Drone Stocks in 2020 - The Race for Dominance of the Skies
January 16 2020 - 10:20AM
InvestorsHub NewsWire
Drone Stocks in 2020 – The Race for
Dominance of the Skies
Point
Roberts WA, Delta BC, Canada -- January 16, 2020 -- InvestorsHub
NewsWire -- via Investorideas.com -- 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.
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.
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."
For a list of drone stocks
and other defense stocks visit Investorideas.com
directory
https://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
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
SOURCE: Investorideas.com
CVS Health (NYSE:CVS)
Historical Stock Chart
From Nov 2024 to Dec 2024
CVS Health (NYSE:CVS)
Historical Stock Chart
From Dec 2023 to Dec 2024
