Delta gets off the ground with Strayos

ASX-listed Delta Drone International says a maiden sale to a Democratic Republic of Congo gold company has started to validate its partnership with US drone data analytics firm, Strayos.

While its shares dived 18% on the day, capitalising the company at circa-$5.5 million, Delta said its “revised integrated business model” was effectively in play with its first contract for the sale of Strayos’ AI data and visualisation platform to an unnamed customer.

Delta is combining its drone-as-a-service offering with the software.

It signed an alliance agreement with Strayos last November.

“The 12-month agreement consists of a software licence and hardware sale which also includes the provision of consulting and training services,” Delta said.

“The software licence component will contribute to the company’s annual recurring revenue and total contract value metrics.”


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