Draganfly Unveils New APEX Drone: The Next Evolution in Military and Law Enforcement Drone Systems
Rhea-AI Summary
Draganfly Inc. (NASDAQ: DPRO) has unveiled its newest product, the APEX Drone, designed for military and law enforcement surveillance operations. This compact, transportable version of the Commander 3XL offers up to 45 minutes of flight time and a 5-pound payload capacity. Key features include:
- Quick-release, exchangeable payload system
- Optional Nvidia onboard computing for AI performance
- Various communication link options, including COFDM
- Designed and manufactured in North America
The APEX drone will debut at the Land Forces Conference in Melbourne, Australia, from September 11-13, 2024, introducing it to the Asia-Pacific defence industry.
Positive
- Launch of new APEX Drone tailored for military and law enforcement needs
- Up to 45 minutes of flight time and 5-pound payload capacity
- Quick-release, exchangeable payload system for operational flexibility
- Optional Nvidia onboard computing for advanced AI capabilities
- Designed and manufactured in North America, meeting high government and military standards
- Global debut at Land Forces Conference, potentially expanding market reach
Negative
- None.
Insights
The unveiling of Draganfly's APEX Drone marks a significant advancement in military and law enforcement drone technology. With its 45-minute flight time and 5-pound payload capacity, the APEX offers impressive capabilities in a compact form factor. The quick-release, exchangeable payload system enhances versatility, allowing for rapid adaptation to various mission requirements.
The optional Nvidia onboard computing is a game-changer, enabling advanced AI algorithms and real-time data processing directly on the drone. This feature could potentially revolutionize surveillance and reconnaissance missions. The COFDM communication link addresses a critical need in military operations, ensuring reliable control in RF-challenged environments.
While the APEX shows promise, its real-world performance and adoption rates will be important in determining Draganfly's market position. Investors should monitor customer feedback and sales figures following the Land Forces Conference debut.
Draganfly's strategic move with the APEX Drone aligns well with the growing global demand for advanced UAV systems in defense and law enforcement. The North American manufacturing aspect is particularly noteworthy, potentially giving Draganfly an edge in securing contracts with Western allies amid increasing geopolitical tensions.
The drone market is highly competitive, but Draganfly's focus on modularity and customization could set it apart. The
Investors should watch for initial orders and partnerships following the Land Forces Conference, as these will be key indicators of market reception and potential revenue impact.
The launch of the APEX Drone could be a pivotal moment for Draganfly's financial outlook. As a NASDAQ-listed company, Draganfly needs to demonstrate strong product innovation and market penetration to justify its valuation. The APEX, targeting the lucrative military and law enforcement sectors, has the potential to significantly boost revenues if successfully adopted.
However, investors should be cautious. Draganfly's financials show a net loss of
Keep an eye on Draganfly's upcoming quarterly reports for indications of APEX's market traction and its effect on the company's bottom line. The success of this product could be important for Draganfly's path to profitability.
SASKATOON, Saskatchewan, Sept. 10, 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 is proud to announce the launch of its newest product, the APEX Drone, designed specifically to meet the demanding needs of military and law enforcement surveillance operations.
The APEX UAV is a direct response to the increasing global demand for a compact, transportable version of the highly respected Commander 3XL. Incorporating feedback from military and law enforcement agencies, the APEX drone is a versatile and powerful solution that offers unmatched portability and modularity without sacrificing performance. Designed and Manufactured in North America, the APEX drone has been built to the high standards of government and military applications, making it an ideal choice for defence and law enforcement missions.
Engineered with up to 45 minutes of flight time and a payload capacity of 5 pounds, the APEX is equipped to handle a variety of mission-critical applications. Its quick-release, exchangeable payload system allows operators to adapt swiftly to changing operational needs. Optional upgrades to onboard computing and communications make the APEX platform a fit for a variety of current and future UAV operations. Available Nvidia onboard computing delivers cutting-edge AI performance to allow users to execute complex AI algorithms and real-time data processing directly on the drone. Additionally, a variety of communication link options are available that include interference-resistant COFDM and multi-channel capabilities, ensuring continuous control and reliable communication in RF-challenged environments.
The APEX drone will debut globally at the Land Forces Conference in Melbourne, Australia, from September 11-13, 2024, where it will be introduced to the Asia-Pacific defence industry. This premier event attracts military leaders, law enforcement, and industry experts, offering a prime platform for showcasing the APEX's capabilities and fostering connections among global defence leaders.
“The APEX represents a significant advancement in our drone technology, delivering a compact yet powerful solution that directly addresses the needs of our military and law enforcement partners,” said Cameron Chell, CEO of Draganfly. “We are excited to showcase the APEX at the Land Forces Conference and are confident that it will set new standards for performance and reliability in the field.”
A Media Snippet accompanying this announcement is available by clicking on this link.
About Draganfly
Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a leading developer of cutting-edge drone solutions, software, and AI systems that revolutionize how organizations operate and serve their stakeholders. With over 25 years of industry experience, Draganfly is recognized as a technology leader, providing innovative solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly’s mission is to deliver efficient, first-class services that save time, money, and lives.
For more information on Draganfly, please visit www.draganfly.com.
For additional investor information, visit CSE, NASDAQ, or Frankfurt Stock Exchange.
Media Contact
Erika Racicot
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 the assertion that the APEX drone can meet the demanding needs of military and law enforcement surveillance operations as well as that its quick-release, exchangeable payload system allows operators to adapt swiftly to changing operational needs. 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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2a12c07e-5343-4918-a550-a14997e1bee8
https://www.globenewswire.com/NewsRoom/AttachmentNg/4cc4b342-cd85-46f4-845f-0a5ca08580dc
FAQ
What are the key features of Draganfly's new APEX Drone (DPRO)?
When and where will Draganfly (DPRO) debut its APEX Drone?
How does the APEX Drone differ from Draganfly's Commander 3XL?
What is the target market for Draganfly's APEX Drone (DPRO)?
