Drone Delivery Canada Announces Commercial Testing to Start for its Heavy-Lift, Long-Range Cargo Delivery Drone - The Condor

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Drone Delivery Canada Announces Commercial Testing to Start for its Heavy-Lift, Long-Range Cargo Delivery Drone - The Condor

Canada NewsWire

TORONTO, Feb. 21, 2020 /CNW/ - Drone Delivery Canada 'DDC' or the 'Company' (TSX.V: FLT, OTC: TAKOF), is pleased to announce that it will begin the commercialization of the Condor. The Condor has a lifting capability of 180kgs (400lbs) of payload, a travel range of 200kms and an operating speed of 120kph.  The multi-package payload compartment is designed to carry approximately 20 cubic feet of cargo.

This phase of Beyond Visual Line of Sight (BVLOS) flight testing will take place at the Foremost UAS Test Range in Alberta in the summer of 2020 under a Special Flight Operations Certificate (SFOC), anticipated in Q2 2020.  The Company is in discussions with various potential customers, who all have expressed strong interest in the Condor once finalizing commercial testing in Foremost.

"Market response to the Condor has been overwhelmingly strong.  The capabilities of the Condor simply address many social (medical, pharmaceutical, remote communities, humanitarian aid, etc) and economic (mining, oil & gas, courier, etc) use-cases being requested by DDC's customers. These requests are happening globally," said Michael Zahra, President and CEO.  "Based on direct market feedback, this will be a game-changer for the Company, our customers and the industry overall.  Additionally, DDC's patented FLYTE system is airframe agnostic, meaning it can easily be integrated onto future DDC or 3rd party drones and rotary or fixed-wing manned aircraft to allow the Company to offer a strong technology roadmap for even heavier-lift and longer-range drones in the future." 

The Condor measures 22 feet long, 5 feet wide and 7 feet tall. It has a rotor diameter of approximately 20 feet and is capable of vertical takeoff and landing. It is equipped with DDC's proprietary FLYTE management system which is the same platform used in all of DDC's cargo delivery drones.

The Company is active in deploying commercial agreements previously announced and anticipates seeing operations start in Q1 with revenue generating agreements.  

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 .

Read more at: www.DroneDeliveryCanada.com or on DDC's social media.

About the Foremost Test Range
The Foremost Test Range is a permanent Restricted Airspace area for flying Unmanned Aircraft Systems, located in Southeast Alberta. The airspace is particularly attractive for companies that wish to conduct beyond visual line-of-sight (BVLOS) test flights. The test range provides 700 square nautical miles (2400 square kilometres) of airspace designated for drone operations up to 18,000 feet above sea level.

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.

SOURCE Drone Delivery Canada

View original content: http://www.newswire.ca/en/releases/archive/February2020/21/c1285.html

Copyright CNW Group 2020

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).