Delta Drone SA logo

ALDR - Delta Drone SA News Story

€0.022 -0.0  -0.5%

Last Trade - 19/04/21

Sector
Industrials
Size
Micro Cap
Market Cap £9.69m
Enterprise Value £7.91m
Revenue £14.7m
Position in Universe 777th / 847

Delta Drone acquires stake in DIODON Drone Technology

Mon 1st March, 2021 5:00pm
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210301:nGNE73tGj9&default-theme=true


Delta Drone acquires stake in DIODON Drone Technology

March, 1, 2021 - 6 p.m.

Delta Drone and DIODON Drone Technology today announced the signing of a
capital agreement, combining capital increase and issuance of a convertible
bond, which will allow Delta Drone to hold a minority stake of more than 10%
in the capital of the Toulouse start-up, alongside the two founders and
executives of the company.

This operation will enable DIODON Drone Technology to have increased financial
resources, notably to finance the industrialization and commercialization of
its new drone, the DIODON HP30.

Created in March 2017 in Toulouse by two engineers who graduated from
ISAE-Supaéro, the company is developing a very innovative and unique concept
in the world of micro-drones with inflatable structure of reconnaissance,
surveillance and inspection dedicated to demanding environments (maritime,
sandy, equatorial).

The first system presented was the DIODON SP20 at Eurosatory in June 2018, a
rustic multirotor drone with an inflatable structure. With feedback from
experience, for example during a deployment on Barkhane in mid-2019 or the use
of the drone by european marine special forces, the company then embarked on
the development of a professional, industrialised drone for maritime
applications.

One year after the launch of the program and despite the COVID-19, the DIODON
HP30 was born.  While it is also based on an inflatable structure
characteristic of the DIODON range, the technological leap is all the greater
as the technology and components differ. While the DIODON SP20 used components
on the shelf, it was impossible to do the same for a drone that was rustic and
really amphibious.
The DIODON HP30 has been developed around a very high-performance payload,
completely waterproof and mechanically stabilized, which will allow the drone
to operate day and night, thanks to two electro-optical and thermal sensors.
More than the detection, recognition and identification (DRI) aspect, the
entire vector has been improved, from the military-grade connectivity, to the
completely watertight external batteries, to the specific electronics designed
with strong sovereignty constraints.





However, an aerial drone operates primarily in a more complex system from
which it represents only a deported sensor. In this logic and thanks to the
mastery of DIODON Drone Technology of the entire manufacturing of the system
(drone, ground station, batteries ...), the company has been able to forge
strong links with French companies to innovate in the drone segment.

Strong links at first with well-known French naval defence players, such as
Nexeya  and  Naval Group, which supported them in the development of their
drones. And also with regional startups, such as Donecle (of which Delta Drone
is a shareholder) which specializes in automated inspection, to develop, for
example, an automatic inspection drone solution for offshore wind turbines.

These technological and commercial partnerships make it possible to establish
DIODON Drone Technology as a key player on aerial drone topics in maritime
environments, both in the defence sector, as well as for civilian
applications.

For Delta Drone, investing in DIODON Drone Technology is a major strategic
opportunity. First, it complements in a very consistent way the minority
stakes taken in high-potential startups with close activities, notably Donecle
and Elistair. Secondly, "marine" technology could be used to support the ISS
Spotter professional solution, particularly in port infrastructure
surveillance and security services in France and abroad.

About Delta Drone: Delta Drone Group is a recognized international player in
the civil drone industry for professional use. It develops a range of
professional solutions based on drone technology as well as all associated
services that form a complete value chain.
Delta Drone shares are listed on the Euronext Growth Paris market - ISIN Code:
FR0011522168
Also listed on Euronext Growth of BSA Y - Code ISIN: FR 0013400991

www.deltadrone.com

Investor
Contact:                                                                 
Press Contact:

                                                                                                                                                                                       
 Jerome Gacoin         Louise Caetano                                                                                                                                                  
 +33 1 75 77 54 65     +33 1 55 02 15 13                                                                                                                                               
 jgacoin@aelium.fr     l.caeta (mailto:l.caetano@open2europe.com)no (mailto:l.caetano@open2europe.com)@open2europe.com   Sarah Ousahla +33 1 55 02 15 31 s.ousahla@open2europe.com     


Attachment
*     20210301_PR Diodon
(https://ml-eu.globenewswire.com/Resource/Download/c36d0932-28cd-4d80-93f3-9f5689e75921)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.