Brossard, Quebec - TheNewswire - February 11, 2021 - Windfall Geotek (TSXV:WIN) (OTC:WINKF), a mining services company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector is pleased to announce that they have begun field testing of the EagleEye™ Land mine detection solution with Draganfly (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8) an award-winning, industry-leading drone solutions, and systems developer. This test included joint research, development, and engineering support for the development of drones and sensor equipment.
Approximately CAD $700,000,000 was spent by industry and government in 2018 to deal with this problem of LANDMINES AND EXPLOSIVE REMNANTS OF WAR (identify multiple APM and IED devices in a variety of terrain and contexts.
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Dinesh Kandanchatha, Chairman of Windfall Geotek commented: “Draganfly has invested through 2020 in new capabilities in drone based magnetometer technology and other remote sensing equipment. The depth of the Draganfly engineering team, drone services group and expert advisory in public safety was instrumental to get us to these first tests.”
Cameron Chell, CEO of Draganfly commented: “Windfall Geotek is the industry leader in AI based digital exploration for mining. We have now the right mixture of equipment and data to begin testing this proven platform on the global problem of landmines. The two companies share a mission of saving lives through technology. These tests are critical to generate new and expanded revenue streams for both companies in the Defence sector, public safety, and other markets where both companies have expertise.”
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About Windfall Geotek – Powered by Artificial Intelligence (AI) since 2005
Windfall is an Artificial Intelligence company that has been in business for over 15 years developing its proprietary CARDS analysis (AI) and data mining techniques. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the Land Mine detection application as a high priority. Windfall has played a part in numerous past discoveries utilizing its methodology as described at: https://windfallgeotek.com/.
Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software and AI 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-leader serving the public safety, agriculture, industrial inspections, security, 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.
For more information on Draganfly, please visit us at www.draganfly.com.
For additional investor information, visit https://www.thecse.com/en/listings/technology/draganfly-inc, https://www.otcmarkets.com/stock/DFLYF/overview or https://www.boerse-frankfurt.de/aktie/draganfly-inc.
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Additional information about the Company is available under Windfall Geotek’s profile on SEDAR at www.sedar.com. Neither the TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and using information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and they are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
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