Monday, April 13, 2020

Defense Stock News -Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Patriot One Hires New Chief Operating Officer & President Dietmar Wennemer


Technology Industry Veteran to Lead Product Development & Operations from the Toronto Headquarters

April 13, 2020 TORONTO,–(Investorideas.com Newswire, Homelanddefensestocks.com )-- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), is pleased to announce it has hired technology industry veteran Dietmar Wennemer as the Company’s new Chief Operating Officer (COO) and President.  Mr. Wennemer will begin his role on Monday the 13th of April 2020 at the Company’s Toronto Headquarters, and be responsible for leading the product development and operations efforts.  Mr. Wennemer will report to the Company’s CEO Martin Cronin, who will focus his efforts in corporate and business development, as well as investor and external communications.  



“As we expand the commercialization of our PATSCAN Multi-Sensor Covert Threat Detection Platform in 2020, hiring a tech industry veteran like Dietmar as our Chief Operating Officer and President made perfect sense,” shared Martin Cronin, CEO of Patriot One.  “Our product development and operation teams have done an outstanding job over the past three years in getting our product to market; by adding an experienced Chief Operating Officer and President will help bring greater focus to internal operations and customer delivery.”

Dietmar Wennemer comes to Patriot One from a long successful career in technology, communications and security. Prior to joining the Company, he held the role of Chief Product Officer for Aeryon Labs Inc. and Center ID. Aeryon Labs is part of FLIR Systems, Inc. (NASDAQ: FLIR) and is a leading developer of high-performance unmanned aerial systems (UAS) for the global military, public safety, and critical infrastructure markets. At Center ID, Mr. Wennemer lead product development of CenterCard™- a Visa® Business Debit Cards connected to Center™ SpendOps software that streamlines the expense management in small and medium sized businesses. Prior to these roles, he led product development efforts with BlackBerry/Research In Motion and Siemens. 

As Chief Operating Officer and President, Mr. Wennemer will take on the day-to-day product development and operations of Patriot One. He will work with the Company’s management team on the PATSCAN Platform development of existing and new threat detection solutions including thermal video, as well as deployment, operations, production, and human resources. As CEO, Martin Cronin will remain engaged with his executive team who run corporate and business development, capital markets and investor relations, marketing and communications, and public policy. Both CEO and COO will participate in all Board-level meetings.

“I am very excited to join Patriot One and develop technology that helps to stop violence before bad things happen,” expressed Dietmar Wennemer, Patriot One’s new COO and President. “I have been watching the Company over the past years as it introduced its covert threat detection technology and have been impressed by the Board and Management team’s ability to expand its product offering into a smart multi-sensor platform with advanced AI capabilities to improve commercial and public safety.  I look forward to working with this highly talented team and its key partners as we bring new innovative solutions to market.” 

Respectfully,

“Martin Cronin”

Martin Cronin, CEO

About Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF) (FRA: 0PL):
Patriot One's mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.

For further information, please contact:

Patriot One Technologies Inquiries
info@patriot1tech.com

Investor Relations
John Martin, Patriot One Technologies                                   
+1 (888) 728-1332                                                     
johnm@patriot1tech.com                                                       
                                   
Media Contacts:
Scott Ledingham, Patriot One Technologies                            
+1-613-806-7135                                                       

CAUTIONARY DISCLAIMER STATEMENT:
No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring TSX: PAT is a paid for news release on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
About Investorideas.com
Sign up for free stock news alerts at Investorideas.com





Thursday, March 26, 2020

Breakthroughs in #Tech and #Healthcare Sector From #Coronavirus (COVID-19) (CSE: $DFLY.C) (OTCQB: $DFLYF) (CSE: $SONA.C) (OTC: $SNANF), (NASDAQ: $ZM) (NYSE: $RNG) (NASDAQ: $COST)


Breakthroughs in #Tech and #Healthcare Sector From #Coronavirus (COVID-19) (CSE: $DFLY.C) (OTCQB: $DFLYF) (CSE: $SONA.C) (OTC:  $SNANF), (NASDAQ: $ZM) (NYSE: $RNG) (NASDAQ: $COST)

How #Drones Are Defending Us From Above

Point Roberts WA, Delta, BC  March 26, 2020- Investorideas.com, a leading investor news resource releases a coronavirus (COVID-19) innovation snapshot featuring award-winning drone company Draganfly, Inc. (CSE: DFLY) (OTCQB: DFLYF). The tech and healthcare sectors are witnessing innovation coming to the aid of humanity at a rapid speed, while in parallel, companies providing essential services are seeing record sales.


Looking at the silver lining of the pandemic, investors can see pockets of hope and opportunity, even on some of the worse trading days. In a battle between tech and ingenuity vs. the coronavirus, we can win and set the stage for success against combating future global crises.  

Drone and UAV technology is playing a leading role globally in providing solutions to the coronavirus crisis, with new applications being deployed exponentially. As first witnessed in China, drones are being used to transmit public information, disinfect public places, deliver supplies, deliver test samples, monitor lockdowns, and in surveillance, mapping and more.

Draganfly, Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8) has been at the forefront of drone and UAV technology for over 21 years and is now utilizing that experience to enter the front lines and combat the current coronavirus (COVID-19) pandemic along with future health emergencies.

In breaking news today, Draganfly announced that it has been selected as the exclusive global systems integrator for a project (the “Vital Intelligence Project”) with Vital Intelligence Inc., a healthcare data services & deep learning company, in conjunction with the University of South Australia, using technology developed with help from the Australian Department of Defence Science and Technology Group (the “DST”).

The Vital Intelligence Project is a health and respiratory monitoring platform involving utilizing new and existing camera networks as well as UAVs and RPAS being immediately commercialized for health monitoring and detection of infectious and respiratory conditions including monitoring temperatures, heart and respiratory rates amongst crowds, workforces, airlines, cruise ships, potential at-risk groups, (i.e., seniors in care facilities), convention centers, border crossings or critical infrastructure facilities. The breakthrough technology was developed in a collaboration between the University of South Australia and the DST.

Draganfly, in being selected as the exclusive integration partner on March 25, 2020, executed a binding agreement which has an initial budget of up to $1.5M to utilize its engineering, integration and distribution expertise as well as its secure supply chain for immediate commercialization and deployment of the technology.

Dr. Javaan Chahl, Defence Science and Technology Chair at the University of South Australia said, “The University and Defence supported my team’s efforts to develop automation for use in epidemics and disasters. We had imagined the technology being used in a future relief expedition to some far-away place. Now, shockingly, we see a need for its use in our everyday lives immediately. Draganfly’s industrial know-how is quickly helping us ensure our research can save lives.”

“Draganfly has been selected because of its proven leadership in an industry so important to public safety at such a critical time. We look forward to working with global agencies and industry to rapidly deploy this important technology,” said Cameron Chell, CEO of Draganfly.

Looking directly at the healthcare sector, the race for testing and vaccines is being played out not only by big pharma but smaller companies as well, representing some big gains for small retail investors.   

Draganfly selected to integrate breakthrough health diagnosis technology to detect & monitor COVID19


Sona Nanotech Inc. (CSE: SONA) (OTC: SNANF), a relatively small and unheard of company has seen its stock rise from around $.03 (CAD) to as high as $1.20. 

Sona Nanotech provided an update on March 20 on the development of its rapid-response COVID-19 test. Sona is leading a consortium of diagnostic test developers including GE Healthcare Life Sciences, to create a rapid-response, lateral flow test that will directly identify the COVID-19 virus and provide in-field test results in minutes, without the use of specialized laboratory equipment or technicians.

From the news: “Sona is pleased to report its consortium has achieved a significant milestone in its test development programme by generating an active conjugate which produces a signal when exposed to COVID-19 viral antigens. With the achievement of the positive identification of the viral antigens, the consortium has now commenced development of a functional prototype of the rapid-response test. Sona expects its COVID-19 test to benefit from reduced regulatory and field-testing requirements as announced by several regulatory agencies including in the United States' FDA.”

“Sona's COVID-19 test will offer a unique advantage over other lateral flow tests as it detects the presence of the COVID-19 virus. To date, the only competitive lateral flow tests that have been announced for sale are serological assay tests, which are designed to identify IgM and IgG antibodies present post infection. Serological tests are susceptible to producing false positive and false negative results if a patient is suffering from any one of a variety of unrelated infections (I.e. ear or tooth infection, regular flu, etc.). Sona's test is being developed to indicate a positive result only when the COVID-19 virus is present, allowing for direct and clear interpretation. (For more information on the unique advantages of Sona COVID-19 test over serological tests, see our previous new release dated March 12, 2020).”

How we work, live and play is being changed dramatically but as the pandemic has isolated us, technology is rescuing us, allowing Wall Street deals to be done, yoga classes to continue and DJ’s to host online parties. Zoom Video Communications, Inc. (NASDAQ: ZM) has been a rising star in the tech sector, seeing the stock run to as high as over $164.00. RingCentral, Inc. (NYSE: RNG) is another video conferencing stock on investors’ radar, seeing a 40% run at its peak. 

Zoom’s easy to use cloud-native platform technology is allowing small and large businesses to keep their windows of communication open with their clients and customers. Their voice, chat and content sharing enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations.

Seeing a massive spike in demand for their services, they have set up instructions and resources for less tech savvy business owners on how to work remotely. The support during the COVID-19 pandemic, says the company, “is here to help you most effectively use Zoom as we all navigate the coronavirus pandemic.”
   
As we are witnessing an eruption of innovation, there is also a big demand for the ‘basics” and the big retailers have seen spikes in sales and their stocks followed suit. The coronavirus has also created fear and greed for basic supplies with mad runs on toilet paper, hand sanitizers and meat.

CNBC Mad Money’s Jim Cramer noted, “If we come out of this sooner, then other, small businesses can open. If we come out of this later, there are going to be three retailers in this country. There’s going to be Amazon. There’s going to be Walmart. And there’s going to be Costco.”

Costco Wholesale Corporation (NASDAQ: COST) customers were seeing line-ups down the street in the height of the panic with customers buying pallets of toilet paper before limits were put in place. Even looking further down the road, Costco is considered a recession proof stock in a bear market.       

As Dickens said, “It was the best of times; it was the worst of times.”

We are witnessing the resilience of people, companies and the markets, while in parallel people are fighting over toilet paper. As we look up for hope, we may see a drone servicing and defending our skies.



DFLY Demo

Research more drone stocks at Investorideas.com tech stocks directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring DFLY is a paid for news release on Investorideas.com – third party (two thousand) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Contact Investorideas.com
800-665-0411


TechSectorStocks.com - investing ideas in tech stocks - mobile payments, social media, AI and Robotics, Drone Stocks, GPS, Internet of Things (IoT)



#Defense #Stock News: A2Z Technologies Canada (TSXV: $AZ.V) (FSE: A23.F) Deemed "Essential Service" in Israel and Operations Unaffected in Midst of #COVID-19 ( #Coronavirus) Pandemic; @A2Z_Advanced


#Defense #Stock News: A2Z Technologies Canada (TSXV: $AZ.V) (FSE: A23.F) Deemed "Essential Service" in Israel and Operations Unaffected in Midst of #COVID-19 ( #Coronavirus) Pandemic; @A2Z_Advanced

Vancouver, BC - March 26, 2020 (Investorideas.com Newswire, Homelanddefensestocks.com) A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV:AZ.V) (FSE:A23.F), a pioneer in military robotics, services, and innovation in the auto industry, announces that the Company has been classified as an "essential service" company in Israel, and its business operations continue and remains strong.


Bentsur Joseph, President and CEO of A2Z states, "We wish to reiterate that our core business, working with government agencies, has been classified by the Israeli government as essential, and thus, we are operating at full capacity. We are taking every precaution possible to ensure our employees safety while remaining available to fulfill our various contracts with so many important divisions of the Israeli government, including the Army, Police, Ministry of Defense, among others, all of whom are also deemed "essential services" and remain open, enabling us to fulfill our contracts as per relevant agreements."

Additionally, with the recently completed financing and improved payment terms from our clients, the Company's balance sheet remains strong, enabling it to continue to grow its business.

Bentsur continues, "The Company's cash flow remains strong, and our business is robust, alive, and well. Our Canadian and Frankfurt listings give us the platform to a whole new level of investor exposure and a nexus from which to expand our visibility to promising potential clients within North America and the European Union."

The Company wishes to thank its employees, shareholders, and clients for their strong support, and looks forward to providing material updates on its exciting technologies and business developments in the near future.

BUSINESS OF A2Z
A2Z Technologies Canada Corp. is an innovative technology company based out of Israel, specializing in military technology and expanding into the civilian markets. A2Z has been operating for over 30 years and has a client base with 75 recurring clients, including the Israel Defense Forces, Security Forces, and Ministry of Defence among others. A2Z plans to leverage their cash flow-generating core-business to expand into the civilian robotics and automobile markets.

According to Zion Market Research, the Military Robotics space is expected to reach $53.93B by 2027 for a projected CAGR of 13.5%. (Summary of Report)

Highlights:
Core Business: A2Z's line of products include unmanned remote-controlled vehicles of various sizes designed for intricate bomb disposal, counter terrorism, and fire fighting, as well as energy storage power packs/generators. A2Z also provides maintenance services to both external and in-house complex electronic systems and products to over 75 clients.
A2Z has been an Israel Ministry of Defense contractor for over 30 years and a significant portion of its business is long-term service contracts.

Expansion into Civilian Markets: To drive growth, A2Z plans to adapt its military technologies for the much larger civilian markets. One patent-pending product is a capsule (FTICS) that prevents vehicle fires resulting from collisions. A2Z has also been granted a patent for a smart vehicle cover device that protects automobiles from natural elements while the vehicle is parked and is stowed away safely in the vehicle's bumper when not in use.

Fuel Tank Inertia Containment System (FTICS): In the event of a collision, the FTICS installed into the fuel tank prevents the ignition of fuel, thereby mitigating the spread of fire and explosion, minimizing risk to human life and property damage. According to the NFPA, from 2014 to 2016, an estimated 171,500 highway vehicle fires occurred in the United States, resulting in an annual average of 345 deaths, 1,300 injuries, and $1.1 billion in property loss annually.

A full video explainer of the FTICS technology can be found here: https://vimeo.com/385098839

Management: CEO Bentsur Joseph's previous venture, Comfy Interactive, was acquired by Shamrock Holdings, the family investment firm founded by Roy Disney. Previously, Bentsur Joseph was the chairman of Elad Hotels whose holdings include the Plaza Hotel in New York City.

Bentsur Joseph has a ~64% ownership stake in the business with 30,000,000 shares subject to an escrow agreement.

For more information regarding A2Z, please visit the Company's website atwww.a2zas.com.
Twitter: 
@A2Z_Advanced

On Behalf of the Board,
Bentsur Joseph, CEO

Investor Relations Contact
Trenton Kwan, KIN Communications
Toll Free: 1-866-684-6730
az@kincommunications.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under applicable laws.

SOURCE: A2Z Technologies Canada Corp.

A2Z Technologies Canada Corp (TSXV: AZ) is a featured security and defense stock on Investorideas.com. Visit the profile page to learn more

News Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure -A2Z Technologies Canada Corp. is a paid news and social media client on Investor Ideas starting February 4, 2020 More disclaimer info:
https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp






Wednesday, March 18, 2020

#Drone #Stocks Flying High as #Coronavirus Drives New Applications (NASDAQ: $AVAV) (CSE: $DFLY.C) (OTCQB: $DFLYF) (TSXV: $FLT.V) (NASDAQ: $AMZN)


#Drone #Stocks Flying High as #Coronavirus Drives New Applications (NASDAQ: $AVAV) (CSE: $DFLY.C) (OTCQB: $DFLYF) (TSXV: $FLT.V) (NASDAQ: $AMZN)

Point Roberts WA, Delta, BC – March 18, 2020 - Investorideas.com, a leading investor news resource covering UAV and drone stocks releases a sector snapshot featuring Draganfly, Inc., (CSE: DFLY) (OTCQB: DFLYF), reporting on how drone and UAV companies are accelerating production and solidifying contracts in anticipation of a significant growth year for the industry.


According to the "Drones in the Global Power and Utilities Industry, Forecast to 2030" report, “Drones or unmanned aerial vehicles (UAVs) are currently finding application opportunities across various commercial businesses and are poised to impact multiple industry verticals in various capacities. Drone applications are emerging in various sectors such as agriculture, mining, oil and gas (O&G), construction, utilities and safety & security.”

The report continued, “Technological advancements are making it easier to execute complex and diverse data gathering exercises. Innovation in packaged software products and data visualization makes the process more accessible, efficient and convenient to end-users. The evolution of drones over the last 5 years and the convergence of AI, technological innovations, analytics, and IoT will drive the widespread adoption of drone technology over the course of the next decade.”

This, combined with the  coronavirus (COVID-19) global pandemic which is forcing many governments and companies to re-evaluate the usefulness and necessity of unmanned aerial devices as global populations are being forced indoors, is driving the industry to boost production and shore-up purchase contracts in anticipation of a year full of high demand.

With headlines like “Using drones to detect coronavirus? It’s not as crazy as it sounds,” investors are taking a closer look at drone technology and companies such as Draganfly in the sector.  

Breaking news comes from AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) with a market cap of over $1 Billion and Draganfly, Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8), an award-winning, industry-leading manufacturer within the commercial unmanned aerial systems (“UAS”), remotely piloted aircraft systems (“RPAS”), and unmanned vehicle sectors. They just announced a teaming agreement for Draganfly’s distribution of AeroVironment’s Quantix Mapper systems to commercial markets worldwide. The agreement also includes the continuation of other contract engineering services provided by Draganfly to AeroVironment.

Under the teaming agreement, AeroVironment will provide Draganfly with sales, marketing collateral and product technical support for the Quantix Mapper system. Draganfly will provide e-commerce, enterprise and direct sales operations, and oversee development of a network of resellers and strategic distribution partners worldwide.

Draganfly and AeroVironment completed this teaming agreement in advance of the fast approaching agricultural season in the Northern Hemisphere. Draganfly plans to expand commercial distribution of Quantix Mapper to the Southern Hemisphere over the next year, and to other industries including environmental resource management, oil & gas, construction, insurance, and public safety.

“Quantix Mapper represents the combination of drone operation, high-resolution imaging and geo-tagging into the first ‘drone as an app’ solution that makes data collection as easy as using a tablet computer,” said Rick Pedigo, AeroVironment Vice President of Sales and Business Development. “As a leader in the commercial and first responder drone market, Draganfly is uniquely positioned to deliver the value of Quantix Mapper to customers in multiple market segments to help save lives, protect property, increase productivity and enhance safety.”

“Draganfly has been manufacturing and distributing innovative, multi-rotor and fixed wing drones for commercial applications around the world for 22 years. We were truly impressed with the ease of use, performance, and reliability of AeroVironment’s hybrid Quantix Mapper system,” said Patrick Imbasciani, Draganfly’s Chief Operating Officer.

Patrick Imbasciani, went on to say “Flying 400 acres in less than 45 minutes on one battery is remarkable. Programming flights by simply drawing a shape on a tablet screen map, selecting an altitude, and following a few prompts, is so easy. Built in visual and multispectral sensors and the ability to take off and land almost anywhere, allow this drone to be used for a variety of applications right out of the box. Equally exciting, is the competitive price.”

Quantix Mapper is a simple to use drone, empowering users through its fully-automated operation and instant insight. Its hybrid design allows the aircraft to launch vertically and transition to horizontal flight, maximizing aerodynamic efficiency and range. Users can immediately view high resolution imagery on the included Operating Tablet – no other devices, internet connection or additional software required. With the touch of a button, users can quickly and safely generate up-to-date maps for infield assessment. Whether assessing crop health during key stages, or damage from storm, flood or fire, Quantix Mapper makes it easy to gather accurate images across a large area and assess and react to the situation with precision and speed.



For more information and to order Quantix Mapper, please visit:

Drone Delivery Canada Corp. (TSXV: FLT)(OTCQX: TAKOF) announced on March 4, 2020, further to its press release dated October 23, 2019, that implementation of the DSV Air & Sea Inc. Canada project is well underway and is expected to be operational in March 2020.

On October 23, 2019, DDC announced that it had entered into a commercial agreement with DSV, through its sales agent Air Canada, to provide its drone delivery platform for the use of DSV commencing at DSV's head office in Milton, Ontario. Infrastructure equipment (including DroneSpotTM depots, Battery Management Systems, and Sparrow drones) is currently being installed and numerous successful test flights have already been conducted. The Company expects to begin full operational and revenue-generating flights pursuant to the terms of the Agreement in March 2020. After the initial on-premises route is operational, the Company expects multiple subsequent inbound/outbound routes for DSV's customers with time-sensitive cargo.

"This will be a major milestone for the Company - our first operational, commercialized customer and first revenue. DSV is a global leader in the logistics industry and a perfect fit as a long-term, scalable customer for us," said Michael Zahra, President & CEO of DDC. "DDC continues to lead the drone logistics industry and we have a very strong funnel of global opportunities and expect to see continued customer announcements in 2020 for deployment & revenue generation this year."

Customers pay DDC a monthly fee for each drone route deployed, pursuant to the terms of their respective agreements.

Northrop Grumman Corp (NYSE: NOC) recently announced that the company is pushing for Australia to acquire Triton maritime surveillance drones earlier than planned, after a draft US defence budget proposed a two-year pause in production.

Australia is the only foreign customer for the remotely piloted aircraft, after Germany scrapped a plan in January to buy the Triton drones.

“The proposed pause provides options for Australia to buy the drones cheaper, and hasten opportunities for local suppliers, if it helps to fill the production gap,” said Doug Shaffer, the Vice President of the firm's Triton program.

"The price is a significant savings to Australia," he told reporters, but gave no further details.

A spokesman for Australia's defence department said it was aware of the budget request to the US Congress and was discussing the impact of the proposed pause with the US Navy and Northrop Grumman.

"Until the legislation is approved, the pause on Triton funding is not confirmed," the spokesman added.

Budget papers for fiscal 2021 that were released last month for the US defense department include a two-year production pause for the US Navy in FY2021 and FY2022.

The drones would help boost monitoring activities by Australia, which has the world's third-largest exclusive economic zone after France and the United States, and the world's largest maritime search and rescue region, sprawling over a tenth of the earth's surface.

In 2018, Australia announced plans to invest A$1.4 billion ($921.48 million) to acquire the first of six of the remotely piloted aircraft to step up its anti-submarine warfare and maritime strike capability, alongside its fleet of manned Boeing Co P-8A Poseidon planes.

As part of its investment, Australia entered into a A$200 million cooperative program with the US Navy to develop, produce and maintain the Triton aircraft.

At the time, Australia said it expected the first aircraft to be introduced into service in mid-2023 and all six delivered by late 2025.

“The proposed pause in US production raises the risk that the US Navy will not complete its order for 68 aircrafts, leading to a higher cost for Australia with future improvement costs spread over a far smaller fleet,” said defence analyst, Marcus Hellyer.

"The sunk cost fallacy suggests it could be better to cut our losses and get out now, even if we have spent hundreds of millions already," Hellyer, a senior analyst for Defence Economics and Capability at the Australian Strategic Policy Institute (ASPI), said on its website.

“As of yet, Australia has made no decision to defer any portions of the Triton programme,” the defence spokesman said.

"There are no Australian Tritons currently in production, and no decision has been made by the Australian government to defer elements of the Triton programme," he added.

While overall stock markets have been plummeting, Amazon.com Inc. (NASDAQ: AMZN) stocks have seen a rise as the world seeks to prepare for months indoors. This company has set itself up well for such a crisis with drone delivery, which was discussed in a recent article as governments and companies assess the feasibility of this approach, and nearly fully automated fulfillment centers are placed strategically around the world.

As climate conditions change, global pandemics force a reassessment of security and safety, and technology becomes more affordable and diverse, drone delivery technology companies stand to have an aggressive year in 2020. However, this will depend heavily on these companies taking the proper steps now with regards to production and deployment. 2020 very well could be the year where unmanned vehicles finally take center stage, rather than hovering on the sidelines.

Research more drone stocks at Investorideas.com tech stocks directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring DFLY is a paid for news release on Investorideas.com – third party (two thousand) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Contact Investorideas.com
800-665-0411