Draganfly (DPRO.CN, NASDAQ: DPRO) on Thursday was up about 2% in U.S. pre-market trading after it secured a Federal Aviation Administration (FAA) waiver enabling its small unmanned aircraft to conduct operations over human beings and moving vehicles.
U.S-listed shares of DPRO were last seen up $0.05 at $3.0099 in pre-market trading.
The waiver allows Draganfly to conduct flights beyond the standard operational restrictions of FAA Part 107 regulations. The permissions cover a prescribed flight route over the city of Boston.
"Securing this FAA waiver underscores the trust and confidence we have built with regulatory authorities and reflects the safety and strength of our UAV platforms," said Draganfly Chief Executive Cameron Chell. "This achievement allows us to deploy drones for critical applications in urban environments, including public safety, infrastructure inspection, and specialized mission support."
The company's drone systems are equipped with advanced airspace management capabilities and precision controls, enabling compliance with the stringent safety standards set forth by the FAA.
Shares of the company closed down $0.050 or 1%, to $4.230 on Wednesday on the Canadian Securities Exchange.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.