02:03:22 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Drone Delivery Canada Corp
Symbol FLT
Shares Issued 224,199,312
Close 2023-09-06 C$ 0.255
Market Cap C$ 57,170,825
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Drone Delivery wins Canary drone contract from DND

2023-09-07 10:50 ET - News Release

Mr. Steve Magirias reports

DRONE DELIVERY CANADA AWARDED FIRST CONTRACT FOR ITS CANARY DRONE FROM THE DEPARTMENT OF NATIONAL DEFENCE

On August 29, 2023, Drone Delivery Canada Corp. signed a contract with the Department of National Defence and the Canadian Armed Forces' (DND/CAF) Innovation for Defence Excellence and Security (IDEaS) program, to operate and evaluate the company's proprietary drone delivery platform using its recently commercialized Canary remote piloted aircraft (RPA).

The contract, with a value of $200,000, will run for a six-month duration. A successful outcome of this initial contract could lead to a follow-on 12-month contract valued up to $1-million.

Under the terms of the contract, the Canary will be operated and evaluated in a test environment setting, as well as a real-world operation, to demonstrate the Canary's ability to deliver just-in-time medical equipment and supplies in austere environments.

As part of the IDEaS program, the company's Canary drone has been selected to potentially play a crucial role in supporting the DND/CAF's delivery of medical equipment and other necessary supplies during mission-critical operations.

The Canary, a state-of-the-art unmanned aircraft system, is equipped with cutting-edge technology and capabilities, making it an ideal choice for the DND/CAF. With its advanced payload capacity, long-range capabilities and ability to operate in diverse weather conditions, the Canary offers great versatility for various defence logistics applications.

Through this partnership, Drone Delivery and the DND/CAF could potentially have an impact on the logistics within the defence sector. The integration of drone delivery solutions will enhance the efficiency, speed and safety during critical operations by reducing the reliance on traditional transportation methods. The Canary's ability to transport essential medical aid to remote, inaccessible and higher-risk locations will significantly benefit the CAF.

"We are proud to have been selected by the Department of National Defence and the Canadian Armed Forces for the IDEaS program," said Steve Magirias, chief executive officer of Drone Delivery Canada. "This selection is a testament to our innovative technology and its potential to have a positive impact on the defence sector. We are confident that the Canary drone can play a vital role in advancing the DND/CAF's mission-critical operations, providing them with enhanced logistical capabilities and a competitive advantage."

The collaboration between DDC and the DND/CAF showcases Canada's commitment to embracing cutting-edge technology for the betterment of national defence. By harnessing the power of drone delivery solutions, the DND/CAF will be able to efficiently address challenges related to logistics, remote operations and emergency response, ensuring the safety and security of Canada, its citizens and members of the DND/CAF.

About Drone Delivery Canada Corp.

Drone Delivery Canada is an award-winning drone technology company focused on the design, development and implementation of its proprietary logistics software platform, using drones. The company's platform is intended to be used as a software-as-a-service (SaaS) model for government and corporate organizations globally.

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