DDC AND TECSYS SIGN COMMERCIALIZATION AGREEMENT FOR DRONE DELIVERY DEVELOPMENT IN HEALTHCARE SUPPLY CHAIN MANAGEMENT SERVICES
Toronto, ON, August 1, 2017 – Drone Delivery Canada ‘DDC or the Company’ (CSE:FLT), is pleased to announce it has signed a commercial agreement with TECSYS Inc., the market leader in supply chain solutions for health systems and hospitals, to collaborate on the design, development and implementation of a drone delivery solution to expand the logistics capabilities of TECSYS specifically in the healthcare vertical.
Utilizing DDC’s logistics platform, the development, prototyping and testing will be focused on a customized Depot to Depot solution as well as a Depot to Consumer solution on the healthcare supply chain vertical.
If the testing and development are successful to the satisfaction of both parties, the Parties agree to proceed, in good faith negotiations and delivery of the definitive commercial agreement once finalized government legislation is enacted (estimated Q4 2017). DDC shall be responsible for their own costs and expenses with respect to the testing and the development of the drone delivery logistics platform solution.
“We are the only drone delivery company in Canada to successfully achieve Beyond Visual Line of Sight (BVLOS) testing and are very pleased to announce this agreement with TECSYS which is another very big win for us. Working with TECSYS, we see great opportunities to serve the healthcare sector across North America. We’re aware of many opportunities to improve rural healthcare by using drones and by working with TECSYS, an innovation leader in the field, we will develop healthcare solutions”, commented Tony Di Benedetto, CEO of Drone Delivery Canada.
TECSYS provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. TECSYS solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution and transportation management, supply management at point-of-use, as well as complete financial management and analytics solutions. Customers running on TECSYS’ Supply Chain Platform are confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business need or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, TECSYS puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before. TECSYS’ shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
For more information, please visit www.dronedeliverycanada.com
About Drone Delivery Canada
Drone Delivery Canada is a drone technology company based out of Vaughan, Ontario focused on the design, development and implementation of a commercial drone logistics platform for government and corporate organizations. Drone Delivery Canada Corp. is a publicly listed company trading on the Canadian Securities Exchange under the symbol FLT.
For more information, please contact:
Richard Buzbuzian, President, Drone Delivery Canada, Telephone: (647) 501-3290, Email: email@example.com
Bill Mitoulis, Investor Relations, Drone Delivery Canada, Telephone: (416) 837-7147, Email: firstname.lastname@example.org