Draganfly Inc. (NASDAQ:DPRO; CSE:DPRO) is a growing trusted provider within Ukrainian government, military and NGOs, circles as well as numerous emergency response teams to provide essential equipment and solutions.
Draganfly is the oldest drone company in America, founded in 1998. With 24 years in the field, it’s the only company that possesses the expertise necessary to operate complex humanitarian missions in a warzone:
- Their next-generation drones are being used in the battlefield to clear mines, perform reconnaissance, deliver medical supplies, and help relieve besieged cities.
- Demand is only going to rise. These drones are useful in three different phases of the Ukrainian war — initial response, clean-up, and rebuilding. There’s at least 20 years of work to do, and billions already pledged to the cause.
- But Ukraine is just the beginning. The market for these drones will expand to include everything from aiding local governments, to federal emergency response teams, to family farms.
Ukraine is the most important place in the world today.
Not just geopolitically — as important as that is. And not just on a humanitarian level.
Ukraine is at the forefront of a vast technological change in warfare — and in technology more broadly. And Draganfly Inc. (Nasdaq:DPRO; CSE:DPRO) drones are at the center of all of it.
Now for the moment, Draganfly’s drones have stayed under the radar, as the news has been dominated by military drones — like Iran’s kamikaze drones, or the Turkish Bayraktar. They have, undoubtedly, changed the battlefield, as Russia is now learning.
Draganfly produces drones for military use such as reconnaissance, surveillance, medical logistics, munitions, humanitarian aid, search and rescue, and mine detection.
Let’s tackle these spheres one at a time.
The First Drone to Save a Life
There’s a Draganfly drone in the Smithsonian — because it’s the first drone to ever save a human life.
Using thermal imaging, LIDAR, optical, and multispectral radio waves, Draganfly drones can spot people in need faster, as it did in 2013 when an individual injured in an automobile accident wandered away from the site in subfreezing weather.
Draganfly’s thermal imaging technology succeeded where ground teams and helicopters had failed. Their Draganflyer X4-ES located the individual in the later stages of hypothermia, dressed only in a t-shirt and pants.1
And the drones can go places that aren’t yet safe for emergency personnel. That means they can point help in the right direction — giving a real-time assessment of needs on the ground.
Draganfly drones can operate from a safe distance, thanks to their advanced tech. Unlike most drones — none in the consumer market, and few outside government in the small UAS catagory — Draganfly drones can maintain strong, secure communication even past line-of-sight, sending gigabytes of data to home base.
This capability was a key factor in why Draganfly was trusted to be first on the scene in the early days of the war.
But it isn’t the only one.
Draganfly also has dedicated medical drones capable of carrying a payload up to 30 pounds, in a climate-controlled environment. They can deliver everything from first aid kits, to plasma and blood. And they can easily get to places that ambulances or other emergency services can’t.
The demand for these state-of-the-art solutions is mounting as donations pour into Ukraine from across the globe:
- USAID has raised more than $1 billion for Ukraine in humanitarian aid.
- The US government ups that commitment to $1.5 billion — dedicated solely to humanitarian aid.2
- The EU has pledged over $500 million for humanitarian aid in Ukraine.3
- And a number of other countries are contributing smaller amounts to the humanitarian effort as well — like Canada, with $75 million to date.4
Altogether, it’s well over $2 billion pledged purely for humanitarian aid in Ukraine — with more likely on the way.
Every Day the War Continues, It Will Take Another 30 Days to Clear All the Mines Laid
The sensors on Draganfly’s reconnaissance drones are extremely sensitive. Some of the higher-end models include magnetometers and ground-penetrating radar.
But, unless you’re looking for ore, that’s usually overkill. Because the standard sensors on Draganfly’s recon units can see just about everything that matters in a battle space.
That includes camouflaged humans, munitions and mines. It even includes changes to vegetation and ground disturbances — to easily spot freshly dug ground.
And Ukraine needs both — especially for the aftermath of the war.
Already, there’s 20 years of work ahead, just de-mining what’s already been put in place — much of it around Kyiv and Lyiv.
And, of the thousands of bombs Russia has dropped so far, about 20% don’t go off. That means there are unexploded munitions scattered throughout the country, posing an obvious danger to civilians.
Even worse, it could have a catastrophic impact on the country’s agriculture.
Ukraine is an agricultural powerhouse. In 2021, it was the fifth-largest wheat exporter, fourth in corn exports, third in both barley and rapeseed, and first in sunflower oil.5 It is often called the breadbasket of Europe.6
Food Exports Make Up 41% of Ukraine’s Total Exports, But The War Has Disrupted All That
Today — even with transport channels open that were closed earlier in the war — Ukraine grain exports are down 33%.
It isn’t just because of active hot zones, or previous battlefields. Sowing the ground with mines has proven as popular in this war as in past ones. And every day — no matter which direction the front line is headed — more of the fields that feed this country, and many others, are filled with mines.
Getting rid of these mines is incredibly important for multiple reasons:
- Avoid injuries and death on the ground.
- Free land to grow food and feed the nation.
- Feed Europe and parts of Africa and Asia as well — keeping the country’s economy afloat.
To that end, Draganfly drones have another useful feature.
With the advanced analytics these drones have, coupled with powerful sensors, they not only tell you where mines are. They tell you where mines aren’t.
In other words, these drones are sophisticated enough to clear a field — without a human ever having to risk life or limb – with no heavy military machinery necessary.
They can detect metal mines or munitions with a quick thermal scan.
They can detect mines made with wood and plastic by taking two thermal sweeps of an area — one in the morning and one in the evening — and then measuring temperature differences.
And they have the capacity to quickly scan an area — covering 100 acres in a single flight, marking areas safe, and marking mines to be dealt with later.
With the mine situation becoming worse, Draganfly is already in talks about spinning up a larger fleet, to help deal with the growing problem.
Such a deal could take Ukraine from about 5% of Draganfly’s revenue, to 50%.
Draganfly Drones are Revolutionizing Medical Care
The company’s leadership has visited Ukraine twice since the war broke out, and is working on the ground with multiple NGOs.
And these drones come at an affordable price, considering the technology involved: $5,000 to $50,000, with only a few top-of-the-line drones hitting the higher prices.
That means Draganfly can fill an important niche, at a fraction of the cost of other solutions, with a tech that can speed up every aspect of rescue work.
And, someday soon, this tech will start trickling into the wider world.
It’s already happening. The Spring Branch, Texas EMS service is using Draganfly drones to assist with emergencies.
In addition to getting supplies where they’re needed seven minutes faster on average, drones also cut down on expenses related to false alarms — which make up about 20% of all calls.
That frees first responders up to get where they’re needed faster.
Innovative Uses in Other Markets
Versatility is at the core of Draganfly’s mission. Rather than create generic drones with quality specs, the company has developed a more personalized business model. Instead, they ask those on the ground what they need, and then design a drone program to fit the purpose.
From commercial delivery drones to drones that can analyze a farmer’s field and assign water, pesticides, and fertilizer where it’s needed, or act as an early warning system for any issues.
And Draganfly’s most advanced drones — with magnetometers and ground-penetrating radar — are already proving very useful in finding ore to mine.
Fire and Rescue
Draganfly has a number of governmental applications, and the technology is now at the point where Draganfly drones are both a faster and more affordable solution.
Fire Services are starting to use Draganfly drones to patrol its forests, covering much more ground than was previously possible.
These drones can measure moisture content in vegetation with enough precision, they can provide an early-warning system for potential hot spots. And when a fire does break out, these drones can deliver firefighting and first aid supplies to dangerous areas, without risking a life or having to necessarily use helicopters.
Getting supplies and tools to a hot spot in 15 minutes is very compelling — when it would normally take hour(s) with an ATV, (if possible at all), and is expensive and dangerous or not available to do by helicopter.
They also can help map a fire quickly, from a bird’s-eye view — key data when fighting massive blazes.
Agriculture
Agriculture is the largest segment of the enterprise drone market – and it keeps getting bigger. In 2014, about a third of U.S. farmers told the Farm Bureau that they either used drones or were “thinking about it.” Just four years later, it jumped to three-quarters.7
The reason for the jump? Family and commercial farms were on the edge.
Crop failure rates have soared as a result of extreme weather, high costs, supply chain woes, and other once uncontrollable environmental factors. But drones are now making many of these concerns obsolete. In Japan, drones the size of insects are doing the work of bees to pollinate flowers.
Draganfly’s drones are already in action across North America – patrolling miles of farmland. They’re monitoring irrigation, looking for crop diseases, spotting areas where pesticides or fertilizer need to be reapplied, and much more.
The company has been so successful that in 2021 the U.S. Department of Agriculture selected the Draganfly Commander for data collection and phenotyping.
If that word is new to you, it’s because this is cutting-edge technology and Draganfly (NASDAQ: DPRO, CSE: DPRO) is in the lead. With phenotyping, aerial cameras can quickly evaluate plant traits that used to take teams of on-the-ground personnel.
Insurance
With extreme weather becoming more common, insurance companies are not only taking a hit on payouts – but they’re also feeling a pinch in manpower.
Brad Clow is a crop operations manager for the insurance company Country Financial. He’s a believer in what drones are capable of:
“In the past, if we had a wind claim on a 200-acre field, we would deploy four to five adjusters to walk that entire field looking for damage. It could take four to five hours. Now we can fly that field and cover that 200 acres within probably 15 to 20 minutes.” 8
Equipped with a suite of sophisticated sensor technology, a Draganfly drone can easily do it in roughly 15 minutes.
More Than a Drone Company
It can’t be stressed enough — while Draganfly’s drones are top-of-the-line, they aren’t what sets the company apart. It is the strength of the analytics built into Draganfly’s software, over the past 24 years.
Draganfly doesn’t consider itself a drone company first and foremost. Instead, it’s better to think of Draganfly as a data company, with a particular specialty in analyzing exactly the sort of data that comes through on its drone sensors.
In truth, it is Draganfly’s capabilities here that could prove the long-term catalyst.
Because selling the hardware — the drones themselves — is a lucrative business, with a 35% profit margin.
But the business related to data — including software and analysis — pulls up to an 85% profit margin, on recurring business.
Drone Demand Spikes On Labor Shortages And Rising Wages
Industries with tight margins like agriculture, mining, and construction need workers for routine tasks. However, data finds that younger adults in rural areas are pursuing other careers.
Workers are becoming scarce and wages are rising. The chart from AgAmerica Lending shows the change from 1950-2000. That’s accelerating in 2022. The work is often hard and dangerous.9
100-acre farms need a lot of surveillance to manage irrigation, fertilizer, weeds, and crop damage. When it comes to 5,000-acre farms, owners need help.
Drones are a versatile, reliable and cost-effective solution. Draganfly’s UAVs can fly over a field or mining site at next to no additional cost.
Farmers today are well-educated and are constantly looking for ways to increase business outputs and profitability. They are learning to program and fly drones themselves. The same shift is taking place in other major markets including construction and mining.
A Global UAV Leader With A Competitive Advantage
While a growing number of drone companies are popping up, they lack something very important: experience.
The award-winning team at Draganfly (NASDAQ: DPRO,CSE: DPRO) is comprised of industry leaders with decades of experience in robotics, aviation and engineering. The company stands out from the rest because it has the know-how, intellectual property (IP), and infrastructure to provide world-class end-to-end solutions.
From quarter to quarter, Draganfly continues to report record revenue and important partnerships with established brands. This is a company leading the way in a sector projected to be a $43 billion juggernaut by 2025, with A CAGR over 15% beyond that.10
But today, this venerable, established leader in the drone sector only has a market cap of $25 million.
That won’t likely remain the case for long.
6 Reasons Draganfly (NASDAQ: DPRO, CSE: DPRO) Is Positioned to Soar
- A Rare Opportunity: As Draganfly (NASDAQ: DPRO, CSE: DPRO) continues to grow, revenue could double, triple, with one even just large contract in Ukraine.
- Impressive Firsts: Draganfly’s Draganflyer X4-ES is the first drone credited with saving a human life. In 2013, it helped Canadian officials locate an injured driver in a heavily wooded area. The drone remains on permanent display in the Smithsonian National Air and Space Museum.
- Super-Leverage Potential: If Boeing adds a million dollars to its drone sales, it would be a 0.002% drop in the company’s $62 billion revenue bucket. The share price would be lucky to rise 3-4% on the news, though anything can happen. Draganfly continues to hit sales milestones with each major contract. The company continues to deliver positive news that is making shares jump.
- A Trusted Name: Draganfly has been driving the future of drones since the pre-drone era. The company has a stellar reputation and a proven track record of success. Draganfly has forged strong relationships with governments and industry leaders worldwide for more than two decades – keeping it in the loop on future business.
- Enviable Assets: 24 issued patents, a 24-year track record of developing award-winning drone solutions, and top-notch billion-dollar clientele all adds up to a big opportunity for early investors.
- Reliable, Cost-Effective Drone Solutions: Whether it’s flying over hazardous terrain or battlefields, mapping resources, locating assets, spreading feed and fertilizer, or carrying small loads, Draganfly’s drones can get the job done faster and at a fraction of the cost.
1.https://www.smithsonianmag.com/air-space-magazine/this-drone-can-save-your-life-180955994/ 2.https://www.usaid.gov/news-information/press-releases/jul-27-2022-usaid-humanitarian-assistance-provided-people-ukraine-surpasses-1-billion 3.https://www.neweurope.eu/article/ukraine-eu-provides-winter-support-and-boosts-humanitarian-aid-by-e175-million/ 4.https://pm.gc.ca/en/news/backgrounders/2022/06/28/additional-canadian-support-ukraine-announced-2022-g7-summit 5.https://www.weforum.org/agenda/2022/07/ukraine-s-food-exports-by-the-numbers/ 6.https://www.weforum.org/agenda/2022/07/ukraine-s-food-exports-by-the-numbers/ 7.http://www.uasmagazine.com/articles/1890/survey-shows-drone-adoption-rate-by-farmers 8.https://ilfbpartners.com/farm/farm-life/why-so-many-farmers-are-using-drones/ 10.https://agamerica.com/blog/the-impact-of-the-farm-labor-shortage/ 11.https://droneii.com/the-drone-market-size-2020-2025-5-key-takeawayshttps://www.mordorintelligence.com/industry-reports/drones-market
IMPORTANT NOTICE AND DISCLAIMER
This article is a paid advertisement. Think Ink Marketing and its owners, managers, employees, and assigns (collectively “the Publisher”) is often paid by profiled companies or third parties to organize marketing campaigns, which include the creation and dissemination of these types of communications. In this case, in an effort to enhance public awareness of Draganfly Inc. (“DPRO”) and its securities, DPRO has provided the Publisher with a budget of approximately $200,000.00 USD to cover the costs associated with creating and distribution of this communication. The Publisher may retain any excess sums after expenses as its compensation. This compensation should be viewed as a major conflict with our ability to be unbiased. Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price may likely occur. This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public and on interviews with company management, and does not (to the Publisher’s knowledge, as confirmed by DPRO) contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information.
SHARE OWNERSHIP.
The Publisher does not own any shares of any profiled company DPRO and has no information concerning share ownership by others of in the profiled company DPRO. The Publisher cautions readers to beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you read the articles on this website and this has the potential to hurt share prices. Frequently companies profiled in such articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases.
FORWARD LOOKING STATEMENTS.
This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to DPRO industry; (b) market opportunity; (c) DPRO business plans and strategies; (d) services that DPRO intends to offer; (e) DPRO milestone projections and targets; (f) DPRO expectations regarding receipt of approval for regulatory applications; (g) DPRO intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) DPRO expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute DPRO business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) DPRO ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) DPRO ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) DPRO ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of DPRO to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) DPRO operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact DPRO business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing DPRO business operations (e) DPRO may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.
INDEMNIFICATION/RELEASE OF LIABILITY.
By reading this communication, you acknowledge that you have read and understand this disclaimer, and further that to the greatest extent permitted under law, you release the Publisher, its affiliates, assigns and successors from any and all liability, damages, and injury from this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.
INTELLECTUAL PROPERTY.
Think Ink Marketing is the Publisher’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Publisher is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks.
IMPORTANT NOTICE AND DISCLAIMER
This website is owned and hosted by Market Tactic Media Ltd. Articles appearing on this website should be considered paid advertisements. Market Tactic Media Ltd. and its owners, managers, employees, and assigns (collectively “the Website Host”) is often paid by marketing companies to host websites on which articles profiling public companies are published. The Website Host has not been compensated by any of the profiled companies. The Website Host’s compensation for articles appearing on this website is as follows:
- The Website Host has been paid approximately $500 per week while the advertisement campaign is active by Think Ink Marketing as compensation to host the article profiling Draganfly Inc..
SHARE OWNERSHIP
The Website Host does not own any shares of any profiled Draganfly Inc. and has no information concerning share ownership by others of any profiled companies and The Website Host cautions readers to beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you read the articles on this website and this has the potential to hurt share prices. Frequently companies profiled in such articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases.
NO SECURITIES OFFERED
The articles on this website are not, and should not be construed to be, offers to sell or solicitations of an offer to buy any security. Neither the articles on this website nor the Website Host purport to provide a complete analysis of any Draganfly Inc. or its financial position. The Website Host is not, and does not purport to be, a broker-dealer or registered investment adviser. The articles on this website are not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the Draganfly Inc.. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the profiled Draganfly Inc.’s SEC and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk.
INDEMNIFICATION/RELEASE OF LIABILITY
By reading articles on this website, you acknowledge that you have read and understood this disclaimer, and further that to the greatest extent permitted under law, you release the Website Host, its affiliates, assigns and successors from any and all liability, damages, and injury from articles appearing on this website. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.
LINKS TO THIRD PARTY WEBSITES
This website enables users to link to external websites not under the control of The Website Host. The Website Host has no control over the nature, content, and availability of those sites. The inclusion of any links is not intended as, and should not be construed as, a recommendation or endorsement of the content or views expressed on such external websites. The Website Host expressly disclaims any representation concerning the quality, safety, suitability, or reliability of any external websites and the content and materials contained in them. It is important for users to take necessary precautions, especially to ensure appropriate safety.
INTELLECTUAL PROPERTY
The Market Tactic is the Website Host’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Website Host is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Website Host to any rights in any third-party trademarks.
FORWARD LOOKING INFORMATION
This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect expectations regarding Draganfly Inc. future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Draganfly Inc. industry; (b) market opportunity; (c) Draganfly Inc. business plans and strategies; (d) services that Draganfly Inc. intends to offer; (e) Draganfly Inc. milestone projections and targets; (f) Draganfly Inc. expectations regarding receipt of approval for regulatory applications; (g) Draganfly Inc. intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Draganfly Inc. expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Draganfly Inc. business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Draganfly Inc. ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Draganfly Inc. ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) Draganfly Inc. ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Draganfly Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Draganfly Inc. operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact Draganfly Inc. business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Draganfly Inc. business operations (e) Draganfly Inc. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.
HISTORICAL INFORMATION
Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Draganfly Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Draganfly Inc. or such entities and are not necessarily indicative of future performance of Draganfly Inc. or such entities.
