Pulse Aerospace released is latest product, the PA-01 Vapor helicopter unmanned aircraft system at the PIPELINE Innovator of the Year Event in Overland Park, Kansas on January 26, 2012.
Bill Donovan, President of Pulse Aerospace, was selected into the 2011 group of high-growth oriented innovators to take part in the PIPELINE entrepreneurial fellowship culminating in venture capital presentations to judges including Thomas B. Pickens III of Astrotech; Lars Perkins, founder of Picasa; and Suren Dutia, Kauffman Foundation Fellow. “It was really great to put our company through this process.” said Bill Donovan. “There are a lot of business incubators out there for new ideas, but PIPELINE is more focused on helping existing companies that are poised for strong growth, and the timing worked out well for us to release our new product, the Vapor, at the event.”
During his presentation, Donovan emphasised that a new commercial market is emerging, which they hope to capitalize on with the Vapor. “To integrate UAS into the commercial market you have to do three things: You have to make them easier to operate, more affordable, and more reliable. We designed the Vapor with these goals in mind,” said Donovan.
“The first systems that will fly commercially in the US will be small vehicles operated close to the user,” said Lance Holly, Vice President of Pulse Aerospace. “Vertical Takeoff or Landing (VTOL) systems offer the easiest operation, and it has long been understood that helicopters provide the best endurance and payload capacity in the VTOL space.”
Source: Press Release