June 10, 2020

DRONE DELIVERY CANADA ANNOUNCES NEW SPARROW FUNCTIONALITY – OPENS FURTHER MARKET OPPORTUNITIES

 

TORONTO, ONTARIO – June 10th, 2020 – Drone Delivery Canada Corp. (TSXV: FLT;   OTC: TAKOF;  Frankfurt:  A2AMGZ or ABB.F) (the “Company” or “DDC”) is pleased to announce new Sparrow functionality that opens further healthcare, commercial and residential use cases.

 

The Company has successfully engineered and tested payload drop functionality for the Sparrow drone.  This new functionality allows a package to be loaded at the point of origin, fly to a destination, hover at a lowered altitude, drop a payload without landing, and return to the point of origin.  The Sparrow has a total flight range of up to 30km with a maximum payload capacity of approximately 4.3kg (10lbs) and operates with the Company’s advanced, automated and patented FLYTE software system.  All intellectual property is owned by the Company.

 

“The payload drop system is now ready for commercial roll out. This exciting new Sparrow functionality allows us to even further penetrate drone delivery applications, subject to Transport Canada regulations, in healthcare, pharmaceutical, emergency aid, commercial and residential markets while also effectively limiting person-to-person contact,” said Michael Zahra, President & CEO of DDC. “DDC continues to be a leader in the drone logistics industry and we are in active discussions with numerous prospective customers to utilize this new functionality for drone deliveries.”

 

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/

 

https://www.youtube.com/channel/UCc_3XCRUn8lJlnPQDk3z6mQ

 

https://www.facebook.com/dronedeliverycanada/

 

https://www.instagram.com/dronedeliverycanada/

 

https://twitter.com/DroneDeliveryCa

 

 

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.