Delta Drone International relists on the ASX
31 Dezembro 2020 - 4:30AM
Delta Drone International relists on the ASX
Media Release |
31 December 2020 at 8.30 am |
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Delta Drone International relists on the
ASX
Highlights
- Successful merger between ParaZero and Delta Drone
South Africa
- Raised $5 million at $0.04 a share following strong
support from domestic and international investors
- Funds to be used to establish Australian operations,
initially targeting local mining and agricultural
industries
- Delta Drone International well placed to take advantage
of US Department of Transportation Federal Aviation Administration
(FAA) final rules for Unmanned Aerial Systems (UAS), for Operations
Over People (OOP), Remote ID, and Night Operations.
- Name and ticker code changed to Delta Drone
International Limited and DLT earlier this month
Delta Drone International Limited (ASX:
DLT, Delta Drone or the Company),
Australia’s first listed drones-as-a-service company, re-commences
trading on the ASX today following the successful merger between
world-leading drone safety company ParaZero and international drone
services provider Delta Drone South Africa.
The re-listing follows a strongly supported
capital raise of $5 million at $0.04 a share, resulting in a market
capitalisation of $20 million. The capital raise has enabled new
domestic and international investors to join the register, along
with existing ParaZero shareholders.
The combined entity achieved pro forma combined revenue in CY19
of A$5.8m and a historical revenue year-on-year growth rate of 40%.
Delta Drone International will provide drone services to the
mining, agricultural and engineering industries through a range of
contract and project services including aerial surveying and
mapping, security and surveillance and blast monitoring and
fragment analysis as well as safety system and compliance
management. The business is built to meet the demand for fast and
accurate survey data, as well as to support all the regulatory,
insurance and maintenance requirements needed to run these services
safely and consistently.
Funds from the capital raise will be used to
expand into the Australian market, initially targeting drone
services for the local mining and agricultural related industries –
an addressable market in 2020 of around A$277 million in Australia
alone or US$486 million globallyi.
Delta Drone is an established international
provider of drone services within these sectors with operations in
South Africa, Ghana and Namibia. Existing customers include South32
and Newmont Mining. The capital raise will also enable the new
entity to establish an Australian headquarters and expand its
operations in Southern Africa.
Delta Drone International CEO Chris Clark said,
“This strategic merger provides the business with substantial
growth opportunities, both in the short term and the long term.
Australia’s vast mining and agricultural sectors provide an
accelerated path to revenue, enabling mining companies to focus on
extracting resources out of the ground, while we take care of
collecting data from the air. This includes managing safety,
compliance, insurances, and maintenance. Our same-day survey data
turnaround and reporting is key to increasing operational
productivity, facilitating real-time planning and execution for
large-scale mining companies.”
“Meanwhile, our world-leading drone safety
technology will be essential as global urban drone deliveries
increase with new US Department of Transportation Federal Aviation
Administration (FAA) final rules announced this week for Unmanned
Aerial Systems (UAS), or drones, in the categories of Operations
Over People (OOP), Remote ID, and Night Operations. ParaZero’s
drone parachutes are at the forefront of commercial drone flight
waivers in Beyond Visual Line-of-Sight operations, including over
people, and we are confident this type of technology will become a
mandated safety standard as the industry evolves.
“These final rules will apply to the expanding
US drone sector, currently with more than 1.7 million drone
registrations and 203,000 FAA-certificated remote pilots (FAA,
2020). They will allow UAS operators to conduct flight operations
over people and moving vehicles across four main categories, with
varying degrees of flight permissions according to degrees of
regulatory compliance. ParaZero’s UAS safety systems are
well-positioned to provide an instrumental edge in supporting these
new categories, based on ParaZero’s patented autonomous parachute
technology, which is specifically designed and tested to meet
regulatory compliance for the required kinetic energy
thresholds.”
Funds from the capital raise will be also used
for sales and marketing support in Australia, as well as R&D in
Australia and Israel.
-ENDS-
More information:
Media Tristan EverettMarket EyeP: +61 403 789
096E: tristan.everett@marketeye.com.au |
About Delta Drone
International
Delta Drone International is a multi-national
drone-based data service and technology solutions provider for the
mining, agricultural and engineering industries. It provides aerial
surveying and mapping, security and surveillance, and blast
monitoring and fragment analysis through a fully outsourced service
with AI and fast data turnaround that allows enterprise customers
to focus on operations on the ground while Delta Drone
International takes care of everything in the air.
It has in-house enabling proprietary technology,
an R&D and integration centre and specialist expertise in
designing, developing and providing best-in-class autonomous safety
systems for commercial drone deliveries, drone flights for crowd
monitoring and in urban areas, as well as ‘beyond visual line of
sight’ (BVLOS) missions.
i Australian Drone Market Report 2019-2024 – Drone Industry
Insights (droneii.com)
- 20201231_relists_on_the_ASX