Business
Draganfly Signs $9 Million Exclusive Manufacturing Agreement with Digital Dream Labs
Draganfly Signs $9 Million Exclusive Manufacturing Agreement with Digital Dream Labs ...
About this update from Draganfly Inc
[{"type":"text","content":"\n \n \n \n Draganfly Signs $9 Million Exclusive Manufacturing Agreement with Digital Dream Labs\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n \n \n \n \n \n LOS ANGELES\n \n \n ,\n \n Oct. 14, 2021\n \n /PRNewswire/ --\n \n \n \n Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\n \n \n \"\n \n \n Draganfly\"\n \n or the\n \n \"\n \n Company\n \n \"\n \n ), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce that it has signed a minimum\n \n $9 million\n \n manufacturing agreement with Digital Dream Labs, Inc.\n \n (\n \n \n \"\n \n \n \n DDL\n \n \n \n \"\n \n ) to design and develop an AI consumer companion robot drone (the \"Drone\")\n \n .\n \n \n \n DDL is an edtechtainment company that specializes in the development of hands-on video games and personal robots. Their popular desktop robots, Cozmo and Vector, are two of the best-selling consumer robots of all-time.\n \n \n \n A\n \n s per the terms of the announced agreement, Draganfly will be the exclusive manufacturer and assembler of the Drone\n \n .\n \n DDL will order at least 50,000 units annually with delivery starting in 2022\n \n .\n \n The Drone will be integrated into DDL\n \n '\n \n s existing product family, including support, sales and distribution channels used for their other consumer robots. Draganfly has also been granted a right of first refusal to become the exclusive manufacturer and assembler of subsequent drone or UAV-based robots to be added to Digital Dream Labs\n \n '\n \n product portfolio\n \n .\n \n \n \n According to the\n \n \n Consumer Drones Global Market Report 2021\n \n \n \n , the global consumer drone market is expected to top\n \n $2.3 billion\n \n in 2021 at a compound annual growth rate (CAGR) of 12%. In 2025, the market is forecasted to reach nearly\n \n $3.3 billion\n \n at a CAGR of 9%.\n \n \n \n \n \"\n \n \n We are very excited to be working with Draganfly on the newest addition to the Cozmo family.\"\n \n \n said Dr.\n \n Jacob Hanchar\n \n , co-founder and CEO of Digital Dream ...