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Draganfly Deploys Advanced Commander 3XL and Commences Training with Squamish Search and Rescue

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Draganfly Inc. (NASDAQ: DPRO) has delivered its Advanced Commander 3XL drone and modular payloads to Squamish Search and Rescue (SSAR), marking a significant enhancement in First Responder capabilities. The company is conducting comprehensive training with SSAR team members, focusing on various region-specific scenarios including front and backcountry rescue, critical goods delivery, and swift water rescue.

CEO Cameron Chell emphasized this deployment as the first of many, showcasing Draganfly's commitment to leveraging advanced UAV technology for search and rescue operations. SSAR's Director of Technology, Lianne Girard, expressed excitement about the new tools' potential.

Additionally, Draganfly has amended certain provisions of its previously issued warrants to potentially improve their treatment as shareholder's equity on the company's balance sheet.

Draganfly Inc. (NASDAQ: DPRO) ha consegnato il suo drone Advanced Commander 3XL e carichi modulari al Servizio di Ricerca e Soccorso di Squamish (SSAR), segnando un significativo potenziamento delle capacità dei soccorritori. L'azienda sta conducendo un'ampia formazione con i membri del team SSAR, concentrandosi su vari scenari specifici della regione, tra cui il soccorso in montagna e in zona impervia, la consegna di beni essenziali e il soccorso in acque rapide.

Il CEO Cameron Chell ha sottolineato questa distribuzione come la prima di molte, evidenziando l'impegno di Draganfly nell'utilizzare tecnologie UAV avanzate per le operazioni di ricerca e soccorso. Il Direttore Tecnologico di SSAR, Lianne Girard, ha espresso entusiasmo per il potenziale dei nuovi strumenti.

Inoltre, Draganfly ha modificato alcune disposizioni dei warrant precedentemente emessi per migliorare potenzialmente il loro trattamento come patrimonio netto degli azionisti nel bilancio dell'azienda.

Draganfly Inc. (NASDAQ: DPRO) ha entregado su drone Advanced Commander 3XL y cargas modulares al Servicio de Búsqueda y Rescate de Squamish (SSAR), marcando una mejora significativa en las capacidades de los primeros respondedores. La empresa está llevando a cabo una capacitación integral con los miembros del equipo de SSAR, enfocándose en diversos escenarios específicos de la región, incluyendo rescates en áreas montañosas y remotas, entrega de bienes críticos y rescate en aguas rápidas.

El CEO Cameron Chell enfatizó este despliegue como el primero de muchos, destacando el compromiso de Draganfly de aprovechar la tecnología avanzada de UAV para operaciones de búsqueda y rescate. La Directora de Tecnología de SSAR, Lianne Girard, expresó su entusiasmo por el potencial de las nuevas herramientas.

Además, Draganfly ha modificado ciertas disposiciones de sus warrants previamente emitidos para mejorar potencialmente su tratamiento como capital de los accionistas en el balance de la compañía.

드래곤플라이 Inc. (NASDAQ: DPRO)는 고급 커맨더 3XL 드론 및 모듈형 화물을 스쿠어미시 수색 구조대(SSAR)에 전달하여 소방 구조원들의 능력을 크게 향상시켰습니다. 회사는 SSAR 팀원들과 함께 다양한 지역별 시나리오에 중점을 두고 철저한 교육을 실시하고 있으며, 여기에는 산악 및 오지 구조, 필수 물품 배달 및 빠른 물속 구조가 포함됩니다.

CEO 캐머런 첼은 이 배치를 여러 번의 처음으로 강조하며, 드래곤플라이가 수색 및 구조 작전을 위해 고급 UAV 기술을 활용하겠다는 의지를 보여주고 있습니다. SSAR의 기술 담당 디렉터 리안 기라드도 새로운 도구의 잠재력에 대해 기대감을 표명했습니다.

또한 드래곤플라이는 이전에 발행된 보증서의 일부 조항을 수정하여 회사의 대차대조표에서 주주 자본으로의 처리를 개선할 수 있는 가능성을 모색하고 있습니다.

Draganfly Inc. (NASDAQ: DPRO) a livré son drone Advanced Commander 3XL et charges modulaires aux services de recherche et de sauvetage de Squamish (SSAR), marquant une amélioration significative des capacités des premiers intervenants. L'entreprise mène une formation complète avec les membres de l'équipe SSAR, en se concentrant sur divers scénarios spécifiques à la région, notamment le sauvetage en montagne et en milieu sauvage, la livraison de biens essentiels et le sauvetage en eaux vives.

Le PDG Cameron Chell a souligné ce déploiement comme le premier de nombreux autres, mettant en évidence l'engagement de Draganfly à tirer parti des technologies UAV avancées pour les opérations de recherche et de sauvetage. La directrice de la technologie de SSAR, Lianne Girard, a exprimé son enthousiasme quant au potentiel des nouveaux outils.

De plus, Draganfly a modifié certaines dispositions de ses warrants précédemment émis afin d'améliorer potentiellement leur traitement en tant que capitaux propres des actionnaires dans le bilan de l'entreprise.

Draganfly Inc. (NASDAQ: DPRO) hat seinen Advanced Commander 3XL Drohne und modulare Nutzlasten an den Squamish Such- und Rettungsdienst (SSAR) geliefert, was eine bedeutende Verbesserung der Fähigkeiten der Ersthelfer darstellt. Das Unternehmen führt umfassende Schulungen mit den Mitgliedern des SSAR-Teams durch, wobei der Fokus auf verschiedenen scenariospezifischen Szenarien liegt, einschließlich Berg- und Outdoor-Rettung, Lieferung von lebenswichtigen Gütern und schnelle Wasserrettung.

CEO Cameron Chell betonte diese Bereitstellung als die erste von vielen und hob Draganflys Engagement hervor, fortschrittliche UAV-Technologie für Such- und Rettungsoperationen zu nutzen. SSARs Technikdirektorin Lianne Girard äußerte sich begeistert über das Potenzial der neuen Werkzeuge.

Darüber hinaus hat Draganfly bestimmte Bestimmungen seiner zuvor ausgegebenen Warrants geändert, um deren Behandlung als Eigenkapital der Aktionäre in der Bilanz des Unternehmens potenziell zu verbessern.

Positive
  • Delivery of Advanced Commander 3XL drone and modular payloads to Squamish Search and Rescue
  • Comprehensive training program for SSAR team members
  • Potential for improved balance sheet treatment of warrants
Negative
  • Reduction of warrant exercise price from US$0.259 to US$0.1646, potentially diluting existing shareholders

The delivery of Draganfly's Commander 3XL drone to Squamish Search and Rescue (SSAR) represents a strategic move in the first responder market. While this specific deployment may not significantly impact Draganfly's immediate financials, it serves as a proof of concept for the company's expansion into search and rescue operations.

The collaboration with SSAR could potentially lead to increased adoption by other search and rescue organizations, opening up a new revenue stream for Draganfly. However, investors should note that the search and rescue market, while noble, may have scalability compared to other commercial drone applications.

The warrant amendments mentioned in the article are a technical financial maneuver aimed at improving Draganfly's balance sheet. This could potentially make the company more attractive to investors by reducing derivative liabilities, but it's important to monitor how this impacts existing shareholders.

Draganfly's Commander 3XL drone showcases the company's technological prowess in developing specialized UAV solutions. The modular payload system is particularly noteworthy, as it allows for versatile applications in various rescue scenarios.

The focus on region-specific training scenarios demonstrates Draganfly's commitment to tailoring their technology to real-world needs. This approach could give them a competitive edge in the first responder drone market.

However, investors should consider that the search and rescue sector may have different technological requirements and growth trajectories compared to commercial or military drone markets. Draganfly will need to balance its resources between these potentially divergent market segments to maintain its technological leadership across all its product lines.

Delivery of Advanced Commander 3XL and Precision Delivery System Marks Key Milestone

Squamish, BC., Aug. 06, 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, is pleased to announce the delivery of its newest Advanced First Responder assets to Squamish Search and Rescue (SSAR), inclusive of the Commander 3XL drone and modular payloads. This delivery marks a significant step in enhancing First Responder capabilities.

Draganfly is conducting comprehensive training and pilot operations with SSAR team members, focusing on the Commander 3XL and its modular payloads. These training sessions encompass a variety of region-specific scenarios that reflect the broad scope of SSAR's missions, including front and backcountry rescue, delivery of critical goods, and swift water rescue.

“This delivery represents the first of many deployments as we continue to develop and refine compelling drone solutions for search and rescue operations,” said Cameron Chell, CEO of Draganfly. “Our collaboration with SSAR is a testament to our commitment to leveraging advanced UAV technology to save lives and improve operational efficiency.”

Lianne Girard, Director of Technology at Squamish Search and Rescue, commented, “The arrival of the Commander 3XL and the precision delivery system holds exciting possibilities for SSAR. We are eager to begin training with these tools and understand their full capabilities”.

This work underscores the impacts of UAV technology in critical rescue operations, helping ensure aid can be delivered efficiently to those in need, regardless of challenging terrain and accessibility issues.

Pursuant to a prior underwritten public offering of the Company in the United States, the Company issued 6,400,000 common share purchase warrants (the “October Warrants”) with each warrant entitling the holder thereof (the “Holder”) to purchase one common share of the Company (a “Share”) at an exercise price of US$0.6123 (subsequently reduced to US$0.259 as noted in the Company’s May 1, 2024 News Release), subject to adjustment, until October 30, 2028. On May 1, 2024, the Company issued 13,513,514 warrants (the “May Warrants”, and together with the October Warrants, the “Warrants”) to purchase Shares to the Holder at an exercise price of CA$0.3540 per Share, subject to adjustment, until May 1, 2029. In an effort to have the Warrants treated as shareholder’s equity, and not a derivative liability on the Company’s balance sheet, the Holder and the Company entered into an amendment agreement to amend certain provisions related to determining the value of underlying common shares of the Company on completion of fundamental transactions in exchange for the exercise price of the Warrants being reduced to the Canadian dollar equivalent of US$0.1646. 

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.

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

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 with respect to advanced UAV technology’s ability to save lives and improve operational efficiency. 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 new technology has Draganfly (DPRO) delivered to Squamish Search and Rescue?

Draganfly has delivered its Advanced Commander 3XL drone and modular payloads to Squamish Search and Rescue (SSAR), enhancing their First Responder capabilities.

How is Draganfly (DPRO) supporting Squamish Search and Rescue's operations?

Draganfly is conducting comprehensive training with SSAR team members, focusing on various scenarios including front and backcountry rescue, critical goods delivery, and swift water rescue using the Commander 3XL drone.

What changes has Draganfly (DPRO) made to its warrant agreements?

Draganfly has amended certain provisions of its warrants, reducing the exercise price to the Canadian dollar equivalent of US$0.1646, in an effort to have the warrants treated as shareholder's equity on the company's balance sheet.

When did Draganfly (DPRO) issue the warrants that were recently amended?

Draganfly issued 6,400,000 warrants in October 2023 and 13,513,514 warrants in May 2024, which have now been amended.

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