Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (“Draganfly”
or the “Company”), an award-winning, industry-leading drone
solutions and systems developer, today announced that it has
advanced field testing of the EagleEye™ land mine detection
solution with Windfall Geotek (TSX-V: WIN) (OTCQB: WINKF).
Windfall Geotek is a mining services
company and a leader in the use of Artificial Intelligence (AI) and
advanced knowledge-extraction techniques since 2005 in the mining
sector. This test included joint research, AI development, and
engineering support for the development of drones and sensor
equipment.
Every day approximately 10 people around the
world lose their lives or are maimed due to an anti-personnel mine
("APM"). This means that about 4,200 people are
hurt or killed worldwide every year of which 35-42% are estimated
to be children. It is estimated that there are between 60-110
million landmines in the ground right now and an equal amount is in
stockpiles waiting to be planted or destroyed. Approximately 82
countries around the world are contaminated by APMs. Source: United
Nations, Office for Disarmament Affairs.
An estimated US$540,000,000 was spent by
industry and government in 2018 to deal with this problem of
Landmines and Explosive Remnants of war (identify multiple APM and
improvised explosive devices (IEDs) in a variety of terrain and
contexts). Source: Landmine Monitor Report 2019.
“Since 2020, Draganfly has invested in new
capabilities in drone-based magnetometer technology and other
remote sensing equipment," commented Dinesh Kandanchatha, Chairman
of Windfall Geotek. “The depth of the Draganfly engineering team,
drone services group, and expert advisory in public safety was
instrumental to get us to these first tests.”
“Windfall Geotek is the industry leader in
AI-based digital exploration for mining. We now have the right
mixture of equipment and data to move to the commercialization of
an advanced AI-based platform to help solve the global problem of
landmines," said Cameron Chell, CEO of Draganfly. “The two
companies share a mission of saving lives through technology. These
tests are critical to helping create a new solution to this age-old
problem. The new and expanded revenue streams for both companies in
the Defense sector, Public Safety, and other markets are
significant and represent an area where combined offering can
excel.”
“For years our foundation has support
organizations removing land mines, this type of technology and
innovation by Draganfly and Windfall is exactly what is needed to
solve this global challenge on a massive scale,” said Admiral
Hayward, former head of the US Navy and member of the Joint Chiefs
of Staff.
Watch the video to learn more.
About Windfall Geotek –
Powered by Artificial Intelligence (AI) since
2005
Windfall Geotek (TSX-V: WIN), (OTCQB: WINKF) is
an Artificial Intelligence company that has been in business for
over 15 years developing its proprietary CARDS analysis (AI) and
data mining techniques. Windfall Geotek can count on a
multidisciplinary team that includes professionals in geophysics,
geology, Artificial Intelligence, and mathematics. It combines
available public and private datasets including geophysical, drill
hole and surface data. The algorithms designed and employed by
Windfall Geotek are calculated to highlight areas of interest that
have the potential to be geologically similar to other gold
deposits and mineralization. Windfall Geotek’s objective is to
develop a new royalty stream by significantly enhancing and
participating in the exploration success rate of mining and to
continue the Land Mine detection application as a high priority.
Windfall has played a part in numerous past discoveries utilizing
its methodology as described at: https://windfallgeotek.com/.
For further information, please contact:
Michel FontainePresident and CEO of Windfall
GeotekTelephone: 514-994-5843Email:
michel@windfallgeotek.comWebsite: www.windfallgeotek.com
Additional information about Windfall Geotek is
available under Windfall Geotek’s profile on SEDAR at
www.sedar.com. Neither the TSX Venture Exchange nor does its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
About Draganfly
Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE:
3U8) is the creator of quality, cutting-edge drone solutions,
software and AI systems that revolutionize the way organizations
can do business and service their stakeholders. Recognized as being
at the forefront of technology for over 22 years, Draganfly is
an award-winning, industry-leader serving the public safety,
agriculture, industrial inspections, security, mapping, and
surveying markets. Draganfly is a company driven by passion,
ingenuity, and the need to provide efficient solutions and
first-class services to its customers around the world with the
goal of saving time, money, and lives.
For more information on Draganfly, please visit us
at www.draganfly.com.
For additional investor information,
visit https://www.thecse.com/en/listings/technology/draganfly-inc, https://www.otcmarkets.com/stock/DFLYF/overview
or https://www.boerse-frankfurt.de/aktie/draganfly-inc.
Media Contact Arian Hopkins email:
arian@businessinstincts.com
Company Contactemail:
info@draganfly.com
Forward-Looking Statements
This release contains certain “forward looking
statements” and certain “forward-looking information” as
defined under applicable Canadian securities laws. Forward-looking
statements and information can generally be identified by the
use of forward-looking terminology such as “may”, “will”,
“expect”, “intend”, “estimate”, “anticipate”, “believe”,
“continue”, “plans” or similar terminology. Forward-looking
statements and information are based on forecasts of future
results, estimates of amounts not yet determinable and
assumptions that, while believed by management to be
reasonable, are inherently subject to significant business,
economic and competitive uncertainties and contingencies.
Forward-looking statements include, but are not limited to,
statements with respect to the testing and development of the
EagleEye™ land mine detection solution. Forward-looking
statements and information are subject to various known and
unknown risks and uncertainties, many of which are beyond the
ability of the Company to control or predict, that may cause
the Company’s actual results, performance or achievements to be
materially different from those expressed or implied thereby,
and are developed based on assumptions about such risks,
uncertainties and other factors set out here in, including but
not limited to: the potential impact of epidemics, pandemics
or other public health crises, including the current outbreak of
the novel coronavirus known as COVID-19 on the Company’s
business, operations and financial condition, the successful
integration of technology, the inherent risks involved in the
general securities markets; uncertainties relating to the
availability and costs of financing needed in the future; the
inherent uncertainty of cost estimates and the potential for
unexpected costs and expenses, currency fluctuations;
regulatory restrictions, liability, competition, loss of key
employees and other related risks and uncertainties disclosed
under the heading “Risk Factors“ in the Company’s most recent
filings filed with securities regulators in Canada on the SEDAR
website at www.sedar.com. The Company undertakes no obligation
to update forward-looking information except as required by
applicable law. Such forward-looking information represents
managements’ best judgment based on information currently
available. No forward-looking statement can be guaranteed and
actual future results may vary materially. Accordingly, readers
are advised not to place undue reliance on forward-looking
statements or information.
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