Adherence to ITAR Standards Enhances Ability to
Obtain Government and Military Contracts
Vancouver, British Columbia, Dec. 19, 2019 (GLOBE NEWSWIRE) — Draganfly Inc. (CSE: DFLY) (OTC: DFLYF) (FSE: 3U8) (“Draganfly” or the “Company”) subsidiary, Draganfly Innovations, an award-winning, industry-leading manufacturer within the commercial Remotely Piloted Aircraft System (“RPAS”) and the Unmanned Vehicle Systems (“UVS”) space, announced that it has been registered with the Controlled Goods Program of Canada.
“Controlled goods” is a term used to refer to equipment used in Canada’s defense and security industries, including but not limited to military equipment, communications equipment and related pieces of intellectual property. As a result of this registration, Draganfly is authorized to work with and handle ITAR (International Traffic in Arms Regulations) controlled goods and technologies. This registration simplifies the regulatory process United States clients face when contracting Draganfly for sensitive projects.
All defense products and components produced at the Draganfly facility are manufactured consistently to meet these requirements.
“Draganfly has been on Canada’s Controlled Goods Program since March 2019. This means that we are authorized to work with and handle ITAR controlled goods and technologies. This ability makes it much easier for US clients doing work for the government and military to contract us on projects.” said Tim Lee, VP of Engineering and the Designated Official for the Controlled Goods Program at Draganfly.
The inclusion of ITAR compliant practices via the Controlled Goods Program is an indicator of Draganfly’s commitment to serving customers with quality and regulatory excellence. This means that the necessary controls are in place to ensure that all controlled data and products are only available to approved personnel. This process assures government and military customers that these materials will not get into the hands of non-authorized persons.
About Draganfly
Draganfly Inc. (CSE: DFLY; OTC: DFLYF; FSE: 3U8) is the creator of quality, cutting-edge, UVS and software that revolutionizes the way people do business. Recognized as being at the forefront of technology for over 21 years, Draganfly is an award-winning, industry-leading manufacturer within the commercial UAV and UVS space, serving the public safety, agriculture, industrial inspections 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 www.thecse.com and www.otcmarkets.com searching DFLY or visit https://www.boerse-frankfurt.de/ searching 3U8.
Media Contact
Arian Hopkins
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Company Contact
Phone: 1-306-955-9907
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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 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 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. 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.
The CSE has not in any way passed upon the merits of the listing of the common shares of Draganfly and has neither approved nor disapproved the contents of this news release. Listing of the common shares of Draganfly is subject to satisfaction of the listing requirements of the CSE, including customary deliverables in satisfaction of the conditional approval.
