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Draganfly $DFLY.ca $DFLYF Announces Record Revenue in Fourth Quarter and Fiscal 2020 Financial Results $FLT.ca $UAVS $ALPP

Posted by AGORACOM-JC at 9:58 AM on Monday, April 19th, 2021
  • Total revenue for the year ended December 31, 2020, increased by 216.1% to $4.36 million, compared to $1.38 million in 2019

Vancouver, BC., April 19, 2021 — Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (“ Draganfly ” or the “ Company ”), an award-winning, industry-leading manufacturer and systems developer, is pleased to announce its fourth quarter and fiscal 2020 financial results. Revenue growth for the fourth quarter and the year was driven by a combination of organic growth, the acquisition of Dronelogics Systems Inc. (“ Dronelogics ”), and sales from COVID-19 screening products.

The financial year 2020 was another milestone year for Draganfly. The Company successfully closed and integrated its Dronelogics acquisition which, as planned, became the driver of the bulk of Draganfly new product revenue sales. The Company’s main custom engineering customer effectively shut down this portion of its business in Q1 2020 primarily due to COVID-19; however, services revenues were successfully offset by other drone services work. 2020 revenues were up 216% year over year coming in at $4,363,511 versus $1,380,427 in the previous year. $645,756 represents custom engineering services work, $630,532 represents drone services work and the balance of revenue was from its hardware sales.

The Company recently added health monitoring and prevention to its product and service offering. Securing some key clients in this business line was key to proving out this new vertical. These clients were important for validation of this new technology, but more importantly, it demonstrated the Company’s ability to evolve and offer products and services that have global applicability.

Financial Highlights – 2020:

● Total revenue for the year ended December 31, 2020, increased by 216.1% to $4.36 million, compared to $1.38 million in 2019.

● As a result of increased product sales and service revenue, the Company’s gross profit increased by $597,973, or 51.5%. As a percentage of sales, gross margin ( 1) decreased from 84.1% in 2019 to 40.3% in 2020. This shift in gross margin is due to a higher percentage of hardware sales.

● The Company recorded a comprehensive loss of $8,015,709 compared to a comprehensive loss of $11,095,057 in 2019. The decreased loss was largely the result of the lack of listing expense resulting from the 2019 amalgamation and the funds received from the disposition of an investment that had been previously written off.

● The Company’s cash balance on December 31, 2020, was $1.98 million compared to $2.43 million on December 31, 2019.

For the year ended December 31,   2020  2019 
Total revenues $ 4,363,511 $1,380,427 
Gross Profit (as a % of revenues)   40.3% 84.1%
Net loss   (8,015,813) (11,095,057)
Net loss per share ($)     
– Basic   (0.10) (0.23)
– Diluted   (0.10) (0.23)
Comprehensive loss   (8,015,709) (11,095,057)
Comprehensive loss per share ($)     
– Basic   (0.10) (0.23)
– Diluted   (0.10) (0.23)
Change in cash and cash equivalents   (447,063) 2,349,954 
Total assets   7,100,567  3,221,783 
Working capital   1,214,371  2,037,906 
Total non-current liabilities   104,885  93,073 
Shareholder’s equity (deficiency) $ 3,848,205 $2,191,353 
Number of shares outstanding   86,093,361  69,670,613 

Financial Highlights – Fourth Quarter 2020: 

● Revenue for Q4 2020, increased by 202.3% to $1.49 million, compared to $492 thousand for Q4 2019. The substantial increase in revenue is largely due to the Company’s acquisition of Dronelogics and the retail sales and services business that the acquisition brought partially offset by a decrease in custom engineering services due to the downturn caused by COVID-19. 

● Gross margin percentage for Q4 2020 was 22.2% compared to 91.4% in Q4 2019. The decrease is due to the sales mix as product sales tend to have a much lower margin than those of custom engineering services. 

●Total comprehensive loss for the Q4 2020, was $3.74 million compared to $2.03 million for the same period in 2019. The increase was due to higher office and miscellaneous expenses. 

  2020 Q4 2020 Q3 2019 Q4
Revenue$1,486,009 $1,453,905 $491,520 
Cost of goods sold$(1,155,491)$(893,441)$(42,401)
Gross profit$330,518 $560,464 $449,119 
Gross margin – percentage 22.2% 38.5% 91.4%
Operating expenses$(3,359,508)$(2,852,003)$(2,983,115)
Operating loss$(3,028,990)$(2,291,539)$(2,533,996)
Operating loss per share – basic$(0.04)$(0.03)$(0.04)
Operating loss per share – diluted$(0.04)$(0.03)$(0.04)
Other income (expense)$(713,885)$91,228 $506,080 
Comprehensive loss$(3,741,640)$(2,201,543)$(2,027,916)
Comprehensive loss per share – basic$(0.05)$(0.03)$(0.03)
Comprehensive loss per share – diluted$(0.05)$(0.03)$(0.03)

Cameron Chell, CEO of Draganfly, said: “We have seen tremendous growth in the first quarter of 2021 around some key initiatives including education, military, security, mining, telehealth, and our 24hr pathogen sequestration and kill sanitizing spray applied via patented drone technology. The Draganfly team is looking forward to continuing to build on those relationships, technologies, and innovations.” 

Q4 2020 and Q1 2021 milestones include the following: 

● Secured $1 MM flight services contract to deploy EagleEye ™ AI flight services with Windfall Geotek Inc. Windfall Geotek flies mining prospect with magnetometers with data placed into EagleEye ™ and provides recommended targets for mining companies to drill. 

● Raised US$16,450,000 million through the issuance of securities under the Company’s Regulation A offering filed with the U.S. Securities and Exchange Commission. 

● Entered into an agreement with Southern Alberta Institute of Technology to advance UAV delivery technology, which will include (i) designing, developing, and testing of a cargo system for medical delivery to be ‎mounted on a variety of drones including VTOL rotary and fixed-wing platforms, (ii) developing test protocols, operational procedures, and standards for Beyond Visual ‎Line of Sight medical delivery operation within the framework of ‎Transport Canada, US Federal Aviation Agency, and European ‎Union Aviation Safety Agency procedures and protocols and (iii) developing an operational manual for BVLOS operation of heavy lifting and long ‎endurance RPASS to be used for commercial application under an Air ‎Operator’s Certificate. ‎ 

● Partnership with Steve Wozniak’s K-12 program Woz ED to be the exclusive supplier of drones to Woz ED’s drone program across its ‎national K-12 curriculum and received orders for the sale of 2,000 drones. To clarify the Company’s news release dated March 2, 2021, the Company entered into a memorandum of understanding with Woz ED with the objective to create the terms and conditions surrounding a business agreement. The memorandum of understanding automatically terminates after 60 days; however, the Company anticipates entering into a definitive agreement with Woz ED during Q2 2021.

● Talladega College implemented Vital Intelligence Smart Vital assessment platform, Vital Signs Assessment Stations, and Social Distancing awareness technologies to be used campus-wide to detect potential symptoms of COVID-19.

● Portage County Sheriff’s Department deployed Vital Intelligence Technology to be used to pre-screen inmates and detainees before bringing them into detention.

● Barrett-Jackson Auction Company implementing Draganfly’s Safely Opening Sites protocol for its March 2021 collector car auction in Scottsdale, AZ. including patented drone technology of the Varigard one-of-a-kind, revolutionary organic sanitizer that provides up to 24-hour of pathogen sequestration and kill-efficacy.

● Design and deliver Vital Intelligence technology into The 517 Group’s Hospitality and Entertainment Service Organization.

● Selected by Coldchain Technology Services, LLC (“ Coldchain ”) to develop and provide flight services for drone delivery of the COVID-19 vaccine. To clarify the Company’s news release dated December 22, 2020, the Company entered into a letter of intent with Coldchain with the objective to create the terms and conditions surrounding a business agreement for the development of a vaccine delivery payload system and associated flight services. The letter of intent automatically terminates after 90 days; however, the Company anticipates entering into a definitive agreement with Coldchain during Q2 2021.

● Providing engineering and development services for drone-based air support defense system for Integrated Launcher Solutions (“ ILS ”). To clarify the Company’s news release dated January 21, 2021, the Company entered into a memorandum of understanding with ILS with the objective to create the terms and conditions surrounding a project management and development agreement for the production of ILS’s multi-launching air support defense system. The memorandum of understanding automatically terminates after 60 days; however, the Company anticipates entering into a definitive agreement with ILS during Q2 2021.

● Draganfly selected by Knightscope to integrate mobile Vital Sign Screening technology into its autonomous security robots.

● Issued new delivery drone patent for variable center of gravity vertical take-off and landing aircraft. US Patent No. 10,807,707 is an unmanned aircraft system (UAS) configured for both vertical take-off and landing (VTOL) and fixed-wing flight operations includes forward, and aft wing assemblies mounted to the fuselage, each wing assembly including port and starboard nacelles terminating in motor-driven rotors powered by an onboard control system capable of adjusting rotor speeds.

● Closed an acquisition of assets from Vital Intelligence ‎‎Inc. on March 25, 2021, in consideration for (a) a cash payment of $500,000 with ‎‎$250,000 paid at closing and ‎‎‎$250,000 to be paid on the six-month anniversary date of ‎closing; and (b) ‎6,000,000 units of the ‎‎Company with each unit being comprised of one common share of the Company and one common share ‎‎purchase warrant. The units are subject to ‎‎escrow with 1,500,000 units released at closing and the remainder to be released ‎‎upon the Company reaching certain revenue milestones received from the purchased assets. Each warrant entitles the holder to acquire one common share for a period of 24 ‎months at an exercise price of $2.67 per common share and the Company can accelerate the ‎expiry date of the warrants after one year in the event the underlying common shares ‎have a value of at ‎least 30% greater than the exercise price of the warrants.

All financial information in this press release is prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. The Company will file its consolidated financial statements for the year ended December 31, 2020, and associated management discussion and analysis under the Company’s profile on SEDAR at www.sedar.com .

Note 1: this press release refers to “gross margin” which does not have any standardized meaning prescribed by generally accepted accounting principles in Canada (” GAAP “). Gross margin is defined as gross profit divided by revenue and is often presented as a percent. Draganfly’s management believes that gross margin and other non-GAAP measures provide useful information to investors as it provides them with ‎supplemental measures of the Company’s operating performance and liquidity and thus highlights trends in the Company’s ‎business that may not otherwise be apparent when relying solely on GAAP measures. Management also uses non-GAAP measures and ‎metrics in order to facilitate operating performance comparisons from period to period, to prepare ‎annual operating budgets and forecasts and to determine components of executive compensation. For more information with respect to financial measures which have not been defined by GAAP, including reconciliations to the closest comparable GAAP measure, see the “Non-GAAP Measures and Additional GAAP Measures”‎ section of the Company’s most recent MD&A which is available on SEDAR.

About Draganfly

Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the creator of quality, cutting-edge software, and systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 22 years, Draganfly is an award-winning, industry-leading manufacturer and technology developer serving the public safety, agriculture, industrial inspections, security, and mapping and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

For more information on Draganfly, please visit us at www.draganfly.com .
For additional investor information, visit https:// www.thecse.com/en/listings/technology/draganfly inc , https:// www.otcmarkets.com/stock/DFLYF/overview or https:// www.boerse-frankfurt.de/aktie/ draganfly -inc .

Media Contact
Arian Hopkins
Email: [email protected]

Company Contact
Cameron Chell, CEO
PH: 310-658-4413
Email: [email protected]

Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian 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 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 current outbreak of the novel coronavirus known as COVID-19 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 and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, 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. 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.

AGORACOM Small Cap 60: Sheldon Inwentash Is Enthused By Draganfly $DFLY.ca $DFLYF / Windfall Geoteck $WIN.ca $WINKF #AI Landmine Detection Technology $FLT.ca $UAVS $ALPP

Posted by AGORACOM-JC at 11:11 AM on Thursday, March 25th, 2021
IDK-square-for-blog

CLIENT FEATURE: Draganfly $DFLY.ca $DFLYF A 20+ Year Old Technology Developer Specializing In #Drones, #Sensors and #AI $FLT.ca $UAVS $ALPP

Posted by AGORACOM-JC at 3:48 PM on Wednesday, March 24th, 2021

(DFLY: CSE) (DFLYF: OTCQB) (3U8: FSE)

www.draganfly.com

WHY DRAGANFLY?

  • Considered the oldest commercial drone company in the world (1998)
  • Built the first drone that saved a life
  • Boasts the first drone to be inducted into the Smithsonian National Air & Space Museum
  • More than just drones – A technology developer creating drone based solutions
  • Draganfly Commander Drone selected by US Department of Agriculture
  • Developing vaccine drone delivery payload system
  • $2.9M in revenue for first 9 months of 2020
  • Selected to provide engineering and development services for a drone-based Air Support Defense System for Integrated Launcher Solutions
  • Strategic partnership with Woz ED, Apple Co-Founder Steve Wozniak’s K-12 Education program
  • Entering significant growth phase due to multiple revenue streams
  • Clients include: Global law enforcement and Tier-1 Enterprise companies

Signed $1M services deal to deploy EagleEye ™ AI flight services with Windfall Geotek

The North America Unmanned Aerial Vehicle market was valued at $USD 1.7 billion in 2017 and is likely to exceed $USD 7 billion by 2024 (Global Market Insights)

DraganFly and Windfall Geotek Landmines Solution Is a $700M Annual Market Whose Biggest Payoff Is Lives Saved

FULL DISCLOSURE: Draganfly is an advertising client of AGORA Internet Relations Corp.

Draganfly $DFLY.ca $DFLYF Secures One Million Dollar Flight Services Contract $FLT.ca $UAVS $ALPP $WIN.ca $WINKF

Posted by AGORACOM-JC at 9:29 AM on Tuesday, March 23rd, 2021
  • Announced that it has signed a $1M services deal to deploy EagleEye ™ AI flight services with Windfall Geotek Inc. (“Windfall Geoteck”) (TSX-V: WIN) (OTCQB: WINKF).
  • Windfall Geotek flies mining prospect with magnetometers.
  • The data is placed into EagleEye ™ along with other data and provides recommended targets for mining companies to drill.
  • This was traditionally done by fixed-wing aircraft flying mag surveys.
  • Draganfly flies smaller patterns and uses EagleEye’s ™ AI software to get better results and provide better potential targets using the AI data.
  • The mining focus will be on battery metals nickel, zing, lithium, and cobalt.

Los Angeles, CA., March 23, 2021 — Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions, and systems developer, today announced that it has signed a $1M services deal to deploy EagleEye ™ AI flight services with Windfall Geotek Inc. (“Windfall Geoteck”) (TSX-V: WIN) (OTCQB: WINKF).

Windfall Geotek flies mining prospect with magnetometers. The data is placed into EagleEye ™ along with other data and provides recommended targets for mining companies to drill. This was traditionally done by fixed-wing aircraft flying mag surveys. Draganfly flies smaller patterns and uses EagleEye’s ™ AI software to get better results and provide better potential targets using the AI data. The mining focus will be on battery metals nickel, zing, lithium, and cobalt.

Windfall Geotek is a mining services company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005. Windfall Geotek has contractually agreed to have Draganfly provide $1M in flight services over the course of the next year with $500,000 already directly funded and allocated.

“We are excited about this phase of Windfall’s growth with Draganfly. Bringing our two technology and service platforms together is industry-defining as we can provide the most ecologically friendly and in-depth exploration solution in the industry,” said Dinesh Kandanchatha, Chairman of Windfall Geotek. “Together we will transform primary exploration by finding low/zero carbon solutions through AI and drones.”

“We are excited about deepening our partnership with Windfall Geotek,” said Cameron Chell, CEO of Draganfly. “EagleEye ™ is a brilliant and unique offering that leverages Draganfly sensors and drone technology, creating a proprietary digital exploration solution that is both cost-effective and sustainable.”

About Windfall GeotekPowered by Artificial Intelligence (AI) since 2005

Windfall Geotek (TSX-V: WIN), (OTCQB: WINKF) is an Artificial Intelligence company that has been in business for over 15 years developing its proprietary CARDS analysis (AI) and data mining techniques. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall Geotek are calculated to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization. Windfall Geotek’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the Land Mine detection application as a high priority. Windfall has played a part in numerous past discoveries utilizing its methodology as described at: https://windfallgeotek.com/ .

For further information, please contact:

Dinesh Kandanchatha
Chairman
[email protected]
www.windfallgeotek.com

Additional information about Windfall Geotek is available under Windfall Geotek’s profile on SEDAR at www.sedar.com . Neither the TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

About Draganfly

Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software and AI systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 22 years, Draganfly is an award-winning, industry-leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

Steve Wozniak’s K-12 Education Program Woz ED Announces Exclusive Strategic Partnership with Draganfly $DFLY.ca $DFLYF $FLT.ca $UAVS $ALPP

Posted by AGORACOM-JC at 10:51 AM on Tuesday, March 2nd, 2021
  • Draganfly to be the exclusive supplier of drones to Woz ED’s drone program across its national K-12 curriculum
  • Expected deployment of approximately 3000 drones in 2021,Drone design and technical product advisory by Steve Wozniak’s team for proprietary Woz ED drones and drone related products,Collaboration and partnership in a fully funded international innovation center.

Los Angeles, CA, March 02, 2021 — Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (“Draganfly” or the “Company”), award-winning, industry-leading drone solutions, and systems developer, today announced an exclusive strategic partnership with Woz ED, Steve Wozniak’s K-12 Education program.

Partnership scope includes

  • Draganfly to be the exclusive supplier of drones to Woz ED’s drone program across its national K-12 curriculum with the expected deployment of approximately 3000 drones in 2021,
  • Drone design and technical product advisory by Steve Wozniak’s team for proprietary Woz ED drones and drone related products,
  • Collaboration and partnership in a fully funded international innovation center.

The partnership will bring additional product development to Draganfly’s current and future pipeline in addition to re-imagining the future of innovation for drone technologies.

Inspired by Steve Wozniak, the co-founder of Apple (NASDAQ: AAPL), Woz ED provides a personalized approach to nurturing an engineering mindset through hands-on projects.

Woz ED is a model for incorporating the engineering process in the K-12 classroom and accelerating the path to employment for students who choose drones as a career. Students start with an introduction to aviation in Kindergarten and transition to physics of flight and flight skills in middle school. Students may choose elective courses in the Junior and Senior year to enroll in a drone course where students learn the engineering behind a drone, as well as earn their certification. The certification will make the students employable as they leave high school.

The Association of Unmanned Vehicle Systems International projected more than 100,000 new jobs in unmanned aircraft by 2025.

Draganfly will be the exclusive provider of drones as part of the Woz ED qualified for flight curriculum under their STEM programs. Students will gain hands-on experience piloting, and spotting for drone missions, design, and building for drone systems. Draganfly will also help develop further curriculum, career path development and field training for Woz ED students.

“Having an industry leader like Draganfly as a partner will give our kids the opportunity to learn from the best with real life experience and expertise,” said Steve Wozniak, Co- founder of Apple Inc. 

“The military, energy, entertainment, real estate, agriculture, delivery, emergency response and construction sectors have embraced the power and the potential of drone technology, and NASA just landed Ingenuity on Mars! The industry-leading expertise Draganfly brings to this partnership amplifies our offerings in both curriculum and hardware as we expose young people to these booming career opportunities,” said Karen Young, CEO of Woz ED 

“It has been said that Steve Wozniak designed Apple’s first products, the Apple I and II because they didn’t exist and he wanted to use them,” said Cameron Chell, CEO of Draganfly. “We are incredibly honored to be working with Steve and the team at Woz ED because of their bold, disruptive innovation and way of approaching challenges with technology.”

Read More: https://agoracom.com/ir/Draganfly/forums/discussion/topics/756391-steve-wozniak-s-k-12-education-program-woz-ed-announces-exclusive-strategic-partnership-with-draganfly/messages/2306074#message

Draganfly $DFLY.ca $DFLYF CEO Cameron Chell Will Speak at Canaccord Genuity Inaugural Global Sustainability Event $FLT.ca $UAVS $ALPP

Posted by AGORACOM-JC at 9:37 AM on Thursday, February 25th, 2021
  • Cameron Chell, will speak on the Sustainability/Rethinking Impact 2021 panel hosted by Canaccord Genuity.
  • The virtual event takes place on March 4, 2021 at 10AM PST/1PM EST.

Los Angeles, CA, Feb. 25, 2021 — Draganfly Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading manufacturer and systems developer‎, announced today that the CEO of the Company, Cameron Chell, will speak on the Sustainability/Rethinking Impact 2021 panel hosted by Canaccord Genuity.

The virtual event takes place on March 4, 2021 at 10AM PST/1PM EST. Cameron Chell will join a panel to discuss: Rethinking Autonomy and the Drone Economy moderated by Ken Herbert, Managing Director, Canaccord Genuity Equity Research. The panel will focus on drones and their disruptive potential in the package delivery and logistics markets,

“I am honored to be part of Canaccord’s inaugural Global Sustainability Event,” said Cameron Chell, CEO of Draganfly. “Canaccord has put together aligned research across multiple geographies and I look forward to discussing how Draganfly has been a disruptive force in the health tech and drone delivery markets.”

To learn more about the event visit: https://www.canaccordgenuity.com/capital-markets/about-us/events/ .

Read More: https://agoracom.com/ir/Draganfly/forums/discussion/topics/756067-draganfly-ceo-cameron-chell-will-speak-at-canaccord-genuity-inaugural-global-sustainability-event/messages/2305347#message

Limitless Integrations to Utilize Draganfly $DFLY.ca $DFLYF Drones and AI Technology to Integrate Into its Mobile Onsite Detection Platform $FLT.ca $UAVS $ALPP

Posted by AGORACOM-JC at 9:23 AM on Wednesday, February 17th, 2021
  • Announced that it will provide drones and the Vital Intelligence detection AI technology for integration with the patent pending iDENT Mobile Onsight Detection Systems (“MODS”) offered by Limitless Integrations LLC
  • iDENT MODS platform is a self-contained turn-key entrance gateway designed to be rapidly deployed to locations requiring secure high throughput flow with instant secure access into any venue

Los Angeles, CA, Feb. 17, 2021 — Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (“Draganfly” or the “Company”), award-winning, industry-leading drone solutions, and systems developer, today announced that it will provide drones and the Vital Intelligence detection AI technology for integration with the patent pending iDENT Mobile Onsight Detection Systems (“MODS”) offered by Limitless Integrations LLC (“Limitless Integrations”).

The iDENT MODS platform is a self-contained turn-key entrance gateway designed to be rapidly deployed to locations requiring secure high throughput flow with instant secure access into any venue. The iDENT MODS can be utilized at festivals, worksites, military security perimeters, emergency response locations, and any scenario with high traffic volumes that require instant security.

With over 25 years of experience, Limitless Integrations offers its clients high-quality, reliable commercial and industrial physical security and health safety solutions. These solutions are specifically designed to meet the unique demands of venues and facilities of any size.

Draganfly will provide drones, tethered or otherwise for observation and threat detection for the perimeters where the Limitless iDENT MODS platforms are being utilized. The software on the drones can be used for general observation and security including possible weapons detection.

“Draganfly will provide the perfect partnership in enabling our MODS units to have a thorough screening process by way of their Vita Intelligence Technology delivered by drones,” said TJ Dooley CEO and co-founder of Limitless Integrations. “The technology solution that Draganfly offers will enhance the ability for our clients across a multitude of industries to provide a safe experience.”

“Draganfly is honored to have its technology and drones integrated into the incredible Limitless iDENT MODS platform. Helping provide the ability to securely and safely open venues or critical locations such as emergency response scenarios.”

Read More: https://agoracom.com/ir/Draganfly/forums/discussion/topics/755500-limitless-integrations-to-utilize-draganfly-drones-and-ai-technology-to-integrate-into-its-mobile-onsite-detection-platform/messages/2304012#message

VIDEO – DraganFly $DFLY.ca $DFLYF and Windfall Geotek Landmines Solution Is a $700M Annual Market Whose Biggest Payoff Is Lives Saved $FLT.ca $UAVS $ALPP

Posted by AGORACOM-JC at 11:23 PM on Tuesday, February 16th, 2021

DraganFly ($DFLY) and Windfall Geotek ($WIN) have combined world-class drone technology with artificial intelligence to create an “incomparable solution” solving the global landmine epidemic.

With 60 – 110 million landmines needed to be found, the market is estimated to be worth $700M per year … But that pales in comparison to the value of lives that will be saved and economic prosperity created from ridding regions plagued by landmines.

Draganfly $DFLY.ca $DFLYF and Windfall Geotek Advance Testing of Drone-Based #AI Solution for Landmine Detection $FLT.ca $UAVS $ALPP

Posted by AGORACOM-JC at 8:47 AM on Thursday, February 11th, 2021
  • Announced that it has advanced field testing of the EagleEye™ land mine detection solution with Windfall Geotek (TSX-V: WIN) (OTCQB: WINKF).
  • Windfall Geotek is a mining services company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector.
  • This test included joint research, AI development, and engineering support for the development of drones and sensor equipment.

Los Angeles, CA., Feb. 11, 2021 — Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, today announced that it has advanced field testing of the EagleEye™ land mine detection solution with Windfall Geotek (TSX-V: WIN) (OTCQB: WINKF).

Windfall Geotek is a mining services company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector. This test included joint research, AI development, and engineering support for the development of drones and sensor equipment.

Every day approximately 10 people around the world lose their lives or are maimed due to an anti-personnel mine (” APM “). This means that about 4,200 people are hurt or killed worldwide every year of which 35-42% are estimated to be children. It is estimated that there are between 60-110 million landmines in the ground right now and an equal amount is in stockpiles waiting to be planted or destroyed. Approximately 82 countries around the world are contaminated by APMs. Source: United Nations, Office for Disarmament Affairs .

An estimated US$540,000,000 was spent by industry and government in 2018 to deal with this problem of Landmines and Explosive Remnants of war (identify multiple APM and improvised explosive devices (IEDs) in a variety of terrain and contexts). Source: Landmine Monitor Report 2019 .

“Since 2020, Draganfly has invested in new capabilities in drone-based magnetometer technology and other remote sensing equipment,” commented Dinesh Kandanchatha, Chairman of Windfall Geotek. “The depth of the Draganfly engineering team, drone services group, and expert advisory in public safety was instrumental to get us to these first tests.”

“Windfall Geotek is the industry leader in AI-based digital exploration for mining. We now have the right mixture of equipment and data to move to the commercialization of an advanced AI-based platform to help solve the global problem of landmines,” said Cameron Chell, CEO of Draganfly. “The two companies share a mission of saving lives through technology. These tests are critical to helping create a new solution to this age-old problem. The new and expanded revenue streams for both companies in the Defense sector, Public Safety, and other markets are significant and represent an area where combined offering can excel.”

“For years our foundation has support organizations removing land mines, this type of technology and innovation by Draganfly and Windfall is exactly what is needed to solve this global challenge on a massive scale,” said Admiral Hayward, former head of the US Navy and member of the Joint Chiefs of Staff.

Watch the video to learn more.

Dr. Jamie Dwyer, Professor of Medicine at Vanderbilt University Joins Draganfly $DFLY.ca $DFLYF Board of Advisors $FLT.ca $UAVS $ALPP

Posted by AGORACOM-JC at 9:43 AM on Tuesday, February 9th, 2021
  • Subject to customary governance approvals, Jamie P. Dwyer M.D. has joined as a member of the Board of Advisors of Draganfly.
  • Dr. Dwyer is a professor of medicine at Vanderbilt University, President of the Collaborative Study Group, and Co-Founder of Innovative Renal Care. Previously he served on the faculty of Mayo Clinic.

Los Angeles, CA, Feb. 09, 2021 — Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, today announced, subject to customary governance approvals, Jamie P. Dwyer M.D. has joined as a member of the Board of Advisors of Draganfly.

Dr. Dwyer is a professor of medicine at Vanderbilt University, President of the Collaborative Study Group, and Co-Founder of Innovative Renal Care. Previously he served on the faculty of Mayo Clinic.

Dr. Dwyer has extensive experience working with FDA processes in particular devices and software.

Cameron Chell, CEO of Draganfly, said: “We are excited and truly honored to have Dr. Jamie Dwyer join Draganfly’s outstanding Board of Advisors. Dr. Dwyer brings an incredible understanding and experience with FDA processes and will be key in evolving our Vital Intelligence technology.”

“Draganfly has impressed me with the work they have done with their Smart Vital assessment platform and telehealth app. I am honored to assist a company that has built a solid foundation for innovation within the telehealth sector,” said Dr. Jamie Dwyer.

Dr. Dwyer holds an Sc.B degree in mathematics and Latin from Brown University, and an M.D. with Distinction from Brown University Medical School. He trained in Internal Medicine at Mayo Clinic Florida, where he served as Chief Medical Resident. He trained in Nephrology and Clinical Research at VUMC. After a faculty appointment at Mayo Clinic, he joined the Nephrology Division of VUMC in 2008.

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