Welcome to our dedicated page for Draganfly news (Ticker: DPRO), a resource for investors and traders seeking the latest updates and insights on Draganfly stock.
Draganfly Inc. develops drone solutions, unmanned aerial vehicle systems and related software for defense, public safety, civil, agriculture, industrial inspection, security, mapping and surveying markets. News about DPRO commonly covers product and platform activity across Flex FPV, Commander 3XL, Apex, Heavy Lift and Outrider systems, including selections, deployments, distribution arrangements and technology integrations.
Recurring updates also include quarterly financial results, shareholder update calls, balance-sheet commentary and corporate strategy. Company announcements frequently connect Draganfly's UAV portfolio with defense procurement, autonomous systems, swarming software, payload options and enterprise or government customer channels in Canada, the United States and other markets.
The Drone Racing League (DRL) announced the DRL Vegas Championship Race, the finale of the 2021-22 DRL Algorand World Championship Season, set for January 5, 2022, at T-Mobile Arena in Las Vegas. This high-profile event will feature top drone pilots racing through a custom aerial track at 90 MPH. Sponsored by T-Mobile, the championship will be broadcast on NBC and Twitter in February 2022. Partners such as Algorand and Allianz will integrate unique activations into the event, which aims to showcase technology and entertainment during CES.
Draganfly (NASDAQ: DPRO) has launched its Drone Pilot Training program at Alabama State University (ASU), which is currently in its third week of a nine-week course. The program, aimed at students including those in ROTC and various STEM programs, includes a Federal Aviation Administration (FAA) Part 107 drone preparation course, essential for obtaining a Remote Pilot Certificate. ASU previously collaborated with Draganfly during the pandemic using its Vital Intelligence technology. Plans for commercialization of the training program are set for next year, expanding its reach across universities.
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.