TORONTO, Jan. 28, 2019 /CNW/ - Drone Delivery Canada
'DDC or the Company' (TSX.V:FLT, OTC:TAKOF), is pleased to
announce it has submitted its Expression of Interest to participate
in Transport Canada's National Trade Corridors Fund (NTCF) for a
total request of $12 million dollars
to deploy DDC's drone delivery solution in two remote
locations.
"The vision of the Canadian Federal Government to modernize and
improve transportation across Canada's north is consistent with DDC's
commercialization strategy of servicing Canada's remote communities," commented
Tony Di Benedetto, CEO. "Various
government funding solutions exist to allow Canadian enterprise to
help transform Canada's
transportation systems. DDC looks to capitalize on this type of
funding as we commercialize our Drone delivery solution in
2019."
Transport Canada's $2-billion National Trade Corridors Fund (NTCF)
program helps fund infrastructure projects in Canada. The NTCF
looks to fund infrastructure projects within Canada that help improve the flow of goods and
people in Canada, increasing the
flow of trade in and out of Canada
and help Canada's transportation
system better adapt to new technologies and innovation.
DDC's funding request is for the NTCF's northern call program
which has dedicated up to $400
million for transportation infrastructure in the Territorial
North (Yukon, Northwest Territories and Nunavut). The projects funded under this call
will address transportation needs in the Territorial North, to
improve safety, foster economic and social development and build on
existing investments.
Complete details of Transport Canada's National Trade Corridors
Fund can be found
at: http://www.tc.gc.ca/en/programs-policies/programs/national-trade-corridors-fund.html
For more information, please visit
www.dronedeliverycanada.com
About Drone Delivery Canada
Drone Delivery Canada 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 Software as a Service (SaaS) for government and
corporate organizations.
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.
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SOURCE Drone Delivery Canada