Draganfly Signs Strategic Agreement to Develop Drone Manufacturing and Distribution for Indian Market

LOS ANGELES, Calif., January 31, 2023 (GLOBE NEWSWIRE) —

Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or “Company”) is an award-winning, industry-leading developer of drone solutions and systems.

remote sensing equipment

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(“RSI”), a long-standing Indian geospatial technology company operating in the field of Remote Sensing and Geographic Information Systems (“GIS”), has a strategic partnership with Draganfly in developing its manufacturing, distribution and sales. We signed a contract. products in India.

A central element of the agreement is to manufacture Dragonfly drones in India.

art manilval

Bharat

(Made in India) program.

RSI is a leading provider of geospatial data analytics products, services and analytics, with a focus on data from satellites and drones for the South Asian market. His RSI business in the information services sector encompasses market and project development for manufacturing and sales infrastructure, technical support and training for many of his GIS and remote sensing services, products, and custom application development.

“It is significant that Draganfly has entered one of the largest, if not the largest, drone markets in the world,” said Cameron Chell, President and CEO of Draganfly.

by

IMARC Group

The Indian drone market is expected to grow at a CAGR of 10.23% between 2023 and 2028. Favorable government regulations by the Indian government to enable commercial use of drones have resulted in a more liberal and conducive market for drones, thereby creating lucrative growth opportunities. market.

“RSI is thrilled to enter into a strategic agreement with Draganfly to help bring Draganfly’s drones to the Indian market. We will be able to further invest in the Indian market under the auspices of the company,” said Ramana Kumar Buragadda, CEO of RSI. “This is a big milestone for RSI. The UAV market in India is growing day by day and RSI is the frontrunner to bring the right technology to India, finding the right partner and the right time to enter the Indian market. It gives us immense pleasure to contribute a small part of us to Prime Minister Modi’s self-sustaining vision of making India the manufacturing hub of the world.Draganfly’s decades of research in the UAV industry and Experience has made Draganfly the most trusted UAV solutions provider in India.Draganfly is an industry leader in drone innovation and its collaborative approach is a unique complement to RSI.”

About Dragonfly

Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) develops high-quality, cutting-edge drone solutions, software, and technology that revolutionize the way organizations do business and serve their stakeholders. Creator of AI systems. Known for being at the forefront of technology for over 22 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspection, security, mapping and surveying markets. Draganfly is a company driven by passion, ingenuity and a need to provide efficient solutions and first-class service to customers around the world with the goal of saving time, money and lives.

For more information on Dragonfly, please visit:

www.draganfly.com

.

For additional investor information, please visit:

https://www.thecse.com/en/listings/technology/draganfly-inc

,

https://www.nasdaq.com/market-activity/stocks/dpro

Also

https://www.boerse-frankfurt.de/aktie/draganfly-inc

.

media contact

alien hopkins

Email: media@draganfly.com

company contact

Email: info@draganfly.com

About RSI

REMOTE SENSING INSTRUMENTS (RSI) is an industry leader and trusted partner providing end-to-end solutions for GIS, Remote Sensing, GPS hardware and software products and related services to clients in India, Nepal, Bhutan, Bangladesh and UAE. am. Algeria, Tanzania. RSI’s business includes project consulting services, software development, sales, technical support, training for numerous of his GIS/RS/GPS products, and custom application development.

https://www.rsigeotech.com/

info@rsigeotech.com

Forward-Looking Statements

This release contains certain “forward-looking statements” and certain “forward-looking information” as defined under applicable securities laws. Forward-looking statements and information generally refer to statements such as “may,” “will,” “expect,” “intend,” “estimate,” “project,” “believe,” and “continue.” , “plan”, or similar terms. Forward-looking statements and information constitute projections of future results, estimates of amounts that cannot yet be determined, and statements that management believes to be reasonable but that are material to business, economic and competitive matters. Subject to certainty and unforeseen circumstances. Forward-looking statements include, but are not limited to, the expected growth rate of the Indian drone market from 2023 to 2028, according to a report by IMARC Group. Also a statement regarding the successful manufacturing of the Draganfly drones in the Indian market and their subsequent ability to penetrate the Indian market. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond our ability to control or predict. The Company’s actual results, performance or achievements may differ materially from those expressed or implied thereby and are made on the basis of such assumptions. Other factors include, but are not limited to, the potential impact of epidemics, pandemics or other public health crises, including the covid-19 pandemic, the Company’s operations and operations. and financial position; successful integration of technology. Risk inherent in the general securities market. uncertainties regarding the availability and cost of future funding requirements; uncertainties inherent in cost estimates; the possibility of unexpected costs and expenses and currency fluctuations; Regulatory limitations; liability, competition, loss of key employees and other related risks and uncertainties are described in our most recent filings with U.S. securities regulators under the heading “Risk Factors.” is disclosed under Canada on the SEDAR website at www.sedar.com and the U.S. Securities and Exchange Commission (“SEC”) on EDGAR through the SEC’s website at www.sec.gov. We undertake no obligation to update any forward-looking information, except as required by applicable law. Such forward-looking information represents management’s best judgment based on currently available information. Forward-looking statements cannot be guaranteed and actual future results may differ materially. Readers are therefore advised not to place undue reliance on forward-looking statements or information.