Draganfly - DPRO STOCK NEWS

Draganfly Inc. (NASDAQ: DPRO) has confirmed its strategic positioning to support border security enhancement through recent sales activities with policing agencies. The company's focus is particularly on Northern (Canada) border security amid global trade and security uncertainties.

The company's product portfolio includes drones equipped with high-resolution, electro-optical/infra-red and low-light sensors with real-time data processing capabilities, available in multiple tactical communication and control configurations. These systems are designed for multi-mission capabilities in challenging environments.

With an emphasis on North American-made innovation, Draganfly aims to support government agencies and border authorities in maintaining national security and economic stability through advanced drone technology solutions.

Draganfly Inc. (NASDAQ: DPRO) has secured a significant Federal Aviation Administration (FAA) waiver allowing its drones to operate over people and moving vehicles in Boston. The waiver, granted under 14 CFR §§ 107.39 and 107.145, permits operations beyond standard FAA Part 107 regulations along a prescribed flight route in Boston's urban environment.

The approval enables two key operations: flights over non-participating individuals and operations over moving traffic, important for urban deployment scenarios. This regulatory achievement positions Draganfly to expand its drone operations in complex urban settings for applications including public safety, infrastructure inspection, and specialized mission support.

The company's systems feature advanced airspace management capabilities and precision controls to maintain compliance with FAA safety standards. This milestone reinforces Draganfly's status as an innovator in the UAV industry and demonstrates its readiness to meet evolving defense, government, and commercial partner needs.

Draganfly (NASDAQ: DPRO) has announced a strategic collaboration with Volatus Aerospace to integrate Volatus' Bathymetric LiDAR technology with Draganfly's Heavy Lift Drone for oil and gas exploration. The partnership aims to enhance precision data acquisition in energy markets.

The collaboration includes Volatus becoming an OEM approved dealer for Draganfly's UAV platforms, including the Heavy Lift Drone, Commander 3XL, and Apex Drones. The integrated system will be showcased through pilot projects and demonstrations, targeting the global offshore oil and gas exploration market, which is projected to reach over $104 billion by 2030.

The partnership focuses on delivering drone-enabled solutions that improve operational efficiencies while reducing costs for energy sector clients, combining Draganfly's expertise in drone technology with Volatus' advanced sensor capabilities.

Draganfly Inc. (NASDAQ: DPRO) has successfully completed initial proof-of-concept flights for a drone delivery research project with Mass General Brigham (MGB) Home Hospital. The project's first phase, focused on the greater Boston area, involved route mapping and test flights within hospital infrastructure to evaluate how drone deliveries could improve access to medical supplies and laboratory samples.

The initiative aims to address healthcare logistics challenges by reducing delays caused by traffic congestion and outdated delivery methods. While these initial test flights did not contribute to care delivery, they represent a significant step toward developing more efficient healthcare delivery systems. Draganfly also showcased its medical delivery technologies at the World Medical Innovation Forum in Boston.

Draganfly has closed a registered direct offering of 1,600,000 units at US$2.35 per unit, raising gross proceeds of US$3.76 million. Each unit consists of one common share (or pre-funded warrant) and one warrant to purchase one common share. The warrants have an exercise price of CA$3.3086 (US$2.35), exercisable immediately with a five-year expiration. Additionally, the company amended the exercise price of existing warrants from previous offerings to CA$3.3086. The net proceeds will be used for general corporate purposes, including product development, marketing, potential acquisitions, and working capital requirements.

Draganfly (NASDAQ: DPRO) has announced a US$3.76 million registered direct offering through a securities purchase agreement with a single institutional investor. The offering includes 1,600,000 units at US$2.35 per unit, with each unit comprising one common share (or pre-funded warrant) and one warrant. The warrants have an exercise price of CA$3.3086 (US$2.35), exercisable immediately with a five-year expiration. Additionally, the company will amend previous warrants from October 2023, May 2024, and August 2024 to reduce their exercise price to CA$3.3086. The proceeds will fund new product development, marketing, potential acquisitions, and working capital requirements.

Draganfly reported Q3 2024 revenue of $1,885,322, an 8.9% quarter-over-quarter increase, primarily driven by product sales of $1,328,675. Gross profit was $440,780, down 50.7% year-over-year, with a gross margin of 23.4%. The company recorded a comprehensive loss of $364,549, significantly improved from a $5,530,248 loss in Q3 2023. Notable developments include a 1-for-25 share consolidation, the launch of the APEX Drone for military applications, and partnerships with Nightingale Security for oil and gas sector solutions. Cash balance stood at $3,997,577 as of September 30, 2024.

Draganfly (NASDAQ: DPRO) announced it will host a shareholder update call on November 14th, 2024, at 5:30pm EST. CEO Cameron Chell will review company milestones, while CFO Paul Sun will present Q3 2024 financial results, which will be filed after market close on the same day. Lead Director Scott Larson will manage the Q&A session, addressing both pre-submitted and live chat questions. Shareholders can submit questions in advance to investor.relations@draganfly.com.

Draganfly announces its participation in ElevateUAV, scheduled for November 12-14, 2024, at the FIU Kovens Conference Center in Miami, Florida. The company will provide specialized training on two flagship platforms: the Flex FPV and Commander 3XL during this three-day education program hosted by Drone Nerds.

The training will focus on maximizing the potential of Draganfly's platforms, with the Flex FPV known for complex environment operations and the Commander 3XL featuring a 23-pound payload capacity for high-demand missions. The event includes live flight demonstrations and networking opportunities with industry innovators advancing UAV technology.