02:44:01 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Drone Delivery Canada Corp
Symbol FLT
Shares Issued 177,480,089
Close 2020-02-20 C$ 0.78
Market Cap C$ 138,434,469
Recent Sedar Documents

Drone Delivery to begin Condor drone commercialization

2020-02-21 16:14 ET - News Release

Mr. Michael Zahra reports

DRONE DELIVERY CANADA ANNOUNCES COMMERCIAL TESTING TO START FOR ITS HEAVY-LIFT, LONG-RANGE CARGO DELIVERY DRONE - THE CONDOR

Drone Delivery Canada Corp. will begin the commercialization of the Condor. The Condor has a lifting capability of 180 kilograms (400 pounds) of payload, a travel range of 200 kilometres and an operating speed of 120 kilometres per hour. The multipackage payload compartment is designed to carry approximately 20 cubic feet of cargo.

This phase of beyond visual line of sight (BVLOS) flight testing will take place at the Foremost UAS Test Range in Alberta in the summer of 2020 under a special flight operations certificate (SFOC), anticipated in Q2 2020. The company is in discussions with various potential customers, who all have expressed strong interest in the Condor once finalizing commercial testing in Foremost.

"Market response to the Condor has been overwhelmingly strong. The capabilities of the Condor simply address many social (medical, pharmaceutical, remote communities, humanitarian aid, etc.) and economic (mining, oil and gas, courier, etc.) use cases being requested by DDC's customers. These requests are happening globally," said Michael Zahra, president and chief executive officer. "Based on direct market feedback, this will be a game changer for the company, our customers and the industry overall. Additionally, DDC's patented Flyte system is airframe agnostic, meaning it can easily be integrated onto future DDC or third party drones and rotary or fixed-wing manned aircraft to allow the company to offer a strong technology road map for even heavier-lift and longer-range drones in the future."

The Condor measures 22 feet long, five feet wide and seven feet tall. It has a rotor diameter of approximately 20 feet and is capable of vertical takeoff and landing. It is equipped with DDC's proprietary Flyte management system, which is the same platform used in all of DDC's cargo delivery drones.

The company is active in deploying commercial agreements previously announced and anticipates seeing operations start in Q1 with revenue-generating agreements.

About Drone Delivery Canada Corp.

Drone Delivery 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 model for government and corporate organizations globally.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.