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News, events about Drone Delivery Canada CSE:FLT

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1 month 2 weeks ago #120659 by Gambler
Gambler replied the topic: News, events about Drone Delivery Canada CSE:FLT
Agree it is excellent news, surprised the stock did not react more. Pretty awesome when you team up with one of the worlds major auto companies among other things.

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1 month 2 weeks ago #120656 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Great news today, huge vote of confidence to have Toyota on board

2018-05-28 16:23 ET - News Release


Mr. Tony Di Benedetto reports

DRONE DELIVERY CANADA AND TOYOTA TSUSHO CANADA INC. ANNOUNCE COMMERCIALIZATION INITIATIVES FOR INTERNATIONAL MARKETS

Drone Delivery Canada Corp. and Toyota Tsusho Canada Inc. (TTCI) have signed an agreement to collaborate on a drone delivery logistics platform.

"This agreement with TTCI is expected to open international markets for us as a company," commented Tony Di Benedetto, chief executive officer of Drone Delivery Canada. "Working alongside a global industrial leader such as Toyota Tsusho also provides us quick access to a very extensive international global network and a breadth of commercial skills."

"We are confident drone delivery services are the way of the future. This agreement with DDC will enable us to participate in this cutting-edge technology," commented Hidetoshi Tada, president of TTCI.

Under the agreement, TTCI will participate in Drone Delivery Canada's commercial pilot program in Canada as an initial stage. Collectively, the two groups will look to commence flight testing and identify other international markets to deploy Drone Delivery's proprietary drone delivery platform as a transportation solution.

TTCI is a wholly owned subsidiary of Toyota Tsusho America Inc. The ultimate parent company of TTCI is Toyota Tsusho Corp., the trading affiliate of the Toyota group of companies.

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2 months 3 weeks ago #120487 by Gambler
Gambler replied the topic: News, events about Drone Delivery Canada CSE:FLT
Wednesday April 18 2018 - In the News

The Globe and Mail reports in its Wednesday, April 18, edition that investing in disruptive technology stocks can be enticing because of their huge profit potential, but it is not easy to pick winners. The Globe's Shirley Won writes that Redwood Asset Management manager Greg Taylor recommends buying Drone Delivery Canada ($1.47). It has a 52-week trading range of 88 cents to $2.26. Drone Delivery's pilot project to fly supplies between the Northern Ontario communities of Moosonee and Moose Factory is an important step toward developing a commercial delivery service using unmanned aerial vehicles, says Mr. Taylor. The Toronto-based company recently obtained federal approval to fly its drones without having to be in the line of sight of a ground-based operator. The drone technology is disruptive to traditional shipping methods, including helicopters and couriers, and could open new markets in northern communities that have "super high cost of goods," Mr. Taylor notes. The company does not have direct rivals, but "Amazon will probably be a longer-term competitor," says Mr. Taylor. He says Drone Delivery will have revenue this year but will not be profitable yet. Mr. Taylor says, "You are buying into the future."

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3 months 3 weeks ago #120368 by RonS
RonS replied the topic: News, events about Drone Delivery Canada CSE:FLT
I seen a skeleton of the Condor when I visited them, quite different and I am sure they will make it fly. I think I have a pic, will see if I can find it

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3 months 3 weeks ago #120364 by Gambler
Gambler replied the topic: News, events about Drone Delivery Canada CSE:FLT
GB, this is awesome. How much do you weigh, maybe the two of us can take it for
test flight

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3 months 3 weeks ago #120362 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
NEXT GENERATION HEAVY LIFTING DRONE

TORONTO, March 21, 2018 /CNW/ - Drone Delivery Canada 'DDC or the Company' (TSX.V:FLT OTC:TAKOF), is pleased to announce that it has commenced development of its newest cargo delivery drone, 'The Condor' with a lifting capability estimated at 400 pounds of payload.

"Our engineering team is focused on building out our fleet to provide drones capable of addressing a wide range of client requirements in different geographies. The Condor will be our first delivery drone that offers our customers a platform for greater capacities of bulk shipments" commented Tony Di Benedetto, CEO. "We continue to push the envelope advancing our fleets capabilities to meet and exceed client requirements in Northern Canada and elsewhere around the world."

The Condor cargo delivery drone is being engineered to provide payload capacities of up to 400lbs and designed to fly approximately 150km. The Condor boasts a considerably larger payload compartment compared to both the Raven and Sparrow. The Sparrow obtained its Declaration of Compliance accepted by Transport Canada in December 2017. The Condor looks to accept pallet size payload shipments, ideal for transporting bulk cargo, both in Canada and abroad.

Most importantly, The Condor will be fully integrated with the proprietary DDC FLYTE™ management system which has been extensively tested in the Canadian geography and just recently also in the United States of America at the Griffiss International Airport in Rome, New York.

DDC looks to commence testing the Condor at its testing facilities in late 2018 with multiple customers, both new and existing.

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3 months 3 weeks ago #120356 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
Excellent video, shows good detail on how it works

The following user(s) said Thank You: GoldnBoy

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3 months 3 weeks ago #120355 by alexgreat
alexgreat replied the topic: News, events about Drone Delivery Canada CSE:FLT
Seen it in Ron's update today, great news

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3 months 3 weeks ago #120353 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Been quite here, good news on Friday,

Mr. Paul Di Benedetto reports

DRONE DELIVERY CANADA COMPLETES FIRST EVER TEST FLIGHTS IN THE UNITED STATES OF AMERICA

Drone Delivery Canada Corp. completed a series of successful test flights during the week of March 5, 2018, in the United States at the Griffiss International Airport located in Rome, N.Y.

"Testing at Griffiss was a natural extension for continued progress with our platform in a BVLOS [beyond visual line of sight] non-segregated airspace environment. An active runway with large aircraft, helicopters and general aviation aircraft is the latest advancement to our operations team airspace integration efforts and a progression from the knowledge learned during Drone Delivery Canada's Moosonee operations, which remain ongoing. We are pleased to report 100-per-cent success rate with all our test fights and look forward to our expansion into the United States, which has now begun in earnest," commented Paul Di Benedetto, chief technology officer of Drone Delivery Canada.

The Griffiss International Airport, located approximately 500 kilometres from the company's Canadian facilities, is one of seven Federal Aviation Administration-designated UAS (unmanned aircraft system) test sites that provides BVLOS research and development capabilities and long-distance testing corridors within active airspace.

"I am pleased that Drone Delivery Canada's testing at Griffiss International Airport was a success and that the company chose our test site for its first-ever operation in the United States," said Oneida County Executive Anthony J. Picente Jr. "This partnership is further evidence of how Oneida County is leading the way in the advancement and development of the UAS industry."

Tests were conducted utilizing the company's Transport Canada-compliant Sparrow drone, which has a lifting capacity of five kilograms. Testing also included Drone Delivery Canada's mission control operations, the company's proprietary FLYTE management system as well as Drone Delivery Canada's proprietary DroneSpot technology, which provides secure and controlled takeoff and landing area for users to interact with. The real-time data provided by the DroneSpot include localized weather, surrounding aircraft awareness, weight and balance monitoring, among other data points integral for safe public operations.

"Testing at Griffiss was a significant milestone for Drone Delivery Canada and the beginning of our U.S. expansion program. In addition to our continued advancements in Canada, we look forward to continued success in the United States and are pleased to report the team has been working very hard working alongside key stakeholders, including the federal regulator. We would like to thank all stakeholders, including the Federal Aviation Administration (FAA) and a special thanks to the Griffiss International Airport, the Oneida Country Department of Aviation and the NUAIR Alliance for assisting us with our international development efforts," commented Mark Wuennenberg, vice-president, regulatory affairs, of Drone Delivery Canada.

As Drone Delivery Canada continues to test and operate in multiple, complex and diverse environments, the company's drone delivery solution continues to strengthen as it better integrates with existing air operators and complies with airspace policies and procedures, all while putting public safety at the forefront as the company rapidly approaches commercialization.

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5 months 21 hours ago #119919 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT

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5 months 1 day ago #119911 by alexgreat
alexgreat replied the topic: News, events about Drone Delivery Canada CSE:FLT
I am with Macquarie but I think they are still too low. Ron get more interest here, just noticed currently 103 users on here

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5 months 3 days ago #119897 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Just out from Macquarie
view.remail.macquarie.com/?qs=01a97ba6e5...dd11dd520d8fdb4d6713

Macquarie - Equities Research
Drone Delivery Canada - FLT CN

Canada


Outperform
Innovation Takes Flight – Raise TP to $3

Event

We are raising our TP to $3.00 from $2.50 on increased revenue certainty post FLT receiving the Compliant UAV Operator Special Flight Operations Certificate (SFOC) from Transport Canada that effectively allows it to become the first authorized drone delivery operator in the country.

We consider achieving the SFOC milestone to be significant for several reasons: First, it fully de-risks the binary nature of the stock as the company has successfully overcome a key regulatory hurdle; Second, it paves the pat h for FLT to achieve BVLOS commercialization later this year contingent upon flight path approval; Third, we consider this to be an endorsement by Transport Canada on FLT’s proven business model, safe track record and management quality. We think this approval will facilitate future regulatory process involving larger drones that are critical to FLT’s economics; Finally, this milestone illustrates Canada’s willingness to leverage new technology that will position the country at the forefront of drone service adoption and innovations.

Maintain OP-rating. We consider FLT the best drone pure-play globally that is well positioned for the growing drone utilization across North America (link to thematic) and in Canada ( link to initiation).

Impact

Raising estimate on increased revenue certainty. We are raising our monthly revenue per site assumption to $20k/month from $15k/month in 2019E and scaling to $32k/month by 2028E as we expect FLT to achieve higher volume and/or payload as it expands nationwide. Our 2028E terminal year revenue estimate of $722m implies 6% of Canada’s air freight market (vs. 5% prior), which we think is reasonable given FLT’s first-mover and cabotage advantage. ( LINK)

Catalysts on the horizon: Flight path approval and bigger drones. Following the SFOC status, FLT will work with Transport Canada on establishing authorized flight path in northern Canada. We expect 5-10 path to be approved in the first batch with the Moose Factory/Moosonee region being one of them. We also expect additional regulatory approval on heavier drones given their importance on justifying the economics of the business model.

Earnings and target price revision

Raise TP to $3.

Price catalyst

12-month price target: C$3.00 based on a DCF methodology.

Catalyst: Flight path approval, new customers, heavy drones, positive test results

Action and recommendation

Fundamental to our thesis is the prospect that FLT can achieve sufficient scale via drones with larger payload. In the event that regulatory approvals face delays or unobtainable, the stock would have questionable value in our view.

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