MNDP Mundus Group Opening Sales Channels in Europe
March 09 2010 - 4:00AM
Marketwired
Mundus Group (PINKSHEETS: MNDP) announced that they are currently
in negotiations with one of their long time clients to open
distribution channels in Europe.
Market research firm Forecast International recently released
"The Market for UAV Reconnaissance Systems," which claims that the
total unmanned air vehicle (UAV) market including air vehicles,
ground control equipment and payloads is expected to be worth $13.6
billion through 2014. More than 9,000 UAVs are expected to be
purchased over the next 10 years by countries in every region of
the world.
Demand for UAVs also has been growing in Europe despite funding
shortages for UAV programs. Most countries will look to fill their
need with existing UAV's as opposed to creating a build program
from scratch. Mundus subsidiary AirStar recognizes this need and is
acting to fill the void as soon as it can.
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Other active stocks are Clearwire Corp (NASDAQ: CLWR) STEC Inc
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