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Valmie Resources Inc (OTCBB:VMRI), which develops software for advanced unmanned aerial vehicle (UAV), shed points after it shared its China dreams. The company released a press note last week expressing its intention of exploring the sources for bulk production opportunities of its V-1 Drone in China. The company announced its intention ahead of its trip to Zhuhai, a Guangdong province in China.

V-1 Drone mass production

During the trip to China, Valmie Resources Inc (OTCBB:VMRI) aims to find an association for its unmanned aerial vehicle (UAV) technology. The move came up for the first time amid the set of meetings that the company undertook in China. Furthermore, it is noteworthy that the company is already carrying out the process of exploring acquisition targets, identifying production source for its V-1 Drone and scouting for strategic partnerships.

The company’s President and CEO, Gerald B. Hammack said that the company is transitioning from prototype production of V-1 Drone to bulk production, and is reviewing multiple options to aid its manufacturing process so as to ensure a wider global market success. In this direction, the company is thoroughly factoring in both the U.S. based and overseas producers, which have experience in transitioning the production from prototype level to mass production. Also, high-quality production, as well as project assembling with a special focus on international orientation, is other factors that the company will focus on selecting a producer.

China’s increasing dominance

While evaluating prospective producers, Valmie Resources Inc (OTCBB:VMRI) will lay emphasis on the turnkey abilities of those companies in the field of custom engineering, design optimization, rapid prototyping, injection molding, spin welding, testing, mass assembly, 5-axis CNC trimming, packaging and shipping. The company’s interest in China grew as the latter is fast becoming a global leader in UAV production.

The stock of Valmie Resources Inc (OTCBB:VMRI) was down by 5.70% to $0.43 during the last trading session, and a total of 212,481 shares changed hands.

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Steve Kanaval
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.