Valmie Resources Inc. (OTCBB: VMRI) has signed a memorandum of understanding (MOU) with ALTI UAS to explore establishing a distributorship whereby Valmie will serve as the primary and preferred distributor of all ALTI products in the US, the company said.
This relationship may take the form of a joint venture agreement, distributor agreement, or other formal arrangement between the two companies.
Under the terms of the MOU, Valmie will meet with ALTI to submit a detailed presentation of the services that will be available to ALTI related to sales, service, and support in the US for ALTI products. Following the presentation, Valmie will present ALTI an official plan that will set forth the terms and conditions for the first stage of the project.
In the interim, Valmie has ordered five multi-rotor fixed-wing Transition BASE Systems from ALTI UAS and plans to add the innovative hybrid systems to its existing product line of unmanned aircraft. The five next generation commercial aircraft will have the ability to take off and land vertically.
The vertical take off and landing (VTOL) systems will feature an efficient aerodynamic design that boasts one of the fastest deployment times for aircraft of this nature, claiming a case-to-flight time in less than five minutes. Unlike traditional fixed-wing drones, large complex launch and landing hardware is not required.
ALTI is an unmanned aircraft systems (UAS) manufacturing and development corporation specializing in producing vehicles with VTOL capability.
Valmie Resources is a US company actively pursuing opportunities for the commercialization of products and services in the technology industry. The company seeks concepts within four key technology sectors: software, hardware, networking, and semiconductors.