DOD issues CAGE approval for WavDrone

Universal Power Industry Corporation (OTC: UPIN) subsidiary WavDrone, Ltd. has announced that it has obtained commercial and government entity (CAGE) code approval, the company said.

The CAGE code is a requirement of the United States Department of Defense (DOD) for bidding, supply contracts, project submissions and award management with the US Air Force. WavDrone´s technology falls within the scope of interest by the US Air Force and that will be the company´s focus at this time.

Universal Power Industry Corporation (UPIN) is a diversified holding company that owns, invests and or manages select businesses, and on special opportunities will provide financing solutions to companies at various developmental stages.