TORONTO, Sept. 5, 2019 /CNW/ - Drone Delivery
Canada 'DDC or the Company' (TSX.V: FLT, OTC – NASDAQ INTL:
TAKOF), is pleased to announce completion of DDC's new
commercial operations center, the first of its kind globally,
located in Vaughan, Ontario which
is now open and ready for operations.
The state-of-the-art operations center is a 16,000 square foot
facility and when at full capacity will be capable of managing
1,500 drones on behalf of commercial paying customers globally.
With the operations center complete, in partnership with Air
Canada, DDC anticipates announcing its first paying customer, a
large multi-national corporation, imminently.
"Our operations center is the first of its kind globally and
will be scalable to 1,500 drones and routes" commented Michael Zahra, President and CEO of DDC. "On
average, we anticipate charging customers a licensing fee of
$10,000 per drone, per route, per
month. With the high level of technical automation we have achieved
with our drones, our patented FLYTE system and the operations
center, we will lower operating costs, resulting in a high-margin
business with predictable monthly re-occurring revenue."
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 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.
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.
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.
SOURCE Drone Delivery Canada