Envirotech Vehicles enters consulting agreement with drone manufacturer

Envirotech Vehicles (EVTV) announced that through its subsidiary, AG Drones, it has entered into a Consulting and Manufacturing Agreement with a U.S. drone manufacturer for the manufacture of a U.S.-made heavy lift drone and that, following delivery of the drone and its associated intellectual property, Envirotech plans to open its previously announced drone manufacturing facility in the United States.The Consulting and Manufacturing Agreement provides for the design and build of a heavy lift U.S.-made electric unmanned aerial system for AG Drones in accordance with AG Drones’ detailed specifications. Upon delivering the drone to AG Drones, the design-manufacturer will also transfer all accompanying intellectual property to AG Drones in connection with which Envirotech intends to open its U.S. drone manufacturing facility. The delivery of the heavy lift agricultural drone to AG Drones is part of Envirotech’s recently announced plan of creating an electric drone division. The initial heavy lift drone is purpose-built for the agricultural market, with advanced spraying and mapping functionality. U.S. made, with no reliance on Chinese parts, AG Drones will be National Defense Authorization Act compliant.