TORONTO, Dec. 15, 2020 /CNW/ - Drone Delivery Canada Corp.
(TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ)
(Frankfurt: ABB.F) (the "Company" or "DDC") is
pleased to announce that, with the assistance of its sales agent
Air Canada (TSX: AC), it has executed a non-binding Letter of
Intent ("LOI"), effective December
14th, 2020, with IDP Group Inc.
("IDP").
Under the terms of the LOI, the parties are cooperating to work
towards a binding 10-year term definitive agreement (the
"Agreement"). The Agreement will set out the terms and
conditions respecting the Company's drone delivery solution using
DDC's Sparrow, Robin XL and Condor drones, DroneSpotTM
depots, and the Company's patented and proprietary FLYTE system, in
a Software as a Service (SaaS) model. DDC will provide
implementation & commissioning of the systems, training,
technical support, ongoing managed services and remote monitoring
from its Operations Control Centre in Vaughan, Ontario.
Anticipated projects on which the parties are focusing are for
IDP to establish a commercial-scale drone depot and drone-specific
third-party logistics (3PL) depot at its facility in Ontario, as well as multiple drone depots
across the country, over the term of the Agreement, with an initial
focus of providing e-commerce solutions to remote Canadian
Indigenous communities, and an expected subsequent plan for a
complete national drone coverage solution, and to use the drone
infrastructure to provide support to emergency services &
response, fire, health, security, surveillance, as well to use DDC
drones as a means of delivering commercial products to suburban and
ultimately urban areas. IDP is also interested in potentially
incorporating DDC's drone infrastructure into IDP's
SINA(1) Building System that can provide temporary &
long-term accommodations, institutional space as well as negative
pressure mobile ICU & hospital solutions, with
pre-qualification under the Canadian Federal Government's
Innovation Solutions Canada program. All operations will be
conducted in accordance with the Canadian Aviation Regulations and
Transport Canada flight authorizations.
"We are pleased to be working with IDP towards a binding
agreement for their innovative logistics solution for remote
communities, e-commerce, emergency services, and healthcare
applications. IDP's vision for a very broad range of drone delivery
applications fits perfectly with the wide-ranging capabilities and
use cases that the DDC solution can address. Market response to our
solution has been very favourable in Canada and internationally, and we are pleased
with our ongoing progress and momentum," said Michael Zahra, President & CEO of Drone
Delivery Canada.
"In our view, a commercial-scale drone depot with a dedicated
50,000 sqft infrastructure and 10+ acres of land that can support
multiple daily flights of numerous drones, is a giant leap forward
in bringing goods and services to remote parts of Canada, as well as a big step in providing a
nation-wide drone support network for a variety of other uses and
needs. We can provide this exact infrastructure today at our
headquarters, and by having Drone Delivery Canada with all that
they offer on the table as partners, the right pieces of this
unique and complex plan are coming together. This year we launched
SINA Building Systems, a complete prefabricated building solution
that can provide high end automation, technology and security and
deploy within days, perfect for setting up "drone ports" across the
country to refuel, pick up & drop off cargo and complete a
coast-to-coast network. We plan to build on DDC's existing
DroneSpots and build larger drone ports to deploy across the
country, and with the main drone port at our HQ, complete
coast-to-coast drone coverage would be an exciting possibility."
- Mr. Hamed Asl from IDP Group.
About IDP Group Inc.
IDP Group is a
multifaceted group of companies located in a 330,000 sqft facility
in Chesterville, Ontario, with
more than twenty years of expertise in warehousing, logistics,
modular construction as well as technology development in vertical
farming, hypersensitive HVAC systems and clean room environments
with air pressure differentials and automation.
(1)SINA is IDP's mobile, scalable, modular
prefabricated fast deploying building system that can be used in
healthcare, long-term care, correctional facilities, institutional
space as well as accommodations and many other fields. SINA can
contain ICU, acute care, isolation units, labs, pharmacies, and
other features with complete pressurized infrastructure across the
entire facility, a world's first at this scale. It can assist with
hospital surge capacity to decrease overcrowding and provide
emergency support infrastructure in variety of design when and
where it's needed.
About Drone Delivery Canada Corp.
Drone Delivery
Canada Corp. 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 under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F .
Read more about the Company 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. 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.
SOURCE Drone Delivery Canada