News, events about Drone Delivery Canada CSE:FLT

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11 months 3 days 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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1 year 1 week ago #119919 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT

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1 year 1 week 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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1 year 1 week 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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1 year 1 week ago #119896 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Nice video, stock has already traded 2.4 million shares and hit a high of 2.26

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1 year 1 week ago #119893 by WealthyPlumber
WealthyPlumber replied the topic: News, events about Drone Delivery Canada CSE:FLT
Drone Delivery an olympics winner, you guys see this

The setting? PyeongChang, South Korea in freezing cold temperatures. The goal? Fly over 1200 Intel Shooting Star drones for a record-breaking performance. Follow the drone team’s journey to the Opening Ceremony

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1 year 1 week ago #119891 by alexgreat
alexgreat replied the topic: News, events about Drone Delivery Canada CSE:FLT
Wow!!! awesome news. I am loaded up on this flyer, lets see these drones take us to the Moon on Monday. long and strong

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1 year 1 week ago #119890 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
Gambler, thanks for posting, I had markets on ignore for the weekend, been like a yo yo. Anyway huge news, I am going to add to my position Monday

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1 year 1 week ago #119889 by Gambler
Gambler replied the topic: News, events about Drone Delivery Canada CSE:FLT
Big news with FLT after market.

TORONTO, Feb. 9, 2018 /PRNewswire/ - Drone Delivery Canada 'DDC or the Company' (TSX.V:FLT OTC:TAKOF), is pleased to announce that Transport Canada has granted the Company a Compliant UAV Operator Special Flight Operations Certificate (SFOC).

A Compliant 'UAS' (Unmanned Aircraft System) was the first of three regulatory components to the Transport Canada Compliant UAS Operator program, and mandatory for a Compliant UAS Operator SFOC, which the Company obtained and announced in December 2017.

Today, receiving this additional approval represents the balance of the remaining two steps of a methodical process to prove the Company's operational safety practices and our professionalism to Transport Canada. This milestone, achieving a Compliant Operator SFOC, is both essential and necessary for any UAV operator wanting to conduct Beyond Visual Line-of-Sight operations; and for our specific purpose of drone delivery services.

"The Company has been working around the clock to achieve compliant status and is both grateful and appreciative of being recognized as a professional and safe operator of unmanned aircraft (UAS) by Transport Canada. Realizing this milestone enables DDC to continue moving towards becoming a leader in drone delivery services for Canadians by Canadians across our vast geography", commented Mark Wuennenberg, Vice-President of Regulatory Affairs Drone Delivery Canada.

Approval of this certificate is the starting point for the commercialization of drone delivery services in Canada. To this end, DDC intends to work with Transport Canada to trial beyond visual range delivery solutions in remote areas of Canada's north.

Drone Delivery Canada appreciates the efforts of Transport Canada in creating a favorable environment to grow innovative technology.

For more information, please visit; www.dronedeliverycanada.com

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1 year 3 weeks ago #119853 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Some nice consolidation around this range and might do so a while longer until next news and then see a move higher. my best guess

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1 year 3 weeks ago #119845 by Gambler
Gambler replied the topic: News, events about Drone Delivery Canada CSE:FLT
GB, another new high this week $2.25, looks like the correction has run its course

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1 year 1 month ago #119797 by Hoss
Hoss replied the topic: News, events about Drone Delivery Canada CSE:FLT
Now we are talking, this will deliver me a case of beer to the cottage this summer

TORONTO, Jan. 18, 2018 /CNW/ - Drone Delivery Canada 'DDC or the Company' (TSX.V:FLT OTC:TAKOF), is pleased to announce that it will start testing its Raven X1400 cargo delivery drone in Q1 of 2018.

The Raven X1400 delivery drone is engineered to provide pay load capacities of up to 25lbs and designed to fly approximately 60km. The Raven X1400 boasts a larger payload compared to DDC's Sparrow X1000 Drone which had its Declaration of Compliance accepted by Transport Canada in December 2017. The addition of the Raven X1400 Delivery Drone is designed to meet the challenging weather conditions of Northern Canada and provide larger payloads should the demand for such be present.

To date, DDC has identified approximately 1000 Northern remote communities in Canada where both the Raven X1400 and Sparrow X1000 delivery payloads would both meet and exceed community requirements in terms of deliver payloads and travel distances.

"We continue to develop our platform to expand our capabilities to meet and exceed client requirements," commented Tony Di Benedetto, CEO. "While doing so, we now simply just look to integrate our FLYTE Management System into a newer airframe design to expand the fleet."

The Raven X1400 is fully integrated with the proprietary DDC FLYTE management system. The Raven X1400, unlike the Sparrow X1000, will provide a unique and highly sought after dual payload configuration for both static and tethered deployment. Tethered deployment is a new technology which DDC has been developing over the past twenty-four months which the Company considers revolutionary and quite possibly the future for delivery in urban settings as it is not Drone Spot specific but rather never lands and deploys its payload by tether while hovering above at a height of approximately 100 feet.

DDC will commence testing of the Raven at its in-house testing laboratory evaluating its endurance and reliability and will commence outdoor flights once it has passed its testing procedure and SFOC approvals from Transport Canada.

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