TORONTO, Jan. 18,
2024 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT)
(OTCQX: TAKOF) (Frankfurt: A3DP5Y)
or (Frankfurt: ABBA.F) (the "Company" or "DDC") is pleased to
announce, that with the assistance of its sales agent Air Canada
(TSX: AC), it has entered into multiple commercial agreements
executed by the Company on January 9,
2024 (the "Agreements") with each of Edmonton International Airport ("YEG"), Apple
Express Courier Ltd., BBE Expediting Ltd., and MFN Management Inc.
(a wholly owned corporation of Montana First Nation) (collectively,
the "Customers") to deploy DDC's award-winning and patented drone
delivery solution at Edmonton
International Airport.
The agreements, with an aggregate value of $417,000 will run for a 12-month duration.
Pursuant to the terms of the agreements, DDC will expand the
defined route delivery from YEG with an additional DroneSpot™ at a
medical clinic located in the city of Leduc, Alberta. Cargo delivery will take place
from YEG to the medical clinic while also maintaining the
current delivery route from YEG to the off airport DroneSpot™ in
Leduc County, which formed the delivery route for the first phase
of the project. The medical clinic is wholly owned by Montana First
Nation and provides health care services to indigenous and
non-indigenous Canadians.
All operations will be conducted in accordance with applicable
Canadian regulations and/or Transport Canada special approvals with
flights remotely piloted by DDC from its Operations Control Centre
located in Vaughan,
Ontario. Additionally, the Canary Remotely Piloted Aircraft
("RPA") will be used on this route once operational.
DDC will commence deployment of the site infrastructure shortly
and expects to begin providing drone delivery services under the
commercial agreements later in 2024. The YEG drone delivery
project, which began with the execution of an agreement with YEG in
2019, won an XCELLENCE Award for innovation from the Association
for Uncrewed Vehicles Systems International in 2022 and became
commercially operational in May 2022.
During the first phase of the project, over 2,400 flights with a
total flight distance of over 6,500km were completed. The new
agreements add a second leg to the operations originating out of
the central DroneSpot™ at YEG.
Steve Magirias, CEO of Drone
Delivery Canada, commented: "We are very pleased to sign these new
agreements as part of the next phase of our operations at
Edmonton International Airport, as
well as introducing two new partners as part of the agreements.
This next phase will enable us to further expand our delivery
capabilities, showcase our Canary RPA, and explore new use cases
for RPA delivery within the YEG area."
"As we build out the drone delivery demand, we continue to
safely innovate the process through a collaborative approach with
our partners. Alongside Leduc County and the City of Leduc, we are proud to advance
sustainable solutions to first and final mile delivery at
Edmonton International Airport and
the surrounding region. Part of our commitment to being net zero by
2040 is creating opportunities for sustainable transportation and
aviation, and we are excited to continue supporting and enhancing
the future of drone delivery in the Edmonton Metro Region," said
Myron Keehn, President & CEO, of
YEG.
"We are excited to collaborate with our Edmonton partners as we explore novel
approaches to meet the growing demands of our healthcare and
technology customers. Cutting-edge last-mile delivery solutions are
essential in exceeding client expectations today and in the
evolving future," stated Nasser Syed, CEO of Apple Express Courier
Ltd.
"As we continue to find new ways to digitize the supply chain,
BBE is excited to participate in this innovative drone delivery
project alongside our partners in Edmonton. Finding ways to push the boundaries
on what is possible for remote deliveries is important to the
future health of logistics," said Heather
Stewart, President of BBE Expediting Ltd.
"MFN Management Inc. is excited to be working with Drone
Delivery Canada, Air Canada, BBE Expediting, Edmonton International Airport, Apple Express
and the other partners on this project. As a company, we are always
looking for innovative and sustainable opportunities for growth. We
hope to develop some services and opportunities from this project
to support our corporate growth strategy," said George Addai, General Manager, MFN Management
Inc.
About Edmonton International
Airport
Edmonton
International Airport (YEG) is a self-funded, not-for-profit
corporation driving economic prosperity for the Edmonton
Metropolitan Region and beyond. YEG is Canada's fifth-busiest airport by passenger
traffic and the largest major Canadian airport by land area,
generating an economic output of over $3.2
billion and supporting over 26,000 jobs pre-pandemic. From
sustainability initiatives like Airport City Sustainability Campus
to being the first airport in the world to sign The Climate Pledge
and the first in Canada to begin
regularly scheduled drone delivery operations, YEG is a global
leader in the aviation industry. YEG approaches equity, diversity,
and inclusion by creating 'an airport for everyone.' For more
information, please visit: flyeia.com, follow @flyyeg
on Twitter, Instagram, LinkedIn or Facebook.
About Apple Express Courier Ltd.
In 1985 Apple Express
was established as a Toronto-based, local-delivery business. Strong
leadership and a strategic vision enabled the company to achieve
steady growth. With a view to the future, the company invested in
emerging technology and infrastructure to service the world's
largest brands. Today, Apple Express provides its customers with
strategic transportation and logistics services through the
utilization of its people's skills, processes, and technology. Its
strategic goal is to take on and aggregate, more and more of its
customers' non-strategic processes, particularly as they relate to
the "last mile" of their initial and ongoing relationship with
their customers. Apple Express delivers highly customized,
outsourced, SLA satisfaction and last-mile supply chain
solutions for large healthcare, IT, and retail businesses. In 2016,
Apple Express was acquired by a wholly owned subsidiary of bpost
SA-NV, the Belgian-based international parcel and mail delivery
service. Read more about the company at: www.appleexpress.com
About BBE Expediting Ltd.
BBE Expediting Ltd
("BBE") is a supply chain company that provides freight
forwarding and distribution services across Canada. Since 1977, BBE leverages the right
technology, expertise and partners to provide connections around
the world for its customers' cargo needs. Pairing dedicated
personalized service with forward thinking technology, it ensures
the ordinary to extraordinary arrive on time. For more information
on BBE's services please contact: sales@bbex.com
About Montana First Nation
The Montana First Nation,
No. 139 is located approximately 90 kilometers south of
Edmonton, and 3 kilometers east of
Highway No. 2A, Alberta, with a
vision to be "A Prosperous Healthy Sovereign First Nation deeply
rooted in the Cree way of Life".
About Drone Delivery Canada Corp.
Drone Delivery
Canada Corp. is an 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 TSX Venture 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 A3DP5Y or ABBA.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.