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News, events about Drone Delivery Canada CSE:FLT

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1 year 3 months ago #117870 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
Some more good news yesterday, this verticle could end up more than just deliveries

Drone Delivery Canada Corp. has entered into a sponsored research and collaboration agreement with the University of Toronto and Defence Research and Development Canada (DRDC) through the Natural Sciences and Engineering Research Council of Canada (NSERC) Collaborative Research and Development granting program to jointly develop a vision-based navigation solution for UAVs (unmanned aerial vehicles or drones) to safely navigate without the reliance of GPS (global positioning system) technology.

For Drone Delivery, the partnership will provide the company leading technology on the forefront of drone autopilot beyond visual line-of-sight (BVLOS) technology to safely navigate without the reliance of GPS technology, moving the company another significant step closer to commercialization. In this partnership, Drone Delivery will benefit from the intellectual property developed and will integrate into its proprietary FLYTE autopilot system.

"We are working on this next-generation BVLOS (beyond visual line of sight) drone technology with some of Canada's smartest minds," commented Paul Di Benedetto, chief technology officer of Drone Delivery Canada. "This collaboration will greatly accelerate our development of vision-based navigation technology for our FLYTE software management and autopilot systems required for commercialization," added Mr. Di Benedetto.

The development initiative will be co-led by Prof. Angela Schoellig and Prof. Tim Barfoot of the University of Toronto's Institute of Aerospace Studies (UTIAS). Prof. Schoellig heads up the dynamic systems lab at UTIAS. She is also an associate director of the newly founded Center for Aerial Robotics Research and Education (CARRE) at the University of Toronto. With her team, she conducts research at the interface of robotics, controls and machine learning. Prof. Schoellig has been working with aerial vehicles for the past eight years and, more recently, has applied her motion planning, control and learning algorithms to self-driving vehicles. Prof. Barfoot, who holds a Canada Research Chair (Tier II) in autonomous space robotics, is an expert in vision-based navigation and is the principal investigator of the autonomous space robotics lab (ASRL) at UTIAS.

Defence Research and Development Canada (DRDC) is co-funding this project alongside Drone Delivery. DRDC is the national leader in defence and security science and technology and is the agency of Canada's Department of National Defence (DND), DRDC provides DND, the Canadian Armed Forces and other government departments as well as the public safety and national security communities, the knowledge and technological advantage needed to defend and protect Canada's interests at home and abroad.

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1 year 3 months ago #117855 by Gambler
Gambler replied the topic: News, events about Drone Delivery Canada CSE:FLT
Ok crazy drone pilots, be prepared to anti up $3.000

Under the new restrictions, which are effective immediately, recreational drone pilots are prohibited from flying their UAVs higher than 90 metres, within 75 metres of buildings, animals or people, or within nine kilometres of an airport. Night flights are also prohibited under the new restriction, which promises a fine of up to $3,000.

Recreational users are also required to include their name, address and phone number with their drones.

"The majority of these recreational users are new and inexperienced," Garneau said at a news conference in Toronto, at Billy Bishop Airport. "I'm sure they want to do the right thing, but they may not understand the potential safety risks of operating a drone."
Garneau says he is imposing the new measures under the Aeronautical Act, which allows him to take action "when there is a significant risk to aviation."

Transport Canada says there were 148 reported incidents involving drones in 2016. That's up from 85 incidents in 2015, and 41 incidents in 2014.

www.ctvnews.ca/politics/new-rules-for-fl...-in-canada-1.3327477

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1 year 3 months ago #117853 by alexgreat
alexgreat replied the topic: News, events about Drone Delivery Canada CSE:FLT
Good news this morning

Drone Delivery Canada Corp (C:FLT)
Shares Issued 89,291,299
Last Close 3/15/2017 $0.53
Thursday March 16 2017 - News Release

Mr. Tony Benedetto reports

DRONE DELIVERY CANADA APPOINTS PONTIAC GROUP AS ITS INDIGENOUS ADVISORS

Drone Delivery Canada Corp. has entered an agreement with the Pontiac Group, an aboriginal socio-economic development organization, to accelerate the company's Northern Canadian indigenous communities commercialization program focused for a nationwide rollout of the company's drone logistic solution, beginning first in Northern Ontario.

"With more than 1.4 million people in Canada identifying themselves as an indigenous person, this is a very large market for us where both the demand and benefits from employing drone delivery solutions in these remote communities is very significant," commented Tony Benedetto, chief executive officer of Drone Delivery Canada. "Pontiac Group's management team has demonstrated to us that they have the business and community acumen to deliver what we need to succeed in this large vertical."

With today's announcement, the Pontiac Group acting as DDC's national indigenous relations advisers will be engaged to accelerate the development of an indigenous drone delivery pilot project in Canada, the first ever of its kind that will begin in Northern Ontario within an area of 43 remote communities. Currently it is estimated that over 33 of these communities exist that are only accessible by ice road, boat, helicopter and all-terrain vehicles. There are over 600 of these first nation communities across Canada.

The pilot program, which will encompass the design, development and implementation of a drone logistics platform, will be the first of many. As and when successful, the company looks to roll out its drone solution nationwide to indigenous communities throughout Canada, in addition to corporate clients and government organizations which the company has agreements with or is actively pursuing. The pilot program is focused on connecting indigenous communities in remote Canada to foster economic sustainability and provide greater accessibility to these communities where ever possible.

"The ability of drone technology to assist remote communities in accessing commodities -- particularly medical supplies, monitoring natural systems, and conducting search and rescue missions will be revolutionary," commented Jacob Taylor, managing partner of Pontiac Group.

The Pontiac Group will market the company in first nation segments primarily to chief and council by way of duly convened meeting and facilitate introduction to Indigenous Northern Affairs Canada

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1 year 4 months ago #117848 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
Hoss, but how can we value this, nothing like it and no doubt they are the leader here.

If you google drones and delivery in Canada or anything like this, all that comes up is FLT, as far as a public company goes.

For instance engadget thinks Canada and Drone Delivery well in the forefront in the world
www.engadget.com/2017/01/15/canada-deliv...drone-test-approval/

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1 year 4 months ago #117846 by Hoss
Hoss replied the topic: News, events about Drone Delivery Canada CSE:FLT
I like it but on a technical basis we need to see a breakout. This is getting pricey too with 120 million shares out the market cap is $60M

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1 year 4 months ago #117844 by Gambler
Gambler replied the topic: News, events about Drone Delivery Canada CSE:FLT
Yup, FLT another great card in my hand, am up nicely on it now. Word must have got out on this financing with over flow buying in market. The stock is up since the financing closed.

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1 year 4 months ago #117843 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Been quiet here, everyone maybe at PDAC.

The stock is at 50 at lunch today, looks like it is going to challenge the 52 week high today or very soon

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1 year 4 months ago #117778 by DearJohn
DearJohn replied the topic: News, events about Drone Delivery Canada CSE:FLT
Seems there was lots of interest in this financing and the company is well cashed up.

Tuesday February 28 2017 - News Release

Mr. Richard Buzbuzian reports

DRONE DELIVERY CANADA ANNOUNCES CLOSING OF PRIVATE PLACEMENT OFFERING FOR GROSS PROCEEDS OF $10,900,400

Further to its news releases dated Feb. 6 and Feb. 23, 2017, Drone Delivery Canada Corp. has completed its previously announced private placement offering of special warrants, issuing an aggregate of 31,144,000 special warrants at a price of 35 cents per special warrant for aggregate gross proceeds of $10,900,400, which includes the exercise by GMP Securities LP, as sole lead agent, of its option for an additional 1,144,000 special warrants.

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1 year 4 months ago #117736 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
UPS just tested a delivery drone on a farm outside of Tampa, Florida, with the UAV returning to the roof of the truck. The big feat? The vehicle already moved 2,000 feet down the road. "Drones won't replace our uniformed service providers," said UPS's Mark Wallace. "That's key, but in this case, it really is there to assist." The company also announced it would roll out Saturday ground delivery starting in April.

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1 year 5 months ago #117659 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
This would give them some serious money
2017-02-06 09:16 ET - News Release


Mr. Richard Buzbuzian reports

DRONE DELIVERY CANADA ANNOUNCES $7 MILLION SPECIAL WARRANT FINANCING

Drone Delivery Canada Corp. has entered into an engagement letter with GMP Securities LP for an offering on a fully marketed, best effort, private placement basis of special warrants of the company at a price per special warrant of 35 cents for aggregate gross proceeds of approximately $7-million. The company has also granted the agent an option to purchase up to an additional 15 per cent of the base offering of special warrants, which option is exercisable by giving notice to the company not less than 48 hours prior to the closing of the offering. Closing of the offering is expected to occur on Feb. 28, 2017, or such other date as the agent and the company may agree.

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1 year 5 months ago #117634 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
Drone Delivery arranges $7M special warrant financing

Drone Delivery Canada Corp (C:FLT)
Shares Issued 89,291,299
Last Close 2/3/2017 $0.39
Monday February 6 2017 - News Release

Mr. Richard Buzbuzian reports

DRONE DELIVERY CANADA ANNOUNCES $7 MILLION SPECIAL WARRANT FINANCING

Drone Delivery Canada Corp. has entered into an engagement letter with GMP Securities LP for an offering on a fully marketed, best effort, private placement basis of special warrants of the company at a price per special warrant of 35 cents for aggregate gross proceeds of approximately $7-million. The company has also granted the agent an option to purchase up to an additional 15 per cent of the base offering of special warrants, which option is exercisable by giving notice to the company not less than 48 hours prior to the closing of the offering. Closing of the offering is expected to occur on Feb. 28, 2017, or such other date as the agent and the company may agree.

Each special warrant will entitle the holder thereof to receive and without payment of additional consideration, one unit of the company consisting of one common share and one-half of one common share purchase warrant. Each whole Warrant, subject to customary adjustments, shall be exercisable into one (1) Common Share (a "Warrant Share") at an exercise price of $0.45 per Warrant Share for a period of two (2) years from the date of issue. If the volume weighted average price of the Common Shares on the CSE is equal to or greater than $1.00 for a period of 10 consecutive trading days then the Company may anytime thereafter accelerate the expiry date of the Warrants to the date that is 30 days following the date on which the Company issues notice to all the Warrant holders of the new expiry date. The Company will also issue a press release on the same date as it issues notice confirming the new expiry date of the Warrants.

The Company has agreed to use its best efforts to obtain a receipt for a final short form prospectus qualifying the distribution of the Units upon exercise of the Special Warrants (the "Qualification Condition") on or before the date that is 90 days following closing of the Offering (the "Qualification Deadline"). If the Prospectus Qualification does not occur before the Qualification Condition, each holder shall be entitled to receive, without payment of additional consideration, 1.05 Units per Special Warrant. Unless the Qualification Condition occurs, securities issued in connection with the Offering will be subject to a 4-month hold period from the date of issue.

The closing of the Offering is subject to the completion of formal documentation, including but not limited to, the execution of an agency agreement with the Agent in connection with the Offering and receipt of regulatory approvals, including approval of the CSE. All securities issued pursuant to the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering.

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1 year 5 months ago #117466 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Looked at that video of Foremost, certainly looks like nothing is there, but I suppose that is the whole purpose of it. FLT should do a video of one of their test flights

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