TORONTO, ONTARIO – May 24, 2023 – Drone Delivery Canada Corp. (TSXV: FLT; OTC QX: TAKOF; Frankfurt: A3DP5Y or ABBA.F) (the “Company” or “DDC”) is pleased to announce, further to its press release dated June 2, 2022, that with the assistance of its sales agent Air Canada (TSX: AC) it has secured a 3-month extension of its award-winning drone delivery services operation at the Edmonton International Airport (“EIA”).
The extension continues the involvement of EIA, Apple Express Courier Ltd., and Ziing Final Mile Inc., and comes as a result of the successful collaboration between DDC and all the partners involved, showcasing the significant potential of drone delivery services in enhancing logistics and expanding transportation options in and around an airport environment.
The EIA drone delivery project, which began with the execution of an agreement with EIA in 2019, won an XCELLENCE Award for innovation from the Association for Unscrewed Vehicles Systems International and became commercially operational in May 2022, has been a key focus for DDC as it looks to expand its drone delivery capabilities in Canada. The project has been successful in demonstrating the ability of drones to transport cargo and parcels between the airport and nearby industrial areas, improving logistics and reducing ground transportation and road congestion as well as demonstrating the efficiency, safety, and reliability of DDC's drone delivery platform.
Steve Magirias, CEO of Drone Delivery Canada, commented: "We are pleased to have secured the extension of our operations at EIA, which will allow us to continue to provide innovative and efficient drone delivery services to our customers. We are also actively working with EIA to develop a next phase of drone delivery routes which could enable us to further expand our operations and explore new use cases for drone delivery within the EIA area."
The next phase of operations is expected to include an expansion of the drone delivery operations at EIA, including additional routes and cargo capacity, as well as the integration of new technologies and operational improvements.
"The positive feedback and support from our customers and partners have been instrumental in our success, and we are excited to further demonstrate the tremendous potential of our drone delivery technology" said Mr. Magirias.
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:
For further information:
Investor Relations: Mr. Steve Magirias, Chief Executive Officer, and Mr. Bill Mitoulas, Telephone: (416) 479-9547, Email: firstname.lastname@example.org;
Media Relations: Mr. Steve Magirias, Chief Executive Officer
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.