Los Angeles, CA, Might 06, 2020 (GLOBE NEWSWIRE) — Draganfly Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8) (“Draganfly” or the “Firm”), an award-winning, industry-leading producer throughout the business Unmanned Aerial Automobile (“UAV”), Remotely Piloted Plane Techniques (“RPAS”), and unmanned car sector (“UVS”), is happy to announce that its wholly-owned subsidiary, Draganfly Improvements Inc., has offered its know-how asset, Sauce Video, to Oracle Company, (NYSE: ORCL) a multinational pc know-how company.
The sale of this non-core asset gives Draganfly with non-dilutive capital for its ongoing core enterprise goals and operations. Sauce Video is a video content material creation and sourcing resolution that permits corporations to collaborate with their staff, prospects, and followers to create digital video content material. Sauce Video’s resolution reduces the complexity and price of video creation, enabling prospects to simply seize, acquire, and create movies for a variety of use instances, together with advertising and marketing, gross sales enablement, recruiting, and worker engagement. The sale of this asset doesn’t preclude Draganfly from accessing or utilizing Sauce Video sooner or later. The online proceeds to Draganfly is US$854Ok.
Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the creator of high quality, cutting-edge, UVS and software program that revolutionizes the way in which individuals do enterprise. Acknowledged as being on the forefront of know-how for over 22 years, Draganfly is an award-winning, industry-leading producer throughout the business UAV and UVS area, serving the general public security, agriculture, industrial inspections and mapping and surveying markets. Draganfly is an organization pushed by ardour, ingenuity and the necessity to present environment friendly options and first-class companies to its prospects around the globe with the objective of saving time, cash and lives.
For extra info on Draganfly, please go to us at www.draganfly.com.
For extra investor info, go to 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.
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This launch accommodates sure “ahead wanting statements” and sure “forward-looking info” as outlined below relevant Canadian securities legal guidelines. Ahead-looking statements and data can typically be recognized by means of forward-looking terminology reminiscent of “could”, “will”, “anticipate”, “intend”, “estimate”, “anticipate”, “imagine”, “proceed”, “plans” or comparable terminology. Ahead-looking statements and data are primarily based on forecasts of future outcomes, estimates of quantities not but determinable and assumptions that, whereas believed by administration to be affordable, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. Ahead-looking statements and data are topic to numerous recognized and unknown dangers and uncertainties, a lot of that are past the power of the Firm to manage or predict, that will trigger the Firm’s precise outcomes, efficiency or achievements to be materially completely different from these expressed or implied thereby, and are developed primarily based on assumptions about such dangers, uncertainties and different components set out right here in, together with however not restricted to: the potential impression of epidemics, pandemics or different public well being crises, together with the present outbreak of the novel coronavirus referred to as COVID-19 on the Firm’s enterprise, operations and monetary situation, the profitable integration of know-how, the inherent dangers concerned within the normal securities markets; uncertainties referring to the provision and prices of financing wanted sooner or later; the inherent uncertainty of value estimates and the potential for surprising prices and bills, foreign money fluctuations; regulatory restrictions, legal responsibility, competitors, lack of key staff and different associated dangers and uncertainties. The Firm undertakes no obligation to replace forward-looking info besides as required by relevant regulation. Such forward-looking info represents managements’ finest judgment primarily based on info at present accessible. No forward-looking assertion will be assured and precise future outcomes could differ materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements or info.