The InstantEye team achieved a significant milestone on February 1, 2016, when PSI was awarded its first acquisition contract for the InstantEye Mk-2 GEN3 sUAS under a US Military Program of Record (PoR). The production team ramped up and produced 48 systems (96 vehicles) for delivery by March 1st, the largest single shipment to date. During production, the customer exercised an option for an additional 90 systems (180 vehicles). The first 48 systems for that order were shipped on March 24th, and the remaining 42 systems will be shipped the last week of April.
These 138 systems represent the first phase in the PoR. When all options are exercised, the total number of systems that could be delivered under the PoR will total 896 over a 5-year period.
In addition to the revenues generated under the PoR, the visibility that this program gives us in other branches of the military is opening the door to additional acquisition program opportunities. The system is currently fielded in ongoing military operations around the world -feedback from these customers has led to the development of the latest product in the InstantEye family, the GEN4, which enhances the GEN3's capabilities and performance. For the GEN4, PSI has teamed with Harris Corporation to significantly enhance the quality and security of the video data product by integrating Harris' Embeddable Modular Radio (EMR) into the aircraft. The GEN4 is currently undergoing operational evaluation with the military, and we expect a PoR for this product in the next 12 to 24 months. These operational evaluations are being supported by the Rapid Equipping Force (REF). Thus far, the REF has purchased 16 InstantEye Mk-2 GEN4 kits, and there are an additional 54 in the contracting process.
Visit www.psitactical.com for updates on InstantEye's news.
Illinois Fire Department Identifies Application for PSI's InstantEye®
Amboy, IL Fire Dept. drone expected to make difference in emergencies
AMBOY, Ill. (KWQC) - First responders in Lee County are now able to get a bird's eye view. That is thanks to a grant the Amboy Fire Department went after and received, allowing it to buy one of PSI's InstantEye drones. While crews have not had to use it yet, they have been practicing, preparing for any and every emergency.
By Elizabeth Goodsitt Published: March 18, 2016, 10:42 pm
Read the full article and watch the video:
Amboy Fire Dept. drone expected to make difference in emergencies
Q-Peak, Inc. Launches New Website
PSI's wholly owned subsidiary, Q-Peak, Inc. has launched a new and updated website highlighting their laser contract research and development services in a wide diversity of technical areas to both government and commercial customers. Their interests span basic research to technology development leading to fieldable laser systems.
Please visit Q-Peak's new website at www.qpeak.com
PSI recently received the following research contracts:
"High Speed VNIR/SWIR Hyperspectral Imager" from the Department of Energy
"Multimodal Optical Imager for Inner Ear Hearing Loss Diagnosis" in collaboration with Massachusetts Eye and Ear Infirmary
"Monitoring Fugitive Methane Emissions Utilizing Advanced sUAS Technology Under Development Through ARPA-E Grant" in collaboration with Heath Consultants
For more PSI contract news, visit www.psicorp.com/news.
Editor Donna Lamb
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