TORONTO, Nov. 15, 2021 /CNW/ - Drone Delivery Canada Corp.
(TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ) (Frankfurt: ABB.F) (the
"Company" or "DDC") is pleased to announce the
successful initial tests of its next generation Sparrow drone.
The next generation Sparrow, to be commercialized as the
Canary, successfully passed first tests. Flight range and
cargo capacity of the Canary will be confirmed via future testing
but it is expected to have a range of approximately ~20km+ and
cargo capacity of 4.5kg. Features include a new motor
configuration, next generation smart battery technology, touchless
cargo drop functionality, a future optional public announcement
system and an optional aircraft parachute. This new functionality
is expected to unlock potential customer use-cases and facilitate
future flights over people to open new, commercially addressable
future markets in urban and residential areas for B2B and also B2C
retail residential deliveries.
Initial tests included avionics system configuration,
communications with the FLYTE management system, communications
with the next generation smart battery system, propulsion system
(motor spin / direction) testing, and on-board sensor testing.
"We're pleased to be working towards the commercialization of
the Canary. Its new functionality, especially the aircraft
parachute, unlocks potential future use cases that are currently
challenging to address – like flight over people, plus urban &
residential deliveries. Being able to address these
applications with our award-winning solution is on our strategic
roadmap and is expected to open up potentially significant and
currently underserved markets," said Michael Zahra, President & CEO of
DDC.
The current version Sparrow continues to commercially operate
successfully at current customer projects and will continue to be
available to future customers. As previously announced, the
Company will look to complete the Robin XL commercialization as
future market demands may indicate. The long-range,
heavy-lift Condor is DDC's largest drone and is fully integrated
with the Company's patented and award-winning FLYTE software
system.
The Company is also working towards the further development of
ground-based and airborne detect-and-avoid (DAA) systems which are
expected to even further open new commercially viable uses cases,
BVLOS operations, reduce operational costs and provide a robust
solution to meet even more customer demands.
The Company's turnkey logistics solution is marketed in a
managed service SaaS business model in Canada and as a licensed managed service
internationally.
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
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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.
SOURCE Drone Delivery Canada Corp.