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Holding Company
upinholdings.com

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About Universal Power Industry

Universal Power Industry (OTC: UPIN) is a holding company that develops, invests and acquires assets within certain retail, wholesale and technology sectors.

Universal Power Industry Headquarter Location

3 Grace Avenue Suite 109

Great Neck, New York, 11021,

United States

800-837-5641

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Latest Universal Power Industry News

Universal Power Industry ‘WavDrone’ begins flight testing

Nov 22, 2019

WavDrone, a wholly owned subsidiary of Universal Power Industry Corp, has announced that it will begin comprehensive flight testing of its carbon-nanotube drones and drone intercept technologies. This will take place at Griffis International Airport,formerly Griffiss Air Force Base in Rome, N.Y. It is one of just sevenFAA-designated UAV test sites in the United States and is responsible to theFAA and NASA to supervise operations for UAS testing. The facility is part of New York’s 50-mile UAS corridorbetween Syracuse and Rome, N.Y. facilitating BVLOS testing, thus enabling thesafe integration of UAS testing in U.S. airspace. Story continues below Advertisement The firm says that although its WavDrone test staff are FAAlicensed, testing the advanced technologies in Palo Alto, California wouldcreate an extra burden due to safety concerns of certain altitudes, distancesand busy airspaces and would not otherwise comply with existing federalregulations. Griffiss Airport, a former Air Force base, is located withinclass D airspace and has a unique charter from both State and Federalauthorities which allows it to perform the full range of tests required to meetthe specifications of the commercial and military markets. The facility also certifies equipment to meet the NationalUAS Standardized Testing and Rating verification of conformity with governmentstandards. Tony Chiu, president of the Universal Power IndustryCorporation, said: “We are very excited to begin testing, as this is the finalstep before submitting our first of three projects to the U.S. Air Force forreview and consideration.”

Universal Power Industry Acquisitions

1 Acquisition

Universal Power Industry acquired 1 company. Their latest acquisition was WavDrone on September 26, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/26/2019

Acquired

1

Date

9/26/2019

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

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