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SALT LAKE CITY/TAMPA - Palladyne AI Corp. (NASDAQ:PDYN) and Draganfly Inc. (NASDAQ:DPRO) announced Tuesday their plans to collaborate on integrating Palladyne’s Pilot AI software into Draganfly’s unmanned aerial vehicle platforms. Draganfly, with a market capitalization of $191.8 million, has seen impressive growth with a 211.9% return over the past year, according to InvestingPro data.
The integration aims to enhance Draganfly’s drone systems with Palladyne’s edge-based intelligent swarming and collaborative AI software. The Palladyne Pilot system allows multiple UAVs to operate as a coordinated team managed by a single operator while enabling autonomous tracking capabilities.
According to the companies, the integration will provide Draganfly’s platforms with expanded capabilities including autonomous swarm operations, real-time intelligence, surveillance and reconnaissance, and improved operator efficiency.
"Draganfly has earned its reputation as one of the most trusted names in UAV innovation," said Ben Wolff, President and CEO of Palladyne AI.
Cameron Chell, CEO of Draganfly, stated that "Palladyne AI is enabling drone platforms to incorporate autonomy features that were even recently limited to large and costly systems."
The companies noted that integration of Palladyne Pilot with Draganfly systems outside the United States will require necessary government approvals.
Draganfly has been providing professional-grade UAV systems to government, defense, and commercial organizations globally for more than two decades. Palladyne AI develops artificial intelligence software for robotic platforms in defense and commercial sectors.
The announcement was made in a press release statement issued by both companies.
In other recent news, Draganfly Inc. reported a 37% increase in revenue for the second quarter of 2025 compared to the previous quarter, with a 22% rise year-over-year. Despite this growth, the company experienced a comprehensive loss of $4.7 million, an improvement from the $7.1 million loss in the same quarter last year. Draganfly’s cash position also improved significantly, reaching $68 million post-financing. H.C. Wainwright raised its price target on Draganfly to $14 from $9, maintaining a Buy rating, citing recent business announcements with the U.S. Army as a key factor. Draganfly was selected by the U.S. Army to provide Flex FPV drone systems, which will include establishing on-site manufacturing capabilities. Additionally, Draganfly showcased its Commander 3XL and Flex FPV drone systems at a U.S. Department of Defense technology exercise. The company is also positioned to support Canada’s $220 million military aid package to Ukraine, which focuses on advanced drone and counter-drone capabilities.
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