Drone Delivery Canada Announces Multiple Agreements for Project at Edmonton International Airport
TORONTO, July 8, 2021 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2AMGZ or 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 multiple commercial agreements executed by the Company on July 8th, 2021 (the "Agreements") with each of Edmonton International Airport ("EIA"), Apple Express Courier Ltd and Ziing Final Mile Inc ("the Customers") to deploy DDC's patented drone delivery solution at Edmonton International Airport.
Pursuant to the terms of the Agreements, DDC will enable defined-route delivery from EIA to deliveries off airport property utilizing the Sparrow drone and its DroneSpot® takeoff and landing zones as well as additional drone flight infrastructure as required. The Customers will use DDC's Sparrow delivery drone solution to transport a wide variety of cargo.
All operations will be conducted in accordance with appropriate Canadian regulations. Flights will be remotely monitored by DDC from its Operations Control Centre located in Vaughan, Ontario.
DDC will commence deployment of site infrastructure shortly and expects to begin providing drone delivery services under the commercial Agreements in Q3 of 2021. The Agreements provide for the payment from Customers of up-front fees and monthly fees for professional managed services for the project term of 12 months. This deployment will be the first use of an automatic delivery drone solution to provide B2B cargo delivery at Edmonton International Airport. It will be the Company's first commercial contracts in Alberta and with courier companies.
The Customers envision expanding to further routes and utilizing the full fleet of DDC drones in the future, including the Robin XL and Condor.
"We are pleased that our partners have chosen Drone Delivery Canada as part of their mission to invest in new technology to advance the supply chain industry. To our knowledge, this is the first drone delivery project at a large-scale international airport anywhere in Canada. As an award-winning global leader, we are pleased to continue to advance our business, the industry overall and for our continued commercial success," said Michael Zahra, President & CEO of DDC.
"Edmonton International Airport knows that innovation is the key to future successes, and we can see that future in the sky ahead with Drone Delivery Canada and Air Canada Cargo. We look forward to working together with the regulatory agencies and our municipal partner Leduc County towards the safe operationalization of this project." - Myron Keehn, Vice-President Air Service and Business Development, Edmonton International Airport.
"While the pandemic created an unprecedented spike in volume, we expect demand to continue, making advanced last-mile delivery systems paramount to meeting consumer expectations into the future. It's energizing to be at the forefront of ecommerce, partnering with Drone Delivery Canada as an early adopter in drone technology. The knowledge and experience gained though this innovative program will benefit our customers in the new normal as restrictions begin to ease", says Nasser Syed, CEO of same-day final mile service provider Apple Express.
"We're excited to work with Drone Delivery Canada and unlock access for our clients to new and innovative technologies," says Chris Higham, President and CEO of Ziing Final Mile Inc. "Our core competencies are centered around operational and environmental efficiencies, so this is a natural step in supporting our long-term vision."
This announcement comes shortly after the Company recently announced on May 20th, 2021 being successfully selected by UBC for a First Nations project in British Columbia. UBC and DDC are working towards finalizing their commercial agreement shortly, for project implementation expected to commence in Q3 2021. The agreement is also expected to provide for the payment of an up-front fee and monthly fees for professional managed services for the expected project term of 12 months.
About Edmonton International Airport
Edmonton International Airport is a self-funded, not-for-profit corporation whose mandate is to drive economic prosperity for the Edmonton Metropolitan Region. Edmonton Airports managed Edmonton International Airport (EIA), and owns and operates Villeneuve Airport (VA). EIA is Canada's fifth-busiest airport by passenger traffic and the largest major Canadian airport by land area. EIA offers non-stop connections to destinations across Canada, the U.S., Mexico, the Caribbean, and Europe. EIA is a major economic driver and has attracted over $1.3 billion in investment to our property over the last few years. EIA's Airport City Sustainability Campus is a living lab for accelerating the development, testing, implementation, and commercialization of technology. EIA's Airport City Sustainability Campus propels new jobs, tourism, and economic diversification – and creates a destination in and around EIA, featuring entertainment, e-commerce, retail, hospitality, cargo/logistics, biopharma, light manufacturing and many other industries. For more information, please visit: www.flyeia.com
About Apple Express Courier Ltd.
In 1985 Apple Express was established as a Toronto-based, local-delivery business. Strong leadership and a strategic vision enabled the company to achieve steady growth. With a view to the future, the company invested in emerging technology and infrastructure to service the world's largest brands. Today, Apple Express provides its customers with strategic transportation and logistics services through the utilization of its people's skills, processes, and technology. Its strategic goal is to take on and aggregate, more and more of its customers' non-strategic processes, particularly as they relate to the "last mile" of their initial and ongoing relationship with their customers. Apple Express delivers highly customized, outsourced, SLA satisfaction and last-mile supply chain solutions for large healthcare, IT, and retail businesses. In 2016, Apple Express was acquired by a wholly owned subsidiary of bpost SA-NV, the Belgian-based international parcel and mail delivery service. For more information, please visit: www.appleexpress.com
About Ziing Final Mile Inc.
Ziing Final Mile Inc. (Ziing) is a wholly owned Canadian company serving clients coast to coast. The Company is an asset light, same day and next day, final mile service provider focused on dedicated and distribution services in a wide range of industries. Ziing has expertise in routing, handling, and timely delivery that meets expectations for its clients and their customers by utilizing integrated, automated, and data-driven solutions. For more information, please visit: www.ziingfinalmile.ca
About Drone Delivery Canada Corp.
Drone Delivery Canada Corp. is an ISO 9001 certified, award-winning drone technology company focused on the design, development, and implementation of its proprietary logistics software platform, using drones. The Company's platform is used in a Software as a Service (SaaS) model for government and corporate organizations globally.
Drone Delivery Canada Corp. is a publicly listed company trading on the TSX.V Exchange under the symbol FLT, on the U.S. OTC QX market under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F .
Read more at: www.DroneDeliveryCanada.com or on DDC's social media:
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https://www.facebook.com/dronedeliverycanada
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward Looking Information
Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties. Such statements often contain words such as "expect," "may," "can," "believe," "forecast," "estimate," "goal," "target," "will," and other similar words. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, market acceptance, and dependence upon regulatory approvals (both in Canada and internationally). Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking information. Except as may be required by applicable securities law, the parties undertake no obligation to update forward-looking information, whether as a result of new information, future events or otherwise.
SOURCE Drone Delivery Canada Corp.
Investor Relations: Mr. Michael Zahra, President & Chief Executive Officer, and Mr. Bill Mitoulas, Telephone: (416) 479-9547, Email: [email protected]; Media Relations: Mr. Nelson Hudes, Hudes Communications International, Telephone: (905) 660-9155, Email: [email protected]
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