder of RufDiamond. "Bringing innovative drone management and monitoring solutions onto one of our extreme, all-terrain Fat Truck mobile platforms is exciting. This integrated solution will allow many of our top clients in forestry and wildfire management, mining, energy, emergency response, government, and military to expand their own coverage areas for monitoring vast properties as well as infrastructure assets, like pipelines, waterways, forests and mining sites."

Aether Global and RufDiamond have begun working on the final details of the joint venture partnership around integrating drone automation solutions onto the Fat Truck. Both companies will update the marketplace, clients, partners and shareholders as market impacting achievements are delivered.

In other news, the company announced that it has granted an aggregate of one million incentive stock options to a consultant of the company with an exercise price of five cents per share for a period of five years from the date of grant.

About Aether Global Innovations Corp.

Aether Global Innovations is an innovative unmanned aerial vehicle and drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include (i) drone management and surveillance monitoring; (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source; and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging and takeoff.

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