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Draganfly Announces New Heavy Lift and High-Endurance Multi-Use Drones

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Los Angeles, CA., June 01, 2022 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce the launch of its new North American-made Heavy Lift and Commander 3 XL Drones.

Draganfly’s Heavy Lift Drone is a versatile, industrial, multirotor unmanned aerial vehicle (“UAV”) that is designed to lift more and fly further. Capable of automated missions and manual flight operations, the Company’s heavy-duty, robust UAV has a payload lift capacity of 67 pounds and up to 55 minutes of flight time.

Draganfly’s Commander 3 XL Drone is a high-endurance, weather-resistant, multirotor UAV that is designed for easy assembly and rapid deployment. The “Swiss Army Knife” of drones is capable of drop and winch-down systems to transport up to 26 pounds of payload. It performs extremely well in light rain and snow.

Both Draganfly’s Heavy Lift and Commander 3XL Drones are compatible with a variety of interchangeable payloads, including optical and thermal imaging solutions, specialized delivery containers, and the Company’s Long Range LiDAR system.

According to a recent report by Verified Market Research, the global drone services market size is projected to reach $60.67 billion USD by 2028 with a compound annual growth rate (“CAGR”) of nearly 24%. Demand for drone services is rapidly increasing as more businesses recognize the potential of UAV technology across different industry verticals.

“As drone use continues to rise, industry leaders are looking for sophisticated solutions that are versatile, reliable, and secure. Our Heavy Lift and Commander 3 XL Drones will help a variety of major markets improve their business outputs and profitability,” said Cameron Chell, President and CEO of Draganfly.

For more information on Draganfly’s products and services, please click here.

About Draganfly

Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 20 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, agriculture, industrial inspections, security, 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 us at: www.draganfly.com.
For additional investor information, visit https://www.thecse.com/en/listings/technology/draganfly-inc, https://www.nasdaq.com/market-activity/stocks/dpro or https://www.boerse-frankfurt.de/equity/draganfly-inc-1.

Media Contact
Arian Hopkins
Email: media@draganfly.com

Company Contact
Email: info@draganfly.com

Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable Canadian securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to the Company’s Heavy Lift Drone and the global drone services market. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the current outbreak of ‎‎‎‎the novel ‎‎‎coronavirus known as ‎COVID-19 on the Company’s business, operations and financial ‎‎‎‎condition, the ‎‎‎successful integration of ‎technology, the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates and the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions, liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

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Tim Dunnigan

ADVISOR

Tim Dunnigan is a thought leader and serial entrepreneur who served 22-years in the U.S. Army as a Soldier, NCO, and Commissioned Officer where he filled a myriad of dynamic leadership roles and global assignments, including three combat tours of duty. His 20-years of entrepreneurial success is guided by transformational ideas and ventures in technology, innovation, and education. Tim is the CEO & Founder at CaptureTec, LLC – a Center for Verification and Evaluation Certified, Service-Disabled Veteran-Owned Small Business (CVE SDVOSB) focused on leadership consultation, systems integration, and solutions that provide data capture for infrastructure assets using aerial, static, and mobile scanning technologies. As the COO and Co-founder at Talon Aerolytics, Tim architected the nation’s largest aerial drone services provider from inception to all 50 states serving clients including AT&T, Nokia, T-Mobile, Ericsson, and Verizon. As the CEO & Founder at Strategic Integration (CVE SDVOSB), Tim developed the CTED (Create, Test, Educate, Deploy) turnkey business model for defense consulting and technology integration, while serving America’s interests abroad through multiple U.S. DoD classified hardware and software contracts in the U.S. and overseas. Additionally, Tim is the Founder of Innovalearn, where he created education content for clients including Aflac, Synovus, Subway, and Cox Communications; the Founder of iK9 (CVE SDVOSB), where he co-authored the Veterans Administration (VA) training protocols for service dogs for Veterans with PTSD; and the Co-founder of GameLink Lounge, where he architected innovative entertainment concepts for Service Members and their families on Military installations across the U.S.

Tim is also the Founder of the I’m a Hero Too Foundation [501(c)(3)] and a children’s book author. He holds a Bachelor’s Degree in Human Development, a Master’s Degree in Organizational Leadership and Management, and has completed 2-years of PhD studies in Adult Education at Auburn University. Tim’s been awarded 6 patents and currently has two patents pending on an aerial drone delivery system he developed to fill capability gaps he witnessed during his multiple trips to Ukraine.

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