Resilient Energy, Inc.’s intended acquisition marks the start of its strategy targeting firms in the Energy and Tech sectors. With the Drone market projected at USD 35.28 billion in 2024, growing at 13.9% CAGR, it highlights the company’s commitment to robust revenue growth, expanded margins, and strong cash flow generation.
HOUSTON, Feb. 22, 2024 /PRNewswire/ — Resilient Energy, Inc. (OTC Markets: RENI) (“RENI” or “the Company”) announces the signing of a Letter of Intent (LOI) to acquire 100% of Challenger Aerospace & Defense Inc. (“CAS”) and two operating subsidiaries, including over $3 million in current purchase orders, intellectual property and an impressive portfolio of existing and prototyped products. The acquisition is expected to be completed in the upcoming weeks. The Company will release a formal statement and the required regulatory filings on a Form 8-K.
RENI will acquire 100% of the main holding company, Challenger Aerospace Systems (“CAS”), and all of its assets. CAS main business is manufacturing and developing technology for the UAV/Drone market, making it one of the leading creators in the rapidly developing field of unmanned aerial, sea and land vehicles. It designs subsystems, develops platforms, manufactures airframes, and offers operator training programs. Challenger Aerospace Systems …
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