TORONTO, Dec. 2, 2021 /CNW/ - Drone Delivery Canada Corp.
(TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2AMGZ or ABB.F) (the
"Company" or "DDC") is pleased to provide a Shareholder update –
2021 Year in Review.
Dear Valued Shareholder,
As 2021 soon draws to a close, it's important to reflect on
Drone Delivery Canada Corp.'s ("DDC" or the "Company")
accomplishments and progress in the year.
The year started with projects at Georgina Island First Nation
and Beausoleil First Nation in full
operation, in partnership with the Canadian Federal Government and
GlobalMedic respectively. These were DDC's second and third
First Nation projects and of particular importance due to their
healthcare focus, during the pandemic.
The Company was named to the 2021 OTCQX® Best 50, out
of thousands of other OTC exchange companies, confirming adherence
to high financial, governance & compliance standards, as part
of the criteria.
DDC was named one of the "2021 Canada's Top Small & Medium
Employers" and was featured in the Globe & Mail. The
competition recognizes the small and medium enterprises that offer
the nation's best workplaces and forward-thinking human resources
policies. Employers were evaluated on a variety of criteria
including training & skills development, performance
management, community involvement and employee communications.
In May, the Company achieved ISO 9001 certification, a globally
recognized quality management standard with a process-based
approach which includes principles of customer focus, leadership,
risk management, evidence-based decision making, performance
evaluation and continual improvement. The strict guidelines
provide a robust model for quality management across the entire
organization. As a vertically integrated organization designing,
developing and operating autonomous drone hardware and software,
this accreditation is a significant step in the maturation of DDC
within this new industry.
The Company announced it had been selected as a member of
Transport Canada's newly formed Canadian Drone Advisory Committee
("CanaDAC"). CanaDAC provides a national forum for industry
and other key stakeholders to inform priority government policy and
regulatory areas of focus for Transport Canada and advance
Canada's thinking on remotely
piloted aircraft systems ("RPAS"), more complex beyond visual
line-of-sight operations ("BVLOS") and increasingly automated
aircraft.
DDC renewed its agreement for the internal Sparrow drone route
project for the use of DSV Air & Sea Inc. at its head office
and logistics facility in Milton,
Ontario. DSV - Global Transport and Logistics provides
and manages supply chain solutions for thousands of companies in
more than 80 countries globally.
The Edmonton International
Airport ("EIA") commercial Sparrow project was announced, via
multiple agreements with EIA, Apple Express Courier and Ziing Final
Mile. To the Company's knowledge, this is the first drone
delivery project at a large-scale international airport anywhere in
Canada. It is DDC's first project
with courier companies.
The University of British Columbia
("UBC") commercial Sparrow project was announced for operations at
Fraser Lake, for the benefit of
the Stellat'en First Nation. The project was funded by TD
Bank, and LifeLabs is a key partner. This is DDC's first
project in British Columbia,
fourth First Nation project and another important project in
Canadian healthcare. It is also another province in which the
Company operates, after Ontario
and Alberta.
The Company announced four new patents in 2021, bringing the
total to six, covering various aspects of the Company's
award-winning solution. The Company remains focused on a culture of
innovation and driving the industry forward.
In July the Company held a well-attended, virtual AGM,
presenting the past year's audited financial results, providing an
in-depth business overview and answering a variety of questions
about the business & industry.
The Company announced that it had become the first publicly
traded drone delivery company to be granted a domestic cargo
licence under the Canada Transportation Act ("CTA")
and Air Transport Regulations (Canada) by the Canadian Transportation Agency.
This licence, normally issued to airlines is mandatory for
any air carrier intending to provide scheduled, commercial air
services in Canada, whether
carrying cargo or passengers.
The Company was pleased to be selected as a Canadian finalist
and excellence awardee for the "2021 Canada's Safest Employers"
awards in the new employer category.
DDC signed a two-year collaboration agreement with
Nexeya-Hensoldt to jointly explore and pursue military applications
for the Company's drone solution, as related to logistics and
sensors. Hensoldt is a leading global supplier for platform
independent offerings deployed across the domains of air, sea, land
and security for armed and security forces worldwide.
The Company announced a new Commercialization Centre in
Ontario which, with its permanent
infrastructure and staffing, will be used towards the testing and
intended commercialization of the Condor as well as pre-delivery
inspection of drones, drone repairs and maintenance, employee &
customer training as well as live prospect demonstrations of DDC's
patented and award-winning solution. The Centre will also
support testing and development of multiple DDC platforms,
including the: FLYTE software, Canary drone, DroneSpot
depots, etc.
The Ontario Centre for Innovation, supported by the Ontario Minister of Economic Development, Job
Creation and Trade, recognized DDC's innovative drone delivery
solution with an award and funding grant, to be used towards
further commercialization of the Company's technology.
Most recently, the Company announced first tests of the next
generation Sparrow drone, intended to be commercialized as the
Canary. This state-of-the-art drone uses the latest
technologies and includes an aircraft parachute to minimize ground
risk with respect to suburban or urban flights over people in B2B
or B2C residential delivery applications.
Sincerely,
Michael Zahra
President & Chief Executive Officer
December 2nd, 2021
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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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.