TORONTO, Sept. 13,
2022 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT)
(OTCQX: TAKOF) (Frankfurt: A2AMGZ)
or (Frankfurt: ABB.F) (the "Company" or "DDC") is pleased to
provide an update on the development of its Condor cargo drone.
The Company recently exhibited the Condor drone at the
Commercial UAV Expo in Las
Vegas-USA, which is
recognized as one of the preeminent tradeshows for the drone
industry with over 4,000 attendees from over 24 countries and 230
exhibitors. The Condor was the largest drone to be exhibited at the
UAV Expo, and management reports that it was very well received at
the show.
The Company is nearing completion of an avionics upgrade for the
Condor, as previously disclosed in the Company's management
discussion and analysis for the six-month period ended June 30, 2022, and the Company reports that it
has subcontracted some of the engineering and development work to
accelerate the development. DDC is expected to achieve further
development milestones in the fourth quarter, including
recommencing flight testing upon conclusion of this upgrade.
Furthermore, DDC has also bolstered the engineering team with
the addition of Mr. Michael Poma as
the new Director of Engineering. Michael brings 20 years of
engineering experience in the aviation field with a track record of
successful product development projects. Michael is also well
versed in aircraft compliance as well as Transport Canada, FAA and
EASA airworthiness requirements.
"We are extremely pleased at the positive response the Condor
received during the Commercial UAV Expo and we are excited to
continue the development of the Condor drone which is the top
priority for our company. The addition of Michael Poma to our team will only strengthen
our engineering capabilities and leadership to continue to propel
us forward from a technology perspective," said Steve Magirias, CEO of DDC.
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 intended
to 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 TSXVenture 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.