Their vision is “Flight Made Easy”, to build and distribute the safest, most reliable and efficient autonomous, electric vertical take-off and landing (eVTOL) vehicles for the world market.
ASTRO’s mission is to create and distribute eVTOL aircraft that are safe, accessible, affordable and user-friendly.
Their solution is to commercialize our technology and sell it to the government and private sectors, so that it can be used for military operations, search and rescue, commercial deliveries, sight-seeing, personal flight, and more.
Currently, they have a working prototype that features a carbon fiber shell, and 16 independent rotors to enable flight. In the cockpit is a touch control system, allowing pilots to fly manually or switch to autonomous mode. Though there's no confirmed release date as of yet, ASTRO foresees the vehicle to be used across a variety of industries - from personal, to agricultural to military uses and many in between.
Right now the ASDN has 5 potential driver indicators that could provide this profile with a breakout spark. They are...
#1. ASDN Potential Driver Indicator - Horizon Aircraft Acquisition News
Astro Aerospace Announces the Acquisition of Horizon Aircraft to Propel Itself as a Leader in the eVTOL market
Dallas, Texas--(Newsfile Corp. - February 18, 2021) - Astro Aerospace (OTCQB: ASDND) ("Company" or "Astro"), a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, announced today that it has entered a binding agreement to acquire Horizon Aircraft Inc. ("Horizon"), creator of the world's first eVTOL that flies exactly like a conventional aircraft for the majority of its mission. The transaction is expected to close on or before the beginning of 2nd Quarter pending customary closing conditions.
Astro, a pioneer in the eVTOL market, has developed one of the market's safest and most efficient eVTOLs in the world. In 2018, the Company's drone, 'Elroy', was one of the first to seamlessly fly with humans on board. Astro continually defies traditional aviation design, and the acquisition of Horizon will only push the Company further, with the ability to reach greater heights working in tandem with Horizon's exceptional team.
Horizon, a Canadian company trailblazing in the global aerospace industry, has developed the prototype Cavorite X5, an eVTOL travelling up to an estimated speed of 450 km/h with a 500 kilometer range and a five passenger capacity. The vehicle has been designed to have reduced hydrocarbon emissions, and built for operational realities including bad weather, traffic avoidance, and low-time pilots. Its patented fan-in-wing patent enables the Cavorite to be the world's first eVTOL that can fly the majority of its mission exactly like a normal aircraft.
Horizon co-founders Brandon and Brian Robinson are aerospace revolutionaries applying their excellence in Mechanical Engineering to change the way we approach travel. Son Brandon Robinson, Horizon's Chief Executive Officer, is a Mechanical Engineer, a CF-18 Fighter Pilot Top Gun graduate, and holds an MBA with more than $400Mn in projects overseen. Brandon has a strong drive to think and 'create-outside-the-box,' a skill passed down by his father. Brian, Horizon's Chief Technology Officer, is also a Mechanical Engineer, beginning his innovation journey long before Horizon's existence. Building aircraft from the age of 14, Brian's previous aerospace engineering company saw much success as it developed numerous first-of-its-kind innovations. This eventually led to designing a revolutionary new eVTOL prototype, long before the market took off.
Today, the Robinson duo is steering Horizon's team through this pivotal transaction with Astro, whose well-established reputation, growth trajectory and pool of dedicated investors in the public market presents a transformational opportunity. Brandon commented, "My father and I have long admired the unprecedented advances Astro has achieved in the aerospace sector. Astro is a pioneer in the industry, and its work has remained incredibly relevant amongst the rise of eVTOL popularity. Horizon could not be happier to join forces with such an influential company who will contribute its high-calibre expertise to bring our design to market."
"The acquisition of Horizon will allow the visions of both Horizon and Astro to align, creating a powerful force in the eVTOL market," said Astro CEO Bruce Bent. "Astro shareholders can soon anticipate exponential growth as we enter this next chapter as an even greater player in the aerospace industry."
Read the full article here.
#2. ASDN Potential Driver Indicator - Bullish Technical Indicators
As of 11:00AM EST Tuesday, ASDN was displaying a multitude of triggered technical indicators on Barchart. Check these out:
Short Term Indicators
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day Moving Average
Barchart is also reporting its composite "TrendSpotter" indicator to be triggered as a "BUY."
Additionally, the website recognizes ASDN with an "88% BUY" designation overall.
#3. ASDN Potential Driver Indicator - Strengthening Chart / Trading From Potential Support
Check out ASDN's 6-month chart: