TORONTO, Oct. 23, 2019 /CNW/ - Drone Delivery Canada Corp.
(TSXV: FLT, OTC: TAKOF) (the "Company" or "DDC") is
pleased to announce that with the assistance of its sales agent Air
Canada (TSX: AC), it has entered into a commercial agreement
dated October 22, 2019 (the
"Agreement") with DSV Air & Sea Inc. Canada ("DSV"), the Canadian arm of the
global transport and logistics company DSV Panalpina A/S, to deploy
DDC's drone delivery platform for the use of DSV commencing at its
new head office and warehouse in Milton,
Ontario.
Pursuant to the terms of the Agreement, DDC will enable the
first of multiple routes and deploy its DroneSpot takeoff and
landing zones as well as additional drone flight infrastructure on
DSV sites, and deploy its Sparrow cargo drone, with a capacity of
up to 10lbs. The first route will occur on a defined flight route
within DSV's site in Milton,
Ontario. All operations will be conducted in accordance with
the Canadian Aviation Regulations and Transport Canada flight
authorizations. Flights will be remotely monitored by DDC from its
new commercial operations centre located in Vaughan, Ontario. DDC will commence deployment
of the client site infrastructure this quarter and looks to begin
providing drone delivery services under the Agreement in Q1 of
2020, with the potential of 20 or more additional routes being
added in
2020.
"We are pleased to announce DSV Canada as another paid
commercial drone logistics customer. DSV is a global leader in the
logistics space and a perfect fit as a scalable customer for us,"
said Michael Zahra, President &
CEO of DDC. "They will start using our proven Sparrow drone,
patented FLYTE system, and newly launched commercial operations
centre in early 2020. I am pleased to report we have a very
strong funnel of global commercial opportunities and we expect to
see continued sales announcements in 2019 for deployment in early
2020."
DSV will pay DDC a monthly fee for each drone route deployed.
The initial term of the agreement is fifteen months with additional
successive one-year terms to follow unless the Agreement is
formally terminated.
"DSV Canada is dedicated to delivering innovative and integrated
supply chain solutions," said Martin
Roos, Managing Director of DSV Air & Sea Canada.
"With a global view in mind, our focus is on continuously
optimizing our local partners' supply chains. That means, a
long-term vision that opens up new markets and service offerings.
Our strong partnership with Air Canada Cargo and now DDC will offer
our current and potential partners best-in-class solutions and
service excellence that is scalable and futureproof. We have
looked to overcome some of today's challenges by investing in
tomorrow's opportunities, and we are ready for the next steps."
About DSV
DSV – Global Transport and Logistics provides and manages supply
chain solutions for thousands of companies every day – from the
small family run business to the large global corporation.
Our reach is global, yet our presence is local and close to our
customers. 60,000 employees in more than 90 countries work
passionately to deliver great customer experiences and high-quality
services. Read more at: www.ca.dsv.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 with Nasdaq International Designation under the symbol TAKOF
and on the Frankfurt exchange in
Germany under the symbol
A2AMGZ.
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.
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SOURCE Drone Delivery Canada