June 17, 2024: #Ideaforge Technology Ltd First co. to indigenously develop and make DRONE in the country. With about 50% market share in India, co. is now tapping the global opportunity looking to enter Australia, Middle East and Africa.
The main applications of drones manufactured by ideaForge include:
- Defence and Security: ideaForge drones are used by various defense and security agencies, such as the Indian Army, Border Security Force, Defense R&D Organization, and others, for surveillance, reconnaissance, and intelligence gathering.
- Commercial and Industrial Applications: ideaForge drones are used for various commercial and industrial applications, such as:
- Mapping and Surveying: for mapping and surveying sites, measuring materials, and monitoring progress efficiently.
- Equipment Inspection: for inspecting wind turbines, internal components, and other equipment to extend infrastructure lifespan.
- Precision Agriculture: for targeted application of fertilizers and pesticides to increase crop yield.
- Project Monitoring: for monitoring projects and ensuring timely completion.
- Logistics and Urban Air Mobility: ideaForge is expanding into logistical drone development, focusing on carrying payloads of up to 100 kg over distances of 100 km. This technology has potential applications in both commercial and military logistics, as well as urban air mobility solutions.
These applications highlight ideaForge’s commitment to innovation and responsiveness to market needs, showcasing the versatility and potential of their drones in various sectors.
Technically, the stock has just provided a #BreakOut from the relentless post IPO sell-off and subsequent accumulation phase. Immediate target would be around 1100
