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Technology Stocks : Game Changers and Market Movers

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From: Paul H. Christiansen	11/20/2014 10:02:58 AM
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Commercial Drones Set to Soar as Investors Climb Aboard Starting in the late 1980s, the Pentagon launched a top-secret constellation of two-dozen navigation satellites designed to guide U.S. nuclear missiles precisely to their targets. Then the Cold War ended, the technology shed the uniform, and put on civilian clothes. We know it as the Global Positioning System (GPS), and millions of drivers, hikers and bikers use it daily to find their bearings and map their workout routines. Today, a similar transformation is taking place in the “drone” space. To be sure, military and intelligence agencies keep investing in unmanned aerial vehicles (UAVs), but a swarm of startups are already busy developing civilian applications for drones ranging from agriculture surveillance to mining and search-and-rescue, not to mention Amazon’s plans for delivering packages. “There are already over 600 companies in this field,” says Jonathan Downey, founder and CEO of Airware. “But there are still few standardized building blocks. For the industry to take off, you need more than just an autopilot.” To read the entire article select . . . Commercial Drones Set to Soar as Investors Climb Aboard

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