DELTA DRONE INTERNATIONAL SELLS PARAZERO IL FOR AN AMOUNT OF 6 MILLION AUSTRALIAN DOLLARS IN CASH
January 28 2022 - 02:00AM
DELTA DRONE INTERNATIONAL SELLS PARAZERO IL FOR AN AMOUNT OF 6
MILLION AUSTRALIAN DOLLARS IN CASH
DELTA DRONE INTERNATIONAL
SELLS PARAZERO IL FOR AN
AMOUNT OF 6 MILLION AUSTRALIAN DOLLARS IN CASH
January 28, 2022 – 8 a.m.
Delta Drone International Limited, a subsidiary
of Delta Drone SA, listed on the Sydney Stock Exchange, today
announced the sale of Israeli company ParaZero to a consortium of
investors for A$6 million, paid in cash.
This operation will allow Delta Drone
International to focus its development on service activities
dedicated to the mining sector in a well-defined geographical area,
the southern hemisphere, mainly in South Africa and Australia.
The proceeds of the sale significantly
strengthen Delta Drone International's equity and cash position,
which will thus have its own financial resources, which will
quickly position itself as a leading player in the sector.
Finally, the sale of ParaZero, whose activity is
highly capital-intensive, significantly reduces the need for
R&D financing.
Full information on this operation can be found
in the official press release issued today in Australia.
Commenting on the success of this major
operation, Christian Viguié, Chairman and CEO of Delta Drone Group
said:
"One year after gaining a foothold in Australia,
the sale of ParaZero Israel marks the culmination of an essential
step in our coherent and consistent international development
strategy, which is part of the group's desire to focus its
activities on the deployment of professional drone-based solutions
in three clearly identified global sectors: security, logistics and
mining.
Regarding the mining sector, it is obvious that
one of the main areas of operation in the world concerns the
southern hemisphere and more particularly the two major countries
which are South Africa and Australia. For this reason, the first
step, initiated in early 2017, was to acquire the company
Rocketmine in South Africa. From this solid base, the group has
gradually extended its activities to the entire African continent
by gradually constituting the Delta Drone South Africa sub-group,
until becoming the undisputed leader of its sector in Africa.
From 2020, the opportunity to also establish
itself in Australia was offered, it was seized through a merger
operation with the Australian company ParaZero Ltd, a company
listed on the ASX stock exchange in Sydney and immediately renamed
Delta Drone International. In 2021, the establishment in Australia
underwent a first major development with the acquisition of the
company Arvista Pty Ltd, located in Perth in the main mining state
of the island-continent, Western Australia.
It is important to point out that this
world-leading position was finally acquired at a very modest
investment cost. Indeed, the amount of the sale of ParaZero Israel
corresponds more or less to all the sums previously invested by the
group for 4 years.
With this now very strong position in the
southern hemisphere addressed to the mining sector, the group has a
base to accelerate its development throughout the area. It could
also create growth opportunities in other parts of the world also
affected by the mining sector, including the Americas, Canada and
the United States in particular. »
About Delta
Drone: Delta Drone Group is a recognized
international player in the field of civilian drones 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 BSA Y – ISIN
code: FR 0013400991www.deltadrone.com
Investor
Contact:AELIUM Jerome
Gacoin +33 1 75 77 54 65 jgacoin@aelium.fr |
Press Contact:OPEN 2
EUROPE Marie-Laure Laville +33 1 55 02 15 13
ml.laville@open2europe.comSarah Ousahla+33 1 55 02 15
31s.ousahla@open2europe.com |