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Drone Delivery Canada update on DSV project
Drone Delivery Canada update on DSV project Canada NewsWire TORONTO, May 11, 202...
About this update from Volatus Aerospace Inc.
[{"type":"text","content":"\n\n\n\nDrone Delivery Canada update on DSV project\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 11, 2020\n\n\n\n\n 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. \n\n \n 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.  \nAfter 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. \nThe 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. \nCustomers pay DDC a monthly fee for each drone route deployed, pursuant to the terms of their respective agreements.\nAbout Drone Delivery Canada Corp.\nDrone Delivery Canada Corp. is a drone technology company focused on the design, development and implementation of its proprietary logistics software platform, using drones. The Company's platform will be used as a Software as a Service (SaaS) model for government and corporate organizations globally.\nDrone Delivery Canada Corp. is a publicly listed company trading on the TSX.V Exchange under the symbol FLT, on the U.S. OTC Q B market with Nasdaq International Designation under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ o...