TORONTO,
May 11, 2020 /CNW/ - Drone Delivery
Canada Corp. (TSXV: FLT; OTC: TAKOF; Frankfurt: ABB.F) (the
"Company" or "DDC") is pleased to provide an update to the DSV Air
& Sea Inc. Canada
("DSV") commercially operational project.
On October 23rd,
2019 DDC announced that it had entered into a commercial agreement
with DSV (the "Agreement"), through its sales agent Air Canada
(TSX: AC), to provide its drone delivery platform with the first
paid route at DSV's head office facility in Milton, Ontario. Per the Company's press
release of March 23rd,
2020, revenue-generation & commercial operations are active,
pursuant to the terms of the Agreement.
After a brief successful implementation of the solution,
the system has been flying approximately 400 flights per month, all
within expectations. To date, hundreds of successful flights
have been conducted, further proving the Company's commercial
operations, advanced technology solution and revenue business
model.
The Company expects multiple subsequent inbound/outbound
commercial routes for DSV's customers with time-sensitive
cargo. Active discussions are underway with numerous
prospective companies for subsequent routes.
Customers pay DDC a monthly fee for each drone route
deployed, pursuant to the terms of their respective
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 A2AMGZ or ABB.F.
Read more at: www.DroneDeliveryCanada.com or
on DDC's social media.
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