Draganfly Signs Leading Drone Solution Provider for Australian Government and Enterprise Value Added Distributorship

Rhea-AI Summary

Draganfly Inc. (NASDAQ: DPRO) has announced a strategic partnership with The Institute for Drone Technology, appointing them as a value-added distributor of Draganfly's drone technology in Australia. This collaboration aims to meet the growing demand for advanced drone solutions in the Australian market, particularly in government, enterprise, and public safety sectors.

Key points:

• The Institute for Drone Technology will distribute Draganfly's UAV technology to its extensive customer base
• Draganfly will participate in the Land Forces International Land Defence Exposition in September
• The partnership is expected to enhance operational efficiency, safety, and innovation across various sectors in Australia

Positive

• Strategic partnership with The Institute for Drone Technology to distribute Draganfly's products in Australia
• Access to a large customer base in government, enterprise, and public safety sectors
• Participation in the Land Forces International Land Defence Exposition, providing exposure to major defense contractors

Negative

• None.

Saskatoon, SK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) ‎‎(“Draganfly” or the “Company”), a leader in drone technology and unmanned aerial vehicle (UAV) solutions, is excited to announce a strategic partnership with The Institute for Drone Technology, a leading drone solution provider for the Australian government and enterprise sectors. This agreement appoints The Institute for Drone Technology as a value-added distributor of Draganfly's cutting-edge drone technology in Australia.

The collaboration between Draganfly and The Institute for Drone Technology comes at a time of incredible demand for advanced drone solutions within Australia. The Institute for Drone Technology’s extensive customer base, which spans government, enterprise, and public safety sectors, has shown a keen interest in integrating Draganfly's state-of-the-art UAV technology into their operations. This partnership is set to meet this growing demand by making Draganfly's innovative products more accessible for a wide range of applications across the country.

Cameron Chell, President and CEO of Draganfly, expressed his enthusiasm about the partnership, stating, "We are thrilled to partner with The Institute for Drone Technology, a recognized leader in the Australian drone market. This collaboration will enable us to better serve the significant and growing demand for our products within Australia. We look forward to working closely with The Institute for Drone Technology to deliver unparalleled UAV solutions to their diverse customer base."

The Institute for Drone Technology is equally enthusiastic about the partnership. "Our customers have been eagerly awaiting access to Draganfly's advanced drone technology," said a representative from The Institute for Drone Technology. "This distributorship will allow us to offer cutting-edge UAV solutions that enhance operational efficiency, safety, and innovation across various sectors. We are excited to see the positive impact this collaboration will have on our customers and the broader Australian market."

As part of the partnership, Draganfly is proud to announce its participation in the Land Forces International Land Defence Exposition in September. This premier event serves as the gateway to the land defence markets of Australia and the region, providing a platform for interaction with major prime contractors. Draganfly will showcase its latest innovations and demonstrate the transformative power of their UAV solutions in defense and public safety applications. Attendees will have the chance to engage with Draganfly's expert team, witness firsthand the capabilities of Draganfly's UAV technology, and discuss tailored solutions for their specific needs.

About The Institute for Drone Technology

The Institute is a leading provider of drone solutions for the Australian government and enterprise sectors. With a focus on delivering state-of-the-art UAV technology and comprehensive training programs, the Institute is dedicated to advancing the use of drones in public safety, defense, and commercial applications.

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:

• 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 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 is the significance of Draganfly's partnership with The Institute for Drone Technology?

The partnership appoints The Institute for Drone Technology as a value-added distributor of Draganfly's drone technology in Australia, allowing Draganfly to better serve the growing demand for its products in the Australian market across government, enterprise, and public safety sectors.

How will Draganfly (DPRO) showcase its technology at the Land Forces International Land Defence Exposition?

Draganfly will demonstrate its latest UAV innovations and discuss tailored solutions for defense and public safety applications with attendees and major prime contractors at the exposition in September.

What potential benefits does this partnership bring to Draganfly's (DPRO) business in Australia?

The partnership is expected to make Draganfly's innovative products more accessible in Australia, enhancing operational efficiency, safety, and innovation across various sectors, while also expanding the company's reach in the Australian drone market.