Delta Drone is now ready for a strong growth dynamic
18 Maio 2020 - 11:25AM
Delta Drone is now ready for a strong growth dynamic
Dardilly, 18 May 2020
The beginning of the exercise is marked
by the commercial success of the new solutions
A few months after the announcement of its
commercial launch, the ISS SPOTTER solution has attracted a great
deal of interest from a clientele of major industrial groups, both
in France and abroad. The first successful sales are first-rate
references to convince more and more customers, although the very
nature of the system, which is dedicated to enhancing the safety
& security of often sensitive sites, requires that the
contracts signed be confidential.Currently, the manufacturing plan
is based on the planned production of more than 25 systems in 2020,
some of which are expected to be commissioned in the second half of
the year.In this respect, it should be recalled that the
installation of a system on site is a relatively long and complex
process since it requires, on the one hand, a full environmental
analysis and the creation of associated infrastructures and, on the
other hand, the integration of the software part into the overall
monitoring system already in place.
Building on the success of the ROCKETMINE
solution for the mining sector in Africa, the group recently
decided to extend its scope to Australia, a country of
world-leading importance in the sector.The merger currently
underway of the entities DELTA DRONE SOUTH AFRICA (parent company
of Rocketmine Ltd, Rocketmine Ghana and DSL Africa) and PARAZERO
Ltd. falls within this strategic framework. Operationally, a new
subsidiary ROCKETMINE AUSTRALIA is being created.
The agreements signed between DELTA DRONE and
GEODIS concerning the COUNTBOT solution provide for the deployment
of systems primarily on sites identified by GEODIS, which will
initially be operated by DELTA DRONE teams in the form of service
delivery. The implementation plan is being finalized, somewhat
delayed by difficulties arising from the current health crisis.
Finally, as the SAFESPRAYBOT solution is a
system derived from the Countbot solution, it is best to set an
order of priority for the deployment of this newly developed
solution. In addition, this schedule allows for taking the time
necessary to engage with potential partners, including chemical
groups, to optimize the quality of the disinfectant products used.
It also makes it possible to wait to know precisely what health
rules will be issued by public authorities once a “return to
normal” begins.
Taking into account these very promising first
elements, the group decided to create five permanent demonstration
centres, where the range of solutions will be presented and used in
real-life situations during dedicated sessions. They are expected
to be operational before the end of this year, and will be located
in France, the Czech Republic, Morocco, Australia and South Africa.
In the latter country, the demonstration center will be coupled
with a training center for drone remotes, hosted on a closed site
of more than 20 ha made available by the University of
Pretoria.
The end of the shelter-in-place period in France
allowed the opening of the new production site in Dardilly to be
rescheduled for the end of May. Production is expected to start by
early July at the latest.
Regarding the “services” branch, the activity
was been obviously impacted by the stay-at-home period, during
which the data-acquisition missions and training sessions had to be
postponed. Conversely, the “traditional private security” activity
was not significantly impacted, except for the missions related to
the “events” part.
Particular attention paid to securing
the financial structure
The unprecedented shelter-in-place situation and
the uncertainties associated with the time ahead do not call into
question the implementation of the 2020 – 2021 plan and the
accompanying objectives.However, at a time when the Group is
embarking on a new phase in its history, it became necessary to
anticipate any adverse effects of a general economic environment
that is likely to be difficult so as to not slow the growth
dynamic.
It is with this in mind that we must understand
and analyze the Group’s recent initiatives:
- On 27 March, a stable shareholding was set up thanks to Ott
Ventures’ capital investment;
- Signature on 7 April of a €10 million ORNAN contract with the
Yorkville Advisors fund, a historic partner of the Group since its
change of governance in 2014, subject to the shareholders’ approval
in an Extraordinary Meeting;
- Extraordinary General Shareholders' Meeting held on 24 April
for the purpose of obtaining the necessary authorisations to ratify
the ORNAN contract and to carry out any additional
fundraising.
Thanks to this mechanism, the issuance of a
first tranche of ORNAN of €1 million facilitated the payment in
full of operating debts without taking on the risk of bank debt or
having to face maturities resulting from payment deferrals in the
coming months, while maintaining a satisfactory level of positive
cash (above €2 million).
In view of this situation, thanks to the first
contracts signed recently for the SPOTTER ISS solution, the proven
prospects for the COUNTBOT solution and the launch of the new
SAFESPRAYBOT solution, the signing on May 11 of a €1 million loan
in the form of convertible bonds entirely subscribed by Ott
Ventures marks our reference shareholder’s willingness to step up
its role by now actively supporting the financing of growth.
Discussions are underway with Ott Ventures to set up complementary
means to finance the successful execution of the expansion project
in Australia, the creation of a new subsidiary in Prague (Czech
Republic), the creation of five demonstration centres in France and
abroad, and the working capital in connection with the production
programme for professional solutions.Under these conditions, the
use of the ORNAN contract could be limited in the short term,
depending on the market capitalisation level, so as not to
accentuate dilution.
Finally, this week, the Group launched a new
version of the www.deltadrone.com website, entirely revamped to
better reflect Delta Drone today. This new website, available in
English and French, will be progressively translated into other
languages.
The Annual General Meeting for the approval of
the accounts is set for 15 June 2020 at the head office in
Dardilly. The BALO notice was published on 8 May 2020 and is
available at www.deltadrone.com.
About Delta Drone: The Delta
Drone Group is a recognized international player in the field of
civilian drones for professional use. It develops a range of
professional solutions based on drone technology as well as all
related services, thus providing a full value chain.Delta Drone is
listed on Euronext Growth Paris – ISIN code: FR0011522168Also
listed on Euronext Growth: 33 443 695 BSA Y – ISIN code:
FR0013400991 www.deltadrone.com
Investor-relations
contact:
Press contact:
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Jérôme
Gacoin |
Robin Ecolan |
+33 1 75
77 54 65 |
+33 1 55 02 14 70 |
jgacoin@aelium.fr |
r.ecolan@open2europe.com Sarah Ousahla+33 1 55 02 15
31s.ousahla@open2europe.com |
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