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Bullboard - Stock Discussion Forum Volatus Aerospace Inc V.FLT

Alternate Symbol(s):  TAKOF

Volatus Aerospace Inc. is a consolidator and integrator of aerial intelligence and logistics solutions. It provides meaningful aerial solutions for end users across various industries using both piloted and remotely piloted aircraft systems. Its services include drone services quote, aerial surveillance, cargo solutions, confined space inspections, drone lidar inspections, drone inspection... see more

TSXV:FLT - Post Discussion

Volatus Aerospace Inc > DRONE DELIVERY CANADA ANNOUNCES LETTER OF INTENT WITH IDP GR
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Post by BRE128 on Dec 15, 2020 8:08am

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/

Comment by Manipulated on Dec 15, 2020 9:53am
Another LOI?? Yeah I think I'll still wait for.79¢ and then see what it wants to do from there 
Comment by Manipulated on Dec 15, 2020 11:28am
Touched .84¢. Getting closer
Comment by Tradertimestwo on Dec 15, 2020 4:05pm
Youre hilarious. We're up on low volume. Not sure if we get to .79 but you better be first in line cause everyone else will want to load up too.
Comment by InvestForce on Dec 15, 2020 4:48pm
Absolutely I'd add more on a dip. In my opinion and experience, LOIs and great news relating to productivity, execution, momentum and intentions for deals are what I call "spring loading" or setting up the compression for a justified share price rise and higher multiple. Larger investors may wait till the dollars actually role in but spring loading news keeps them in play and ...more  
Comment by pintyscashphd on Dec 16, 2020 6:40am
thanks for the advice re planning ahead for sp rising, makes perfect sense -my approach to this point has been to "luck out" I guess on selling a few times but mostly to disappoint by selling away too early lol. Thanks again & good luck!
Comment by Nordico on Dec 15, 2020 7:06pm
You are not going to get .79. Instead you'll be left waiting in the dust while the SP takes off.
Comment by Manipulated on Dec 15, 2020 8:08pm
You're probably one the people on that Facebook page who say "88's gotta be support" or "I just bought a $hit load @89". See you at @79.... probably lower
Comment by GreekTitan on Dec 15, 2020 9:13pm
Last PP was at 0.88$... that is why it's a solid support bud... don't be mad. Basic stuff.
Comment by Manipulated on Dec 15, 2020 9:46pm
Basic huh? Keep buying the dip then lmao
Comment by Manipulated on Dec 15, 2020 9:49pm
Learn how to read a chart Demetri. The chart tells all
Comment by GreekTitan on Dec 15, 2020 9:59pm
  A chart can be interpreted in many ways depending on the TF. I didn't catch your name?:o
Comment by Manipulated on Dec 15, 2020 10:06pm
You didn't catch my name? You've been replying to me all this time. Man-ip-u-la-ted. 
Comment by GreekTitan on Dec 15, 2020 10:13pm
  Your actual name. Not the pseudo name you use online :)
Comment by Manipulated on Dec 15, 2020 10:22pm
Come on Demetri no one uses their actual name on this forum. You don't. I just put 2 and 2 together and figured it out. Rather easy I must say
Comment by GreekTitan on Dec 15, 2020 10:34pm
  I am not trying to hide it :p But you are right. I was on here before joining the DDC group
Comment by InvestForce on Dec 15, 2020 9:56am
This is the answer I was looking for, namely how to set up lauching sites and base operations for the routes. Sina Building solutions sets up in one day. Now that's a model for scalability and practical growth without bounds. DDC is firing on all cylinders. Drone spots across the country. Beautiful.
Comment by pintyscashphd on Dec 15, 2020 10:41am
agree completely investforce ,now major DDC momentum + with AC as agent to drive exposure & demand in Canada & to reach beyond Canadian borders - the IDP agreement marks the beginning of DDC operations with much more diversity & potential -been picking positions since July & as of today & the last couple weeks; really got my interest now! Good luck!
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