The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
The history of unmanned aerial vehicles (UAVs), popularly known as drones, effectively dates all the way back to the time of World War I (with more examples of rudimentary UAVs existing even further back in history). However, it wasn’t until 2006 when drones were first used outside military ventures. Today, they are used almost everywhere to carry out numerous tasks including remote sensing, emergency rescue and agriculture. Draganfly (NASDAQ: DPRO) (CNSX: DPRO) stands as one of the leading pioneers in drone technology.
Draganfly is a Canadian company with more than 22 years specializing in manufacturing drones and providing drone solutions. The company has made a name in drone development and solutions that improve aspects of human life.
Draganfly-ing to the Rescue
Some of the areas Draganfly is significantly impacting include energy, agriculture, military, government, insurance and public safety. In 2013, the company became widely known when one of its drones, a Dragan Flyer X4-ES, was used in a rescue mission to save a lost driver who was stuck in freezing cold temperatures. Considered to be the first time a person was saved using a small unmanned aerial vehicle (sUAV), the drone used its forward-looking infrared camera (FLIR) to locate the man who was found near a tree next to a snow bank.
In 2009, a Draganflyer X6 was used by the Ontario Police’s Forensic Identification Unit in a criminal investigation to collect information in a homicide investigation. This was the first time a commercial UAV was used for emergency services in North America.
Innovation in Drones is Just Getting Started
The advancement of drone technology has increased the availability of high-resolution images and real-time footage used in surveying and mapping. This, in turn, has caused UAVs to generate large amounts of data. Using AI in drones remains a solution to this challenge.
Draganfly uses AI and data analysis solutions to quickly process data and perform sophisticated tasks and gain meaningful insights from data without wasting time. For over a decade, its R&D team has offered cutting-edge drone solutions. The R&D team is renowned for developing low-cost quadcopter and other multi-rotor drones, which are recognized for being easy to use and quick to deploy. Apart from manufacturing drones, the company also manufactures high resolution sensors, touchless health assessment systems and drone flight planning software.
In 2016, the company became the first to obtain Transport Canada’s Compliant status for multiple UAV systems. A company must first get a Special Flight Operations Certificate (SFOC) from Transport Canada to get permission for special drone flight operations. This gives Draganfly the right to issue Statement of Conformity to clients seeking this status.
Draganfly has received numerous awards and recognitions from the drone and tech world. UAV coach listed Draganfly as one of the top drone companies to watch in 2021. Additionally, the Draganflyer X6 is an award recipient of the Popular Science’s 2008 “Best of What’s New” Award in the Aviation & Space category.
For drone stock investors and all stock enthusiasts, DPRO might be a ticker to keep an eye on. The company closed a $20 million public offering after listing on Nasdaq on August 3, 2021. This makes its shares dual listed on Nasdaq and the Canadian Securities Exchange as DPRO stock.
The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
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