Birth of DELTA DRONE INTERNATIONAL Ltd, company listed on the ASX
stock exchange in Sydney, Australia
Birth of DELTA DRONE INTERNATIONAL
Ltd,company listed on the ASX stock exchange in
Sydney, Australia
- Solid development base in Australia
- Key position on the United States market
- Presence at the core of the technology sector in
Israel
Dardilly, October 13, 2020 at 6PM
Initiated during last spring (see press release
of March 12, 2020), the merger project between Delta Drone South
Africa and the Australian company Parazero Ltd is taking shape and
should be completed before the end of 2020, as evidenced by the
official press release published in Australia under the supervision
of the ASX - Australian Securities Exchange.
https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02293270-6A1000977?access_token=83ff96335c2d45a094df02a206a39ff4
1 – The outline of Delta Drone International
Ltd
For a better understanding of the operation, the
main steps are as follows:The merger of Delta Drone South Africa (a
company incorporated under South African law, parent of the
operating companies Rocketmine Ltd Pty, Rocketmine Ghana,
Rocketmine Australia and DSL Africa) with the Australian company
Parazero Ltd (the parent of the Israeli company Parazero IL) will
result in the creation of a group which will be renamed DELTA DRONE
INTERNATIONAL Ltd.
- Delta Drone International Ltd will be an Australian company
listed on the ASX Sydney Stock Exchange.
- Following the operation, Delta Drone (France) will be the first
shareholder of Delta Drone International Ltd and will have vocation
to become the majority shareholder: Delta Drone (France) obtained
from the FIRB - Federal Investment Review Board (public organism
attached to Ministry of Finance) approval to own more than 65% of
an Australian company.
- The fundraising required by the ASX, ranging between Aus$ 3.5M
and Aus$ 5M, will provide Delta Drone International Ltd with
sufficient financial resources to self-finance its development plan
(this fundraising will be carried out in November, prior to the
re-listing on the Sydney Stock Exchange).
- When re-listed, the market capitalization of Delta Drone
International Ltd will be at least Aus $ 15 M.
- DD international will be managed by Eden Attias (Chairman) and
Christopher Clark (CEO), the latter being expected to settle
permanently with his family in Australia (Adelaide).
As a reminder, in the course of last April,
Delta Drone South Africa created a subsidiary called Rocketmine
Australia, in order to settle an operational base to start and
develop activities in Australia. Based in Adelaide (South
Australia), Rocketmine Australia obtained on July 29, 2020 the
official approval of CASA - Civil Aviation Safety Authority
necessary to operate civilian drones for professional use.
2 – The highly strategic dimension of Delta
Drone International Ltd
The integration of Delta Drone International Ltd
into the Delta Drone Group strengthens its international audience.
It is likely to foster the ambition of the group, as described in
the 2020-2021 plan, which aims at achieving a consolidated turnover
of 30 M €, a positive operating profitability of 10% and 30% of the
activity carried out outside France.
On the strategic level, the operation opens up
new opportunities for the group.
2 – 1 – A solid base for development in
Australia
The commercial success of the Rocketmine
solution, dedicated to the mining sector, has been proven and
growing in southern Africa and Ghana with a clientele composed of
international groups, most of which are either Australian or have a
strong presence in Australia.Furthermore, the recent development of
solutions for the digitization of mining sites, including
underground mines, opens up considerable development prospects,
with little competition today given the financial investments
required.
Considering their location, size and the value
of minerals extracted, mine sites continuously invest to improve
safety and security. Therefore, they constitute a privileged and
suitable target for the ISS Spotter solution from Delta Drone.
The physical and permanent presence in Australia
of Chris Clark, the main architect of Rocketmine's success in
Africa, will be an important asset in ensuring business
development. In this regard, the Group's organization in South
Africa has been strengthened, with the recruitment of a local
manager to conduct day-to-day management.
2 – 2 – A key position on the United
States market
Parazero IL is an Israeli high-tech company that
designs and markets sophisticated safety systems on drones.
Installed via “plug and play”, and compatible with any drone, the
systems operate autonomously and fully automatically, ensuring
instantaneous trigger of safety maneuvers in the event of an
incident, without risks of time-related delayed reaction of a human
operator.The reliability and efficiency of the systems have enabled
Parazero IL to become one of the few companies whose products are
approved by the FAA - Federal Aviation Administration in the United
States and Transport Canada - the department within the Government
of Canada responsible for developing regulations, policies and
services of road, rail, marine and air transportation in Canada to
equip DJI drones such as Mavic and phantom.
Today, Parazero IL achieves more than 40% of its
turnover in the United States, the growth potential is significant
in a market where overflights of populated places are increasing,
requiring the addition or integration of approved safety
devices.
It should be noted that the Parazero safety
system is being integrated into the drones equipping the Delta
Drone ISS Spotter solution.
2 – 3 – A presence at the core of the
tech sector in Israel
With a team consisting of about ten people,
mostly engineers, Parazero IL is based in Tel Aviv, Israel. It
fully benefits from the constant dynamism that drives the entire
technology sector, particularly the drone sector, positioning the
State of Israel among the most advanced countries in the world in
terms of innovation.
In addition, Parazero benefits from a special
position in the sector, due to the personality and career of its
leader, Eden Attias, who became an entrepreneur after retiring from
the Isreaeli Air force as a Brigadier General. Before occupying the
function of Chairman & CEO of PARAZERO, Mr. Attias has worked
for 3 years as a diplomat on behalf of the State of Israel in
Canada. More specifically he was in charge of relations with the
civil and military aeronautical industry.
About Delta Drone: The Delta
Drone Group is an international player in the field of civilian
drones for professional use. It provides a range of professional
solutions specifically designed for targeted sectors, as well as a
complete selection of related services. Delta Drone is listed on
Euronext Growth Paris – ISIN code: FR0011522168 Also listed on
Euronext Growth, the BSA Y – ISIN code: FR 0013400991
www.deltadrone.com
Investors
contact:
Press contact:
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|
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Jérôme
Gacoin |
Louise caetano |
+33 1 75
77 54 65 |
+33 1 55 02 15 13 |
jgacoin@aelium.fr |
l.caetano@open2europe.com Sarah Ousahla+33 1 55 02 15
31s.ousahla@open2europe.com |
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