TORONTO, Oct. 18, 2021 /CNW/ - Further to its press
release dated July 15th,
2021, Drone Delivery Canada Corp. (TSXV: FLT) (OTCQX: TAKOF)
(Frankfurt: A2AMGZ) (Frankfurt: ABB.F) (the "Company" or
"DDC") is pleased to announce that effective October 18th, 2021, its University of British Columbia ("UBC") drone
delivery solution at the Stellat'en First Nation for UBC's 'Remote
Communities Drone Transportation Initiative' ("DTI") program is
commercially operational. The term of the project is 12 months.
The project enables defined-route deliveries utilizing DDC's
Sparrow drone, its DroneSpot® takeoff and landing zones
and the Company's proprietary FLYTE software. The solution will be
used to transport a variety of cargo for the benefit of the
Stellat'en First Nation and the Village
of Fraser Lake, located in Central
Northern British Columbia, Canada.
UBC pays DDC an upfront fee and a monthly fee for the drone
route deployed, pursuant to the terms of the agreement. In addition
to projects with commercial customers, this project is DDC's fourth
First Nations drone solution and its first in British Columbia.
All operations will be conducted in accordance with appropriate
Canadian regulations. Flights will be remotely monitored by DDC
from its Operations Control Centre located in Vaughan, Ontario.
"We are pleased to move to commercial operations at this
project. We look forward to working with all parties to bring
meaningful value to the communities using our patented solution,"
said Michael Zahra, President &
CEO of DDC. "We are entering a unique time in transportation
history as we move towards a future that suggests an entirely new
landscape of opportunities for the global supply chain. As an
award-winning global leader, DDC is pleased with our continued
technology & commercial successes in the drone delivery
industry."
Implementation of the Company's project at Edmonton International Airport, previously
announced on July 18th, 2021, is
underway and flights are expected approximately at the end of
October.
About UBC's Drone Transport Initiative
For more
information, please see:
https://www.med.ubc.ca/dronetransportproject
https://www.med.ubc.ca/news/ubc-receives-750k-td-ready-challenge-grant-to-deliver-health-care-supplies-by-drone-to-remote-b-c/
About the University of British
Columbia
For more information, please see:
https://www.ubc.ca
About Stellat'en First Nation
For more information,
please see: https://www.stellaten.ca
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/1662172/Drone_Delivery_Canada_Corp__Drone_Delivery_Canada_Project_With_U.jpg)
SOURCE Drone Delivery Canada Corp.