Valmie Resources Inc. announced that it has signed a Memorandum of Understanding (MOU) with ALTI UAS to explore establishing a distributorship whereby Valmie will serve as the primary and preferred distributor of all ALTI products in the U.S. This relationship may take the form of a joint venture agreement, distributor agreement or other formal arrangement between the two companies. Under the terms of the MOU, Valmie will meet with ALTI to submit a detailed presentation of the services that will be available to ALTI related to sales, service and support in the U.S. for ALTI products. Following the presentation, Valmie will present ALTI an official plan that will set the terms and conditions for the first stage of the project. In the interim, Valmie has ordered five multi-rotor fixed-wing Transition BASE Systems from ALTI UAS and plans to add the innovative hybrid systems to its existing product line of unmanned aircraft. The five next generation commercial aircraft will have the ability to take off and land vertically, practically anywhere. The VTOL systems will feature an efficient aerodynamic design that boasts one of the deployment times for aircraft of this nature, claiming a case-to-flight time in less than five minutes. Unlike traditional fixed-wing drones, large complex launch and landing hardware is not required. The systems will provide Valmie with broad mission scope and flexibility.