TORONTO, June 10, 2020 /CNW/ - Drone Delivery Canada
Corp. (TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ) (Frankfurt: ABB.F)
(the "Company" or "DDC") is pleased to announce new Sparrow
functionality that opens further healthcare, commercial and
residential use cases.
The Company has successfully engineered and tested payload drop
functionality for the Sparrow drone. This new functionality allows
a package to be loaded at the point of origin, fly to a
destination, hover at a lowered altitude, drop a payload without
landing, and return to the point of origin. The Sparrow has a total
flight range of up to 30km with a maximum payload capacity of
approximately 4.3kg (10lbs) and operates with the Company's
advanced, automated and patented FLYTE software system. All
intellectual property is owned by the Company.
"The payload drop system is now ready for commercial roll out.
This exciting new Sparrow functionality allows us to even further
penetrate drone delivery applications, subject to Transport Canada
regulations, in healthcare, pharmaceutical, emergency aid,
commercial and residential markets while also effectively limiting
person-to-person contact," said Michael
Zahra, President & CEO of DDC. "DDC continues to be a
leader in the drone logistics industry and we are in active
discussions with numerous prospective customers to utilize this new
functionality for drone deliveries."
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:
https://www.linkedin.com/company/drone-delivery-canada/
https://www.youtube.com/channel/UCc_3XCRUn8lJlnPQDk3z6mQ
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