Drone Guarder Inc (OTCMKTS:DRNG) Making A Comeback

Today, we will again assess Drone Guarder Inc (OTCMKTS:DRNG), which commercializes a drone enhanced home security system.Very good news came out from the company recently including the development of life saving Drone Guarder Rescue, and new apps for Apple Store and Google.Additionally, the OTC Markets Exchange removed the bad note from the company's profile, which we appreciate very much, as it seems that the company regained the trust of the exchange. Consequently, the market pushed up the share price in August and September. Have a look at it before we provide all the details: 1 month chart for DRNGLet's check again the business model for those who are getting to know the company here for the first time. In the materials received by the market, the business model is explained with the following terms:

"The Company is an early stage security and surveillance company focusing on commercializing a drone enhanced home security system as a turnkey solution. " Source: Last Quarterly Release

Recent DevelopmentsWe will first of all pay heed to the news released recently. If you remember well, on June 14, 2017, the company noted promotional activities concerning DroneGuarder Inc., in this press release:

“The Company has only released 3 official press releases based upon material corporate events at the company. The Company intends to provide disclosure of legitimate and ongoing corporate activity focused on the Company’s business operations. The Company has not, and will not engage in any stock promotional activities” Source

The press release recommended to rely solely on information released by the company and the disclosures made with the Securities and Exchange Commission.Additionally, the OTC Markets Exchange placed the Skull & Bones symbol as a result of these promotional activities. Like we always say, buyers need to be very careful with such type of companies. Until the exchange does not remove the bad note, touching these shares is not a great practice.So, what happened?The good news is that recently the exchange has contacted DRNG and the negative symbol was removed from the company profile. We appreciated the news, as we believe that more people will be now interested in the company's technology. So, the demand for the stock may increase and the share price may do so as well.On August 29, 2017, the company released that the Drone Guarder team had completed the development of its its new App. Additionally, it was mentioned that the new App would be available in September, thus we will need to be alert, as its release could make the share price increase.What's the new App?It is a new component of the Drone Guarder’s security solution that will enable users to control the system by iPhone or iPad. Additionally, the Patrol button on the App was highlighted, have a look at the new functionality:

"The drone autonomously patrols the entire grid of your property using pre-designated GEO Fencing GPS weigh points that stream a real-time video feed back to your phone or tablet via the App." Source

On top of it, the company has the "Go Home" function, which sends the drone to its home wireless charging base. Users will be able to download this functionality and some others in the Apple and Google App Stores at the end of September, as mentioned earlier by us.Furthermore, on September 12, 2017, the market received more good news. The company had completed a new version of the DG operating system. The system functionalities were explained with the following words.

"Our software is Linux based providing strengthened security features for our proprietary image and scanning recognition AI technology imbedded in the processor of the drone. The completed development phase delivers full synergistic functionality between the drone and the app that includes: the self-alerting live video feed from the drone’s camera, day and night vision, dynamic text alert, enhanced stabilization and call home to base functions." Source

Finally, the most significant information, which was provided by Adam Taylor, the CEO, is that the launch date will be in November 2017. Thus, for those readers who appreciate receiving alerts and checking the news, we will need to research the new announcements in November.Financials and ConclusionOn September 19, 2017, the company released its new quarterly report, wherein we could find the new state of the balance sheet. The following are the most significant assets and liabilities:

• Investment in intellectual property: $23,000
• Promissory notes payable: $177,500

What's our take on the company?We believe that the market is assuming that DRNG will grow at a faster pace. Additionally, it is focusing more on software development and new innovations. It makes a lot of sense if we take into account that the company is a start-up.To sum up, we believe that the readers willing to understand what's driving the share price will need to check the next technological innovations announced. Finally, remember that new catalysts are expected for the stock at the end of September and in November!We will be updating our subscribers as soon as we know more. For the latest updates on DRNG, sign up below!Image courtesy of dreamsaredestiny via FlickrDisclosure: We have no position in DRNG and have not been compensated for this article.