DDC ANNOUNCES UPDATE ON SUCCESSFUL CONDOR TESTING
TORONTO, ONTARIO – October 29th, 2020 – Drone Delivery Canada Corp. (TSXV: FLT; OTC: TAKOF; Frankfurt: A2AMGZ or ABB.F) (the “Company” or “DDC”) is pleased to provide an update on the Condor drone from successful testing at the Alma, Quebec Unmanned Aerial System Centre of Excellence.
On September 1st, 2020, the Company had announced successful testing of numerous critical aspects of the Condor, including: triple-redundant communications system (satellite, cellular, 900MHz RF); triple-redundant navigational guidance system; triple-redundant autopilot system; monitoring of unmanned flights remotely from DDC’s Operations Control Centre in Vaughan, Ontario; general flight stability and performance; and fuel consumption characteristics.
The Company is pleased to announce that, recently in October, it has successfully tested many of the above aspects again, in addition to numerous other attributes of the Condor: multiple unique flying patterns, multiple velocity vectors and altitude profiles, sound pressure levels, engine tuning characteristics, maintenance procedures, logging of flight data, and extended endurance testing in varying environmental conditions.
The Company expects to complete further Condor testing in Q4 2020 in preparation for commercialization. Pursuant to proposed Transport Canada regulations, the Condor would not require a formal aircraft type-certification when operated in specific lower-risk (remote) locations, as is intended. Commercialization in support of COVID-19 related activities and also remote area deliveries would commence for 2021 projects once DDC has completed testing, expected in Q4 2020. Flight approvals would be requested through Transport Canada following the straightforward and well-established Special Flight Operations Certificate (SFOC) process that DDC has successfully used in the past. The Company currently has three Condor aircraft, one of which is being prepared for future commercial customer operations.
The Condor is currently the Company’s largest drone with an expected range of 200km (124mi) and a payload capacity of 180kg (396lb) and is fully integrated with the Company’s patented FLYTE software system. The turnkey solution is marketed in a managed service SaaS business model in Canada and as a licensed managed service internationally.
“We are very pleased with the ongoing successful testing of our Condor delivery drone. We continue to make favourable progress with the Robin XL as well. The Sparrow, Robin XL and Condor all have unique use-case applications based on range and payload capabilities, and we are excited to have the two additional models coming to market. Robin XL & Condor pre-selling efforts are underway and market response has been very favourable in Canada and internationally, and we are working on a number of specific prospective opportunities for both,” said Michael Zahra, President & CEO of DDC.
For video of the Condor in flight, please visit: https://youtu.be/z6alNN-Uaxk
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/
For further information:
Investor Relations: Mr. Michael Zahra, Chief Executive Officer, and Mr. Bill Mitoulas, Telephone: (416) 479-9547, Email: billm@dronedeliverycanada.com;
Media Relations: Mr. Nelson Hudes, Hudes Communications International, Telephone: (905) 660-9155, Email: nelson@hudescommunications.com
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.
