Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones

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1 day 35 minutes ago #125276 by lynnsa10
lynnsa10 replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
TORONTO, July 6, 2020

TORONTO, July 6, 2020 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ or ABB.F) (the "Company" or "DDC") is pleased to announce that on June 26th, 2020 it successfully completed Phase Two of its AED (Automated External Defibrillator) On The Fly project with Peel Region Paramedics and Sunnybrook Centre for Prehospital Medicine. Building on the success of Phase One of the study, the Company was able to demonstrate ease of use of its AED drone solution when provided to community responders in a simulated cardiac arrest scenario. The testing further validates that using DDC's proprietary drone delivery platform with cargo drop functionality to deliver rapid first responder technology via drone may reduce response time to cardiac arrest patients in the field while being utilized by lay responders.

Sparrow Drone Releasing AED (Automated External Defibrillator) (CNW Group/Drone Delivery Canada)

On June 26th, 2019, the Company had announced a 100% successful Phase One of the project. Phase Two utilized the Sparrow, with the new cargo drop capability and a new audio announcement system, to drop an AED where a designated lay bystander would then retrieve the AED and apply it to a simulated cardiac arrest patient in a rural environment. Multiple pairs of lay bystanders and simulated cardiac arrest patients in multiple locations were used to test the AED drone solution. Response time to drop, retrieve and apply an AED, and physiological and psychological human factors in a stressful situation were measured during the testing.

"This partnership between DDC, Peel Regional Paramedic Services and Sunnybrook Centre for Prehospital Medicine is groundbreaking. This innovative program utilizes DDC's proprietary drone logistics platform to deliver rapid first responder technology via DDC's Sparrow drone with the goal to reduce response time and potentially save lives. The Company thanks all participants and funders," commented Michael Zahra, President & CEO of Drone Delivery Canada.

Dr. Sheldon Cheskes, an Associate Professor at the Department of Family and Community Medicine, University of Toronto and the Principal Investigator of the 'AED on the Fly' Pilot Research program commented, "Phase Two of our research was truly a success. Our previous research within our rural community suggested the need to optimize the simplicity of AED use once delivered by a drone to the site of a cardiac arrest. Today we were able to markedly improve the speed of drone descent, the ability to accurately drop a protected AED from a drone at a safe height but most importantly see first-hand the benefits of technology that guides the first responder through the application of an AED after being released by the drone in a simulated cardiac arrest scenario. All these factors strengthen the likelihood that not only may drones decrease time to first AED shock in rural and remote communities but the fear of AED use can be minimized by 'real time' interaction between a first responder and trained personnel demystifying the use of AEDs during cardiac arrest. After today's test flights it will not take long to see drones as part of an organized 911 response to cardiac arrest in rural communities. We are thankful to our grant funders the Cardiac Arrhythmia Network of Canada (CANet) and Zoll Medical Inc. (Chelmsford, Massachusetts) for their support of this project."

Press Release on "AED on the Fly" Phase One:
dronedeliverycanada.com/resources/drone-...l-region-paramedics/

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2 weeks 1 day ago #125228 by Gambler
Gambler replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
I bought more too and good news today

TORONTO, June 22, 2020 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ) (Frankfurt: ABB.F) (the "Company" or "DDC") is pleased to announce that with the assistance of its sales agent Air Canada (TSX: AC), it has entered into a commercial agreement dated June 22, 2020 (the "Agreement") with DSV Air & Sea Inc. Canada ("DSV"), the Canadian arm of the global transport and logistics company DSV Panalpina A/S, to deploy DDC's drone delivery platform, with the intent for DSV to deliver healthcare related cargo from DSV's warehouse in Milton, Ontario to DSV customers locally.

Pursuant to the terms of the Agreement, DDC will deploy its Sparrow cargo drone, with the cargo drop capability previously announced June 10, 2020. The term of the Agreement is three months, full payment will be made upfront by DSV.

At the destination, the Sparrow will hover at a lowered altitude, drop untethered cargo in a designated area shared by multiple DSV transactional customers, then return to DSV's DroneSpot. The route is approximately 3.5km. Flights will be remotely monitored by DDC from its Operations Control Centre located in Vaughan, Ontario. DDC will commence implementation of the solution in Q3 2020 and expects to begin providing drone delivery services under the Agreement in the same quarter, with the potential of more additional routes being added in 2020. All operations will be conducted in accordance with the Canadian Aviation Regulations and Transport Canada flight authorizations.

"We are currently flying hundreds of successful flights per month at DSV for their first route, and we are pleased to announce a second paid route with DSV. DSV is a global leader in the logistics space and a perfect fit as a scalable customer for us," said Michael Zahra, President & CEO of DDC. "DSV will use our proven Sparrow drone with the new cargo drop functionality, patented FLYTE™ system, and commercial operations centre. It's very fulfilling to DDC to provide DSV a solution to help deliver important healthcare related cargo given the current situation."

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3 weeks 37 minutes ago #125179 by GoldnBoy
GoldnBoy replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
I added to my position recently at 75

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3 weeks 44 minutes ago #125178 by RonS
RonS replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
Maybe the stock will get more respect

Wednesday June 17 2020 - In the News

The Globe and Mail reports in its Wednesday, June 17, edition that Echelon Wealth Partners analyst Rob Goff began coverage of Drone Delivery Canada with a "speculative buy" and a $1.80 share target, exceeding the $1.75 consensus. The Globe's David Leeder writes that Mr. Goff says in a note: "We believe the commercial drone delivery industry is set to emerge as a major component in logistics planning with its initial focus on the B2B market for dedicated routes in remote regions and industrial supply chain delivery services. Initial considerations for the B2B phase are expected to be redefined as the sector's ambitions evolve towards B2C deliveries. Our thesis rests on the ability of drones to deliver goods faster, with cost and reach advantages. The stringent regulatory overview that has governed its maturation is likely to represent a key competitive moat enabling first movers such as DDC to establish a profitable, sustainable business model where consumer safety is paramount. With the drone market projected to reach $27-billion by 2030, we forecast DDC revenues/EBITDA surpassing $100-million/$50-million within five years." Drone Delivery shares have a 52-week range of 50 cents to $1.36.

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1 month 3 days ago #125157 by alexgreat
alexgreat replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
2020-06-04 16:25 ET - News Release


Mr. Michael Zahra reports

DRONE DELIVERY CANADA ANNOUNCES COMMERCIAL AGREEMENT WITH GLOBALMEDIC FOR FIRST NATIONS COVID-19 PROJECT

Drone Delivery Canada Corp., with the assistance of Air Canada and the Pontiac Group, has entered into a commercial agreement dated June 4, 2020, with The David McAntony Gibson Foundation, operating as GlobalMedic, to deploy Drone Delivery's patented drone delivery solution to provide service to the Beausoleil First Nation community in Ontario. Funding for the project was received by donors, including from OEC Group (Canada), a leading global logistics provider servicing clients in all major industries including aerospace, healthcare, global retail, automotive and manufacturing.

Pursuant to the terms of the Agreement, DDC will enable a defined two-way delivery flight route from/to BFN mainland to/from the BFN Christian Island utilizing the Sparrow drone and its DroneSpotTM takeoff and landing zones as well as additional drone flight infrastructure as required. All operations will be conducted in accordance with the Canadian Aviation Regulations and Transport Canada flight authorizations. Flights will be remotely monitored by DDC from its new commercial operations centre located in Vaughan, Ontario. DDC will commence deployment of site infrastructure shortly and expects to begin providing drone delivery services under the Agreement in Q3 of 2020.

BFN will use DDC's Sparrow drone solution to limit person-to-person contact on its island ferry service by transporting COVID-19 related cargo such as personal protection equipment (PPE), hygiene kits, test kits, test swabs, etc.

The Agreement provides for the payment of an up-front, fixed-fee for managed services for the project. The term of the Agreement is six months.

"We are pleased to announce GlobalMedic as another paid commercial drone logistics customer. The Beausoleil First Nation community will benefit from our drone delivery solution during the COVID-19 pandemic by limiting person-to-person contact between the mainland and Christian Island, while keeping their supply chain open. Our solution is ideal for this application and we look forward to seeing the benefits for the Community," said Michael Zahra, President & CEO of DDC. "To our knowledge this is the first announced COVID-19 related drone logistics project working with a humanitarian aid agency in Canada. We are grateful to GlobalMedic, OEC Group and other generous donors for their sincere concern for First Nations communities, involvement in this project and embracing our drone technology as a solution."

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1 month 3 weeks ago #125072 by alexgreat
alexgreat replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
400 flights per month is very good

TORONTO, May 11, 2020 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT; OTC: TAKOF; Frankfurt: ABB.F) (the "Company" or "DDC") is pleased to provide an update to the DSV Air & Sea Inc. Canada ("DSV") commercially operational project.

On October 23rd, 2019 DDC announced that it had entered into a commercial agreement with DSV (the "Agreement"), through its sales agent Air Canada (TSX: AC), to provide its drone delivery platform with the first paid route at DSV's head office facility in Milton, Ontario. Per the Company's press release of March 23rd, 2020, revenue-generation & commercial operations are active, pursuant to the terms of the Agreement.

After a brief successful implementation of the solution, the system has been flying approximately 400 flights per month, all within expectations. To date, hundreds of successful flights have been conducted, further proving the Company's commercial operations, advanced technology solution and revenue business model.

The Company expects multiple subsequent inbound/outbound commercial routes for DSV's customers with time-sensitive cargo. Active discussions are underway with numerous prospective companies for subsequent routes.

Customers pay DDC a monthly fee for each drone route deployed, pursuant to the terms of their respective agreements.

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4 months 2 weeks ago #124577 by cricket
cricket replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
Nice article about Drone Delivery in the Wheels section of the Star this weekend:

www.thestar.com/autos/opinion/2020/02/14...formative-times.html

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5 months 1 week ago #124436 by DearJohn
DearJohn replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
Nice video

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6 months 3 weeks ago #124075 by GoldnBoy
GoldnBoy replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
Still hold a good position.

News yesterday, note that it says many remote communities

2019-12-10 09:12 ET - News Release


Mr. Michael Zahra, reports

DRONE DELIVERY CANADA'S MOOSE CREE FIRST NATION PROJECT RECEIVES FIRST CONDITIONAL FUNDING APPROVAL

Drone Delivery Canada Corp.'s (DDC) Moose Cree First Nation's project received the first conditional approval for one of its financing applications on Dec. 3, 2019, which, subject to entering into a definitive agreement and satisfying any conditions imposed by the financer, would enable Moose Cree First Nation's remote communities initiative to pay DDC for its drone delivery service scheduled for implementation in Q1, 2020.

"As 2019 comes to a close, I am pleased to report the first financial approval for one of many remote community opportunities we are pursuing," said Michael Zahra, president and chief executive officer of DDC. "Looking ahead to 2020, DDC will actively seek to close more customers in many different business verticals, both in Canada and abroad."

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6 months 3 weeks ago #124070 by Gambler
Gambler replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
Ron too bad old topic was lost, but FLT is like a new company now going from development to commercial sales. The stock prices also reflects a great entry price. The news on Edmonton was very significant too.

2019-10-29 09:54 ET - News Release


Mr. Michael Zahra reports

DRONE DELIVERY CANADA ANNOUNCES COMMERCIAL AGREEMENT WITH EDMONTON INTERNATIONAL AIRPORT

Drone Delivery Canada Corp., with the assistance of its sales agent Air Canada, has entered into a commercial agreement dated Oct. 28, 2019, 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 EIA using Drone Delivery's proprietary drone delivery platform.

Drone Delivery and ERAA will build out flight routes from EIA using Drone Delivery's DroneSpot takeoff and landing zones utilizing Drone Delivery's drone flight infrastructure. Leveraging ERAA's expertise in airport operations, Drone Delivery and ERAA will implement, promote and market the company'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 Drone Delivery obtaining all required regulatory approvals.

"With ERAA, we will develop a drone logistics network centred 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 and chief executive officer of Drone Delivery. "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 and gas sectors. Thanks to our partners like NAV Canada and Transport Canada, our airport is leading in embracing innovation," said Myron Keehn, EIA vice-president of air service and commercial development.

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6 months 3 weeks ago #124066 by lynnsa10
lynnsa10 replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
This was another significant news item, it reveals how FLT could have a very nice reoccurring revenue stream

2019-10-23 10:21 ET - News Release


Mr. Michael Zahra reports

DRONE DELIVERY CANADA ANNOUNCES COMMERCIAL AGREEMENT WITH DSV CANADA

Drone Delivery Canada Corp., with the assistance of its sales agent Air Canada, has entered into a commercial agreement dated Oct. 22, 2019, with DSV Air & Sea Inc. Canada (DSV), the Canadian arm of the global transport and logistics company DSV Panalpina AS, to deploy the company's drone delivery platform for the use of DSV commencing at its new head office and warehouse in Milton, Ont.

Pursuant to the terms of the agreement, DDC will enable the first of multiple routes and deploy its DroneSpot takeoff and landing zones as well as additional drone flight infrastructure on DSV sites, and deploy its Sparrow cargo drone, with a capacity of up to 10 pounds. The first route will occur on a defined flight route within DSV's site in Milton, Ont. All operations will be conducted in accordance with the Canadian Aviation Regulations and Transport Canada flight authorizations. Flights will be remotely monitored by DDC from its new commercial operations centre located in Vaughan, Ont. DDC will commence deployment of the client site infrastructure this quarter and looks to begin providing drone delivery services under the agreement in Q1 of 2020, with the potential of 20 or more additional routes being added in 2020.

"We are pleased to announce DSV Canada as another paid commercial drone logistics customer. DSV is a global leader in the logistics space and a perfect fit as a scalable customer for us," said Michael Zahra, president and chief executive officer of Drone Delivery Canada. "They will start using our proven Sparrow drone, patented FLYTE system and newly launched commercial operations centre in early 2020. I am pleased to report we have a very strong funnel of global commercial opportunities and we expect to see continued sales announcements in 2019 for deployment in early 2020."

DSV will pay Drone Delivery Canada a monthly fee for each drone route deployed. The initial term of the agreement is 15 months with additional successive one-year terms to follow unless the agreement is formally terminated.

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6 months 3 weeks ago #124065 by lynnsa10
lynnsa10 replied the topic: Drone Delivery Canada TSXV:FLT OTC:TAKOF Software delivery platform for drones
A patent portfolio adds value

2019-07-17 09:21 ET - News Release


Mr. Paul Di Benedetto reports

DRONE DELIVERY CANADA AWARDED ITS FIRST US PATENT FOR ITS PROPRIETARY DRONE DELIVERY TECHNOLOGY

On July 16, 2019, the United States Patent Office granted Drone Delivery Canada Corp. patent No. 10,351,239, which covers Drone Delivery Canada's proprietary Flyte management software system, along with its drone delivery technology and processes.

The patent is directed to aspects of Drone Delivery Canada's proprietary Flyte management, which is a core component of Drone Delivery Canada's drone delivery platform.

Additionally, the patent is also directed to Drone Delivery Canada's "railway in the sky" concept that is intended to simplify routing and control of delivery drones, particularly in crowded urban areas. The system provides a database for a flight route network that includes a number of route sections that can be selected to provide a desired routing.

"This is our first United States Patent Office grant, which provides strong protection for our flight management system and our railway in the sky concept. This patent win again demonstrates our industry lead in this very disruptive industry," commented Paul Di Benedetto, chief technology officer of Drone Delivery Canada. "On behalf of the company, I would like to thank all of our dedicated staff who were integral in this accomplishment."

Drone Delivery Canada is currently seeking patent protection for other aspects of its technology in the United States and other countries.

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