TORONTO, June 24,
2022 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT);
(OTCQX: TAKOF); (Frankfurt:
A2AMGZ) or (Frankfurt: ABB.F) (the "Company" or "DDC") is pleased
to announce that on February 8, 2022,
the United States Patent Office granted U.S. Patent
No.11,245,533 for DDC's U.S. Patent Application No. 16/186,891
titled 'System and Method for Secure Communication with One or More
Unmanned Aerial Vehicles'.
The patent is directed to DDC's proprietary technology to ensure
secure, authenticated communication between a remote computing
device and one or more unmanned aerial vehicles (each, a "UAV"). In
particular, the patent is directed to a system including a
controller located on a UAV and a flight management system in data
communication with the controller. The remote computing device
included in the flight management system receives and processes
incoming UAV messages in a proprietary manner to ensure that the
messages originate from valid and registered UAV controllers.
A U.S. continuation application as well as a corresponding
Canadian application are currently pending.
"We are pleased to announce our seventh United States
Patent Office grant issued. This patent has strategic importance
DDC as it further connects our drones to our ecosystem. As we
continue progressing with our technology roadmap, growing our
intellectual property portfolio will be an essential factor towards
the growth & maturity of the Company." said Steve Magirias, CEO of Drone Delivery
Canada.
DDC is currently seeking patent protection for other aspects of
its technology.
For information on DDC's other patent and commercial
announcements, please visit:
https://dronedeliverycanada.com/press-releases/
Additionally, DDC also announces that it has granted stock
options to purchase an aggregate of 5,875,000 common shares of the
Company exercisable at a price of $0.56 per common share for a period of five
years, to certain officers, directors, advisors and consultants of
the Company. The options shall vest 1/3 after every six months
following the date of grant, and additionally options granted to
officers, employees and certain advisors and consultants of the
Company are subject to certain performance-based vesting
criteria.
About Drone Delivery Canada
Corp.
Drone Delivery Canada Corp. is an ISO 9001 certified,
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 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 QX
market 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. Such statements often address
expected future business and financial performance, financial
condition, and other matters, and often contain words or phrases
such as "expect," "may," "can," "believe," "forecast," "estimate,"
"goal," "target," "will," and other similar expressions, and
variations or negatives of these words or phrases. 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, market acceptance, 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. Except as may
be required by applicable securities law, the parties undertake no
obligation to update forward-looking information, whether as a
result of new information, future events or otherwise.
SOURCE Drone Delivery Canada Corp.