Balko Technologies Enters into Agreement with Draganfly for Integration of Advanced Modular LiDAR Drone Solutions; Multiple Orders Placed | DPRO Stock News

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Apr 09, 2025
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  • Draganfly (DPRO, Financial) partners with Balko Technologies to integrate LiDAR systems into drone platforms.
  • Balko becomes an official distributor of Draganfly products in North America.
  • Multiple orders have been placed, with one delivery completed in Q1.

Draganfly Inc. (DPRO), a leading developer of drone solutions, has entered a strategic partnership with Balko Technologies to integrate advanced LiDAR systems into its drone platforms, namely the Commander 3XL and Apex UAS. This collaboration aims to enhance industrial, energy, and environmental monitoring applications across North America.

Under the agreement, Balko Technologies is appointed as an official distributor of Draganfly's products. The partnership has already yielded several purchase orders for Draganfly’s Commander 3XL drones, equipped with Balko’s modular Connectiv LiDAR sensors. Notably, one of these orders was successfully delivered in the first quarter.

Cameron Chell, President and CEO of Draganfly, emphasizes the strategic advantage this partnership brings, enabling the company to offer more robust aerial mapping and data collection solutions. The collaboration leverages Balko’s expertise in LiDAR to address diverse industrial requirements efficiently.

Maude Pelletier, President of Balko Technologies, shared enthusiasm regarding the partnership, highlighting the shared commitment to innovation and precision that will benefit their mutual clients. This collaboration is expected to significantly bolster both companies' positions in high-margin, industrial-grade drone markets.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.