DDC ANNOUNCES COMMERCIAL AGREEMENT WITH GEORGINA ISLAND FIRST NATION FOR COVID-19 PROJECT
TORONTO, ONTARIO – July 30, 2020 – Drone Delivery Canada Corp. (TSXV: FLT; OTC: TAKOF; Frankfurt: A2AMGZ or ABB.F) (the “Company” or “DDC”) is pleased to announce that with the assistance of its sales agent Air Canada (TSX: AC) and also the Pontiac Group, it has entered into a commercial agreement dated July 30, 2020 (the “Agreement”) with the Georgina Island First Nation (“GIFN”) to deploy DDC’s patented drone delivery solution to provide service to the GIFN community in Ontario.
Pursuant to the terms of the Agreement, DDC will enable a defined two-way delivery flight route from/to GIFN mainland to/from Georgina Island utilizing the Sparrow drone and its DroneSpotTM takeoff and landing zones as well as additional drone flight infrastructure as required. All operations will be conducted in accordance with the Canadian Aviation Regulations and Transport Canada flight authorizations. Flights will be remotely monitored by DDC from its Operations Control Centre located in Vaughan, Ontario. DDC will commence deployment of site infrastructure shortly and expects to begin providing drone delivery services under the Agreement in Q3 of 2020.
GIFN will use DDC’s Sparrow drone solution to limit person-to-person contact on its island ferry service by transporting COVID-19 related cargo such as personal protection equipment (PPE), hygiene kits, test kits, test swabs, etc.
The Agreement provides for the payment of an up-front, fixed-fee for managed services for the project. The term of the Agreement is six months.
GIFN has been approved for funding from the Government of Canada, through Indigenous Services Canada, for this drone project for the delivery of medical supplies to, and samples from, the community via drone. Indigenous Services Canada is looking at this project as a pilot to provide a “Proof of Concept” for future consideration of the use of drone delivery as an effective means to limit person-to-person contact during the pandemic while maintaining the provision of COVID-related medical supplies.
“As a leader in the industry, we are pleased to announce Georgina Island First Nation as a drone logistics customer. The Community is expected to benefit from our drone delivery solution during the COVID-19 pandemic by limiting person-to-person contact between the mainland and Georgina Island, while keeping their medical supply chain open. This is yet another example showing our drone delivery solution is ideally suited for this type of application and we look forward to helping the Community,” said Michael Zahra, President & CEO of DDC.
“We are pleased to be working with Drone Delivery Canada, Air Canada and the Pontiac Group on this project to maintain our supply chain for COVID-19 medical supplies while limiting person-to-person contact during the current pandemic situation. Drone delivery is an innovative solution and we look forward to seeing the benefits for our Community. We are thankful to Indigenous Services Canada for funding this project,” said Councilor William McCue of the Georgina Island First Nation.
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 at: www.DroneDeliveryCanada.com or on DDC’s social media:
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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.
