December 15, 2025, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Drone Volt SA (PA: ALDRV) titled, “European Drone Maker Coming to US”. The report can be accessed here.

Founded in 2011, Drone Volt (Euronext Paris: ALDRV) is an aeronautical manufacturer specializing in professional civilian drones and artificial intelligence. Drone Volt has operations in France, Benelux, Canada, Denmark, the Netherlands, the United States, and Switzerland. As a global partner, Drone Volt offers its customers turnkey business solutions, including various services and drone pilot training.

A major focus for Drone Volt is capitalizing on the structural reset in the North American and European markets caused by regulations banning non-Western (specifically Chinese) drones. Drone Volt is NDAA compliant and is initiating US production for its Kobra drone, making it eligible for Blue UAS federal procurement and positioning it as a trusted alternative for critical infrastructure and defense buyers. This strategic move is intended to fill the significant procurement vacuum created by the new tariffs and restrictions.

Comparables have a median P/S of 33.9x, while ALDRV is trading at a significant discount of 2.2x. As the company is just now ramping sales, the premium is not surprising. The company’s comps include drone makers and suppliers.

About Water Tower Research

Water Tower Research is modernizing investor engagement through research-driven communications. Sound investment research begins with good information. At WTR, we help companies and investors connect by creating expert information flow and strategies that are the foundation of a successful modern investor engagement platform. Our analysts and capital markets professionals bring decades of unrivaled Wall Street experience and insight into a new digital world of investor communications and engagement. Our research and investor content is open for everyone to access and distributed across traditional research aggregators Bloomberg, FactSet, etc., proprietary direct distribution lists, social media, search engines, and our website. As a result, every institutional and retail investor has equal access to our high-quality company research. Our mission is to help companies proactively reach investors while bringing investors a consistent flow of quality information to help them understand our clients’ businesses, industries, and the investment opportunities they present.