#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
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