Los Angeles, California, January 13, 2021 (GLOBE NEWSWIRE) – Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (Draganfly or the company), an award-winning, industry-leading manufacturer and developer Systems, today announced that the company has begun the process of preparing to list its common shares on the NASDAQ Capital Market (NASDAQ).
The Company has engaged a New York-based investment bank to initiate the NASDAQ listing process. The NASDAQ is a mark of achievement and stature for qualified companies. Listed companies must meet financial and liquidity requirements and meet corporate governance and disclosure requirements on both an initial and ongoing basis.
Listing of the Company’s common shares on NASDAQ is subject to NASDAQ approval and the Company’s ability to meet all applicable registration and regulatory requirements. While the Company intends to meet all applicable listing criteria, there can be no assurance that NASDAQ will approve the Company’s application or that the Company will complete listing as proposed.
Draganfly management believes that NASDAQ listing:
- Provide additional opportunities to attract institutional and individual investors, allowing the Company to expand its investor base in the United States and internationally.
- Increase the visibility of the company, its growth strategy, its achievements and its results to date.
- Embark on an aggressive M&A strategy.
- Increase the liquidity of the company’s common shares; and
- Raise the overall profile of the company and ultimately increase shareholder value
“Today’s announcement is an important step in our efforts to build Draganfly as a leading systems manufacturer and developer,” said Cameron Chell, CEO of Draganfly. In addition to increasing our visibility in the market, the listing should improve the liquidity of our shares, broaden our institutional shareholder base and increase long-term shareholder value.
Draganfly experienced significant growth in 2020 in its customer acquisitions, partnerships, product development and the growth of the Companys sales pipeline. Here are some highlights from the past twelve months:
- Launched the Vital Intelligence Smart Vital COVID-19 assessment platform which can automatically detect elevated body temperature and, with voluntary consent, heart rate, respiratory rate and O2 saturation, all from a camera that takes a few seconds to capture information.
- Launch of a telehealth application allowing third-party developers to integrate Smart Vital technology into their own applications and devices.
- Revenue increase of over 200% year over year with 50% revenue growth quarter over quarter in the third quarter(1);
- Launched two additional flight services divisions in the mining and facilities management industries (which includes delivery via the patented Draganflys drone technologies of the Varigard pathogen and viral surface disinfectant);
- Worldwide exclusive distributor of Aerovironments (NASDAQ: AVAV) Quantix Mapper RPAS;
- Selected by Coldchain Technology Services, LLC to develop and immediately provide flight services of a robust vaccine delivery payload for use in critical regions for the drone delivery of COVID-19 vaccine; and
- Obtained a new patent for a vertical take-off and landing (VTOL) cargo delivery drone with variable center of gravity.
Note 1: All financial information contained in this press release is prepared in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board. Please see the Company’s Interim Consolidated Statements for the nine-month period ended September 30, 2020 and the associated MD&A filed under the Company’s profile on SEDAR at www.sedar.com November 24, 2020,
Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the creator of quality, cutting-edge software and systems that revolutionize the way organizations can do business and serve their stakeholders. Recognized as being at the forefront of technology for over 22 years, Draganfly is an award-winning and leading technology manufacturer and developer serving the public safety, agriculture, industrial inspection, safety and mapping and surveying. Draganfly is a company driven by passion, ingenuity and the need to provide efficient solutions and first class service to customers around the world in order to save time, money and lives.
For more information on Draganfly, please visit us atwww.draganfly.com.
For more investor information, visit https://www.thecse.com/en/listings/technology/draganfly-inc,https://www.otcmarkets.com/stock/DFLYF/overvieworhttps://www.boerse-frankfurt.de/aktie/draganfly-inc.
email: [email protected]
E-mail: [email protected]
This press release contains certain forward-looking statements and certain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as may, hope, expect, intend, estimate, anticipate, believe, continue, plan or similar terminology. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions which, although deemed reasonable by management, are by their nature subject to significant business, economic and competitive uncertainties and contingencies. . Forward-looking statements include, but are not limited to, statements regarding the company’s decision, plans and anticipated timing regarding the potential listing of its common shares on NASDAQ and the company’s ability to meet the requirements of the company. NASDAQ listing. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s ability to control or predict, which may cause actual results, performance or achievements of the Company to differ materially from those expressed. or implied by them, and are developed based on assumptions about those risks, uncertainties and other factors set forth herein, including, but not limited to: the potential impact of epidemics, pandemics or other crises public health, including the current outbreak of the novel coronavirus known as COVID-19 on the business, operations and financial condition of the company, the successful integration of technology, the risks inherent in the securities markets furniture in general; uncertainties about the availability and costs of necessary funding in the future; the inherent uncertainty in cost estimates and the potential for unforeseen costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties disclosed under Risk Factors in the most recent documents filed by the Company with securities regulators in Canada on the SEDAR website at www.sedar.com. The Company assumes no obligation to update forward-looking information, except as required by applicable law. This forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary significantly. Therefore, readers are advised not to place undue reliance on forward-looking statements or information.
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