Super heavy-lift launch vehicle

Draganfly Announces Record Third Quarter Results of 2023

Retrieved on: 
Thursday, November 9, 2023
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Vancouver, BC., Nov. 09, 2023 (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 pleased to announce its third quarter financial results.

Key Points: 
  • Vancouver, BC., Nov. 09, 2023 (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 pleased to announce its third quarter financial results.
  • Gross profit for Q3 2023 was $894,683 up 42.7% from the same period last year primarily driven by higher product sales.
  • The Company recorded a comprehensive loss of $5,530,248 in the third quarter of 2023 compared to $4,992,533 in the same period of 2022.
  • Draganfly will hold a shareholder update and earnings call on November 9, 2023, at 2:30 p.m. PDT / 5:30 p.m. EDT.

Billion Dollar Intelligent Drone Market Is Booming as Adoption Increases for Wide-Range of Industries

Retrieved on: 
Wednesday, September 27, 2023
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PALM BEACH, Fla., Sept. 27, 2023 /PRNewswire/ -- The intelligent drone market is expected to grow rapidly in the coming years, driven by the increasing adoption of drones in a wide range of industries, including commercial, consumer, and government. Intelligence is a key driver of growth in this market, as it enables drones to perform more complex tasks and operate in more challenging environments. A report from PRAGMA Market Research projected that the Intelligent Drone Market which was valued at USD 19.89 billion in 2022 and is expected to reach USD 57.16 billion by 2030, growing at a compound annual growth rate (CAGR) of 13% during the forecast period.  The report said: "The intelligent drone market is being driven by a number of factors, including: Increasing adoption of drones in commercial and government applications: Drones are increasingly being used in a variety of commercial and government applications, such as aerial photography and videography, surveying and mapping, inspection, and delivery. Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods.  Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors. These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones.  Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), AeroVironment (NASDAQ: AVAV), Boeing (NYSE: BA), Ambarella, Inc. (NASDAQ: AMBA).

Key Points: 
  • Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods.
  • Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors.
  • These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones.
  • Growing demand for consumer drones: Consumer drones are becoming increasingly popular, and there is significant potential for growth in this market.

Billion Dollar Intelligent Drone Market Is Booming as Adoption Increases for Wide-Range of Industries

Retrieved on: 
Wednesday, September 27, 2023
Intelligence, PALM, Kratos Defense & Security Solutions, GAAP, Temperature, AeroVironment, Acquisition, Air travel, NEWS, R, News, NYSE, Ambarella Inc., Hypersonix Launch Systems, FNM, FSE, Research, USD, Commander, Growth, Security (finance), XL, Loss, NOT, CSE, AE, Energy Independence and Security Act of 2007, CMO, MAX, Government, Heavy lift, Family, BA, Agriculture, Form 10-K, Super heavy-lift launch vehicle, DART, NEVER, Mining, ANY, Radioisotope Production Facility, UAV, AI, Annual report, Cryptocurrency, Airline, Saskatoon, Boeing

PALM BEACH, Fla., Sept. 27, 2023 /PRNewswire/ -- The intelligent drone market is expected to grow rapidly in the coming years, driven by the increasing adoption of drones in a wide range of industries, including commercial, consumer, and government. Intelligence is a key driver of growth in this market, as it enables drones to perform more complex tasks and operate in more challenging environments. A report from PRAGMA Market Research projected that the Intelligent Drone Market which was valued at USD 19.89 billion in 2022 and is expected to reach USD 57.16 billion by 2030, growing at a compound annual growth rate (CAGR) of 13% during the forecast period.  The report said: "The intelligent drone market is being driven by a number of factors, including: Increasing adoption of drones in commercial and government applications: Drones are increasingly being used in a variety of commercial and government applications, such as aerial photography and videography, surveying and mapping, inspection, and delivery. Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods.  Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors. These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones.  Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), AeroVironment (NASDAQ: AVAV), Boeing (NYSE: BA), Ambarella, Inc. (NASDAQ: AMBA).

Key Points: 
  • Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods.
  • Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors.
  • These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones.
  • Growing demand for consumer drones: Consumer drones are becoming increasingly popular, and there is significant potential for growth in this market.

Draganfly Officially Launches its New Manufacturing and Production Facility in Saskatoon

Retrieved on: 
Wednesday, September 27, 2023
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Saskatoon, SK., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), award-winning, industry-leading drone solutions, and systems developer, is pleased to announce its new manufacturing and production facility in Saskatoon has officially opened and extend our gratitude to all our distinguished guests who celebrated this milestone with us. 

Key Points: 
  • Saskatoon, SK., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), award-winning, industry-leading drone solutions, and systems developer, is pleased to announce its new manufacturing and production facility in Saskatoon has officially opened and extend our gratitude to all our distinguished guests who celebrated this milestone with us.
  • The Company is deeply honored that guests, including industry leaders, local officials, and valued partners, joined the ribbon-cutting ceremony to mark the official launch of this state-of-the-art manufacturing and production facility.
  • The Saskatoon facility promises to enhance manufacturing capabilities, streamline assembly processes, support R&D capabilities, and optimize integration procedures to establish a fresh approach to efficiency and innovation.
  • This investment will further build and protect this province’s economic future.”
    "Inaugurating the Saskatoon facility marks a pivotal moment for Draganfly as we embark on a journey of elevated manufacturing standards.

Draganfly to Celebrate Grand Opening of New Manufacturing and Production Facility in Saskatoon

Retrieved on: 
Thursday, September 21, 2023
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Saskatoon, SK., Sept. 21, 2023 (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 pleased to announce the grand opening of its new manufacturing and production facility in Saskatoon, which will take place on September 26, 2023.

Key Points: 
  • The opening of this new facility will help Draganfly achieve its commitment to meet the increasing market potential for its products and solutions.
  • Saskatoon, SK., Sept. 21, 2023 (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 pleased to announce the grand opening of its new manufacturing and production facility in Saskatoon, which will take place on September 26, 2023.
  • The opening of this new facility will help Draganfly achieve its commitment to meet the increasing market potential for its products and solutions.
  • This facility will help advance manufacturing capabilities, streamline assembly processes, deepen R&D capabilities, and optimize integration procedures.

Draganfly's New Expanded Manufacturing and Production Facility in Saskatoon is Set to be Operational in Q3

Retrieved on: 
Thursday, August 3, 2023
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Los Angeles, CA., Aug. 03, 2023 (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 pleased to announce its new manufacturing facility in Saskatoon, Saskatchewan is scheduled to come online in Q3. This expansion is part of Draganfly's commitment to meeting the increasing market potential for products and solutions.

Key Points: 
  • The new Saskatoon facility will help Draganfly meet the rising demand for UAV systems.
  • With the incorporation of expanded manufacturing footprint and streamlined processes, the Saskatoon facility will enhance core manufacturing, assembly, integration, and quality control operations.
  • As a result, the facility will increase production capacity while creating new opportunities to develop exciting new products and solutions.
  • "We are excited for our new Saskatoon facility to come online to meet the immediate and ongoing demand."

Draganfly to Speak at Law-Tech Connect™ Panel During AUVSI XPONENTIAL 2023

Retrieved on: 
Tuesday, May 2, 2023
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Los Angeles, CA., May 02, 2023 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer is pleased to announce its participation in the second annual AUVSI XPONENTIAL 2023 and the Law-Tech Connect™ panel, produced by P3 Tech Consulting LLC (“P3 Tech”).

Key Points: 
  • Los Angeles, CA., May 02, 2023 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer is pleased to announce its participation in the second annual AUVSI XPONENTIAL 2023 and the Law-Tech Connect™ panel, produced by P3 Tech Consulting LLC (“P3 Tech”).
  • Draganfly’s Heavy Lift Drone is a versatile, industrial, multirotor unmanned aerial vehicle (UAV) that is designed to lift more and fly further.
  • “I’m excited for the opportunity to join so many phenomenal experts on this panel at XPONENTIAL ‘23,” said Cameron Chell, President and CEO of Draganfly.
  • Draganfly was recently featured on the Dawn of Drones podcast on February 1, 2023.

SpaceX launches most powerful rocket in history in explosive debut – like many first liftoffs, Starship's test was a successful failure

Retrieved on: 
Thursday, April 20, 2023
Acceleration, Saturn V, Failure, Orbit, Moon, Organization, Saturn, NASA, Collection, Time, Gulf of Mexico, Virgin Orbit, Artemis, Super heavy-lift launch vehicle, Relativity Space, Super Heavy, Communications satellite, Nightclub, Mars, SpaceX, Starship

On April 20, 2023, a new SpaceX rocket called Starship exploded over the Gulf of Mexico three minutes into its first flight ever. SpaceX is calling the test launch a success, despite the fiery end result. As a space policy expert, I agree that the “rapid unscheduled disassembly” – the term SpaceX uses when its rockets explode – was a very successful failure.The most powerful rocket ever builtStarship is the most powerful rocket ever developed and is designed to be fully reusable.

Key Points: 


On April 20, 2023, a new SpaceX rocket called Starship exploded over the Gulf of Mexico three minutes into its first flight ever. SpaceX is calling the test launch a success, despite the fiery end result. As a space policy expert, I agree that the “rapid unscheduled disassembly” – the term SpaceX uses when its rockets explode – was a very successful failure.

The most powerful rocket ever built

    • Starship is the most powerful rocket ever developed and is designed to be fully reusable.
    • The first stage is designed to get the rocket to about 40 miles (65 kilometers) above Earth.

An explosive first flight

    • If it had been successful, once the first stage was spent, it would have separated from the upper stage and crashed into the Gulf of Mexico.
    • Starship would then have continued on, eventually crashing 155 miles (250 kilometers) off of Hawaii.
    • During the SpaceX livestream, the team stated that the primary goal of this mission was to get the rocket off the launch pad.
    • All modern rockets have mechanisms built into them that allow engineers to safely destroy the rocket in flight if need be.

Success or failure?

    • In the past two years, both South Korea and Japan have attempted to launch new rockets that also failed to reach orbit.
    • Commercial companies such as Virgin Orbit and Relativity Space have also lost rockets recently.
    • None of these were crewed missions, and in most of these failed launches, flight engineers purposefully destroyed the rockets after problems arose.