RE:Stock up 10% —It's probably up today on news about Condor: From SEDAR September 1:
Drone Delivery Canada Condor (CNW Group/Drone Delivery Canada)
The Company successfully tested numerous critical aspects of the Condor, including: tripleredundant
communications system (satellite, cellular, 900MHz RF); triple-redundant navigational
guidance system; triple-redundant autopilot system; monitoring of unmanned flights remotely from
DDC's Operations Control Centre in Vaughan, Ontario; general flight stability and performance; and
fuel consumption characteristics.
The Company expects to complete further Condor testing in Q4 2020 in preparation for
commercialization. A Condor unit is also being prepared for future commercial customer
operations. The Company currently has three Condor units.
The Condor is currently the Company's largest drone with an expected range of 200km and payload
capacity of 180kg and is fully integrated with the Company's patented FLYTE software system.
The solution is marketed in a managed service SaaS business model in Canada and as a licensed
managed service internationally.
"We are very pleased with the ongoing successful testing results of the Condor. By the end of 2020
we also expect to have testing on the Robin XL completed. The Sparrow, Robin XL and Condor all
have unique use-case applications based on range and payload capabilities, and we are excited to
have all three coming to market. Pre-selling efforts are underway and market response has been
very favourable in Canada and internationally. We continue to be a leader in the industry with our
advanced, proven solution," said Michael Zahra, President & CEO of DDC.
The Company plans to release further videos of the Condor shortly. For a Condor teaser trailer
video, please visit: https://youtu.be/TTHJu81_f0k