Los Angeles, CA – Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (Draganfly or the Company), an award-winning, industry-leading manufacturer and systems developer, is pleased to announce the awarding of a new patent for a vertical take-off and landing (VTOL) cargo delivery drone with variable center of gravity.
The design is ideal for Beyond Visual Line of Sight (BVLOS) and for transporting goods in hard to reach areas or flight over people at night.
US Patent No. 10,807,707 is an unmanned aircraft system (UAS) configured for both vertical take-off and landing (VTOL) and fixed-wing flight operations includes forward, and aft wing assemblies mounted to the fuselage, each wing assembly including port and starboard nacelles terminating in motor-driven rotors powered by an onboard control system capable of adjusting rotor speeds.
The UAS may transition between a powered-lift VTOL configuration to a winged-flight configuration by shifting its center of gravity forward, pivoting the wing assemblies from a powered-lift position perpendicular to the fuselage to a winged-flight position parallel to the fuselage.
The forward rotor blades may be folded back so that the aft rotors may provide primary thrust for winged flight operations. Onboard attitude sensors may detect rotor or control failures, to which the control system responds by triggering a conversion to the winged-flight configuration for recovery operations.
Draganfly views this patent as an important addition to its robust patent portfolio and believes it to be a core innovation for the industry and the drone delivery vertical.
Draganfly recently announced it had been selected by Coldchain Technology Services, LLC to immediately develop and provide flight services of a robust vaccine delivery payload for use in critical regions for drone delivery of the COVID-19 vaccine.
Coldchain Technology Services, LLC provides comprehensive solutions for healthcare supply chain management for multiple government and commercial clients, including the US Army, the Centers for Disease Control and Prevention, Reserve Component forces, Johnson & Johnson brands, Chicago Department of Public Health, and others and has been leading the deployment of COVID-19 vaccines throughout the United States.
Polaris Market Research estimates the medical drone market at USD 947.6 million by 2027. Facts and Factors estimates the global drone package delivery market was estimated at USD 530 million in 2019 and expected to grow at a compound annual growth rate of 42% from 2020 to 2027.
With the signing of a signature customer and now this key industry patent we are confident in our role as an important global player in drone delivery space. said Cameron Chell, CEO of Draganfly. This showcases Draganfly's continued focus on IP and highlights the strength and innovation of our engineering team.
About Draganfly
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 service their stakeholders. Recognized as being at the forefront of technology for over 22 years, Draganfly is an award-winning, industry-leading manufacturer and technology developer serving the public safety, agriculture, industrial inspections, security, 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 us at 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.boerse-frankfurt.de/aktie/draganfly-inc.
Media Contact
Arian Hopkins
email: [email protected]
Company Contact
Email: [email protected]
Forward-Looking Statements
This release contains certain forward looking statements and certain forward-looking ŽŽŽŽŽŽinformation as Ždefined under applicable Canadian securities laws. Forward-looking statements ŽŽŽŽŽŽand information can Žgenerally be identified by the use of forward-looking terminology such as ŽŽŽŽŽŽŽmay, will, expect, ŽŽintend, estimate, anticipate, believe, continue, plans or similar ŽŽŽŽŽŽterminology. Forward-looking Žstatements and information are based on forecasts of future ŽŽŽŽŽŽresults, estimates of amounts not yet Ždeterminable and assumptions that, while believed by ŽŽŽŽŽŽmanagement to be reasonable, are inherently Žsubject to significant business, economic and ŽŽŽŽŽŽcompetitive uncertainties and contingencies. Forward-Žlooking statements include, but are not ŽŽŽŽŽŽlimited to, statements with respect to the successful utilization Žand integration of the Company's technology. Forward-ŽŽŽŽlooking statements and information are Žsubject Žto Žvarious known and unknown risks and ŽŽŽŽuncertainties, many of which are beyond the Žability of Žthe ŽCompany to control or predict, that ŽŽŽŽmay cause the Company's actual results, Žperformance or ŽŽachievements to be materially different ŽŽŽŽfrom those expressed or implied thereby, Žand are Ždeveloped Žbased on assumptions about such ŽŽŽŽrisks, uncertainties and other factors set Žout here Žin, including but not Žlimited to: the potential ŽŽŽŽimpact of epidemics, pandemics or other Žpublic Žhealth crises, including the Žcurrent outbreak of ŽŽŽŽthe novel coronavirus known as COVID-19 Žon the ŽCompany's business, operations Žand financial ŽŽŽŽcondition, the successful integration of ŽŽtechnology, the inherent risks involved in the Žgeneral ŽŽŽŽsecurities markets; uncertainties relating to ŽŽthe availability and costs of financing needed in the ŽŽŽŽŽfuture; the inherent uncertainty of cost ŽŽestimates and the potential for unexpected costs and ŽŽŽŽexpenses, Žcurrency fluctuations; regulatory ŽŽrestrictions, liability, competition, loss of key ŽŽŽŽemployees and other Žrelated risks and uncertainties ŽŽdisclosed under the heading Risk Factors ŽŽŽŽin the Company's most Žrecent filings filed with ŽŽsecurities regulators in Canada on the SEDAR ŽŽŽŽwebsite at www.sedar.com. The ŽCompany ŽŽundertakes no obligation to update forward-looking ŽŽŽŽinformation except as required by Žapplicable ŽŽlaw. Such forward-looking information represents ŽŽŽŽmanagements' best judgment based on ŽŽŽinformation currently available. No forward-looking ŽŽŽŽstatement can be guaranteed and actual ŽŽfuture Žresults may vary materially. Accordingly, readers ŽŽŽŽare advised not to place undue reliance ŽŽon forward-Žlooking statements or information.Ž
