Core Insights - Medical drones are increasingly recognized for their rapid response capabilities in emergency situations, particularly in delivering critical medical supplies during public health crises like the COVID-19 pandemic [1] - The Medical Drone Delivery Services Market was valued at approximately USD 245.4 million in 2023 and is projected to grow at a CAGR of 22.3%, reaching USD 1.9 billion by 2032 [1] - Key advancements in drone technology, including battery improvements and navigation systems, are driving the growth of medical drone services [2] Market Overview - The medical drone delivery market is expanding due to enhanced accessibility, improved delivery speed, cost-effectiveness, and technological advancements [1] - The successful implementation of medical drones in regions like Africa and Southeast Asia during the pandemic highlights their potential in healthcare logistics [1] Technological Advancements - Innovations in battery technology, such as lithium-ion and solid-state batteries, have increased the flight time and range of medical drones [2] - High-precision GPS and GNSS technologies enable accurate navigation, while LIDAR and RADAR enhance obstacle detection and safety [2] - Advances in payload technology allow drones to transport a variety of medical supplies, including blood samples and organs for transplantation [2] Company Developments - Draganfly Inc. has completed initial proof-of-concept flights for a drone delivery project in collaboration with Mass General Brigham, aiming to improve healthcare logistics in the Boston metro area [3][4] - The project focuses on minimizing logistical delays in delivering critical medical supplies and laboratory samples [3] - Draganfly's CEO expressed optimism about transforming healthcare logistics through faster and more reliable delivery systems [5] Strategic Partnerships - Red Cat Holdings, Inc. has partnered with Palantir Technologies to integrate advanced navigation software into its drones, enhancing operational capabilities for modern warfare [9][10] - Ondas Holdings Inc. has been designated as a lead commercial partner within the Intelligent Infrastructure Economic Zone in Texas, supporting drone operations for inspections and public safety [11][12] - Unusual Machines, Inc. announced the addition of Donald Trump Jr. to its advisory board, aiming to bolster U.S. drone manufacturing [13][14]

Core Insights - Draganfly Inc. has successfully completed initial flights for a drone delivery project in collaboration with Mass General Brigham, aiming to improve home hospital care logistics [1][2][5] - The project focuses on the greater Boston area, utilizing Draganfly's proprietary drone technology to address healthcare logistics challenges, particularly delays caused by traffic congestion [3][4] - The initiative is part of a broader vision to enhance the delivery of healthcare services directly to patients' homes in a timely and cost-effective manner [4][5] Project Details - The initial phase involved mapping potential routes and conducting test flights within hospital infrastructure, which did not contribute to actual care delivery [2] - The project aims to demonstrate the potential of drone deliveries to ensure timely access to critical medical supplies and laboratory samples, thereby minimizing logistical delays [2][5] Industry Engagement - Draganfly participated in the World Medical Innovation Forum, showcasing technologies related to the medical delivery project, which attracted healthcare professionals and leaders in medical research [6] - The forum provided a platform for discussing advancements in medical technology and healthcare innovations, aligning with Draganfly's goals in the healthcare sector [6] Company Background - Draganfly Inc. is recognized for its cutting-edge drone solutions and has over 24 years of experience in various markets, including public safety and agriculture [7] - The company's commitment to innovation aims to save time, money, and lives globally, positioning it as a leader in the drone technology space [7]

Core Points - Draganfly Inc. has successfully closed an offering of 1,600,000 units, generating gross proceeds of US$3.76 million, with each unit priced at US$2.35 [1] - The offering includes warrants with an exercise price of CA$3.3086 (US$2.35) per share, which are immediately exercisable and will expire in five years [1] - The company plans to utilize the net proceeds for general corporate purposes, including product development, marketing, potential acquisitions, and working capital [4] Offering Details - Maxim Group LLC served as the sole placement agent for the offering [2] - The offering was conducted under an effective shelf registration statement and a Canadian short form base shelf prospectus [5] - A prospectus supplement detailing the terms of the offering was filed with relevant securities commissions [6] Existing Warrants - The company previously issued warrants for 256,000, 540,541, and 666,667 common shares at higher exercise prices, which have now been amended to CA$3.3086 (US$2.35) [3]

Saskatoon, SK., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), a drone solutions, and systems developer, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 1,600,000 units of the Company, with each unit consisting of one common share (or one pre-funded warrant to purchase one common share in lieu thereof) and one warrant to purchase one common share. Each unit was s ...

Draganfly Inc. (NASDAQ:DPRO) Q3 2024 Earnings Conference Call November 14, 2024 5:30 PM ET Company Participants Rolly Bustos – Investor Relations Cameron Chell – President and Chief Executive Officer Paul Sun – Chief Financial Officer Scott Larson – Chairman Conference Call Participants Rolly Bustos Hello and welcome to the Q3 2024 Draganfly Call. We just opened up the call and the attendees are just filing in. So we'll just give it a minute but then we'll get started. Okay. To be respectful of everybody's ...

Draganfly Inc. (DPRO) came out with a quarterly loss of $0.82 per share versus the Zacks Consensus Estimate of a loss of $1.01. This compares to loss of $2.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.81%. A quarter ago, it was expected that this company would post a loss of $1.25 per share when it actually produced a loss of $1, delivering a surprise of 20%.Over the last four quarters, the company has surpassed conse ...

Vancouver, BC., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its third quarter financial results. Key Financial and Operational Highlights for Q3 2024: Revenue for the third quarter of 2024 was $1,885,322 which represents an 8.9% quarter over quarter increase. Product sales of $1,328,675 made up the bulk of the revenue with the remainder c ...

Saskatoon, SK, Nov. 12, 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, announced today that it will host a shareholder update call on, November 14th,2024 at 5:30pm EST Draganfly CEO Cameron Chell will facilitate the shareholder update call and review the Company’s milestones. CFO Paul Sun will review the Company’s financial results for Q3 2024, which are planned to be fil ...

Draganfly's hands-on training at ElevateUAV underscores its commitment to empowering operators with cutting-edge skills to advance UAV applications in critical sectors. Miami, FL, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) ("Draganfly" or the "Company"), an award-winning leader in drone solutions and systems, announces its participation in the upcoming ElevateUAV event, scheduled for November 12-14, 2024, at the FIU Kovens Conference Center in Miami, Florida. Hos ...

Advancements in drone technology to be presented at the leading aviation industry event, fostering crossindustry collaboration. Saskatoon, Sask., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) ("Draganfly" or the "Company"), an award-winning, industry-leading developer of drone solutions and systems, proudly announces its participation in the upcoming Wings of Saskatchewan event in Regina, from October 30 to October 31, 2024. Draganfly will showcase its latest drone ...