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Green Energy Creates More Demand for Silver

Traders and Investors start out by figuring out the supply and demand of a product, early on. Silver and gold are especially sensitive topics. Factors that contribute to value over time include increasing value and the available supply. The demand for silver in the industrial sector is rising due to the new technology surrounding solar power and photovoltaic (PV) efforts.

Silver production remains lower than the demand and has for quite some time. This is a situation understood clearly by those intending to purchase. Silver was produced more than need be up to WWII. Silver was used for war necessities, but there remained a surplus of 10 billion ounces, despite the rising need.




The global supply of silver is now decreasing, however. The reduction rate as of 2010 is less than 1 billion ounces. This decline has joined the tripling of world population to numbers upwards of 7.5 million. The entrance of digital technology reduced the need for silver in photography based production. Otherwise, we might have seen a much larger decline in the existing supply.

READ ALSO: Do Hydrogen Fuel Cell Cars Have a Future Next to Plug-in Cars?

The new green technology, however, has upped the demand for silver, once again. The solutions this technology offers, however, is very eco-sensitive, such as photovoltaics. Photovoltaics is a chemical process that turns sunlight into electricity. This concept makes solar panels successful. Silver, however, is an important part of the construction of these mechanisms.

Twenty grams of silver is necessary for each solar panel. This equals 2/3 of an ounce. To understand this better, consider that cell phones and laptops only use 200 milligrams. Consumption of silver is now steadily increasing. The year 2011 brought the need for 60 million ounces just for PV necessities. Now that solar panels are becoming more affordable for consumers; the silver demand is growing, according to the Solar Energy Industries Association.

Photovoltaic technology is opening the doors to different types of applications regarding technology. The resulting decrease production costs are the motivating factor. Solar panels are just the beginning.

A conference in March of 2016 brought a statement by the director of the Energy Department’s National Renewable Energy Laboratory (NREL). It was stated that “PV is on a pathway to low cost…When you add PV to inexpensive storage or another means of introducing flexibility into the grid, PV can be attractive as a primary energy source.”

The silver market seems to have not yet caught up with the rising demand. It is thought that some production plans may need to be brought into play at some point in the near future.




How Long Can Nuclear Reactors Last?

Climate discussions in Paris have changed drastically into hidden talks of international agreements. All of this is aimed at capping the amount of greenhouse gas emissions. Nuclear power is a necessary consideration and is acknowledged by all of those involved.

To decrease global warming to 2 Celsius, there is a nuclear capacity that must be met by the year 2050. The International Energy Agency states that there must be a doubling of usage. The 2 degree Celsius mark has been set by the U.N.’s Intergovernmental Panel on Climate Change. The goal is meant to keep catastrophic events from happening. Sixty-six nuclear reactors are in the construction phase as of 2015. This number excels past any previous amount of the past 25 years. The number of civilian reactors in use worldwide is 437, says the World Nuclear Association.




The United States, however, seems to be moving backward considering this endeavor. Many plants in the U.S. have been closed, and many others have been told they will also be. A minimum of 3 reactors is planning for shutdown throughout the next five years. The reason for this may be due to their age. The U.S. reactors average at around 35 years old. This is close to the expiration of many operating licenses. Between the present and the year 2025 about one dozen plants are meant to be shutdown. The megawatt capacity of these, combined, is 12,189 megawatts.

If these plants cease to operate an extra 67.3 million tons of Carbon Dioxide will enter the atmosphere each year. The power they supply will have to be replaced with fossil-fuel methods, resulting in the increased emissions. The James A. FitzPatrick plant that resides on the shore of Lake Ontario is included in this list. Its closure date is early in the year 2017.

There is some hope of keeping these plants open, however. The Nuclear Regulatory Commission often grants new licenses to older plants that have surpassed their original license time. The new licenses are often permits given for 20 years, but some are up to 80 years. Eighty plants have already been renewed, and many others will be considered in the following decade.

The concern about allowing these plants to continue past their original planned time has to do with the possibilities of damage and operating failures. These can cause some dangerous and severe consequences. Groups aimed at protecting the environment have been fighting against a renewal for the Davis-Besse Station in Ohio. This station is run by the company, First Energy. There are many cracks in the containment building exterior side. Pat Marida represented the Ohio Sierra Club’s Nuclear-Free committee and stated to reporters that First Energy “should retire Davis-Besse as planned, on Earth Day, 2017, rather than continuing to play radioactive Russian roulette on the Lake Erie shore for 20 more years.”

The commissioners ignored the recommendations from technical staff about the relicensing procedures. It was stated that increased concerns about the time gap from 60 to 80 years of license renewal should be taken seriously and changed. The current guidelines are allowing a second renewal application at the same time, limiting the chances that damage to the plants will keep them from operating in a bad condition, at some point. This can increase the danger to the public and environment.

There is continuous wear that takes place over the years in operation at a nuclear plant. The reactor vessel is prone to embrittlement resulting from the bombardment of neutrons over the vast amount of years. It is unknown what damage will occur 7 or 8 decades into a production cycle. The Generic Aging Lessons Learned Report will be available at the end of the year, published by the NRC. This will address these issues.

READ ALSO: Nuclear Power – is it to be the ‘Next Big Thing’?

The NRC has submitted approval after consideration in many instances. They usually go at these complications with a “not yet” approach. A consistent “no” has never been established. The NRC, however, does like to consider the possibilities of these renewals. Once such turn of events involved the Beaver Valley Plant in Pennsylvania. The NRC first rejected the renewal, then later approved it.

The belief is that 80 years is a realistic operational time frame for nuclear reactors. The concern is growing, however, around the unknown complications. Since these plants were built in the 1970’s and 1980’s, this is the first time that any of them have reached this age. We simply do not know exactly how they will hold up. The economic pitfalls are also one of the major determining factors, as well. Natural gas has allowed for less expensive energy options, and electricity is not in as high demand. Older nuclear plants are, often, not the most economical choice for utility companies in today’s market. The cost of keeping these plants running may not be cost-effective.




Entergy has made the choice to close the FitzPatrick plant due to the loss of money rather than technical complications. The year 2016 is predicted by a UBS Securities analyst to lose about $40 million. Entergy is facing the same problem with two more of its plants based in New England. These are also scheduled to be shut down.

The closure of these plants, however, will make it impossible to meet the EPA’s Clean Power Plan requirements. The power must be replaced somehow, and it will be replaced with more environmentally damaging products. The Paris talks are likely to enforce even more requirements to meet the global warming goals. Jacopo Buongiorno, director of the Center for Advanced Nuclear Energy Systems at MIT states, “If these plants shut down, our emissions reduction targets are going to go down the toilet.”

Story Via; MIT

NASA Set to Send Google’s Android Terminator Robot to Mars

There is a lot of talks centered around Mars at the moment in the world of astronomy.  Much of this is down to the various Mars projects that are currently underway, looking to create new colonies of humans on Mars.  But, what many of the organizations planning these missions haven’t yet done is to send a robot in first, like Google’s Android Terminator robot, to scope out the planet to ensure the maximum safety for our soon to be space travelers




Why is this you may ask?  Well, so far NASA have refused to use robots as part of the mission to Mars as they have not been able to accomplish certain tasks on Earth, but is this a risk they can afford to take?  Experts such as the likes of Buzz Aldrin are saying it would be a complete suicide mission not first to explore the ‘red planet’ by robots before risking human lives.

READ ALSO: Artificial Intelligent Art May Soon be on the Cards for Google

With the use of Google’s Android Terminator robot, we would be able to examine the territory, conduct the necessary experiments, and transmit the information back down to the scientists to interpret and design the safest mission possible.  Is that too much to ask? 

NASA will need to look into investing funds into research and development the bit further to ensure it is fit for the tasks it needs to accomplish. But once this has been done it will be much safer for the humans who are already risking their lives to take part in this magnificent challenge, and that is something even NASA can not forget. 

Features photo: The Movie Martian




Genetically Modified Organisms (GMO’s) – Whose Side Are You On?

Hoping not to follow in the Europeans’ footsteps, scientists are again out to dispel the untruths and rumors regarding genetically engineered crops.  Many people are concerned about the potential harm they may receive from eating genetically modified foods.  But, having completed extensive studies over six years ago, the National Academies of Sciences, Engineering and Medicine already concluded that the advantages of GMO‘s far outweighed the disadvantages.  But, the fight to win the people and the government over is far from finished.





While scientists point out that genetically engineered (GE) foods pose no higher risk to us as humans than non-GE foods. Experts at the other end of the scale are worried that by using insect and herbicide resistant GE plants we are increasing the risk of producing resistant bugs and weeds which would create a further issue to tackle.  However, this has not put them off completely and are still willing to look into the possibility of increasing the amount of GMO‘s currently on the market; they just feel that a little more research is required.

READ ALSO: Nearly Half of All Medical Patients that Prescribed Medications Suffers From Serious Side Effects


Story Via; The Washington Post




Scientist Found a Whole New Way to Take on Cancer

The Nanomedicine Lab at UCL’s School of Pharmacy in London houses a tray of cancer cells on one of its optical microscopes. These cells are a part of a study that originated in a hotel bar over a drink of beer.

This study began the road to a revolutionary cancer treatment possibility. Millions of dollars from investors subsequently came in, and rival companies started on the path to developing the process. All of this revolves around one microscopic garbage truck. This “garbage truck” is a metaphor for something called the proteasome. Its job will be to destroy and dispose of obsolete and broken proteins hanging out in your body.

Craig Crews and Raymond Deshaies are biochemists that were casually discussing the theory over drinks at an annual conference in 1998. This proteasome had a clear description, but no current domestication. It is known to destroy proteins in the cell that are not needed anymore. The tricky part is to get this proteasome to work for cancer destroying purposes by doctors.





This particular research question has fueled Crews’ entire career. At 51 years of age, Crews is going on 20 years of trying to work with these “garbage trucks” for cells. His work involves complex ideas and theories aimed at convincing the proteasome to work in his favor.

His success includes a molecule that a major pharma giant gave up on. Crews were able to use this molecule to make a cancer drug that has been incorporated into successful cancer treatment. He is using this proteasome and his previous success story to fuel new research designed to make other stopped or failed drug projects victories, as well. His company is called Arvinas, and its purpose is to bring treatment options to diseases that are now stated as “undruggable.” He thinks this proteasome can help many diseases, not just cancer.

Crews are not the only research specialists focusing on this topic. Andrew Phillips, chief scientific officer of C4 Therapeutics, states that “Every big pharmaceutical company in the world is thinking about this area.” Phillips’ company is working on the same question.

Crews were new to his professorship at Yale and needed some new projects to add to his repertoire. He somewhat “stumbled” on to the idea of this proteasome. He read some research about an unusual molecule that is formed in specific bacteria residing in soil. The knowledge that was being kept secret by Bristol-Myers eventually came out in a full report in 1992. This published report included their discovery that the bacteria in question successfully killed melanoma cells. The question still residing was that of why this was the case.

“This had a particular appeal to me, because it had such potency, but here was this mystery about it,” stated Crews. “They didn’t know how it worked. All they knew was that it would kill tumor cells. And that, to me, is this wonderful invitation. I was curious.

READ ALSO: Nearly Half of All Medical Patients that Prescribed Medications Suffers From Serious Side Effects

Crews spend his childhood mesmerized by problems that seemed to have no answer. His father worked as a NASA engineer and participated in research aimed at creating lightweight aircraft wings. He was gifted with the leftovers of his father’s research, such as old levers and valves. Crews started a collection in the family garage with these, and other miscellaneous parts from cars, etc. He used them for robot building. His personal notebook was full of possible inventions. One of which was a perpetual motion machine design.

Crews had the privilege of seeing his father’s lab. He had wanted to be a scientist for as long as he could remember. He compares today’s biotech research efforts to the exciting years of the 1960’s and 1970’s at NASA.

Crews, however, did not have access to the mystery molecule written about in the work by Bristol-Myers Squib. Crews had to improvise by requesting that is team come up with their own version of the molecule. They started with a tiny strand of plastic beads. These beads were about the size of a grain of sand. This strand of beads was then coated with the target molecule. The next action can only be described as a fishing expedition to see what they could find. The filling of a cell was poured over these molecule coated beads. Everything passed by the beads except a specific cylinder of proteins. This was the proteasome.

This mysterious molecule kept the proteasome from completing its purpose of getting rid of unnecessary proteins in the cell. Crews explain, “By gumming it, by blocking the action of the proteasome, you get a buildup of toxic proteins that should have been removed.”

This action affected all kinds of cells but seemed to have a larger effect on cancer cells. Cancer cells multiply at uncontrollable rates, making proteins and getting rid of them very quickly. When the proteasome is blocked, toxic amounts of old proteins happen more quickly in the targeted cancer cells. The cancer cell dies at this point. Crews took this information to be more important than even a scientific discovery. He believed this information could be used to invent a drug.

Crews collaborated with Deshaies to start a company called Proteolix. This resulting drug was worked on for a while to iron out the complications and then produced for use in multiple myeloma patients. The FDA in approved the drug in 2012.

The drug is called Kyprolis and has been successful. Onyx Pharmaceuticals purchased Proteolix in 2009 at the price of $850 million. Onyx was then sold to Amgen in 2013 for near $10 million.

The goal to cease the “garbage truck” from doing its job turned out to be a worthwhile mission. Crews, however, had started to think about a different tactic using the proteasome. He began to consider what would happen if researchers could get the proteasome to work for the opposite cause. He wanted to try and get it to eat up the proteins guilty for initiating the disease in the first place.

Genomic analysis has helped researchers to gain significant amounts of knowledge related to the complications of diseases. Certain proteins involved in these ailments produce damage by taking up residence in different cell structures. The resulting chemical reactions are the diseases and symptoms. A majority of drugs work by blocking the places in which these proteins like to set up camp.

This method has been attributed to saving many lives along the way. As with many drugs, however, there have been some issues. The blocking molecules are not permanently adhered and will fall off at some point. This makes the need for constant medication a reality. These drugs are often toxic to the body in a different way than cancer. The side effects, however, are damaging. Toxins then remain throughout the body of the patient.

Crews and Deshaies wanted to find a way to tag these disease-causing proteins. The idea was that the disease would take notice of the specified tags and proceed with its normal action of “taking the protein that’s been tagged, unwinding it threading it in, and chewing it up,” states Chews.

The most amazing part of the theory is that the chain of molecules aimed at tagging the damaging proteins will remain free to tag more proteins after it “feeds” some to the “garbage disposal”. The chain of molecules should, in theory, remain undamaged and should not be chewed up by the “garbage truck”.

“You can imagine a small molecule, a drug, that works under this new paradigm, will truly be one that can seek and destroy rogue, disease-causing proteins, rather than simply binding and falling off, binding and falling off,” explains Crews. “So you don’t need as much drug. It gets the job done, first time around.”

This new knowledge could also lead to the treatment of diseases like Alzheimer’s that, until now, have been untreatable with drugs. Diseases like Alzheimer’s do not have the necessary docking areas to be receptive to traditional drug types.

Of course, challenges came about during the research phase. The cell membrane presents as a greasy, slippery surface. It proved difficult to the sizeable molecule chains to pass this surface. One of the postdoctoral scientists in the lab at the California Institute of Technology, working with Deshaies, was having to inject them manually.





The year 2009, however, brought a new tactic. One link in the chain was replaced with a smaller molecule. This smaller link is used instead of the larger series if amino acids called peptides. The lab has kept up the practice of working on these molecules to improve their ability to tag the proteins and alert the “garbage truck.”

“As far as tagging the protein itself and dragging it off to the shredder, no one has ever tried to treat the disease like that,” says Derek Lowe, one of the long-term pharmaceutical researchers. “It’s coming in from an entirely different direction that no one else has come in from before.” There is still the uncertainty of the success in human subjects, but “it has a lot of promise.”

In 2010 a Japanese research paper brought the table information on a drug from the year 1957 that lacked a clear understanding of the way it worked. The drug in the question tagged proteins to encourage destruction by the proteasome. The name of this drug was Thalidomide. Until its propensity for birth defects was made apparent, it was used to treat pregnant women experiencing nausea.

Crews were excited to hear this news. The information reinforced his theories and showed that the idea might be successful. Crews founded Arvinasin 2012 to better work towards his goal with the proteasome. Arvinas is working to beat its competitor C4, also working to produce new cancer treatments. C4 has named their molecular chains “degronomids”. However, the theory is comparable to that of Crews.

These two companies started in the same lab type setting and are privileged to work with well-known partners. Arvinas has coupled up with Merck and Genentech, while C4 collaborates with Roche. The hope of Crews is that in one year, his company will be in the testing phase. This sudden idea that came to him over a drink of beer in a tavern 20 years ago might finally become a reality. The next step is to find patients willing to give it a try.

Story Via: Statnews.com

Google Will Dominate Virtual Reality With Android Phones

Google introduced an early version of Google Cardboard about 2 years ago. This basic virtual reality viewer has been present while the VR realm has gone through some major updates. During these two years, Samsung and other companies have come up with many other variation of tools to use VR technology. Some of these include, a smartphone-powered Gear RV headset, an HTC Vive, and the Oculus Rift. Software developers are now focusing their energy and resources to make content available to use with these devices.





Google has made efforts to get on board with the latest developments, as well. Google’s annual conference in Mountain View, California took place on Wednesday. At the event there was an introduction of a new virtual reality proposal. The program is called Daydream and has a planned release for the fall season. The program will be a part of the Android operating system.


Google Will Dominate Virtual Reality With Android Phones


This program has a future encompassing many different accessories and content providers. Daydream will be compatible with a headset and a controller, as well as many apps. Google will be partnering with companies like Ubisoft, Hulu, Netflix, and HBO.

Eight smartphone producers have already agreed to join in the fun by making their phones compatible to Daydream. Some of these include Samsung, LG, Xiaomi, and HTC. Huawei and ZTE are also following suit. Costs are still in consideration.

READ ALSO: These New Glasses Will Be a Lifesaver For The People Who Suffer From Visual Impairment

Bavor is the representative that introduced Daydream at the annual conference. The goal is to make the VR program easily available to various audiences. They plan to use more price efficient methods, unlike Vive and Rift. They hope to eliminate the need to tether items to an expensive PC. These goals of affordability will introduce a competitive edge for Daydream.

One common complication with VR is the delay that occurs from the time when a person moves to when the images update. This is one area where Daydream aims to improve the VR experience. There should be minimal latency when the program is complete.





The headset design showed off by Bavor at the conference is similar in design to the Samsung Gear VR. A solitary band is made to wrap around the head the headset is equipped with latched box that covers the eyes. There was also a design for a handheld controller that would accompany the headset for gameplay. It was similar in design to the Oculus Rift version. It presents with an oblong shape, however, the buttons are fewer in number. There is also a circular indented touch pad located close to the top of the device. Likeable features include the ability to turn and twist the controller to accommodate a variety of actions in gaming programs.

Google is also paying attention to the different ways that its own services back up the use of VR to assist Daydream in being successful. Google Streetview will also be available for viewing in the VR platform, as well as VR photos. Several other items will also be compatible in VR, such as, YouTube audio and voice search.

India’s New Guidelines On Plastic Waste

Thermoset plastic is the non-recyclable and non-reusable plastic; that is very detrimental to the environment. Now, this plastic is being used in a large proportion of everyday life; it can be found in most of the day to day usage like electronics, car parts, adhesives, paint rollers, shoe soles, synthetic fibers, etc. Though there are many uses with this plastic. Unfortunately, it is non-recyclable and hence started the struggle with the Central Pollution Control Board (CPCB) by the National Green Tribunal (NGT).

After a long struggle by the NGT for about a year, the Central Pollution Control Board (CPCB) finally made a decision on scheming the non-recyclable thermoset plastic waste. The CPCB announced a set of guidelines in January 2015.





In the guidelines announced, the CPCB noted that “at present, no system exists with municipal bodies for collection, segregation & transportation of all kind of plastic waste including thermoset waste.”  However, the Board noted that there are several ways to minimalize the pollution caused by the thermoset plastic – reduce the wastage produced, disposing of the generated waste in secure landfills, and also co-processing in cement kilns.

Among all the ways, the disposal of the generated waste in the secured landfills is considered to be the most ineffective one as the land required for the disposal of the generated waste is a huge problem to find.

READ ALSO: Nuclear Power – is it to be the ‘Next Big Thing’?

However, with the Rule 6 of the Plastic Waste Management released in 2016, the CPCB mentioned the Extended Producers Responsibility (EPR). Now, according to the EPR, all the local producers of the plastic could be held responsible for the collection and disposal of the thermoset plastic waste generated from their products. Now, the CPCB emphasized on the EPR i.e. the collection of the plastic waste by the industries generated from their products, so that the waste could be taken to the “co-processing in cement kilns for recovery of material and energy value present in the plastic waste.”

The CPCB also noted that “The primary users of the Thermoset plastic like the industries, electricity authority be in consultation with local authority shall arrange to collect the waste and handover to the cement plants. They shall maintain a record of quantity generated and handed over to cement plant which shall maintain a record of the amount received and utilized.”





Additionally, it also said that the establishment of the required facilities for deployment of thermoset waste in the cement plants shall be supported and assisted by the producers of the thermoset plastics. And, also the inducements like the decrease in the water tax or the consent fee for the cement plants that process the thermoset waste shall be considered.

Of all that is mentioned above, the minimization of the waste generated from the thermosets is suggested to be the best by the CPCB. It promotes the usage of other plastics that could be easily recyclable and reusable.

Story Via; Livemint / Author: @SujanaOruganti

Four New EV Models Will Be In The Mercedes-Benz Lineup By 2020

Mercedes-Benz is determined to play a large part in the development of electric cars. In response to the surprise shown that Mercedes did not seem to be pushing Tesla and the German auto manufacturer is designing four new EV models that will be available by 2020.




It can be very expensive to make a unique design for these new EV models, and as a result, Mercedes are open to share design components and bodies with other vehicles. Two of the new models will be SUV and the other two Sedans, and both will be linked to other cars. The SUV’s and the GLC and GLA models will share components with the Sedans will be the electric equivalent of the C-class and S-class.

READ ALSO: Google Patents “Sticky” Layer To Protect Pedestrians From Car Accidents

The MFA platform – Modular Front Architecture – of the electric version of the B-class is going to be used in the new electric GLA SUV. The batteries are in the back of the B-class EV while the other three vehicles will be operated by the most recent MRA – Modular Rear Architecture, although Autocar informs us that Mercedes call this Modular Electric Architecture.

A precursor to the EV vehicles is planned for next year and is the Mercedes GC Fuel Cell. This is the first model that is going to use MEA meaning that there will be room in the floor to site the batteries and the required hydrogen tanks as well. This platform allows there to be four wheel or front drive, and it could be that there are three electric motors.

Story Via; Autocar.co.uk




Google Patents “Sticky” Layer To Protect Pedestrians From Car Accidents

One ongoing concern about the new self-driving cars is the ability of these vehicles to get stuck at times. The necessity of public safety has driven Google to patent a new “sticky” technology aimed at keeping pedestrians safe. This mechanism would be in action if, at any time, they get stuck by Google’s self-driving cars.





This new patent was given on May 17 and provides for a sticky adhesive layer to be present on the foremost end of the Google self-driving vehicles. This adhesive layer is hoped to minimize the damage that can occur when a pedestrian is hit by a Google self-driving car. Pedestrian accidents often involve people being flung into the surrounding area as well as into other vehicles. This sticky layer is designed to hold on to the person that has been hit, keeping them in one place instead of flinging them on to more dangerous areas. “Ideally, the adhesive coating on the front portion of the vehicle may be activated on contact and will be able to adhere to the pedestrian nearly instantaneously,” says the patent description.


Google Patents "Sticky" Layer To Protect Pedestrians From Car Accidents
Google’s adhesive layer patent.
Photograph: United States Patent and Trademark Office

This will allow the pedestrian involved to remain adhered in position until the vehicle brakes can be activated. “As such, both the vehicle and pedestrian may come to a more gradual stop than if the pedestrian bounces off the vehicle.”

READ ALSO: After Volkswagen, Nissan May Be Set to Receive Fine For Manipulated Emissions Figures

This patented technology is geared towards the self-driving community of cars. However, it could be useful for all vehicles. Many car manufacturers have taken steps to make accidents less damaging, as well. Land Rover and Volvo have put airbags on the outside of some of their cars. These will inflate if a pedestrian is involved in an impact. Jaguar and Citroen have a device that allows for a cushion between the surface that will be crumpled and the denser engine block. This is accomplished by raising the bonnet of the vehicle by 6.5 cm when an impact occurs.


Google Patents "Sticky" Layer To Protect Pedestrians From Car Accidents
Volvo became the first to install an external airbag when it fitted one between the hood and windshield on the V40.

There is still, however, the concern of any secondary impact. This could occur if the car then impacts another surface while the pedestrian is in tow.

The future implication of this patent on the Google cars is unknown at this time. Many ideas make it to the patent stage and are never used. The company must continue to research and decide what is best for their products, over time.




Get Ready For The ‘Drone Nation’, The Market Expends Rapidly

The drone sales have been increasing tremendously for the past couple years. Though the drones have been a recent invention, they proved to be a most popular holiday purchase.  According to a report from the retail research firm, NPD group – the world’s most successful brands turn to –   the sales skyrocketed almost to 445 percent just in the month of December done over a year (2015-2016).

Additionally, the NPD research also mentioned that the drone purchase has improved about 224 percent year-over-year to $200 million from the month of April 2015 i.e. almost $550 per drone. Moreover, the drones that cost more than $500 constituted for almost 56% of the total sales during the period of the 12 months.





The average cost of a drone is $550 as there is a huge price difference in the drones due to the features like including a camera for photography, racing. Also, these super popular flying machines are used for search and rescue. The further development of these drones is going on, and the inventors are trying to use them for a more diverse, sophisticated uses like the snack delivery, farming.

READ ALSO: Lilium: Tesla Of The Air and The First Electric Vertical Take-Off and Landing Plane

In the month of October 2015, the registration rules established by the Federal Aviation Administration, requires the drones that weigh between 0.55 lbs. and 55 lbs. to be registered by their owners before flying them outdoors. Until December, when the implementation of the rule started to take place, the sales have only doubled every month.

Ben Arnold, the executive director and industry analyst for the NPD Group, said that “The drone category is continuing to take shape as new products and features such as 4K cameras, Bluetooth, and built-in GPS, reveal an expanding range of use cases. The market is maturing in that respect.”

Furthermore, the sales of the drones are expected only to increase in the coming decades. In the next ten years, the sales of drones to the consumer market are estimated to go beyond 90 million units and generate $4.6 billion in revenue, according to ABI Research, a technology market intelligence firm in Oyster Bay, New York.

Story Via; Fortune.com / Author : @SujanaOruganti