TORONTO, Aug. 17, 2021 /CNW/ - Drone Delivery Canada
Corp. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2AMGZ)
(Frankfurt: ABB.F) (the "Company" or "DDC") is pleased to announce
that it has signed a sales collaboration agreement, effective
August 16th, 2021, with
Nexeya Canada, a Hensoldt Company, to jointly explore military
applications for DDC's drone solution.
The agreement is for the parties to collaborate to identify,
develop and bid on military projects utilizing DDC's drone solution
for delivery and/or sensor related applications in Canada.
The initial term of the agreement is 24 months.
"At Hensoldt our value proposition is captured by our motto,
'Detect & Protect'. With the formalization of a working
relationship with Drone Delivery Canada we are eager to explore
opportunities where we can deliver our industry leading sensor
solutions in a new and innovative manner," says Michael Della Fortuna, CEO of Nexeya Canada. "We
look forward to collaborating with Drone Delivery Canada and
developing a stronger, combined offering, for our commercial and
military customers".
"We are pleased to sign this agreement with Nexeya Canada to
collaborate towards potential Canadian military
opportunities. We look forward to leveraging Nexeya Canada's
expertise in military projects to jointly explore delivery drone
and sensor drone applications using DDC's solution," said
Michael Zahra, President & CEO
of DDC. "As an award-winning industry leader, DDC is pleased to
continue to move the business forward to explore new channels and
markets."
About Nexeya Canada, a Hensoldt Company
Hensoldt
Canada designs, manufactures and supports embedded, stand-alone and
integrated systems and system support services for a variety of
capital intense and mission critical environments.
Hensoldt is a leading supplier for platform independent
offerings deployed across the domains air, sea, land and security
for armed and security forces worldwide. Hensoldt's portfolio
includes various sensor technologies, which, when combined, allow
detection capabilities to be improved substantially. Our solutions
are deployed on various platforms, including helicopters, aircraft,
unmanned aerial vehicles, ships and submarines, armoured vehicles
as well as satellites. For more information on Hensoldt,
please visit www.HensoldtCanada.com
About Drone Delivery Canada Corp.
Drone Delivery
Canada Corp. is an ISO 9001 certified, award-winning drone
technology company focused on the design, development, and
implementation of its proprietary logistics software platform,
using drones. The Company's platform is used as a Software as a
Service (SaaS) model for government and corporate organizations
globally.
Drone Delivery Canada Corp. is a publicly listed company trading
on the TSX.V Exchange under the symbol FLT, on the U.S. OTC QX
market under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F.
Read more at: www.DroneDeliveryCanada.com or on DDC's
social media:
https://www.linkedin.com/company/drone-delivery-canada
https://www.youtube.com/dronedeliverycanada
https://www.facebook.com/dronedeliverycanada
https://www.instagram.com/dronedeliverycanada
https://twitter.com/DroneDeliveryCa/
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Notice Regarding Forward Looking Information
Certain
information set forth in this news release may contain
forward-looking information that involves substantial known and
unknown risks and uncertainties. Such statements often address
expected future business and financial performance, financial
condition, and other matters, and often contain words or phrases
such as "expect," "may," "can," "believe," "forecast," "estimate,"
"goal," "target," "will," and other similar expressions, and
variations or negatives of these words or phrases. This
forward-looking information is subject to numerous risks and
uncertainties, certain of which are beyond the control of the
Company, including, but not limited to, the impact of general
economic conditions, industry conditions, market acceptance, and
dependence upon regulatory approvals (both in Canada and internationally). Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward looking information. Except as may
be required by applicable securities law, the parties undertake no
obligation to update forward-looking information, whether as a
result of new information, future events or otherwise.
![Drone Delivery Canada Corp. Logo (CNW Group/Drone Delivery Canada Corp.) Drone Delivery Canada Corp. Logo (CNW Group/Drone Delivery Canada Corp.)](https://mma.prnewswire.com/media/1595534/Drone_Delivery_Canada_Corp__Drone_Delivery_Canada_Signs_Collabor.jpg)
SOURCE Drone Delivery Canada Corp.