TORONTO, April 27,
2022 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT)
(OTCQX: TAKOF) (Frankfurt: A2AMGZ)
or (Frankfurt: ABB.F) (the "Company" or "DDC") is pleased to
announce that it has signed a definitive collaboration agreement
(the "Collaboration Agreement"), effective April 13, 2022, with Bell Mobility Inc. ("Bell")
to work together for a three year term in respect of the
development of certain products and services in order to improve
technology as it relates to 5G network and multi-access edge
computing for autonomous drone performance. The collaboration is
expected to lead to new solutions that will be revenue generating
for DDC and will focus on the development of technologies that will
evaluate, in a controlled environment, new capabilities to support
Beyond Visual Line of Sight (BVLOS), Command and Control (C2),
Remote Identification (Remote ID), and Unmanned Aerial System
Traffic Management (UTM), based on 5G and Multi-access Edge Compute
(MEC).
![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/1805325/Drone_Delivery_Canada_Corp__DRONE_DELIVERY_CANADA_ANNOUNCES_COLL.jpg)
The Collaboration Agreement represents a strategic initiative of
DDC to drive further enhancements to its proprietary drone delivery
platform and its Flyte software solution. It is intended that
any technical advancements that result from the collaboration with
Bell will be adopted by DDC across its full fleet of delivery
drones, including the Condor heavy lift drone, which is currently
undergoing development and commercial testing. As may be
applicable, all operations pursuant to the Collaboration Agreement
will be conducted in accordance with the Canadian Aviation
Regulations and Transport Canada flight authorizations.
"We are pleased to be collaborating with Bell to work on unique
customer drone delivery projects, and also to further advance our
solution to leverage the advanced technologies and know-how that
Bell brings. Technological advancements like Bell 5G, multi-access
edge computing, GPS-independent location tracking, computational
offloading, IoT and smart grids will position DDC for the next
generation of advanced and novel drone applications in logistics,
as well as mobile real-time imaging & sensor data analytics.
Our focus on a very broad range of drone applications fits
perfectly with the wide-ranging capabilities of Bell. Market
response to our logistics solution continues to be very favourable
and we are pleased with our ongoing commercial progress and
technology momentum," said Steve
Magirias, CEO of Drone Delivery Canada
"Bell is excited to collaborate with Drone Delivery Canada to
explore new capabilities that will leverage the speed, low latency
and coverage of Bell's 5G network, our IoT connectivity and breadth
of solutions to enable autonomous drone delivery and related
services. We're committed to fostering the growth of companies like
DDC and next-generation technologies to support Canada's growth and industry in the years to
come and look forward to collaborating further with DDC" said
Charlie Wade, Vice President,
Products and Services at Bell Mobility.
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.