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Draganfly Inc. (DPRO) is a global leader in the development and manufacturing of unmanned aerial vehicle (UAV) systems, software, and engineering services. Headquartered in Canada, the company has established a significant presence in the United States and internationally. Draganfly operates through three primary segments: Drones, Vital Intelligence, and Corporate.
The Drones segment is the cornerstone of Draganfly's operations, generating the majority of the company's revenue. This segment focuses on the production and sales of cutting-edge UAVs, catering to both hobbyists and industrial clients. Draganfly's drones are utilized in various applications, from recreational flying to critical missions involving emergency services, where they help make dangerous situations safer for personnel.
The Vital Intelligence segment leverages advanced technology to provide products that can measure vital signs from a distance, aiding in the early detection of symptoms among large groups. This innovative approach is particularly useful in public health scenarios, offering a non-invasive method to monitor the health of populations.
The Corporate segment encompasses all costs and activities not directly tied to the Drones or Vital Intelligence segments. This includes administrative functions and strategic initiatives aimed at supporting the overall growth and sustainability of the company.
Draganfly has made significant strides in recent years, achieving key financial and operational milestones. The company continues to expand its product offerings and forge strategic partnerships, positioning itself as a pioneer in the UAV industry. For instance, recent financial highlights for Q4 2023 and early 2024 underscore Draganfly's robust performance and growth trajectory.
Investors and stakeholders can stay informed about Draganfly's developments by visiting the company's official website at www.draganfly.com. For additional investor information, the company's profiles on the CSE, NASDAQ, and Börse Frankfurt are excellent resources.
For media inquiries, please contact Arian Hopkins at media@draganfly.com. Company-related queries can be directed to info@draganfly.com.
Draganfly Inc. (NASDAQ: DPRO) announces a $9 million manufacturing agreement with Digital Dream Labs (DDL) to create an AI consumer companion robot drone. DDL, known for its successful desktop robots, will order at least 50,000 units annually starting in 2022. Draganfly will have exclusive rights to manufacture future drone-based robots for DDL. The consumer drone market is projected to exceed $2.3 billion in 2021, growing at a CAGR of 12%, reaching nearly $3.3 billion in 2025. The agreement is subject to the signing of a definitive contract.
Draganfly Inc. (NASDAQ: DPRO) has partnered with the Drone Racing League (DRL) to launch DRL Labs, an innovation hub aimed at developing next-generation drone technology. This multi-year collaboration will enhance drone racing and humanitarian efforts. The partnership highlights Draganfly's expertise in autonomous systems and AI, which will be tested during DRL races broadcasted globally. Additionally, Draganfly's AI-driven Vital Intelligence platform will monitor pilot health metrics, integrating cutting-edge technology into the sport.
Draganfly has signed a manufacturing agreement worth at least $9 million with Digital Dream Labs to produce an AI consumer companion robot drone. Under the terms, Draganfly will exclusively manufacture 50,000 units annually, starting in 2022. The drone will complement existing products from DDL, a company known for its popular robots like Cozmo and Vector. This partnership positions Draganfly to expand its manufacturing capabilities in the growing consumer drone market, projected to reach $3.3 billion by 2025 with a CAGR of 9%.
Draganfly Inc. (NASDAQ: DPRO) announced that its Chairman and CEO, Cameron Chell, will participate in the UNEP’s Drones in Disaster Management webinar on October 12, 2021, at 9:00 AM EST. This event is part of a four-part series focused on Fourth Industrial Revolution technologies. Chell highlighted Draganfly's commitment to innovative solutions that enhance disaster management and public safety. The company, credited with saving lives through its Draganflyer X4-ES drone, continues to train emergency crews in operating drones for critical disaster response.
Draganfly Inc. (NASDAQ: DPRO) announced that an interview with CEO Cameron Chell will air on The RedChip Money Report on Bloomberg on September 25, 2021, at 7 p.m. ET. The program reaches approximately 73 million homes in the U.S. Draganfly was previously featured on the same report on August 21, 2021. The RedChip Money Report is known for providing insights on small-cap investing and featuring interviews with public company executives.
Draganfly (NASDAQ: DPRO) has secured an exclusive manufacturing agreement with Valqari LLC to produce innovative Drone Delivery Stations. This partnership aims to address logistical challenges in drone deliveries across various sectors, including pharmaceuticals and e-commerce. Valqari's patented stations, capable of accommodating packages of specific dimensions, are expected to propel the global drone delivery market, projected to reach nearly US$1 billion in 2021 with a CAGR of 45.5%.
Draganfly (NASDAQ: DPRO) has integrated its Vital Intelligence Smart Vital system into Fobi AI's Venue Management System, enhancing health screening for event attendees. The collaboration allows users to monitor vital signs like body temperature and heart rate using their smartphones, while maintaining privacy as no personal data is collected. The global event management software market is projected to reach $14.6 billion by 2025, with DPRO positioning itself in a critical segment as health protocols continue to evolve post-pandemic.
Draganfly Inc. (Nasdaq: DPRO) announced the exercise of an over-allotment option for 95,966 common shares at US$4.00 per share, generating additional gross proceeds of US$383,864. This brings the total gross proceeds from the public offering to US$20,383,864. The funds will be utilized for general corporate purposes including ongoing operations, growth initiatives, and research and development. The company filed a prospectus supplement in connection with this offering, ensuring compliance with relevant securities laws.
Draganfly Inc. (NASDAQ: DPRO) announced on September 14, 2021, that Dr. Kevin Kaplan, head team physician for the Jacksonville Jaguars, has joined its Board of Advisors. His expertise will support Draganfly's Vital Intelligence AI technology aimed at enhancing health safety in sports and educational institutions. Dr. Kaplan brings over a decade of experience in athlete care and has served various sports organizations, elevating Draganfly's commitment to health assessment and security solutions.
Draganfly Inc. (NASDAQ: DPRO) appointed Julie Myers Wood, former Assistant Secretary of Homeland Security, as a director effective immediately. Ms. Wood brings over 25 years of regulatory and enforcement experience, enhancing the company’s capabilities in government and public safety sectors. Previously serving in prominent roles within various government agencies, she is currently the CEO of Guidepost Solutions. Draganfly expressed appreciation for Justin Hannewyk, who will focus on his role as President of Dronelogics Systems. This leadership change aims to strengthen Draganfly's market presence and drone innovations.
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