US Federal Aviation Administration (FAA), has announced to clear the Commercial Drone regulations by Next June 2016. By that time the use of Commercial drones will be much higher. “The rule will be in place within a year,” FAA Deputy Administrator Michael Whitaker said. View the full release here.
Ambarella, Inc., a leading developer of low-power, HD video compression and image processing semiconductors, has announced its first quarter of FY-2015-16. The results shows Revenues Up to $71.0 million by 73.5% YoY, while EPS was $0.56 up from $0.17 YoY. View thew full earnings release here.