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TRACE Live Networks Acquires Renowned UAV Manufacturer Draganfly Innovations Inc.

VENICE, CALIFORNIA and TORONTO, ONTARIO--(Marketwired - Jul 23, 2015) -

Editors note: There are four images associated with this press release.

TRACE Live Networks, developer of The TRACEr1 - a visually intelligent camera capable of following its owner almost anywhere and live-streaming captured footage to the Internet - announced today, that it has acquired commercial sUAS (small Unmanned Aerial System) specialists, Draganfly Innovations Inc.

Founded in 1998 and located in Saskatoon, Canada, Draganfly Innovations has grown to be a globally recognized leader in commercial UAV development and production. It is the longest running manufacturer of multi-rotor helicopters in the world and the maker of the first civilian sUAS to be credited with saving a life. Draganfly Innovations' products are widely used in several commercial fields including law enforcement, search and rescue, agricultural mapping, industrial inspection and aerial photography.

The entire Draganfly Innovations development and engineering team, led by founder and President, Zenon Dragan, will remain in the current Saskatoon headquarters. Post-acquisition, TRACE will look to scale the existing Draganfly Innovations commercial sUAS business and combined engineering teams will collaborate on the further advancement of the TRACE Live Network auto-follow devices and live-streaming platform. They will also initiate development of several commercial applications for TRACE's visually intelligent SmartCameraTM technology.

Mr. Dragan will continue to lead Draganfly Innovations Inc. and will also join the TRACE executive team.

TRACE Co-founder, Cameron Chell, said of the acquisition, "Draganfly Innovations is undoubtedly one of the most respected organizations in the commercial UAV space and we see huge scope for growth, not only within the company's existing business, but through integrated applications of Draganfly UAVs with TRACE's visual intelligence tracking technology. We're incredibly excited to scale out Draganfly to service a wider market and put the expertise within our teams together to collaborate on some ground breaking and potentially life saving new products."

Draganfly Innovations Inc. founder and President, Zenon Dragan said, "This acquisition allows us to expand and provide our UAV solutions to larger markets. More organizations will benefit from the industry leading aerial imaging and data that our systems provide. We will continue to develop products that push the boundaries of technology."

About TRACE Live Networks

TRACE.com is a live-action content platform aggregating streamed footage from globally activated TRACEr1 devices. The TRACEr1 is a visually intelligent camera that autonomously operates a selection of tracking devices and live-streams captured user footage directly to the Internet.

TRACEr1 enabled devices allow people to be 'in' their greatest moments and have those moments captured and shared.

Please view the TRACE Live Network media kit here.

About Draganfly Innovations Inc.

Draganfly Innovations Inc., the longest running manufacturer of multi-rotor helicopters in the world and the maker of the first civilian small Unmanned Aerial System (sUAS) to be credited with saving a life, designs Draganflyer helicopters, the best aerial vehicles in the world, along with Draganview control software. A recognized technology and industry leader, Draganfly shapes the aerial imaging and public safety revolution with its gyro stabilized camera payload systems and digital video down-link technology. Draganfly has reinvented the Unmanned Aerial Vehicle and is defining the emergency services market with the Draganflyer Guardian, and X4-ES systems.

Please view the Draganfly Innovations Inc. media kit here.

To view the images associated with this press release, please visit the following links: