Friday, March 27, 2020
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.
Read this news
featuring DFLY in full at https://www.investorideas.com/news/2020/technology/03261COVID19-Healthcare.asp
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
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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
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#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.
Read this news
featuring A2Z Tech in full at https://www.investorideas.com/CO/AZ/news/2020/03261COVID19-EssentialService.asp
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.
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
Twitter: @A2Z_Advanced
On Behalf of the Board,
Bentsur Joseph, CEO
Bentsur Joseph, CEO
Investor Relations Contact
Trenton Kwan, KIN Communications
Toll Free: 1-866-684-6730
az@kincommunications.com
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
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Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Get more Defense
Stock Investor Ideas
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.
Read this news
featuring DFLY in full at https://www.investorideas.com/news/2020/technology/03181Stocks-Drones-Coronavirus.asp
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:
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Tuesday, March 17, 2020
#Drone #Stocks Snapshot: Significant #UAV Growth Expected as #Coronavirus Drives Deployment (NASDAQ: $AVAV) (CSE: $DFLY.C) (OTCQB: $DFLYF) (TSXV: $FLT.V) (NASDAQ: $AMZN)
#Drone #Stocks Snapshot: Significant #UAV Growth Expected as #Coronavirus Drives Deployment (NASDAQ: $AVAV) (CSE: $DFLY.C) (OTCQB: $DFLYF) (TSXV: $FLT.V) (NASDAQ: $AMZN)
Point Roberts WA, Delta, BC – March 17, 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.
Read this news featuring DFLY in full at https://www.investorideas.com/news/2020/technology/03171Drones-UAV.asp
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
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