Mr. Cameron Chell reports

COLDCHAIN DELIVERY SYSTEMS FINALIZES $750,000 DEFINITIVE AGREEMENT WITH DRAGANFLY

Draganfly Inc. and Coldchain Technology Services LLC have signed a definitive agreement to develop, deploy and operate solutions for the delivery of medical supplies, medicine and vaccines.

Coldchain Delivery Systems provides solutions for health care supply chain management for multiple governments and commercial clients, including the Defense Logistics Agency, the Centers for Disease Control and Prevention, Reserve Component forces, Johnson & Johnson brands, Chicago Department of Public Health, Texas Department of State Health Services, and others.

The definitive agreement provides for phase 1 of a planned five-phase rollout for the comprehensive development, deployment and operation of a medical drone delivery service, as well as the development of a solution for the timely delivery of medical supplies, medicine and vaccines. Phase 1 will also include working with various regulatory bodies, including the Federal Aviation Administration, to obtain licences and approvals for initial non-commercial beta test delivery routes. Phase 2 has a value of $125,000, to be executed over a maximum of 10 months, and the parties have agreed to negotiate an extension to the definitive agreement for phase 2 prior to the expiry of phase 1. Under phase two, Coldchain Delivery Systems will commit to purchasing no less than $625,000 (U.S.) in equipment and services from Draganfly.

"The partnership between Coldchain Delivery Systems and Draganfly will enable us to ensure delivery of medicine, supplies and vaccines," said Wayne Williams, founder and executive director of Coldchain Delivery Systems. "Draganfly's commitment to enabling access to essential medical supplies by building an advanced payload system to accommodate our requirements is extremely exciting."

"We are excited to develop a payload system that will leverage our extensive patent portfolio as well as secured auto-pilot and flight management system," said Cameron Chell, chief executive officer of Draganfly. "Coldchain Delivery Systems is a leader in health care supply chain management and we are looking forward to helping deliver via UAV medical supplies to remote areas."

About Draganfly Inc.

Draganfly 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.

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