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DDrone Invest (Delta Drone Group) invests €1M in the Donecle company and becomes a shareholder alongside the 4 founders

DDrone Invest Inc., an investment company governed by U.S. law, a wholly-owned subsidiary of Delta Drone SA, announces that it has entered into a capital agreement with the Donecle startup. Pursuant to this agreement, DDrone Invest has subscribed to a reserved capital increase and has become a shareholder alongside the four founders. This contribution of new financial resources will allow Donecle to continue the development of its technologies and activity, specifically on an international level.

Founded in 2015 by four partners, the company is based in Toulouse (31) within the IoT Valley acceleration association, the first ecosystem specialized in IoT (the Internet of Things), which brings together over thirty innovative companies and startups. Donecle is a member of the Aerospace Valley competitiveness cluster, the Robotics Place cluster and the Hardware Club. Donecle has won many prizes, including MIT Innovator Under 35 France, La Tribune – BNP Paribas Young Entrepreneur Prize, Norbert Ségard Young Engineer/Creator Prize, and was the winner of i-Lab 2016 (BPI France/French Ministry of Research).

Donecle develops drone systems that are capable of automatically inspecting large structures 20 times faster than by using current methods. The company is focusing first on the aeronautics market: the visual inspection of a commercial airplane takes an average of eight hours; with each hour the aircraft is grounded costing the airline several thousands of euros.

Donecle proposes an inspection solution that is 100% automatic using a swarm of drones to scan the airplane’s surface and cataloguing in real time the defects or damage found on the fuselage. Inspection is completed in 20 minutes, allowing airlines to save the time it would take to fly from Paris to Toulouse four times with each inspection.

Donecle has patented several technologies that allow its drones to function 100% automatically, either indoors or outdoors, without GPS or tracking system. The company is contemplating increasing the scope of its technologies to address inspection challenges in other sectors, such as wind farms.

A first partnership with an airline is being finalized, and this will make it possible to test the solution in the field.

In addition, Donecle’s know-how will be the subject of an evaluation by Delta Drone’s technical teams in order to determine other possible applications for the Donecle solution to the services currently offered by the Group, such as the warehouse-inventory project being carried out for Geodis.

About Delta Drone: The Delta Drone Group is a renowned player in the field of civilian drones for professional use. It offers a complete service, from data acquisition to data processing through a specifically developed information system, including a supply of professional pilots. These pilots are trained and certified by EFD, a subsidiary of the Group, and local partners.

Delta Drone is listed on the Alternext market of Euronext Paris. ISIN code: FR0011522168.
www.deltadrone.com

Contact : Jérôme Gacoin
01 75 77 54 65

Download the October 11, 2016 press release

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