TORONTO, Jan. 25,
2022 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT)
(OTC: TAKOF) (Frankfurt: A2AMGZ or ABB.F) (the
"Company" or "DDC") is pleased to provide an update
on continued successful development and testing of the new and
innovative Canary drone.
Further to its press release on November
15, 2021, the development and testing of the Canary
continues to progress on schedule. It is successfully progressing
through the Company's flight-testing program completing aircraft
tuning at altitude (pitch, yaw, roll), and completion of aircraft
ground and vibration testing. Current ongoing testing
includes flight controller tuning to fly in semi-autonomous flight
modes, and refining onboard avionics, payload and communications
systems. Next steps are testing full autonomous missions and
expanding the flight envelope.
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 ~4kg. Features
currently 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 intended to potentially unlock
additional customer use-cases and potentially facilitate future
flights over people which could open new, commercially addressable
future markets in urban and residential areas for B2B and also B2C
retail residential deliveries.
Initial Q4 2021 successful testing 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 see continued successful Canary testing on
target and to be working towards its commercialization. Its
new functionality, especially the aircraft parachute, unlocks
potential future use cases that are currently challenging to
address due to regulations – like flight over people, plus urban
& residential deliveries at scale. 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 Sparrow continues to operate commercially 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. Successful Condor testing continues in line with
Company expectations.
As part of the solution's ecosystem, the Company is also working
towards the further development of ground-based and airborne
detect-and-avoid (DAA) systems which are intended to potentially
open even further 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.
To view the November
15th, 2021 release:
https://dronedeliverycanada.com/resources/2206-2/
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 marketed 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.
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SOURCE Drone Delivery Canada Corp.