GlobeNewswire Inc | Dec 31, 2020 09:15AM EST

December 31, 2020

Los Angeles, CA, Dec. 31, 2020 (GLOBE NEWSWIRE) -- Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (Draganfly or the Company), an award-winning, industry-leading manufacturer and systems developer, is pleased to announce that the US Department of Agriculture has selected the use of the Draganfly Commander drones to do phenotyping and other related data collection and analysis.

The Draganfly Commander Ag-Pro model is a turn-key UAV package providing extended flight times, high level of data resolutions and accuracy and the utmost data security.

Draganfly drones are important within the agriculture industry as they support evidence-based crop, health, planning and spatial data collection. These tools and technologies can provide valuable data that can then be used to influence policies and decisions.

In light of the US Department of Commerce and the Bureau of Industry and Security having added several Chinese drone manufacturers and chip makers to the entity list with restricted access to key enabling US technologies, Draganfly believes that its trusted North American manufacturing and security is the new benchmark for governmental and private organizations.

The North America UAV market, according to Global Market Insights, recorded a valuation of USD 1.7 billion in 2017, and is likely to exceed USD 7 billion by 2024.

The growing use of UAVs within the US Department of Agriculture for diverse applications are fueling the need for our drones, said Cameron Chell, CEO of Draganfly. Draganfly is incredibly honored to be working with the Department of Agriculture and looking forward to serving their department on future projects.

Draganfly is the oldest commercial drone manufacturer in North America and is credited as the worlds first small unmanned aircraft system (sUAS) to save a first human life in a search and rescue operation and this drone is currently on display at the Smithsonians National Air and Space Museum.

About Draganfly

Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the creator of quality, cutting-edge software and systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 22 years, Draganfly is an award-winning, industry-leading manufacturer and technology developer serving the public safety, 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.

For more information on Draganfly, please visit us at www.draganfly.com.For additional investor information visit https://www.thecse.com/en/listings/technology/draganfly-inc, https://www.otcmarkets.com/stock/DFLYF/overview or https://www.boerse-frankfurt.de/aktie/ draganfly-inc

Media Contact Arian Hopkins email: media@draganfly.com

Company Contact Email: info@draganfly.com

Forward-Looking Statements

This release contains certain forward looking statements and certain forward-looking information as defined under applicable Canadian 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 the US Department of Agriculture use of the Draganfly Commander drones to manage crop health. 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 Companys 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 current outbreak of the novel coronavirus known as COVID-19 on the Companys 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 and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties disclosed under the heading Risk Factors in the Companys most recent filings filed with securities regulators in Canada on the SEDAR website at www.sedar.com. 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.