Bantec Acquires USPTO Patent for Drone Operated Package Delivery Receptacle

LITTLE FALLS, NJ, May 18, 2021 — (PRNewswire) —  Bantec, Inc. (OTCPINK: BANT) ("Bantec" or the "Company"), is pleased to announce the acquisition of a drone operated delivery receptacle utility patent (issued by the USPTO) for package delivery.

Michael Bannon, Bantec's Chairman and CEO stated: "when I first entered into the drone business, and acquired my FAA drone pilot license, I kept my eye on the drone delivery market.  While the more general drone industry itself has grown rapidly, the delivery segment lagged behind. During these 'growing pains' we have strategically positioned Bantec to take advantage of the drone delivery market move from niche to mainstream.  We are at the cusp of this drone delivery market shift and see this USPTO patent acquisition as another major step for Bantec to become a major player in the upcoming drone package delivery market.  Our patented technology will ensure safe and secure drone package delivery to businesses and residential homes throughout the United States and possibly throughout the world. "

The Delivery Drones Market reached the USD 2 billion mark in 2020 and is projected to reach USD 5.6 billion by 2026 according to a Mordor Intelligence report. The shift to contactless delivery due to COVID-19 has significantly sped up the delivery drone market movement.

"The present invention provides a delivery receptacle adapted to communicate with a drone and receive a package therefrom."

Below I have inserted a link to our Patent details on the USPTO.GOV site".

Patent Documents

About Bantec 

Bantec, Inc., a product and services company, through its subsidiaries and divisions, sells to facility managers, engineers, maintenance managers, purchasing managers and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments, and the US government. We intend to grow different business lines, including using the franchise model, that support the customers described above. 

Forward-Looking Statements
Certain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses, or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: "plans, "anticipates," "expects," "believes" or similar words. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.

Michael Bannon
Chairman & CEO
Email Contact
(203) 410-8924

Cision View original content:

SOURCE Bantek Inc.

Company Name: Bantek Inc.
Financial data for Bantek Inc.

Review Article Be the first to review this article
Featured Video
GIS Sales and Business Development for Duncan-Parnell Inc. at Ashland, Virginia
GIS Analyst for County of Bernalillo at Albuquerque, NM, New Mexico
GPS and Mobile GIS Sales Development for Duncan-Parnell Inc. at Charlotte, North Carolina
Geospatial Mapping Training and Support Specialist for Duncan-Parnell Inc. at Morrisville, North Carolina
Engineer III - Hydraulics for State of Nebraska at Lincoln, California
GIS Manager for City of Vancouver at Vancouver, Washington
Upcoming Events
911 Live 2021- at United States - Jun 29, 2021
GI_Forum 2021 | re.connecting spatially at Salzburg Austria - Jul 5 - 9, 2021
InterDrone 2021 --- Cancelled at Hyatt Regency Dallas TX - Aug 10 - 12, 2021
URISA GIS Leadership Academy at 701 Lee St #960 Des Plaines IL - Aug 16 - 20, 2021

© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise