Program Expected To Be Operational Later This Month

Drone Delivery Canada has announced that implementation of the DSV Air & Sea Inc. Canada (“DSV”) project is well underway and is expected to be operational this month.

On October 23, 2019 DDC announced that it had entered into a commercial agreement with DSV (the “Agreement”), through its sales agent Air Canada), to provide its drone delivery platform for the use of DSV commencing at DSV’s head office in Milton Ontario. Infrastructure equipment (including DroneSpot depots, Battery Management Systems, and Sparrow drones) is currently being installed and numerous successful test flights have already been conducted. The Company expects to begin full operational and revenue-generating flights pursuant to the terms of the Agreement in March 2020. After the initial on-premises route is operational, the Company expects multiple subsequent inbound/outbound routes for DSV’s customers with time-sensitive cargo.

“This will be a major milestone for the Company – our first operational, commercialized customer and first revenue. DSV is a global leader in the logistics industry and a perfect fit as a long-term, scalable customer for us,” said Michael Zahra, president & CEO of DDC. “DDC continues to lead the drone logistics industry and we have a very strong funnel of global opportunities and expect to see continued customer announcements in 2020 for deployment & revenue generation this year.”

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

(Source: Drone Delivery Canada news release. Image from file)

FMI: www.dronedeliverycanada.com