JOINT PRESS
RELEASE
AeroVironment
and Draganfly Announce Teaming Agreement for Distribution of
Quantix Mapper to Commercial Markets
SIMI
VALLEY, Calif. and RALEIGH, N.C., March 17, 2020
– AeroVironment,
Inc. (NASDAQ:
AVAV), a global leader in unmanned aircraft systems (UAS), and
Draganfly (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, today 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 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.
In advance of the
approaching agriculture season in the Northern Hemisphere,
Draganfly has procured a significant number of Quantix Mapper
systems from AeroVironment. 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. "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 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, assess
and react to the situation with precision and speed.
For more
information and to order Quantix Mapper, please visit:
www.draganfly.com/quantix
About
AeroVironment, Inc.
AeroVironment
(NASDAQ:
AVAV) provides customers with more actionable intelligence so
they can proceed with certainty. Based in California, AeroVironment
is a global leader in unmanned aircraft systems and tactical
missile systems, and serves defense, government and commercial
customers. For more information visit
www.avinc.com.
About
Draganfly
Draganfly Inc.
(CSE: DFLY;
OTCQB:
DFLYF; FSE: 3U8) is the creator of cutting-edge, autonomous
systems and software that revolutionize the way people do business.
Recognized as being at the forefront of technology for 22 years,
Draganfly is an award-winning, industry-leading manufacturer within
the commercial UAS and RPAS space, serving the public safety,
agriculture, industrial inspections and mapping and surveying
markets. Draganfly is a company driven by passion, ingenuity and
the need to provide efficient solutions and first-class services to
its customers around the world with the goal of saving time, money
and lives.
For more information on
Draganfly, please visit www.draganfly.com. For
additional
investor information
visit https://www.thecse.com/en/listings/technology/draganfly-inc,
https://www.otcmarkets.com/stock/DFLYF/overview
or
https://www.boersefrankfurt.
de/aktie/draganfly-inc.
Safe Harbor
Statement
Certain statements in this
press release may constitute "forward-looking statements" as that
term is defined in the Private Securities Litigation Reform Act of
1995. These statements are made on the basis of current
expectations, forecasts and assumptions that involve risks and
uncertainties, including, but not limited to, economic,
competitive, governmental and technological factors outside of our
control, that may cause our business, strategy or actual results to
differ materially from those expressed or implied.
Factors that could cause
actual results to differ materially from the forward-looking
statements
include, but are not limited to, our ability to perform under
existing contracts and obtain additional contracts; changes in the
regulatory environment; the activities of competitors; failure of
the markets in which we operate to grow; failure to expand into new
markets; failure to develop new products or integrate new
technology with current products; and general economic and business
conditions in the United States and elsewhere in the world. For a
further list and description of such risks and uncertainties, see
the reports we file with the Securities and Exchange Commission. We
do not intend, and undertake no obligation, to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
For additional AeroVironment
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AeroVironment
Media Contact
Mark Boyer
email:
mark@boyersyndicate.com
Draganfly
Media Contact
Arian Hopkins
email:
arian@businessinstincts.com
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