TORONTO, Dec. 3, 2020 /CNW/ - Drone Delivery Canada
Corp. (TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ
or ABB.F) (the "Company" or "DDC") is pleased to
announce that, with the assistance of its sales agent Air
Canada (TSX: AC), it has executed a Letter of Intent
("LOI"), effective December
3rd, 2020, with Apple Express Courier Ltd.
Under the terms of the LOI, the parties are cooperating to work
towards a Definitive Agreement. The commercial details of the
expected Agreement are for the Company's drone delivery solution
using DDC's Sparrow, Robin XL and Condor drones and the Company's
patented and proprietary FLYTE system, in a SaaS model. DDC will
provide implementation & commissioning of the systems,
training, technical support, ongoing managed services and remote
monitoring from its Operations Control Centre in Vaughan, Ontario. Anticipated projects would
initially focus on healthcare and ecommerce deliveries in
Northern Ontario with potential
subsequent expansion to other provinces in Canada. All operations will be conducted in
accordance with the Canadian Aviation Regulations and Transport
Canada flight authorizations.
"Market response to our solution has been very favourable in
Canada and internationally, and we
are pleased with our ongoing momentum. We are excited to announce a
new relationship, with Apple Express, on this innovative commercial
opportunity to service the needs of rural communities in
Northern Ontario, with potential
further network growth in the future," said Michael Zahra, President & CEO of Drone
Delivery Canada.
"As a leader in last-mile supply chain logistics, Apple Express
is excited to work with Drone Delivery Canada to bring their
innovative and proven drone delivery solutions into our offering to
customers in rural environments in Canada. Drone delivery has the ability to
drive cost savings, logistical efficiencies and incremental revenue
opportunities," said Nasser Syed, CEO of Apple Express Courier
Ltd.
About Apple Express Courier Ltd.
In 1985 Apple Express was established as a Toronto-based, local-delivery business. Strong
leadership and a strategic vision enabled the company to achieve
steady growth. With a view to the future, the company invested in
emerging technology and infrastructure to service the world's
largest brands. Today, Apple Express provides its customers with
strategic transportation and logistics services through the
utilization of its people's skills, processes, and technology. Its
strategic goal is to take on and aggregate, more and more of its
customers' non-strategic processes, particularly as they relate to
the "last mile" of their initial and ongoing relationship with
their customers. Apple Express delivers highly customized,
outsourced, SLA satisfaction and last-mile supply chain solutions
for large healthcare, IT, and retail businesses. In 2016,
Apple Express was acquired by a wholly owned subsidiary of bpost
SA-NV, the Belgian-based international parcel and mail delivery
service. Read more about the company at:
www.appleexpress.com
About Drone Delivery Canada Corp.
Drone Delivery Canada Corp. is a drone technology company
focused on the design, development, and implementation of its
proprietary logistics software platform, using drones. The
Company's platform will 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.V Exchange under the symbol FLT, on the U.S. OTC Q B
market under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F .
Read more about the Company 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. 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,
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. The parties
undertake no obligation to update forward-looking information
except as otherwise may be required by applicable securities
law.
SOURCE Drone Delivery Canada