Business
DRONE DELIVERY CANADA CORP. AWARDED FIRST CONTRACT FOR ITS HEAVY-LIFT CONDOR DRONE FROM THE GOVERNMENT OF CANADA
DRONE DELIVERY CANADA CORP. AWARDED FIRST CONTRACT FOR ITS HEAVY-LIFT CONDOR DRONE FROM THE GOVER...
About this update from Volatus Aerospace Inc.
[{"type":"text","content":"\n \n \n \n DRONE DELIVERY CANADA CORP. AWARDED FIRST CONTRACT FOR ITS HEAVY-LIFT CONDOR DRONE FROM THE GOVERNMENT OF CANADA\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 23, 2023\n \n \n /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT) (OTC QX: TAKOF) (\n \n Frankfurt\n \n : A3DP5Y or ABBA.F) (the \"Company\" or \"DDC\") is pleased to announce that, with the assistance of its sales agent Air Canada (TSX: AC), it has signed a contract (the \"Contract\") with the Canadian Government to work with Transport Canada in operating and evaluating DDC's proprietary drone delivery platform using DDC's heavy-lift Condor remote piloted aircraft, the largest drone currently being developed by DDC. The Contract, with a value up to approximately\n \n $1.2 million\n \n is with the Canadian government's Innovative Solutions Canada program. Under the terms of the Contract, DDC will provide Transport Canada with a Condor drone, and collaborate with Transport Canada in operating, testing and evaluating the capabilities of the Condor drone solution until\n \n December 2023\n \n . The contract consists of 3 phases:\n \n \n \n \n \n \n \n \n \n (1)  Short range flights\n \n (2)  Long range endurance flights\n \n (3)  Extreme environmental testing\n \n \n The multi-package payload compartment of the Condor is designed to carry approximately 20 cubic feet of cargo. The Condor measures 22 feet long, 5 feet wide and 7 feet tall. It has a rotor diameter of approximately 20 feet and is capable of vertical takeoff and landing. The Condor is equipped with the Company's proprietary FLYTE management system which is the same platform used in all the Company's cargo delivery drones. The turnkey solution is expected to be marketed in a managed service SaaS business model in\n \n Canada\n \n and potentially as a licensed managed service internationally, subject to applicable regulation.\n \n \n Subject to all required regulatory approvals, the increased size and p...