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.
Draganfly Inc. (NASDAQ: DPRO) has launched the "Why I Fly" video series in partnership with the Drone Racing League (DRL), focusing on the journeys of elite drone pilots. Set to air during the 2021-22 DRL World Championship Season, the series highlights the pilots' training and competition strategies. Additionally, Draganfly introduced DRL Labs for advanced drone technology research. A newly established sponsorship deal with Trophy Truck will enhance product development and marketing efforts, valued at $600,000 annually. Draganfly aims to lead in drone innovations.
Draganfly (NASDAQ: DPRO) has conducted over 300 successful daytime drone delivery test flights with emergency medical services (EMS) personnel in Texas. The company is entering night flight training as part of a partnership with Coldchain Technology Services. The initiative aims to enhance emergency response capabilities by training drone operators to manage deliveries of medical supplies in critical situations. Draganfly's innovative payload box can carry up to 15 pounds of temperature-sensitive medical supplies. The data from current tests will be submitted to the FAA for future operational approval.
Draganfly (NASDAQ: DPRO) will present at the Benzinga October Global Small Cap Conference on October 28, 2021, at 11:10 AM EST. The virtual event, taking place from October 27-28, bridges small cap companies with investors and traders, offering insights on leadership and business strategies. Draganfly has established itself as a leader in drone solutions, collaborating with organizations like the Drone Racing League and securing agreements with Digital Dream Labs and Valqari. Attendees can register to gain critical industry insights.
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.