Press Release
TORONTO, ONTARIO – May 11th, 2020 – 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.
For further information:
Capital Markets: Mr. Richard Buzbuzian, Telephone: (647) 501-3290, Email: richard@dronedeliverycanada.com;
Investor Relations: Mr. Michael Zahra, Chief Executive Officer, and Mr. Bill Mitoulas, Telephone: (416) 837-7147, Email: billm@dronedeliverycanada.com
Media Relations: Mr. Nelson Hudes, Hudes Communications International, Telephone: (905) 660-9155, Email: Nelson@hudescommunications.com
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