#Drone
#Stocks 2020 – Aiming High for
Market Dominance -(CSE: $DFLY.C) (OTCQB: $DFLYF) (TSXV: $FLT.V) (NASDAQ: $MSFT)
(NYSE: $UPS) (NYSE: $CVS)
Point
Roberts WA, Delta BC – January 16, 2020 - Investorideas.com, a
leading investor news resource covering drone and unmanned vehicle stocks
releases a sector snapshot on the race for dominance in the drone market.
Read this news in
featuring ($DFLY.C) (OTCQB: $DFLYF) (TSXV: $FLT.V) (NASDAQ: $MSFT) (NYSE: $UPS)
(NYSE: $CVS) in full at
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.”
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.
Another
Canadian-based drone company, Drone
Delivery Canada Corp. (DDC) (TSXV:
FLT)
(OTC:
TAKOF) is developing a drone delivery platform to provide
next generation logistic services for Canadian retailers, service providers and
government agencies.
Recently
the Company
reported that in December 2019, DDC’s Moose Cree First Nation’s
project received the first conditional approval for one of its funding
applications, which, subject to entering into a definitive agreement and
satisfying any conditions imposed by the funder, would enable Moose Cree First
Nation’s Remote Communities Initiative to pay DDC for its drone delivery
service scheduled for implementation in Q1 2020.
“As 2019 comes to a close, I am pleased to
report the first financial approval for one of many remote community
opportunities we are pursuing,” said Michael Zahra, President & CEO of DDC.
“Looking ahead to 2020, DDC will actively seek to close more customers in many
different business verticals both in Canada and abroad.”
CES 2020, the
world's largest gathering place for all those who thrive on the business of
consumer technologies, showcased what’s new in drone technology with Doosan's
hydrogen fuel cell drones winning the Best of Innovation
Award for Drones & Unmanned Systems.
Doosan Mobility
Innovation (DMI) announced on January
8 that it signed an agreement with Microsoft (NASDAQ: MSFT) to
develop applications for hydrogen fuel cell-powered drones. Head of DMI,
Doosoon Lee and Vice President of Microsoft, Korea Miyoung Woo attended the
signing ceremony.
From the news: ”Microsoft’s
cloud computing platform, Azure, and advanced AI and IoT technologies will be
adopted to DMI’s drone software and monitoring solution and a joint sales
campaign will take place.”
“If
DMI’s hydrogen fuel cell-powered drones, which can fly for two hours, meet
Microsoft’s advanced technologies, users will be empowered to collect, analyze
and utilize a massive amount of data, leading to significant synergy creation
for both companies.”
The
drone package delivery market is projected to grow from USD$2.1 billion in 2023
to USD$27.4 billion by 2030, at a CAGR of 44.7% during the forecast period, says
Research and Markets.
According to a report from CNBC, “The world’s biggest players in logistics and packages are racing to make commercial drone delivery a reality, with Loop Capital Markets saying “UPS and Alphabet have the early lead” on Amazon, FedEx and others.”
UPS
(NYSE: UPS) subsidiary,
UPS Flight Forward Inc. (UPSFF) and CVS Health Corporation (NYSE: CVS)
subsidiary, CVS Pharmacy, Inc. last November announced
the successful completion of the first revenue-generating drone delivery of a
medical prescription from a CVS pharmacy directly to a consumer’s home. This
was followed by another delivery of a medical prescription to a second customer
in a nearby retirement community. Both flights occurred on Friday, Nov. 1,
2019, using the M2 drone system by UPS partner and drone systems developer
Matternet.
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."
Draganfly Tango2
For a list of drone
stocks and other defense stocks visit Investorideas.com directory
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