All verified mentions of this organization in source documents.
The proceeds from the sale of ParaZero Technologies will significantly strengthen Delta Drone International’s balance sheet.
Post-sale, Delta Drone International will have a strengthened balance sheet and a substantially reduced need for cash to fund R&D investments that had been required by the ParaZero business.
An additional AU$0.9 million will be available to Delta Drone International 12 months from completion of the sale.
Delta Drone International has entered into a binding agreement to sell ParaZero Technologies for a total consideration of AU$6 million in cash.
Delta Drone International purchased Arvista Pty Ltd in Australia in September 2021.
The sale allows Delta Drone International to focus on becoming one of the leading drone service providers globally.
The retained exposure to ParaZero technology will enable Delta Drone International's shareholders to benefit from its future success.
The funds from the sale will allow Delta Drone International to invest in building its team, particularly in sales, marketing, and service areas.
Delta Drone International retains the opportunity to utilize the ParaZero products and services on a commercial basis after the sale.
Delta Drone International aims to deliver its leading drone services to more customers in the mining and agriculture industries.
Delta Drone International successfully acquired the Delta Drone South Africa business in December 2020.
Delta Drone International CEO Christopher Clark stated that ParaZero Technologies and its team were the inspiration for listing the Company on the ASX in 2018.
Delta Drone International will have approximately AU$5.1 million in cash available at completion of the sale.
Delta Drone International secured fourth place in the 2021 Top Drone Service Providers report by Drone Industry Insights.
Delta Drone International has demonstrated expertise in tailored drone solutions.
Delta Drone International CEO Christopher Clark emphasized that enterprise customers trust the company to perform critical surveys.
Delta Drone International is entering the Niger market for the first time to perform a virtual 3D model baseline survey for GoviEx Uranium's potential new Madaouela mine.
The baseline survey will use Delta Drone International's advanced surveying and data capture technology to create a shareable view of the potential mining site.
Delta Drone International’s specialist mining pilots will deploy surveying drones over a two-week period for the project.
Delta Drone International is the first company commissioned for a project in Niger, where drone operations require military clearance.