Latest news with #DroneCoalition
Associated Press
05-06-2025
- Business
- Associated Press
Draganfly Showcases Tactical Drone Innovation at Global Defense Summit in Latvia
Tampa, Florida, June 05, 2025 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8), an award-winning drone solutions and systems developer, is pleased to announce its successful participation at the Global Drone Innovation and Defense Coalition Summit (Drone Coalition) – Summer 2025, held May 29 in Riga, Latvia. Co-hosted by the Latvian and UK Ministries of Defense, the limited invite-only summit welcomed more than 1,500 participants from 28 countries across the government, defense, and drone technology sectors. The summit marked the formal expansion of the Drone Coalition from 17 to 20 member states and highlighted €4 billion in collective investment toward advancing coalition-aligned drone capabilities. Draganfly was featured as a leading provider, prominently positioned, and showcased multiple systems from its interoperable family of tactical drone platforms, including The Commander 3XL, The APEX, and the modular Flex FPV. Draganfly was the only provider demonstrating a fully modular and interchangeable FPV platform, and the only company offering multiple tactical deployment drone systems with field-proven validation. 'We were honored to have participated in a summit that is shaping the future of allied drone strategy and deployment,' said Cameron Chell, President and CEO of Draganfly. 'The interest in our modular Flex FPV system and integrated drone platforms reinforces our focus on innovation, mission adaptability, and coalition-aligned development priorities.' The company also engaged with representatives from leading academic and research institutions to explore potential collaborative initiatives in military drone advancement and demining technologies. Draganfly's presence underscored its long-standing support for Ukraine and its commitment to field-driven innovation shaped by real-time operational feedback. Draganfly has been invited to return to Riga in August 2025 for the upcoming Security Conference, with further planning underway. 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 operate. Recognized as being at the forefront of technology for over 25 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, agriculture, industrial inspections, security, and 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. CSE Listing NASDAQ Listing Frankfurt Listing Media Contact Erika Racicot Email: [email protected] Company Contact Email: [email protected] Forward-Looking Statements This release contains certain 'forward looking statements' and certain 'forward-looking information' as defined under applicable 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 Draganfly's participation in the Global Drone Innovation and Defense Coalition Summit as well as statements regarding the company engaging with representatives from leading academic and research institutions to explore potential collaborative initiatives in military drone advancement and demining technologies. 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 COVID-19 pandemic, 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; the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions; and 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 and with the United States Securities and Exchange Commission (the 'SEC') on EDGAR through the SEC's website at 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.
Yahoo
05-06-2025
- Business
- Yahoo
Draganfly Showcases Tactical Drone Innovation at Global Defense Summit in Latvia
Tampa, Florida, June 05, 2025 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8), an award-winning drone solutions and systems developer, is pleased to announce its successful participation at the Global Drone Innovation and Defense Coalition Summit (Drone Coalition) – Summer 2025, held May 29 in Riga, Latvia. Co-hosted by the Latvian and UK Ministries of Defense, the limited invite-only summit welcomed more than 1,500 participants from 28 countries across the government, defense, and drone technology sectors. The summit marked the formal expansion of the Drone Coalition from 17 to 20 member states and highlighted €4 billion in collective investment toward advancing coalition-aligned drone capabilities. Draganfly was featured as a leading provider, prominently positioned, and showcased multiple systems from its interoperable family of tactical drone platforms, including The Commander 3XL, The APEX, and the modular Flex FPV. Draganfly was the only provider demonstrating a fully modular and interchangeable FPV platform, and the only company offering multiple tactical deployment drone systems with field-proven validation. 'We were honored to have participated in a summit that is shaping the future of allied drone strategy and deployment,' said Cameron Chell, President and CEO of Draganfly. 'The interest in our modular Flex FPV system and integrated drone platforms reinforces our focus on innovation, mission adaptability, and coalition-aligned development priorities.' The company also engaged with representatives from leading academic and research institutions to explore potential collaborative initiatives in military drone advancement and demining technologies. Draganfly's presence underscored its long-standing support for Ukraine and its commitment to field-driven innovation shaped by real-time operational feedback. Draganfly has been invited to return to Riga in August 2025 for the upcoming Security Conference, with further planning underway. 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 operate. Recognized as being at the forefront of technology for over 25 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, agriculture, industrial inspections, security, and 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. CSE ListingNASDAQ ListingFrankfurt Listing Media ContactErika RacicotEmail: media@ Company ContactEmail: info@ Forward-Looking Statements This release contains certain 'forward looking statements' and certain 'forward-looking information' as defined under applicable 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 Draganfly's participation in the Global Drone Innovation and Defense Coalition Summit as well as statements regarding the company engaging with representatives from leading academic and research institutions to explore potential collaborative initiatives in military drone advancement and demining technologies. 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 COVID-19 pandemic, 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; the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions; and 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 and with the United States Securities and Exchange Commission (the 'SEC') on EDGAR through the SEC's website at 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.
Yahoo
28-05-2025
- Business
- Yahoo
Turkey, Belgium to join drone coalition for Ukraine
Turkey and Belgium are set to join the international Drone Coalition supporting Ukraine, Latvia's Defense Minister Andris Spruds announced on May 28 during the Drone Summit in Riga. The coalition, co-led by Latvia and the United Kingdom, is expected to allocate 2.75 billion euros ($3.1 billion) in 2025 to support Ukraine's defense against Russian aggression. "The international Drone Coalition is becoming increasingly stronger — we will be able to deliver more drones to Ukraine while simultaneously strengthening the defense industries of Latvia, the EU, and NATO countries," Spruds said. "Our strength lies in unity." With the addition of Belgium and Turkey, the Drone Coalition will grow to 20 member states. The coalition, officially launched in February 2024, includes countries such as the U.K., Germany, Canada, France, Poland, Sweden, and Ukraine, among others. Each new member must be approved by existing coalition states, according to the memorandum of understanding. Since its inception, the coalition has committed a total of 4.5 billion euros ($5 billion) in aid to Ukraine over two years, including 1.8 billion euros ($2 billion) in 2024 and the planned 2.75 billion euros ($3.1 billion) for 2025. The Drone Coalition plays crucial role in supporting Ukraine's use of unmanned aerial vehicles (UAVs), which have become key in targeting Russian military infrastructure, including airfields, oil depots, and logistics hubs deep inside Russian territory. In March, the coalition allocated 20 million euros ($22.5 million) from a joint fund to procure tactical reconnaissance drones for Ukraine, following an urgent request from Kyiv. The coalition complements Ukraine's domestic initiatives such as the "Drone Line," launched in February, which aims to accelerate battlefield drone deployment. Read also: Ukrainian drones hit Russian cruise missile factory, SBU source says, in one of largest reported strikes of full-scale war We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Yahoo
24-03-2025
- Politics
- Yahoo
Drone Coalition allocates almost $22 million for Ukraine's reconnaissance drones
The partner countries of the Drone Coalition have allocated 20 million euros ($21.6 million) from a common fund to procure tactical-level reconnaissance drones for Ukraine, the Defense Ministry announced on March 24. "We are grateful to our partners for responding to this critical need. Prompt response and flexibility in making this decision are important, especially now when the Defense Forces need them most," said Deputy Defense Minister for Digitalization Kateryna Chernohorenko. The drones are expected to be delivered within three months. The allied initiative, co-led by the U.K. and Latvia, was launched in January 2024 to strengthen Ukraine's unmanned aerial vehicle (UAV) capabilities, a key factor in modern warfare. By late 2024, nearly 20 countries had joined the coalition. Kyiv has increasingly relied on long-range drones to strike deep into Russian territory, targeting military infrastructure, airfields, oil refineries, and logistical hubs. On March 11, Russia's Defense Ministry claimed its air defenses intercepted 337 drones across multiple regions, including 74 shot down near Moscow, marking what seems to be Ukraine's largest drone attack during the full-scale war. Kyiv has developed missile-drone hybrids, such as the Palianytsia and Peklo models, which feature turbojet engines as cost-effective alternatives to cruise missiles. President Volodymyr Zelensky has ordered the production of at least 30,000 long-range drones in 2025. Read also: Fire at Russian oil depot in Krasnodar Krai continues for 5th day after drone strike, authorities claim We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Yahoo
15-02-2025
- Politics
- Yahoo
Zelenskyy and Norwegian PM discuss cooperation in arms production
Ukraine's President Volodymyr Zelenskyy has met with Norwegian Prime Minister Jonas Gahr Støre on the sidelines of the Munich Security Conference. Source: Zelenskyy on X (Twitter), as reported by European Pravda Details: The meeting focused on the efforts needed to establish a just and lasting peace. "A key focus was on Ukraine's arms production, particularly long-range missiles and drones. Norway is already directly investing in our domestic defence industry, and we agreed to continue this cooperation," Zelenskyy said. He thanked Norway for all its assistance to Ukraine and said he hopes the amount of defence support will increase in the course of the year. Background: Norway recently announced that it is joining the Drone Coalition. In addition, Norway has announced its intention to provide Ukraine with additional air defence equipment worth NOK 1.2 billion (almost US$107 million). For reference: The drone coalition, which provides Ukraine with unmanned aerial vehicles, was established in 2023 and is led by Latvia and the United Kingdom. Support UP or become our patron!
