Draganfly and Nightingale Security Selected by Fortune 25 Oil and Gas Company to Develop Autonomous Drone-in-a-Box Remote Sensing Solution

Rhea-AI Summary

Draganfly Inc. (NASDAQ: DPRO) and Nightingale Security have been selected by a Fortune 25 oil and gas company to develop a fully automated UAS solution for infrastructure monitoring. The project aims to enhance operational efficiency and safety in the oil and gas sector through advanced remote sensing technology.

The integrated solution will feature the Draganfly APEX, an advanced UAV platform, equipped with a custom sensor package including Optical Gas Imaging (OGI), Tunable Diode Laser Absorption Spectroscopy (TDLAS), thermal, and RGB sensors. This combination will enable real-time monitoring of critical infrastructure, detecting leaks, emissions, and structural abnormalities with high precision.

The first phase of sensor validation and selection has been completed, with demonstration and in-field testing scheduled through the end of the year. Future phases will integrate the Draganfly APEX with Nightingale Security's Drone in a Box flight software, creating a fully automated advanced remote sensing system for monitoring infrastructure in remote, hazardous, and RF-challenged environments.

Positive

• Selection by a Fortune 25 oil and gas company for a significant project
• Development of an advanced UAS solution for infrastructure monitoring
• Integration of multiple high-tech sensors for comprehensive monitoring capabilities
• Completion of the first project phase with ongoing testing
• Potential for future project phases and expanded capabilities

Negative

• None.

Tech Expert

Draganfly and Nightingale's collaboration on an autonomous drone-in-a-box solution for a major oil and gas company represents a significant technological advancement in infrastructure monitoring. The integration of Draganfly's APEX UAV with Nightingale's automation software creates a powerful system for real-time surveillance in challenging environments.

The custom sensor package, including Optical Gas Imaging (OGI) and Tunable Diode Laser Absorption Spectroscopy (TDLAS), enables precise detection of gas leaks and emissions. This technology could dramatically improve safety and environmental compliance in the oil and gas industry, potentially reducing the risk of accidents and environmental damage.

However, the project is still in its early stages, with sensor validation completed and field testing ongoing. The success of this solution will depend on its performance in real-world conditions and its ability to integrate seamlessly with existing infrastructure monitoring systems.

Market Research Analyst

This partnership could significantly impact the industrial drone market, especially in the oil and gas sector. The global drone market in oil and gas was valued at $1.2 billion in 2023 and is projected to grow at a CAGR of 16.2% from 2024 to 2030. Draganfly and Nightingale's collaboration with a Fortune 25 company could accelerate this growth.

For Draganfly (NASDAQ: DPRO), this project represents a major opportunity to showcase its technology and potentially secure long-term contracts in the lucrative oil and gas industry. However, investors should note that the project is still in development and commercial success is not guaranteed. The company's ability to deliver on this high-profile project could significantly influence its market position and future growth prospects.

Environmental Consultant

The development of this advanced drone monitoring system has significant environmental implications for the oil and gas industry. By enabling real-time detection of leaks and emissions, the technology could help companies reduce their environmental impact and comply with increasingly stringent regulations.

The use of Optical Gas Imaging (OGI) and TDLAS sensors allows for precise identification of methane leaks, a major contributor to greenhouse gas emissions in the oil and gas sector. Early detection and rapid response to these leaks could substantially reduce emissions and improve the industry's environmental performance.

However, it's important to note that while this technology can help mitigate environmental risks, it doesn't address the broader issue of fossil fuel dependence. Investors should consider both the positive environmental impact of improved monitoring and the long-term sustainability challenges facing the oil and gas industry.

Draganfly and Nightingale to Deliver Automated Drone Solution for Oil and Gas Monitoring

Saskatoon, SK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning industry-leading drone solutions and systems developer, along with Nightingale Security, a leader in robotic aerial security, have been selected by a major oil and gas company to develop a fully automated UAS solution for infrastructure monitoring. This project marks a significant step in leveraging advanced UAS remote sensing technology to enhance operational efficiency and safety in the oil and gas sector.

The integrated solution will feature the Draganfly APEX, an advanced UAV platform designed for robust performance with a variety of payloads and peripherals. Equipped with a custom sensor package, the solution will incorporate Optical Gas Imaging (OGI), Tunable Diode Laser Absorption Spectroscopy (TDLAS), thermal, and RGB sensors. This combination will allow real-time monitoring of critical infrastructure, enabling detection of leaks, emissions, and structural abnormalities with high precision.

The first phase of this project involving sensor validation and selection has been completed, with demonstration and in-field testing to occur through the end of the year. As part of future phases of the project, the Draganfly APEX will integrate with Nightingale Security’s innovative Drone in a Box flight software, leveraging Nightingale’s industry-leading automation developed for security applications, to deliver a fully automated advanced remote sensing system. This integration will enable the oil and gas company to monitor infrastructure in remote, hazardous, and RF-challenged environments, ensuring continuous surveillance and quick response to potential issues.

Jack Wu, CEO of Nightingale Security, commented, "Our mission at Nightingale has always been to deliver real-time situational awareness and to focus on Drone as a First Responder (DFR). Partnering with Draganfly allows us to focus on our DFR missions while delivering an advanced remote sensing solution by integrating their APEX drone with our base station that enables autonomous operation. The combined solution will drive innovation in critical infrastructure monitoring. Together, we are not only improving operational oversight but also empowering industries to reduce risks and ensure safety in even the most challenging environments."

Cameron Chell, CEO of Draganfly, added, "We are thrilled to collaborate with Nightingale Security on this transformative project. The integration of the Draganfly Apex with this custom sensor suite and Nightingale’s innovative Drone in a Box capabilities underscores the versatility and reliability of our platform in tackling some of the most complex industrial challenges. This solution will not only streamline infrastructure monitoring but also enhance safety and environmental compliance."

About Draganfly

Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations can do business and serve their stakeholders. Recognized as being at the forefront of technology for over 24 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

About Nightingale Security

Nightingale Security specializes in autonomous drone systems for security and surveillance, providing cutting-edge technology to safeguard assets and infrastructure around the globe. Their fully autonomous drone-in-a-box system offers continuous monitoring and rapid response capabilities.

For more information on Draganfly, please visit us at www.draganfly.com. For additional investor information, visit:

• CSE Listing
• NASDAQ Listing
• Frankfurt Listing
  

Media Contact Email: media@draganfly.com
Company Contact Email: info@draganfly.com

Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements that the combined Draganfly and Nightingale product will allow real-time monitoring of critical infrastructure, enabling detection of leaks, emissions, and structural abnormalities with unprecedented precision and that the solution will not only streamline infrastructure monitoring but also enhance safety and environmental compliance. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

FAQ

What is the purpose of Draganfly and Nightingale Security's collaboration with the Fortune 25 oil and gas company?

Draganfly (DPRO) and Nightingale Security are collaborating to develop a fully automated UAS solution for infrastructure monitoring in the oil and gas sector, aiming to enhance operational efficiency and safety through advanced remote sensing technology.

What features does the Draganfly APEX UAV platform include for the oil and gas monitoring project?

The Draganfly APEX (DPRO) is equipped with a custom sensor package including Optical Gas Imaging (OGI), Tunable Diode Laser Absorption Spectroscopy (TDLAS), thermal, and RGB sensors for real-time monitoring of critical infrastructure, detecting leaks, emissions, and structural abnormalities.

What is the current status of the Draganfly (DPRO) and Nightingale Security project for the oil and gas company?

The first phase of sensor validation and selection has been completed. Demonstration and in-field testing are scheduled to occur through the end of the year, with future phases planned to integrate the Draganfly APEX with Nightingale Security's Drone in a Box flight software.

How will the Draganfly (DPRO) and Nightingale Security solution benefit the oil and gas industry?

The solution will enable monitoring of infrastructure in remote, hazardous, and RF-challenged environments, ensuring continuous surveillance and quick response to potential issues. This will streamline infrastructure monitoring, enhance safety, and improve environmental compliance in the oil and gas industry.