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Draganfly to Host Shareholder Update Call on May 8, 2025
Globenewswire· 2025-05-06 19:14
Core Viewpoint - Draganfly Inc. will host a shareholder update call on May 8, 2025, to discuss Q1 2025 milestones and financial results [1][2] Company Overview - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the drone technology sector [3] - The company provides solutions for various sectors including public safety, agriculture, industrial inspections, security, mapping, and surveying [3] - Draganfly is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives [3]
Draganfly Announces Pricing of US$3.6 Million Underwritten Public Offering
Globenewswire· 2025-05-02 12:30
Core Points - Draganfly Inc. announced a public offering of 1,715,000 units at a price of US$2.10 per unit, aiming for gross proceeds of approximately US$3.6 million [1][3] - Each unit consists of one common share and one warrant, with the warrants having an exercise price of CA$3.9779 (or US$2.875) and expiring five years after issuance [1] - The company plans to use the net proceeds for general corporate purposes, including product development, marketing, potential acquisitions, and research and development [3] Offering Details - The offering is managed by Maxim Group LLC as the sole book-running manager [2] - The offering is subject to customary closing conditions, including regulatory approvals from the Canadian Securities Exchange and Nasdaq [4] - The offering is made under an effective shelf registration statement and will only be offered in the United States, with no sales to Canadian purchasers [5] Company Background - Draganfly is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the industry [8] - The company provides solutions for various sectors, including public safety, agriculture, industrial inspections, security, mapping, and surveying [8]
Draganfly Announces Proposed Public Offering of Common Shares & Warrants
Globenewswire· 2025-05-01 20:05
Core Viewpoint - Draganfly Inc. has initiated an underwritten public offering in the United States, which includes units of common shares and warrants to purchase common shares, subject to market conditions [1][3]. Group 1: Offering Details - The offering is managed by Maxim Group LLC as the sole book-running manager [2]. - The net proceeds from the offering will be used for general corporate purposes, including funding new product capabilities, growth initiatives, working capital, and ongoing development and marketing of core products [2]. - The offering is contingent upon customary closing conditions, including necessary regulatory approvals from the Canadian Securities Exchange and The Nasdaq Stock Market [3]. Group 2: Regulatory and Legal Framework - The offering is made under an effective shelf registration statement on Form F-10, previously filed with the U.S. Securities and Exchange Commission (SEC) [4]. - A preliminary prospectus supplement will be filed with applicable securities commissions in Canada and the SEC, detailing the terms of the offering [5]. Group 3: Company Background - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the drone technology sector [7]. - The company provides solutions for various sectors, including public safety, agriculture, industrial inspections, security, mapping, and surveying [7].
Draganfly and Autonome Labs Announce Teaming Agreement to Deliver UAV-Based Demining Mesh Deployment Solution
Globenewswire· 2025-05-01 11:15
Tampa, FL, May 01, 2025 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) ("Draganfly" or the "Company") an industry-leading developer of drone solutions and systems is pleased to announce a strategic teaming agreement with Autonome Labs, a humanitarian tech innovator, to develop an integrated aerial deployment solution for M.A.G.I.C, (Mine and Ground Inert Clearance) Autonome’s groundbreaking mesh-based demining system. The collaboration will pair Draganfly’s Heavy Lift drone platfor ...
Top Drone Technology Stocks to Augment Your Portfolio Returns
ZACKS· 2025-04-28 14:31
Industry Overview - Drone technology has evolved from military applications to a disruptive force in various industries, including agriculture, logistics, and construction, providing real-time data collection and autonomous delivery solutions [1][3] - The global drone tech market is projected to grow at a CAGR of 14.3% from 2025 to 2030, while the commercial drone market is expected to grow at a CAGR of 20.8% from 2025 to 2032, driven by the adoption of small UAVs for commercial applications [5] Technological Advancements - The integration of AI and advanced technologies like 5G has enhanced the capabilities of modern drones, allowing for autonomous navigation and improved real-time data transmission [2] - Drones are being utilized in agriculture for crop monitoring and irrigation, in construction for site surveys and inspections, and in logistics for last-mile deliveries [3] Key Companies - Draganfly, Inc. (DPRO) is actively involved in various sectors, including agriculture and public safety, with a focus on commercial drone solutions [4] - Ondas Holdings Inc. (ONDS) designs and markets drone solutions for industrial and government applications [4] - Red Cat Holdings, Inc. (RCAT) specializes in robotic hardware-software integration for military and commercial uses, with recent acquisitions enhancing its product portfolio [7] - Kratos Defense & Security Solutions, Inc. (KTOS) provides high-performance unmanned aerial target drone systems and has secured significant contracts with the U.S. Navy and Air Force [10][12] Recent Developments - Draganfly launched the APEX Drone, designed for portability and dual payload capabilities, positioning the company for growth in both commercial and military markets [13] - Kratos secured a $59.3 million contract for the production of BQM-177A Subsonic Aerial Target aircraft, part of a larger $227.6 million contract, indicating strong demand for its products [12] - Red Cat is collaborating with Palantir to enhance its drone capabilities for military applications, integrating advanced navigation software into its systems [8]
Global Agriculture Drones Market Projected to Reach $8.03 Billion By 2029 with Significant Growth Still Expected
Newsfilter· 2025-04-24 12:30
Industry Overview - The global agriculture drones market is projected to grow from $2.01 billion in 2024 to $8.03 billion by 2029, indicating significant growth potential driven by the adoption of aerial data collection tools in agriculture [1] - The cereals and grains segment is experiencing substantial growth, with drones playing a crucial role in optimizing yields through aerial surveys, crop health monitoring, and soil condition assessments [2] - The overall agriculture drone market is expected to grow from $6.10 billion in 2024 to $23.78 billion by 2032, at a CAGR of 18.5%, fueled by demand for precision agriculture and advancements in drone technology [4] Company Developments - ZenaTech, Inc. has received FAA Part 137 approval for its ZenaDrone 1000, allowing it to conduct commercial agricultural operations, including crop spraying and precision agriculture [2][3] - ZenaTech plans to utilize a Drone as a Service (DaaS) model to sell its solutions, targeting larger commercial farms and agribusinesses [2] - Unusual Machines, Inc. reported a fourth-quarter revenue of over $2.0 million, marking a 31% increase quarter-over-quarter, with total revenue for FY2024 reaching $5.65 million, exceeding its target by 13% [11] Technological Advancements - The ZenaDrone 1000 features advanced technology, including AI, sensors, and purpose-built attachments for crop spraying, designed for stable flight and heavy lift capabilities [5][6] - Sidus Space has unveiled a near real-time vessel detection and classification capability through its LizzieSat® satellite platform, enhancing space-based maritime intelligence [12][13] - AgriFORCE Growing Systems Ltd. has made progress in its Radical Clean Solutions division, receiving a U.S. patent for a chemical-free solution to reduce mold and extend the shelf life of produce [14][15][16]
Draganfly Establishes Public Safety Advisory Board, Appoints Homeland Security and Law Enforcement Expert Paul Goldenberg as Chair
Globenewswire· 2025-04-16 11:15
Core Viewpoint - Draganfly Inc. has established a Public Safety Advisory Board to enhance its commitment to innovative technologies for public safety and law enforcement, with Paul Goldenberg as the inaugural Chair [1][5]. Company Overview - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of experience in providing technology for various sectors including public safety, agriculture, and industrial inspections [6]. Leadership Appointment - Paul Goldenberg, a recognized expert in public safety and homeland security with over 30 years of experience, has been appointed as the Chair of the Public Safety Advisory Board [2][4]. - Goldenberg's previous roles include advising U.S. Presidents and leading significant initiatives in the Department of Homeland Security [2][3]. Strategic Importance - The formation of the Public Safety Advisory Board is a strategic move to strengthen Draganfly's capabilities in providing innovative solutions that support law enforcement agencies [5]. - The appointment of Goldenberg is expected to advance Draganfly's mission to deliver AI-powered drone technologies that enhance situational awareness and operational efficiency for law enforcement [4].
Surge In Global Defense Budgets Having Significant Impact On The Global Military (UAS) Drone Market
Newsfilter· 2025-04-10 14:45
Industry Overview - The global unmanned aerial system (UAS) military drones market is experiencing steady growth, driven by rising global defense budgets and geopolitical tensions [1] - Nations are investing in advanced UAS to enhance defense and security capabilities, particularly in regions like Asia-Pacific, the Middle East, and Eastern Europe [1] - Military drones are becoming integral to modern defense strategies, supporting surveillance, intelligence, and tactical operations [1] North America Market Leadership - North America, led by the United States, dominates the military drone market due to significant investments in advanced military technologies and a strong defense budget [2] - The U.S. military is the largest operator of drones, focusing on developing state-of-the-art systems for various missions, including surveillance and combat [2] - Key industry players in the U.S. include General Atomics and Northrop Grumman, which contribute to the technological edge of U.S. military drones [2] Draganfly Inc. Developments - Draganfly Inc. has entered a multi-year agreement with SafeLane Global to provide landmine mapping drones and aerial survey services [2][4] - The partnership aims to enhance the speed, accuracy, and safety of explosive threat detection and removal operations in high-risk environments [4][7] - Draganfly's technology will support humanitarian and defense efforts, particularly in mine-affected regions like Ukraine [5][6] Unusual Machines, Inc. Performance - Unusual Machines reported over $2.0 million in revenue for Q4 2024, marking a 31% quarter-over-quarter increase and the best revenue quarter to date [9] - The total revenue for FY2024 reached $5.65 million, exceeding the target of $5 million by 13% [9] - The company achieved this growth without customer concentration, with no single customer representing more than 5% of total revenue [9] Kratos Defense & Security Solutions Initiatives - Kratos announced the groundbreaking of its Hypersonic System Indiana Payload Integration Facility, a 68,000-square-foot complex to support hypersonic vehicle activities [10] - This facility aims to enhance the U.S. hypersonic infrastructure and accelerate testing capabilities for advanced hypersonic technologies [11] General Dynamics Information Technology Collaboration - General Dynamics Information Technology has expanded its partnership with Amazon Web Services to drive digital modernization and advance government missions [13][14] - The collaboration will focus on developing cybersecurity, artificial intelligence, and cloud migration solutions for defense and intelligence agencies [14]
Draganfly and SafeLane Global Enter into Multi-Year Agreement with Draganfly as the Preferred Global Provider of Landmine Mapping Drones and Aerial Survey Services
Globenewswire· 2025-04-10 11:15
First Ukraine Landmine Aerial Survey Contract Underway Tampa, FL, April 10, 2025 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an industry-leading developer of drone solutions and systems, today announced that it has been selected by SafeLane Global Ltd. (“SafeLane”) as its preferred unmanned aerial systems (UAS) and aerial survey provider. SafeLane, a world-renowned specialist in explosive threat mitigation, is one of only two private organizations ...
Balko Technologies Enters into Agreement with Draganfly for Integration of Advanced Modular LiDAR Drone Solutions; Multiple Orders Placed
Globenewswire· 2025-04-09 11:15
Tampa, FL, April 09, 2025 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (“Draganfly” or the “Company”), an industry-leading developer of drone solutions and systems, is pleased to have been selected as the primary UAS provider by Balko Technologies, an industry-leading company specializing in the design and manufacture of high-performance LiDAR payloads and post-processing software. This announcement follows the integration and testing of Balko LiDAR products on the Draganfly Commander 3XL and Apex UAS, ...