Draganfly Secures One Million Dollar Flight Services Contract
23 März 2021 - 2:15PM
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
signed a $1M services deal to deploy EagleEye™ AI flight services
with Windfall Geotek Inc. (“Windfall Geoteck”) (TSX-V: WIN) (OTCQB:
WINKF).
Windfall Geotek flies mining prospect with
magnetometers. The data is placed into EagleEye™ along with other
data and provides recommended targets for mining companies to
drill. This was traditionally done by fixed-wing aircraft flying
mag surveys. Draganfly flies smaller patterns and uses EagleEye’s™
AI software to get better results and provide better potential
targets using the AI data. The mining focus will be on battery
metals nickel, zing, lithium, and cobalt.
Windfall Geotek is a mining services
company and a leader in the use of Artificial Intelligence (AI) and
advanced knowledge-extraction techniques since 2005. Windfall
Geotek has contractually agreed to have Draganfly provide $1M in
flight services over the course of the next year with $500,000
already directly funded and allocated.
“We are excited about this phase of Windfall’s
growth with Draganfly. Bringing our two technology and service
platforms together is industry-defining as we can provide the most
ecologically friendly and in-depth exploration solution in the
industry,” said Dinesh Kandanchatha, Chairman of Windfall Geotek.
“Together we will transform primary exploration by finding low/zero
carbon solutions through AI and drones.”
“We are excited about deepening our partnership
with Windfall Geotek,” said Cameron Chell, CEO of Draganfly.
“EagleEye™ is a brilliant and unique offering that leverages
Draganfly sensors and drone technology, creating a proprietary
digital exploration solution that is both cost-effective and
sustainable.”
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:
Dinesh
KandanchathaChairmandinesh@windfallgeotek.com
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:
media@draganfly.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 flight services
agreement with Windfall Geotek. 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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