TORONTO, Feb. 21, 2020 /CNW/ - Drone Delivery Canada
'DDC' or the 'Company' (TSX.V: FLT, OTC: TAKOF), is
pleased to announce that it will begin the commercialization of the
Condor. The Condor has a lifting capability of 180kgs (400lbs) of
payload, a travel range of 200kms and an operating speed of 120kph.
The multi-package payload compartment is designed to carry
approximately 20 cubic feet of cargo.
This phase of Beyond Visual Line of Sight (BVLOS) flight testing
will take place at the Foremost UAS Test Range in Alberta in the summer of 2020 under a Special
Flight Operations Certificate (SFOC), anticipated in Q2 2020.
The Company is in discussions with various potential
customers, who all have expressed strong interest in the Condor
once finalizing commercial testing in Foremost.
"Market response to the Condor has been overwhelmingly
strong. The capabilities of the Condor simply address many
social (medical, pharmaceutical, remote communities, humanitarian
aid, etc) and economic (mining, oil & gas, courier, etc)
use-cases being requested by DDC's customers. These requests are
happening globally," said Michael
Zahra, President and CEO. "Based on direct market
feedback, this will be a game-changer for the Company, our
customers and the industry overall. Additionally, DDC's
patented FLYTE system is airframe agnostic, meaning it can easily
be integrated onto future DDC or 3rd party drones and
rotary or fixed-wing manned aircraft to allow the Company to offer
a strong technology roadmap for even heavier-lift and longer-range
drones in the future."
The Condor measures 22 feet long, 5 feet wide and 7 feet tall.
It has a rotor diameter of approximately 20 feet and is capable of
vertical takeoff and landing. It is equipped with DDC's proprietary
FLYTE management system which is the same platform used in all
of DDC's cargo delivery drones.
The Company is active in deploying commercial agreements
previously announced and anticipates seeing operations start in Q1
with revenue generating agreements.
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 .
Read more at: www.DroneDeliveryCanada.com or on DDC's social
media.
About the Foremost Test Range
The Foremost Test Range
is a permanent Restricted Airspace area for flying Unmanned
Aircraft Systems, located in Southeast
Alberta. The airspace is particularly attractive for
companies that wish to conduct beyond visual line-of-sight (BVLOS)
test flights. The test range provides 700 square nautical miles
(2400 square kilometres) of airspace designated for drone
operations up to 18,000 feet above sea level.
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