TORONTO, Dec. 5, 2018 /CNW/ - Drone Delivery Canada 'DDC or
the Company' (TSX.V:FLT OTC:TAKOF), is pleased to announce that it has executed a commercial agreement with the Moose Cree
First Nation to deploy DDC's drone delivery technology platform with the Moose Cree First Nation communities.
The Company is currently permitted to commercially operate its drone delivery platform within the Moosonee and Moose Factory communities with its Compliant Special Flight
Operations Certificate (SFOC) which permits DDC to conduct drone operations in all Canadian provinces and territories. DDC, with
its Compliant SFOC in hand, will deploy its drone delivery platform to service the communities of Moose
Factory and Moosonee, two northern towns located in Ontario approximately 19 kilometres south of James Bay.
Utilizing DDC's compliant Sparrow aircraft, capable of a 5 kg payload, goods to be commercially transported between the
communities will include, letters, general parcels, medical supplies, and other general necessities.
Financial terms of the agreement are $2.5 Million of revenue for year one with the potential to
expand services in following years. As previously anticipated, it is expected that revenues will begin to be received late in Q2,
2019 once Federal funding is received by the Moose Cree First Nations.
"We are on track with the roll out of our commercial operations in Q2 of 2019", commented Tony Di
Benedetto, CEO of Drone Delivery Canada. "This agreement is representative of the large 'Remote Communities' market
that we see penetrating over the next 3 to 5 years. The Remote Communities market is only one segment of the overall total
addressable market in Canada. In addition to Canada, DDC is
working with other customers around the globe to licence our FLYTE software and drone delivery technology."
In Canada, there are approximately one thousand remote communities, and, almost all face
similar infrastructure and logistics challenges that contribute to a high cost of living. DDC looks to provide a cost effective
and highly efficient logistic solution to these communities to improve lives and to create jobs in Canada's north all while reducing costs.
"We have worked closely with DDC for nearly two years and see the many benefits of DDC's Drone Delivery Technology to our
community as well as many others like us. Where infrastructure is weak, or at times non-existent or accessible, DDC's drone
delivery platfrom is a valuable solution to connect remote communities and provide fast and efficient deliveries that were once
not possible," commented Stan Kapashesit, Director of Economic Development Moose Cree First
Nation.
The Company is currently focused on strengthening its management team amongst all levels with a focus on enlisting the
smartest minds to assist in driving commercial operations.
For more information, please visit www.dronedeliverycanada.com
About Drone Delivery Canada
Drone Delivery Canada 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 Software as a Service (SaaS) for government and
corporate organizations.
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 under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content:http://www.prnewswire.com/news-releases/drone-delivery-canada-signs-2-5-million-commercial-agreement-with-moose-cree-first-nation-to-deploy-ddcs-drone-delivery-platform-300760877.html
SOURCE Drone Delivery Canada
View original content: http://www.newswire.ca/en/releases/archive/December2018/05/c5291.html