Drone Stocks in 2020 - The Race for Dominance of the Skies

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - January 16, 2020) - Investorideas.com, a leading investor news resource covering drone and unmanned vehicle stocks releases a sector snapshot on the race for dominance in the drone market.

Read the full drone stocks article on Investorideas.com
https://www.investorideas.com/News/2020/technology/01160Drone.asp

Research and Markets just reported, "The global drones market reached 18.11 Billion USD in 2018 by registering a CAGR of 19.90% across the globe. Moreover, the market is expected to reach 88.57 Billion USD by the end of 2027."

They also noted, "The growing applications of drones in the commercial sector such as oil & gas, construction, energy, entertainment, healthcare, and delivery industries accompanied with others are anticipated to drive the growth of drones market during the forecast period."

Recognized as being a leader and at the forefront of technology for over 21 years, Saskatchewan based Draganfly Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8) is aiming high and expanding the company's presence with an acquisition that adds on another 10 years of expertise.

As an article in General Aviation News reported yesterday, "Since the beginning, Draganfly's drones and unmanned aerial systems have paved the way for many others to follow."

Draganfly, an industry-leading systems developer within the commercial Unmanned Aerial Vehicle ("UAV") and the Unmanned Vehicle Systems ("UVS") industry announced today that it has entered into an arm's-length definitive share purchase agreement, dated January15, 2020, with the shareholders of Dronelogics Systems Inc. which sees Draganfly acquiring all of the shares of Dronelogics for cash and common shares of Draganfly.

Dronelogics is a solutions integrator for custom robotics, hardware and software that provides a wide scope of services including sales, training, rentals, maintenance, flying and data processing services based in Vancouver, Canada.

Transaction Highlights

• The Transaction continues to establish Draganfly as a leading, diversified drone organization. Dronelogics has been growing steadily with revenues in excess of CAD$3.0 million and expected 2019 year-over-year growth of 20.0%. Draganfly management believes the Transaction will generate combined pro forma revenue of between CAD$6 to CAD$7 million for the fiscal year 2020, representing an increase in Draganfly's revenue of between 23% and 43%.

• Strategically Positioned to Leverage Draganfly's Brand: Dronelogics is a complementary business to Draganfly and the acquisition of Dronelogics will expand the product offering of Draganfly in the integration and engineering segments. This will expand Draganfly's total addressable market and enhance its position as a leader in the UAV and UVS industry.

• Expanded Customer Base: Draganfly and Dronelogics have limited overlap in customer base, representing an opportunity to cross-sell the expanded product offerings and further customized solutions to existing clients.

• Established History of Providing Drone Services: Dronelogics has been in business for 10 years, working closely with Fortune 500 companies to provide insights into inventory metrics, asset management, volume-metric calculation and digitizing assets, among many other applications.

Dronelife.com, looking at predictions for 2020, quoted an inside expert in the sector. "This year, while the industry will grow, we do expect consolidation. Established players in the drone ecosystem will focus on revenue generation and continued growth, and smaller players might merge with others."

Draganfly Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8) is banking on just that strategy as it flies into 2020 with its acquisition.

Cameron Chell, Chairman and CEO stated, "We are excited to welcome the whole Dronelogics team as part of Draganfly. Dronelogics has established itself as a trusted drone service provider. Its business is highly complementary to our business and the combined entity will deliver an enhanced product and service offering to the combined client base. This transaction further establishes Draganfly as a leading, publicly traded drone company, and provides a strong platform for us to pursue continued consolidation in the industry."

For a list of drone stocks and other defense stocks visit Investorideas.com directory

https://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp

Get more Defense Stock Investor Ideas - news, articles, and stock directories

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining, the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring DFLY is a paid for news release on Investorideas.com - third party (two thousand) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android

Contact Investorideas.com
800-665-0411

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51568

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).