Le Lézard
Classified in: Transportation, Science and technology, Business
Subject: CXP

Drone Delivery Canada Commences Process for Commercial Entry Into United States Market


TORONTO, July 9, 2020 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ) (Frankfurt: ABB.F) (the "Company" or "DDC") is pleased to announce that it has commenced the process to enter the USA market as a drone delivery operator.

The Company is in discussions with various potential US-based partners who have expressed positive interest in working with DDC to provide the Company's proprietary systems to support drone delivery solutions for multiple vertical markets and use-cases in multiple geographies.

The Company has started the process to apply for an aircraft Type Design Approval for the Sparrow drone, with subsequent aircraft in DDC's fleet to follow.  Potential US-based partners would use the DDC delivery system to conduct for-hire drone delivery operations in the US under 14 CFR Part 135 rules.  The aircraft Type Certification effort is an essential first step for enabling FAA approval of routine beyond visual line-of-sight delivery operations, which in-turn will provide significant opportunities for expansion.  The Company is currently permitted to conduct limited delivery operations in the US using visual line of sight regulations under 14 CFR Part 107 rules.

"We have successfully proven and commercialized the business model and gained market traction in Canada, and it's a natural progression to expand, in a controlled means, to international markets.  We have active discussions underway in numerous international target markets and the United States is an obvious choice.  We have flown successfully in the Unites States in a Beyond Visual Line of Sight (BVLOS) pilot project, and now we are ready to start the process to enter the United States commercially. We are excited about the opportunities ahead of us in Canada and internationally and have a strong funnel of interested prospects," said Michael Zahra, President & CEO of DDC.  

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. Reimagining the Way You Deliver.

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:

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


These press releases may also interest you

28 mar 2024
On Tuesday March 26, 2024, DeLorean Motor Company, represented by intellectual property and entertainment attorney, Roger N. Behle, Jr. of Foley Bezek Behle & Curtis, filed documents in California federal court announcing the settlement of DeLorean...

28 mar 2024
The Greater Toronto Airports Authority ("GTAA") today reported its financial and operating results for 2023.  Passenger activity significantly increased by 9.2 million, or 25.8 per cent, from 35.6 million to 44.8 million in 2023, when compared to...

28 mar 2024
Quhuo Limited ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the second half and full year 2023 before the open of the...

28 mar 2024
Magna International Inc. today announced that its 2023 Annual Report, including Management's Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company's...

28 mar 2024
TuanChe Limited ("TuanChe" or the "Company") , a leading integrated automotive marketplace in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission...

28 mar 2024
NaaS Technology, the first U.S. listed EV charging service company in China, announced remarkable financial growth and operational highlights in its newly-released unaudited financial results for the fourth quarter and full year ended December 31,...



News published on and distributed by: