TORONTO, Oct. 29, 2019 /CNW/ - Drone Delivery Canada Corp.
(TSXV: FLT, OTC: TAKOF) (the "Company" or "DDC") is
pleased to announce that with the assistance of its sales agent Air
Canada (TSX: AC), DDC has entered into a commercial agreement
dated October 28, 2019 (the
"Agreement") with the Edmonton Regional Airports Authority
("ERAA"), operating Edmonton International Airport ("EIA")
and Villeneuve Airport, for the purpose of establishing the
world's first airport drone delivery hub, at Edmonton International Airport using DDC's
proprietary drone delivery platform.
DDC and ERAA will build out flight routes from EIA using DDC's
DroneSpot takeoff and landing zones utilizing DDC's drone flight
infrastructure. Leveraging ERAA's expertise in airport operations,
DDC and ERAA will implement, promote and market DDC's drone
delivery services in this controlled airspace to a multitude of new
and existing customers. All operations will be conducted in
accordance with the Canadian Aviation Regulations and Transport
Canada flight authorizations and shall be subject to DDC obtaining
all required regulatory approvals.
"With ERAA, we will develop a drone logistics network centered
at this world-class airport as a hub for numerous drone routes for
our customers. We will continue to work with ERAA and Transport
Canada to define particular routes, and with ERAA and Air Canada to
negotiate revenue metrics and other commercial terms, to be
announced in future press releases. Given the potential size and
scope of this disruptive offering, revenue outlook could be
significant while concurrently bringing tremendous logistical
benefits to the region", said Michael
Zahra, President & CEO of DDC. "To all our
stakeholders, I am pleased to report that we will be working
closely with EIA to further our current expertise in operating at a
major airport in controlled airspace to monetize similar
opportunities globally."
The initial term of the agreement is five years with additional
successive one-year terms to follow unless the Agreement is
formally terminated.
"EIA is proud to partner with industry leader DDC to establish
Canada's first airport drone
delivery site and drastically modernize cargo logistics and supply
chain solutions. Together with our long-standing partnership with
Air Canada, we look forward to expanding DDC's network of customers
at EIA's Airport City, the Edmonton Metropolitan Region, and other
strategic partners. DDC's DroneSpot at EIA elevates intermodal
connectivity to support the growing E-Commerce, Pharmaceuticals,
Courier and Oil & Gas sectors. Thanks to our partners like NAV
Canada and Transport Canada, our airport is leading in embracing
innovation," said Myron Keehn, EIA
VP of Air Service and Commercial Development.
About Edmonton International
Airport
Edmonton
International Airport is a self-funded, not-for-profit corporation
whose mandate is to drive economic prosperity for the Edmonton
Metropolitan Region. EIA is Canada's fifth-busiest airport by passenger
traffic and the largest major Canadian airport by land area. EIA
offers non-stop connections to destinations across Canada, the US, Mexico, the Caribbean and Europe. EIA is a major economic driver, with
an economic output of over $3.2 billion, supporting over
26,000 jobs. EIA's Airport City propels new jobs, tourism and
economic diversification – and creates a destination in and around
EIA, featuring entertainment, e-commerce, retail, hospitality,
cargo/logistics, bio-pharma, light manufacturing and many other
industries. EIA is focused on digital strategy to ensure it becomes
the airport of the future. For more information, please visit:
flyeia.com, follow @flyeia on Twitter, Instagram, Linkedin or
Facebook.
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 A2AMGZ.
For more information, please
visit: www.DroneDeliveryCanada.com
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.
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SOURCE Drone Delivery Canada