Core Insights - Tonner Drones highlights a significant operational milestone achieved by Elistair, a strategic participation in which the company holds approximately 10% of the capital and a seat on the Board of Directors [1] Group 1: Project Pendragon - Elistair successfully participated in field tests for Projet Pendragon, a high-profile initiative led by the AMIAD and CCF, demonstrating the integration of Elistair's Khronos DroneBox with H2X-Defense's Hermione UGV [2] - The technical evaluation confirmed that the combined system offers a tactical advantage, with the UGV providing mobility and ground-level vision, while the Khronos tethered drone offers persistent aerial surveillance at altitudes of up to 60 meters [3] Group 2: Strategic Communication - This update follows a communication strategy initiated by Tonner Drones in December 2025, focusing on the growth of its participation in Diodon, with 2026 positioned as a year of growth [4] - The CEO emphasized Elistair's success in Projet Pendragon as a demonstration of its position as a Tier-1 partner for French defense innovation, linking the valuation of Tonner Drones to the capabilities of its strategic participations [5] Group 3: Company Overview - Tonner Drones develops technologies for the logistics sector and holds stakes in promising French drone manufacturers like Elistair and Donecle, aiming to increase the value of its shareholdings through active asset management [6] - The company does not plan to own a factory but is committed to retaining R&D for its products and systems in France, utilizing an active strategy to manage its treasury [6]