TORONTO, Sept. 28, 2020 /CNW/ - Drone Delivery Canada
Corp. (TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ or ABB.F) (the
"Company" or "DDC") is pleased to announce that, with
the assistance of its sales agent Air Canada (TSX: AC), it
has executed a Letter of Intent ("LOI"), with Astral Aerial
Solutions Limited located in Kenya, effective September 28th, 2020.
Under the terms of the LOI, the parties shall cooperate and work
jointly with the local regulator (Kenya Civil Aviation Authority)
and shall work together to identify and analyze market
opportunities in Kenya for DDC's
drone delivery solution with the intent to work towards a
definitive agreement for that market.
"As our first international opportunity, we are pleased to be
working with Astral Aerial towards an agreement for DDC's drone
logistics solution in Kenya. There are numerous potential
applications from traditional last-mile cargo to mining, oil &
gas, healthcare, humanitarian aid and infrastructure inspection
services. Astral Aerial's parent company, Astral Aviation has
a global, award-winning reputation and we look forward to a
commercial relationship with them," said Michael Zahra, President & CEO of
DDC.
"We are honored to co-operate with Drone Delivery Canada, and to
learn from their experience in providing innovative drone-based
logistics platforms in Canada that
can be applied in Africa. The
Canadian technology can benefit various sectors in Africa especially in Healthcare and
accessibility to Remote Communities," said Mr. Sanjeev Gadhia, Chief Executive Officer of
Astral Aerial Solutions and Astral Aviation.
About Astral Aerial Solutions Ltd
Astral Aerial
Solutions is a newly licensed Drone Operator based in Kenya whose mission is to create a
drone-revolution in Africa by
adapting technology and innovation to solve Africa's problem so that it can leapfrog to
the future. Astral Aerial's vision is to offer the most
innovative, flexible and cost-effective UAV (Unmanned Aerial
Vehicle) and UAS (Unmanned Aerial Systems) integrated
solutions which will have a lasting impact to its
clients.
Astral Aerial was rated by Airbus as Africa's Top 10 Tech Startups in 2018 and won
the IATA Cargo Innovation Award in 2017, and was recognized by the
World Bank for being the leader in Data Analytics and Agricultural
Intelligence during its Disruptive Agricultural Technology
competition.
Astral Aerial will provide innovative drone-based solutions for
Cargo Delivery, Agriculture, Inspection of Utilities and is setting
up a Training Academy which will empower the youth in Africa with online based training.
Astral Aerial is associated with Astral Aviation which is an
established cargo airline with a strong footprint in Africa and Europe, with a diverse fleet of 14 Freighter
Aircraft and a network of 50 destinations.
https://astral-aerial.com
https://www.astral-aviation.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 under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F .
Read more about the Company 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