TORONTO, Jan. 26, 2021 /CNW/ - Drone Delivery Canada
Corp. (TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ or ABB.F)
(the "Company" or "DDC") is pleased to express its
support for the Federal Aviation Administration's (FAA) progressive
actions in making amendments to advance the use of Unmanned
Aircraft Systems (UAS) for logistics and small package
Use of drones in this market segment is forecast to increase
significantly, according to a report released by the FAA recently.
In their January 2021 report,
'Aerospace Forecast 2020 – 2040', the FAA highlights substantial
expected growth in both the small UAS category (less than 55 pounds
maximum take-off weight) and the larger UAS category (a maximum
take-off weight of more than 55 pounds).
The FAA report directly highlighted:
- Continued strong growth of small commercial drones over the
next 5 years, forecast change in the number of units in this
category could be as much as 210% by 2024, when compared to 2019
- Professional grade commercial UAS is forecast to expand rapidly
over time, especially as newer and more sophisticated uses are
identified, designed, and operated.
- Approval of drones to enter the supply chain via small package
delivery could result in growth that '…will likely be
- Flights operated by larger UAS will double by 2024 versus 2019
- The Report also states: "By 2030 'last mile package delivery' …
may result in around 500 million deliveries annually with a fleet
In December 2020, the FAA also
issued a press release with respect to 'Remote ID' and 'Operations
Over People and at Night' further advancing the industry. The
Company also sees this as a positive catalyst in support of the UAS
industry and applications DDC is specifically considering.
In July 2020, DDC announced it had
started the process to enter the US market.
"In January 2021, the FAA added
new rules to 14 CFR Part 107 to permit the expansion of routine
flights and created four categories of UAS for flights over
suburban/urban areas assuming certain, specific criteria are met.
These new rules greatly improve the regulatory certainty for UAS
delivery operations in the United
States and represent a significant step forward toward UAS
integration into the US airspace. This FAA report further
enables DDC on its path to US operations and the requirements
needed. As a global leader in the drone delivery industry, DDC has
been anticipating these new regulations and we are well positioned
to fully capitalize on them," said Steve
Bogie, Vice President – Flight Operations & Technology
About Drone Delivery Canada Corp.
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:
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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
SOURCE Drone Delivery Canada