BOISE, Idaho, Feb. 23, 2016 /PRNewswire/ -- PCS Edventures!.com, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) programs, today announced its first sale from its Thrust-UAV business unit. Thrust-UAV was recently acquired by PCSV and develops products and technology targeting fast-growing FPV drone racing. This sale is for the development and production of a drone-related technology product for Drones ETC, a Salt Lake City based drone distribution company.
The 12-month contract was executed on February 22nd and involves the R&D and production of hardware as well as the creation of a supporting IOS/Android app with widespread application to the drone market. The contract commits to the purchase of a minimum quantity over the 12-month contract for $825,000. If volume projections are higher than anticipated by the client, this number could increase. Sales for the product are expected to continue after the 12-month period with additional purchases by the client.
Joe Egusquiza, Business Manager for the Thrust-UAV business unit said "We are pleased to announce the first revenue generating project for the business unit and see this as a great kick-off for Thrust-UAV sales. We hope this is the beginning of a great, long-term relationship with Drones ETC."
EJ Duarte, Director of Thrust R&D within PCS Edventures, stated "This first contract focuses on a technology that we are excited to monetize for the business unit, and my team is already well into the design stage of the product."
For the extended version of this press release follow this link: http://pcsv.global/pcsv-announces-825k-drone-sale
About PCS Edventures!
PCS Edventures!.com, Inc. (OTCQB: PCSV) is a Boise, Idaho company that designs and delivers technology-rich products and services for the K-12 market that develop 21st century skills. PCS programs emphasize experiential learning in Science, Technology, Engineering, Arts, and Math (STEAM) and have been deployed at over 7,000 sites in all 50 United States and 17 foreign countries. Additional information on our STEAM products is available at http://www.edventures.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, actual results could differ materially from such statements.
Contact
Investor Contact: Robert Grover 1.800.429.3110, robert@edventures.com
Investor Relations Web Site: pcsv.global
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SOURCE PCS Edventures!.com, Inc.
