TORONTO, Dec. 5, 2018 /CNW/ - Drone Delivery Canada
'DDC or the Company' (TSX.V:FLT OTC:TAKOF), is pleased to
announce that it has executed a commercial agreement with the Moose
Cree First Nation to deploy DDC's drone delivery technology
platform with the Moose Cree First Nation communities.
The Company is currently permitted to commercially operate its
drone delivery platform within the Moosonee and Moose
Factory communities with its Compliant Special Flight
Operations Certificate (SFOC) which permits DDC to conduct drone
operations in all Canadian provinces and territories. DDC, with its
Compliant SFOC in hand, will deploy its drone delivery platform to
service the communities of Moose
Factory and Moosonee, two
northern towns located in Ontario
approximately 19 kilometres south of James Bay.
Utilizing DDC's compliant Sparrow aircraft, capable of a 5 kg
payload, goods to be commercially transported between the
communities will include, letters, general parcels, medical
supplies, and other general necessities.
Financial terms of the agreement are $2.5
Million of revenue for year one with the potential to expand
services in following years. As previously anticipated, it is
expected that revenues will begin to be received late in Q2, 2019
once Federal funding is received by the Moose Cree First
Nations.
"We are on track with the roll out of our commercial operations
in Q2 of 2019", commented Tony Di
Benedetto, CEO of Drone Delivery Canada. "This
agreement is representative of the large 'Remote Communities'
market that we see penetrating over the next 3 to 5 years. The
Remote Communities market is only one segment of the overall total
addressable market in Canada. In
addition to Canada, DDC is working
with other customers around the globe to licence our FLYTE software
and drone delivery technology."
In Canada, there are
approximately one thousand remote communities, and, almost all face
similar infrastructure and logistics challenges that contribute to
a high cost of living. DDC looks to provide a cost effective and
highly efficient logistic solution to these communities to improve
lives and to create jobs in Canada's north all while reducing costs.
"We have worked closely with DDC for nearly two years and see
the many benefits of DDC's Drone Delivery Technology to our
community as well as many others like us. Where infrastructure is
weak, or at times non-existent or accessible, DDC's drone delivery
platfrom is a valuable solution to connect remote communities and
provide fast and efficient deliveries that were once not possible,"
commented Stan Kapashesit, Director
of Economic Development Moose Cree First Nation.
The Company is currently focused on strengthening its management
team amongst all levels with a focus on enlisting the smartest
minds to assist in driving commercial operations.
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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
View original
content:http://www.prnewswire.com/news-releases/drone-delivery-canada-signs-2-5-million-commercial-agreement-with-moose-cree-first-nation-to-deploy-ddcs-drone-delivery-platform-300760877.html
SOURCE Drone Delivery Canada