Los Angeles, CA., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Draganfly Inc. (DPRO: NASDAQ) (DPRO: CSE) (“ Draganfly ” or the “ Company ”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce that it will present the Drone Racing League’s (“ DRL ”) “Why I Fly” Series as part of their multi-year partnership with DRL, the world’s premier, professional drone racing property.

"Why I Fly" is a series of short videos spotlighting the personal journeys of elite DRL pilots into the world of drone flying. The series will be released during the 2021-22 DRL World Championship Season which airs on Wednesday nights at 8pm EST on NBCSN and Twitter. DRL has already released several features on individual pilots, which cover topics including their training regiments and thoughts on how to deal with competition during races. More information on DRL’s pilots can be found here .

“This is an incredibly exciting opportunity. The entire team at Draganfly has an unrivaled passion for building the world’s best flying machines. We look forward to inspiring that same love of drones in others through the compelling stories shared by DRL’s pilots in the ‘Why I Fly’ Series,” said Cameron Chell, CEO of Draganfly.

Draganfly was integrated into the 2021-22 DRL World Championship Season on October 20, 2021. The season cuts across both esports and real-drone racing through iconic sports arenas and DRL SIM virtual maps as pilots compete to be crowned the World Champion in front of millions of fans. Find the full DRL race schedule here .

As part of their multi-year partnership, Draganfly and DRL launched DRL Labs, an innovation hub, to research and develop next generation drone technology that will advance the sport of drone racing and other industries undergoing significant transformations through drones, including humanitarian aid and mobility.

Committed to being at the forefront of drone innovations, Draganfly is also developing and advancing products alongside the Draganfly Trophy Truck #32 team, competing under the name “Draganfly” (“ Trophy Truck ”).

Trophy Truck and Draganfly have partnered to develop advanced products in the form of hardware, software, sensors, and AI in one of the world's most rugged environments. The advances in this area are expected to help Draganfly commercialize innovations for its existing and growing customer base.

In connection with this, Draganfly has entered into a sponsorship and innovation agreement with Trophy Truck (the “ Sponsorship Innovation Deal ”), whereby Trophy Truck will provide Draganfly with certain sponsorship and testing benefits, most notably including promotional and testing activities related to desert truck related events, tournaments, trade shows, community events, digital and social media, website presence and related activities. In consideration, Trophy Truck will be entitled to annual milestone compensation equal in value to US$600,000 in cash or common shares in the capital of the Company (the “ Consideration Shares ”), or any combination thereof, issued at a price per Consideration Share equal to the thirty (30) trading date volume weighted average trading price of the Consideration Shares on the Nasdaq Capital Markets in the thirty (30) trading days immediately prior to the issuance date. The Sponsorship Deal shall be for a two-year term, with an option for Trophy Truck to renew for an additional one-year period.

The Sponsorship Deal contains certain customary conditions of an arrangement of this nature, such as provisions regarding exclusivity, license to use the Draganfly’s trademark, confidentiality, and indemnification.

“The Trophy Truck Space provides an incredibly targeted opportunity for us to innovate products and services alongside multiple industry key decision makers who are deeply involved in this sport. Our work demonstrating our capabilities is expected to create multiple meaningful direct sales opportunities as we innovate, test and commercialize many new leading-edge technologies in this incredibly harsh and demanding environment,” said Cameron Chell, CEO of Draganfly.

About Draganfly

Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; 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 20 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.nasdaq.com/market-activity/stocks/dpro or https://www.boerse-frankfurt.de/aktie/draganfly-inc .