TORONTO, Sept. 7,
2023 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT)
(OTCQX: TAKOF) (Frankfurt: A3DP5Y)
or (Frankfurt: ABBA.F) (the "Company" or "DDC") is pleased to
announce that on August 29, 2023, it
had signed a contract (the "Contract") with the Department of
National Defence and the Canadian Armed Forces' (DND/CAF)
Innovation for Defence Excellence and Security (IDEaS) program to
operate and evaluate DDC's proprietary drone delivery platform
using DDC's recently commercialized Canary remote piloted aircraft
("RPA").
The Contract, with a value of $200,000, will run for a 6-month duration. A
successful outcome of this initial contract could lead to a follow
on 12-month contract valued up to $1
million.
Under the terms of the Contract, the Canary will be operated and
evaluated in a test environment setting as well as a real-world
operation to demonstrate the Canary's ability to deliver just in
time medical equipment and supplies in austere environments.
As part of the IDEaS program, DDC's Canary drone has been
selected to potentially play a crucial role in supporting the
DND/CAF's delivery of medical equipment and other necessary
supplies during mission-critical operations.
The Canary, a state-of-the-art unmanned aircraft system, is
equipped with cutting-edge technology and capabilities, making it
an ideal choice for the DND/CAF. With its advanced payload
capacity, long-range capabilities, and ability to operate in
diverse weather conditions, the Canary offers great versatility for
various defence logistics applications.
Through this partnership, DDC and the DND/CAF could potentially
have an impact on the logistics within the defence sector. The
integration of drone delivery solutions will enhance the
efficiency, speed, and safety during critical operations by
reducing the reliance on traditional transportation methods. The
Canary's ability to transport essential medical aid to remote,
inaccessible, and higher risk locations will significantly benefit
the CAF.
"We are proud to have been selected by the Department of
National Defence and the Canadian Armed Forces for the IDEaS
program," said Steve Magirias, CEO
of Drone Delivery Canada. "This selection is a testament to our
innovative technology and its potential to have a positive impact
on the defence sector. We are confident that the Canary drone can
play a vital role in advancing the DND/CAF's mission-critical
operations, providing them with enhanced logistical capabilities
and a competitive advantage."
The collaboration between DDC and the DND/CAF showcases
Canada's commitment to embracing
cutting-edge technology for the betterment of national defence. By
harnessing the power of drone delivery solutions, the DND/CAF will
be able to efficiently address challenges related to logistics,
remote operations, and emergency response, ensuring the safety and
security of Canada, its citizens,
and members of the DND/CAF.
About Drone Delivery Canada
Corp.
Drone Delivery Canada Corp. is an 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 intended to be 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 Venture 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
About IDEaS
Innovation for Defence Excellence and Security (IDEaS) is a
defence innovation program which invests in research and technology
aimed at meeting the demands of today's complex global defence and
security environment. More information about IDEaS and this project
can be found here.
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.
SOURCE Drone Delivery Canada Corp.