Good news for Oasys because it has some more money.
But it also looks like the company needed the money to carry on developing its products. And board-member Joe Costello and some other prominent users of the technology wanted to keep the technology going and so put up the cash.
Drones are, in essence, flying autonomous vehicles. Pros and cons surrounding drones today might well foreshadow the debate over the development of self-driving cars. In the context of a strongly regulated aviation industry, "self-flying" drones pose a fresh challenge. How safe is it to fly drones in different environments? Should drones be required for visual line of sight – as are piloted airplanes? Join EE Times' Junko Yoshida as she moderates a panel of drone experts.