DDC ANNOUNCES COMMERCIAL AGREEMENT WITH GLOBALMEDIC FOR FIRST NATIONS COVID-19 PROJECT
TORONTO, ONTARIO – June 4th, 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 Air Canada (TSX: AC) and the Pontiac Group, it has entered into a commercial agreement dated June 4th, 2020 (the “Agreement”) with The David McAntony Gibson Foundation o/a GlobalMedic (“GM”) to deploy DDC’s patented drone delivery solution to provide service to the Beausoleil First Nation Community (“BFN”) in Ontario. Funding for the project was received by donors, including from OEC Group (Canada), a leading global logistics provider servicing clients in all major industries including aerospace, healthcare, global retail, automotive and manufacturing.
Pursuant to the terms of the Agreement, DDC will enable a defined two-way delivery flight route from/to BFN mainland to/from the BFN Christian 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 new commercial operations 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.
BFN 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.
“We are pleased to announce GlobalMedic as another paid commercial drone logistics customer. The Beausoleil First Nation community will benefit from our drone delivery solution during the COVID-19 pandemic by limiting person-to-person contact between the mainland and Christian Island, while keeping their supply chain open. Our solution is ideal for this application and we look forward to seeing the benefits for the Community,” said Michael Zahra, President & CEO of DDC. “To our knowledge this is the first announced COVID-19 related drone logistics project working with a humanitarian aid agency in Canada. We are grateful to GlobalMedic, OEC Group and other generous donors for their sincere concern for First Nations communities, involvement in this project and embracing our drone technology as a solution.”
“GlobalMedic is proud to be part of this program using drones to deliver desperately needed aid to an isolated First Nations Community. Through consultation with the Community we understand that supply chain issues exist and have been exacerbated by COVID19. We are excited to use drones as part of the solution to overcome these challenges. We have a well-known history of using drones to respond to crisis zones having deployed our drone teams to dozens of countries using our award winning RescUAV program. We thank the OEC group and other donors to help fund this project and look forward to seeing DDC drones in the air delivering lifesaving aid to our friends in Beausoleil First Nation,” said Rahul Singh, Executive Director at GlobalMedic.
“DDC and OEC have been looking for an opportunity to partner. When the chance popped up to help the Beausoleil First Nation community, it was an easy decision to make,” said Landon Bibeau, CMO of the OEC Group. “The community is in a remote area where medical resources and services are limited. Especially during the COVID-19 pandemic where human to human contact is sometimes difficult. We are truly grateful to be part of this project and look forward to bringing essential goods to the Beausoleil First Nation.”
About GlobalMedic
The David McAntony Gibson Foundation, which operates as GlobalMedic, has provided life-saving aid in the aftermath of disasters since 2002. We were founded based on the idea that aid could be delivered more effectively and efficiently. GlobalMedic’s goal has always been to get the right aid to the right people at the right time. Professional emergency workers along with other professional and skilled volunteers help deliver our programs to the people who need it most. To date, GlobalMedic has served over 3.4 million beneficiaries in 220 disasters across 73 countries. www.globalmedic.ca
About OEC Group (Canada)
Founded in 1984, the OEC Group expanded throughout Canada and emerged as a global logistics provider in over 260 locations throughout Asia, the Indian sub-continent, Europe, the Middle East, Russia, Central and South America, Africa and Australia. Our highly-skilled professionals arrange the most complex air and ocean shipments, door deliveries, custom clearance, insurance, IT solutions, consulting, warehousing, and distribution services. Using best-in-class carriers, we can accommodate any request, from a local delivery to major logistical projects throughout the world.
At OEC Group, we’ve built our reputation on the highest levels of quality and service. Our passion and dedication to serving clients and partners are the two main ingredients in our continued growth and success. The result is an exceedingly reliable, professional environment that ensures the safe, expedient delivery of your product with complete visibility at all times.
Driven by our forward-thinking corporate culture, we continually raise the bar to greater performance heights, delivering the kind of high-quality service that wins customer loyalty. www.oecgroup.ca
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 with Nasdaq International Designation 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:
https://www.linkedin.com/company/drone-delivery-canada/
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For further information:
Capital Markets: Mr. Richard Buzbuzian, Telephone: (647) 501-3290, Email: richard@dronedeliverycanada.com;
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.
