Business
Drone Stocks in 2020 - The Race for Dominance of the Skies
Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - January 16, 2020) - ...
About this update from Draganfly Inc
[{"type":"text","content":"Drone Stocks in 2020 - The Race for Dominance of the SkiesPoint Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - January 16, 2020) - Investorideas.com, a leading investor news resource covering drone and unmanned vehicle stocks releases a sector snapshot on the race for dominance in the drone market.Read the full drone stocks article on Investorideas.comhttps://www.investorideas.com/News/2020/technology/01160Drone.aspResearch and Markets just reported, \"The global drones market reached 18.11 Billion USD in 2018 by registering a CAGR of 19.90% across the globe. Moreover, the market is expected to reach 88.57 Billion USD by the end of 2027.\"They also noted, \"The growing applications of drones in the commercial sector such as oil & gas, construction, energy, entertainment, healthcare, and delivery industries accompanied with others are anticipated to drive the growth of drones market during the forecast period.\"Recognized as being a leader and at the forefront of technology for over 21 years, Saskatchewan based Draganfly Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8) is aiming high and expanding the company's presence with an acquisition that adds on another 10 years of expertise. As an article in General Aviation News reported yesterday, \"Since the beginning, Draganfly's drones and unmanned aerial systems have paved the way for many others to follow.\"Draganfly, an industry-leading systems developer within the commercial Unmanned Aerial Vehicle (\"UAV\") and the Unmanned Vehicle Systems (\"UVS\") industry announced today that it has entered into an arm's-length definitive share purchase agreement, dated January15, 2020, with the shareholders of Dronelogics Systems Inc. which sees Draganfly acquiring all of the shares of Dronelogics for cash and common shares of Draganfly. Dronelogics is a solutions integrator for custom robotics, hardware and software that provides a wide scope of services including sales, training, rentals, maintenance, flying and data processing services based in Vancouver, Canada.Transaction Highlights• The Transaction continues to establish Draganfly as a leading, diversified drone organization. Dronelogics has been growing steadily with revenues in excess of CAD$3.0 million and expected 2019 year-over-year growth of 20.0%. Draganfly management believes the Transaction will genera...