Viatek Acquires Technology from Lily Robotics Inc.

September 6, 2017 - Chattanooga, TN – Innovative design and unique products have always been the hallmark of the Viatek Consumer Products Group's brands. The company's reputation for quality and ingenuity makes acquiring the assets of Lily Robotics Inc. a perfect fit.

"We are happy to announce that Viatek Consumer Products Group has acquired over twenty patents - both design and utility patents, copyrights, software, tooling and all technical designs and know-how from Lily Robotics," said Lou Lentine, President of Viatek. "Myself and our engineers have already been to the factory to discuss finalizing the product which everyone preordered from Lily Robotics. We have tested over 70 working units and are pleased to announce the product is functioning very well. I have personally taken a sample to the beach this summer where the drone followed my family surfing, wakeboarding, spearfishing, fishing, jet skiing, and boating. It worked amazingly well following the wrist tracker, landing, and taking off in water. You can't do that with other drones," Lou Lentine added.

"We made a business decision not to buy the Lily Brand. The brand was purchased by Mota Group., who has recently launched their drone, without the patents and technology. We preferred to focus our efforts on the technology, where we outbid the Mota Group and GoPro company," said Angelo Ramsbott, VP of International Sales. "We know the technology was sought out by many in the industry, and we are glad that LR Holding, our associated holding company, has been able to acquire these assets," said Angelo. "The success of Lily was not about the name, it was about the technology and that is what we own."

"We have already spoken to major retailers around the globe with much excitement. We are dedicated to ensuring that we bring the highest quality drone to market." said Christopher Baumunk, Executive Director of Sales & Marketing. "We can't wait to get this amazing technology in the hands of everyone!"

The new drone will be manufactured and marketed exclusively by Viatek with the features everyone wants including, simple to fly with no controller required; ability to land and take off from the water; similar sleek and sturdy design; amazing high quality photos; great flight time of over 20 minutes; audio recording from wrist tracking device; and some new technology as well.

"We are offering a contest for our new drone on our website," added Christopher Baumunk, Executive Director of Sales & Marketing. "We will be giving away a free patented drone to the person who names the product formerly known as Lily by Lily Robotics brand. Submit your names at www.namethedrone.com Remember, you loved Lily Robotics for the technology, now lets give it a name we all love."

About Viatek Consumer Products Group Inc: Viatek is a world leader of product design, development and distribution of products in over 60 countries. Millions of customer have grown fond of the exciting brands of Viatek, which are distributed to major retailers throughout the world.

Viatek Consumer Products Group and affiliate companies have been developing products since 1992. All Viatek products are available online at www.viatek.com and select retailers worldwide.

For further information contact press@viatek.com