See feature article below: New FAA Rules For Commercial Drones
Broad Street Alerts recent profiles and track record, 642% in verifiable potential gains for our members on 3 recent small cap alerts alone!
May 9th, 2016-(NYSE-MKT: MGT) opened at .64/share and hit over $4.15/share within 8 days for potential gains of 548% for our members.
May 23rd, 2016 (NYSE-MKT: XXII) opened at $.78/share and hit $.94/share within 2 days for potential gains of 20% for our members.
May 26th, 2016 (NASDAQ: CETX) opened at $2.00/share and hit $3.50/share within 10 days for potential gains of 74% for our members.
***Get our small cap profiles, special situation and watch alerts in real time. We are now offering our VIP SMS/text alert service for free, simply text the word “Alerts” to the phone number 25827 from your cell phone.
Report For: New FAA Rules For Commercial Drones
When it comes to drones, there are the well-wishers: “What an advance in farming, search and rescue, construction, engineering, forestry, firefighting, law enforcement, filmmaking and photography!” And there are the naysayers: “I don’t want eyes in the sky invading my privacy, churning up a deafening racket and crashing into crowds!”
Today, after years of trying to reconcile these two viewpoints and wading through thousands of proposals, drafts and public comments, the FAA has finally issued its rules for commercial drones. (These rules cover drones flown for payment; the FAA already has guidelines for amateur, just-for-fun drones.)
The new rules for commercial drones, which go into effect in late August, are far more relaxed than many drone fans had feared. For example, the final rules abandon the requirement that you have to have a pilot’s license — for airplanes — to fly a drone. Now you just need a drone pilot’s certificate, which is far faster and cheaper to get.
(The FAA doesn’t call them drones — it prefers the poetic term “small unmanned aircraft system,” or sUAS — but they’re not fooling anybody. We’re talking about drones.)
The New FAA Rules for Flying a Commercial Drone
The pilot. You must be over 16 and speak English. You have to pass a knowledge test at an FAA-approved test center, which are listed here. (If you already have a pilot’s license — a “part 61 certificate” — you can take this test online.) You also have to get a drone operator certificate (a “remote pilot certificate” that never expires) or be supervised by someone who has one. You have to take a flight-knowledge test every two years.
The drone. You have to register the drone with the FAA, which costs $5. The drone must have “aircraft markings” (an ID number that can be traced back to you, the owner) and weigh less than 55 pounds. There must be at least one pilot for every drone.
The site. You can’t fly the drone while you’re under a roof (of a building or a parked car, for example). You also can’t be in a moving vehicle if you’re in a populated area. You have to keep the drone within your sight at all times, or at least within the sight of an observer who’s in communication with you.
The flight. Before you fly, you have to inspect the drone to make sure it’s safe. You can’t fly at night unless the drone’s lights are visible for three miles. Once you take off, you have to keep the drone below 400 feet, unless you’re within 400 feet of “a structure.” (That loophole lets drones inspect towers and buildings.) You can’t fly the drone over people (except your own team), you have to avoid other flying craft, and you can’t exceed 100 miles an hour.
(For amateur drones, the FAA doesn’t issue rules — they’re called only “safety guidelines” — but they’re similar. If your drone weighs between 0.55 pounds and 55 pounds, you have to register the drone with the FAA. You have to keep the drone below 400 feet, you can’t fly over people or cars, you have to keep the drone at least 25 feet away from people, you have to keep it within your sight, you have to avoid other flying craft, you can’t capture images where there’s “a reasonable expectation ofprivacy,” you can’t fly over infrastructure like power stations and prisons, and you can’t fly within five miles of an airport without permission.)
The Impact of the New Rules
The new commercial guidelines are a big, big deal, and hundreds of thousands of companies are breathing a sigh of relief. Compared with the previous, temporary rules (called Section 333), the new ones (called Part 107) are much less restrictive.
No longer do you need a pilot’s license to fly a drone. You don’t need a medical certificate anymore. The requirement to stay at least 500 feet away from any building is gone.
You could apply for an exemption for those Section 333 rules, and tens of thousands of companies did — but there was a huge backlog. By this month, the FAA had approved only 5,000 of them. Clearly, a new set of broader rules was necessary, and today we have them.
In general, the final FAA rules are a huge win for drone fans and the drone industry. “According to industry estimates, the rule could generate more than $82 billion for the US economy and create more than 100,000 new jobs over the next 10 years,” says the FAA’s press release.
“Right now, under the FAA 333 scheme, if you’re a small-town fire department, and you want to use a drone to search for a missing kid, you have to go file a Section 333 Exemption and get somebody who’s a licensed pilot,”says Adam Lisberg, a spokesman for DJI. (DJI is the world’s biggest drone maker). “That’s a silly and outmoded regulation. A lot of people feared that it would stay that way.”
The new FAA rules, he says, are fair. “Lots of people will be going back and forth on ‘why wasn’t this changed,’ and the discussions will be ongoing. But this is a great step forward, and it shows that the FAA really is listening to the voices of lots of stakeholders.”
Not everyone will be delighted, of course. The line-of-sightrequirement stomps squarely on the plans of Amazon, Google and Walmart to launch their delivery-by-drone programs. The FAA says it needs more time to study these automated systems. For the moment, then, Amazon Prime Air is still grounded.
The line-of-sight requirement also prevents oil companies from sending drones out to inspect remote oil pipelines. The daytime-only rule means that firefighters and filmmakers can’t use drones after sunset. The “no flying over people” rule means no overhead shots of sports games or concerts.
All of these companies are, however, welcome to ask the FAA for exemptions. (“Most of the restrictions discussed above are waivable,” says the FAA document.) And the companies will most certainly begin asking for thosewaivers by the end of the day, if not the end of this sentence.
No such recourse is available to the other people who dread the new era of commercial drones: helicopter pilots, scaffolding unions, and the makers of very tall ladders.
Source – David Pogue
Broadstreetalerts.com is a wholly owned subsidiary of Small Cap Specialists LLC, herein referred to as SCS LLC.
Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.
PLEASE NOTE WELL: SCS LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold SCS LLC, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. SCS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SCS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead SCS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. SCS LLC is compliant with the Can Spam Act of 2003. SCS LLC does not offer such advice or analysis, and SCS LLC further urges you to consult your own independent tax, business, financial and investment advisors. SCS LLC has been compensated twenty thousand dollars cash via bank wire by star media llc for a two day investor relations campaign of STEM. SCS LLC does not hold any positions in STEM. SCS LLC has previously been compensated twenty thousand dollars cash via bank wire by DF Media for the mention of MGT. We do not hold any positions in MGT. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled. We have not been compensated nor do we own positions in the company/companies that are in the featured article.
The Private Securities Litigation Reform Act of 1995 provides investors a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions & quote; “may”, “could”, or “might” occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, SCS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, SCS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. SCS LLC is not responsible for any claims made by the companies advertised herein, nor is SCS LLC responsible for any other promotional firm, its program or its structure.
Please Note: We do NOT accept free trading or restricted securities as payment for our services.
SCS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA. SCS LLC is not a Broker/Dealer and does not engage in high frequency trading.
Hot small cap stocks
small cap stock picks
FDA approval stocks
Become a day trader
Day trade stocks for a living
PDUFA date set
micro cap stocks
Best stocks 2016
Hottest small cap stocks
Best stock picks
Who to follow for stock picks
Apple news stock picks
Stock picks on apple news