DDC COMMENCES PROCESS FOR COMMERCIAL ENTRY INTO UNITED STATES MARKET
TORONTO, ONTARIO – July 9th, 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 commenced the process to enter the USA market as a drone delivery operator.
The Company is in discussions with various potential US-based partners who have expressed positive interest in working with DDC to provide the Company’s proprietary systems to support drone delivery solutions for multiple vertical markets and use-cases in multiple geographies.
The Company has started the process to apply for an aircraft Type Design Approval for the Sparrow drone, with subsequent aircraft in DDC’s fleet to follow. Potential US-based partners would use the DDC delivery system to conduct for-hire drone delivery operations in the US under 14 CFR Part 135 rules. The aircraft Type Certification effort is an essential first step for enabling FAA approval of routine beyond visual line-of-sight delivery operations, which in-turn will provide significant opportunities for expansion. The Company is currently permitted to conduct limited delivery operations in the US using visual line of sight regulations under 14 CFR Part 107 rules.
“We have successfully proven and commercialized the business model and gained market traction in Canada, and it’s a natural progression to expand, in a controlled means, to international markets. We have active discussions underway in numerous international target markets and the United States is an obvious choice. We have flown successfully in the Unites States in a Beyond Visual Line of Sight (BVLOS) pilot project, and now we are ready to start the process to enter the United States commercially. We are excited about the opportunities ahead of us in Canada and internationally and have a strong funnel of interested prospects,” said Michael Zahra, President & CEO of DDC.
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. Reimagining the Way You Deliver.
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/dronedeliverycanada
https://www.facebook.com/dronedeliverycanada
https://www.instagram.com/dronedeliverycanada
https://www.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.
