TORONTO, July 9, 2020 /CNW/ - Drone Delivery Canada Corp.
(TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ) (Frankfurt:
ABB.F) (the "Company" or "DDC") is pleased to
announce that it has commenced the process to enter the
USA market as a drone delivery
operator.
The Company is in discussions with various potential US-based
partners who have expressed positive interest in working with DDC
to provide the Company's proprietary systems to support drone
delivery solutions for multiple vertical markets and use-cases in
multiple geographies.
The Company has started the process to apply for an aircraft
Type Design Approval for the Sparrow drone, with subsequent
aircraft in DDC's fleet to follow. Potential US-based
partners would use the DDC delivery system to conduct for-hire
drone delivery operations in the US under 14 CFR Part 135
rules. The aircraft Type Certification effort is an essential
first step for enabling FAA approval of routine beyond visual
line-of-sight delivery operations, which in-turn will provide
significant opportunities for expansion. The Company is
currently permitted to conduct limited delivery operations in the
US using visual line of sight regulations under 14 CFR Part 107
rules.
"We have successfully proven and commercialized the business
model and gained market traction in Canada, and it's a natural progression to
expand, in a controlled means, to international markets. We
have active discussions underway in numerous international target
markets and the United States is
an obvious choice. We have flown successfully in the Unites
States in a Beyond Visual Line of Sight (BVLOS) pilot project, and
now we are ready to start the process to enter the United States commercially. We are excited
about the opportunities ahead of us in Canada and internationally and have a strong
funnel of interested prospects," said Michael Zahra, President & CEO of
DDC.
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. Reimagining the Way You
Deliver.
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/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