DDC ANNOUNCES PARTICIPATION IN RESEARCH PROJECT WITH THE UNIVERSITY OF TORONTO AND FORD MOTOR COMPANY
TORONTO, ONTARIO – October 15th, 2020 – Drone Delivery Canada Corp. (TSXV: FLT; OTC: TAKOF; Frankfurt: A2AMGZ or ABB.F) (the “Company” or “DDC”) is pleased to announce that it has been invited to participate in a research endeavour with the University of Toronto Institute of Aerospace Studies (“UTIAS”) and Ford Motor Company (“Ford”).
Under the terms of the agreement, the parties shall cooperate and work jointly towards testing an automated drone as it tracks and lands on a moving ground vehicle within the flight arena.
“As a clear leader in the drone logistics industry globally, we are pleased to be working with world-class organizations such as UTIAS and Ford to advance our technology and applications for drone delivery. We continue to move the industry forward and these advances can create further commercial use cases for drone delivery. We have a proud history of R&D which has resulted in unique and patented intellectual property and the successful commercialization of our advanced logistics solution,” said Michael Zahra, President & CEO of DDC.
“This work could greatly expand the applications quadrotor drones are useful for. The more advanced they become, the better they will be at inspecting infrastructure, search and rescue in remote environments, tracking moving objects for security, and delivering light-weight packages. We want to execute repeated landings on the moving vehicle, maintaining the relative position accuracy to within 10 centimeters, even as the speed of the target vehicle increases,” said Associate Professor Steven Waslander, University of Toronto Institute of Aerospace Studies.
“Foundational research infrastructure, coupled with world-class researchers, leads to groundbreaking discoveries,” said Ramin Farnood, U of T Engineering’s Vice-Dean of Research. “With the support of the Canada Foundation for Innovation, our U of T Engineering researchers can continue to be leaders in their field and make positive, vital contributions to our society and the economy.”
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.
