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Drone Delivery Canada Corp V.FLT

Alternate Symbol(s):  TAKOF

Drone Delivery Canada Corp. is a Canada-based drone technology company. The Company is focused on the designing, development and implementation of its proprietary logistics software platform, using drones. The Company’s hardware/software platform is used as a managed service and software as a service business model for government and corporate organizations. It is scalable to operational capabilities 24 hours a day, 365 days a year. It provides a complete turnkey logistics solution, which includes a proprietary software system (FLYTE), hardware and professional services, allowing for an autonomous cargo delivery process from depot to depot. It is focused on servicing a range of vertical markets, including remote communities, Indigenous communities, courier services, retail, e-commerce, mining, oil and gas, healthcare and pharmaceuticals, government, military, shore-to-ship, and construction applications in Canada and potentially internationally.


TSXV:FLT - Post by User

Post by BRE128on Dec 15, 2020 8:08am
379 Views
Post# 32107126

DRONE DELIVERY CANADA ANNOUNCES LETTER OF INTENT WITH IDP GR

DRONE DELIVERY CANADA ANNOUNCES LETTER OF INTENT WITH IDP GR

TORONTO, ONTARIO – December 15th, 2020 – Drone Delivery Canada Corp. (TSXV: FLT;  OTC: TAKOF;  Frankfurt:  A2AMGZ or ABB.F) (the “Company” or “DDC”) is pleased to announce that, with the assistance of its sales agent Air Canada  (TSX: AC), it has executed a non-binding Letter of Intent (“LOI”), effective December 14th, 2020, with IDP Group Inc. (“IDP”).

 

Under the terms of the LOI, the parties are cooperating to work towards a binding 10-year term definitive agreement (the “Agreement”). The Agreement will set out the terms and conditions respecting the Company’s drone delivery solution using DDC’s Sparrow, Robin XL and Condor drones, DroneSpotTM depots, and the Company’s patented and proprietary FLYTE system, in a Software as a Service (SaaS) model. DDC will provide implementation & commissioning of the systems, training, technical support, ongoing managed services and remote monitoring from its Operations Control Centre in Vaughan, Ontario.

 

Anticipated projects on which the parties are focusing are for IDP to establish a commercial-scale drone depot and drone-specific third-party logistics (3PL) depot at its facility in Ontario, as well as multiple drone depots across the country, over the term of the Agreement, with an initial focus of providing e-commerce solutions to remote Canadian Indigenous communities, and an expected subsequent plan for a complete national drone coverage solution, and to use the drone infrastructure to provide support to emergency services & response, fire, health, security, surveillance, as well to use DDC drones as a means of delivering commercial products to suburban and ultimately urban areas. IDP is also interested in potentially incorporating DDC’s drone infrastructure into IDP’s SINA(1) Building System that can provide temporary & long-term accommodations, institutional space as well as negative pressure mobile ICU & hospital solutions, with pre-qualification under the Canadian Federal Government’s Innovation

Solutions Canada program.  All operations will be conducted in accordance with the Canadian Aviation Regulations and Transport Canada flight authorizations.

 

“We are pleased to be working with IDP towards a binding agreement for their innovative logistics solution for remote communities, e-commerce, emergency services, and healthcare applications. IDP’s vision for a very broad range of drone delivery applications fits perfectly with the wide-ranging capabilities and use cases that the DDC solution can address. Market response to our solution has been very favourable in Canada and internationally, and we are pleased with our ongoing progress and momentum,” said Michael Zahra, President & CEO of Drone Delivery Canada.

 

“In our view, a commercial-scale drone depot with a dedicated 50,000 sqft infrastructure and 10+ acres of land that can support multiple daily flights of numerous drones, is a giant leap forward in bringing goods and services to remote parts of Canada, as well as a big step in providing a nation-wide drone support network for a variety of other uses and needs. We can provide this exact infrastructure today at our headquarters, and by having Drone Delivery Canada with all that they offer on the table as partners, the right pieces of this unique and complex plan are coming together. This year we launched SINA Building Systems, a complete prefabricated building solution that can provide high end automation, technology and security and deploy within days, perfect for setting up “drone ports” across the country to refuel, pick up & drop off cargo and complete a coast-to-coast network. We plan to build on DDC’s existing DroneSpots and build larger drone ports to deploy across the country, and with the main drone port at our HQ, complete coast-to-coast drone coverage would be an exciting possibility.”  – Mr. Hamed Asl from IDP Group.

 

 

About IDP Group Inc. 

IDP Group is a multifaceted group of companies located in a 330,000 sqft facility in Chesterville, Ontario, with more than twenty years of expertise in warehousing, logistics, modular construction as well as technology development in vertical farming, hypersensitive HVAC systems and clean room environments with air pressure differentials and automation.

 

(1)SINA is IDP’s mobile, scalable, modular prefabricated fast deploying building system that can be used in healthcare, long-term care, correctional facilities, institutional space as well as accommodations and many other fields. SINA can contain ICU, acute care, isolation units, labs, pharmacies, and other features with complete pressurized infrastructure across the entire facility, a world’s first at this scale. It can assist with hospital surge capacity to decrease overcrowding and provide emergency support infrastructure in variety of design when and where it’s needed

https://dronedeliverycanada.com/resources/drone-delivery-canada-announces-letter-of-intent-with-idp-group-inc/://dronedeliverycanada.com/resources/drone-delivery-canada-announces-letter-of-intent-with-idp-group-inc/

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