Drone Delivery Canada Signs Collaboration Agreement With Nexeya Canada For Military Applications
TORONTO, Aug. 17, 2021 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2AMGZ) (Frankfurt: ABB.F) (the "Company" or "DDC") is pleased to announce that it has signed a sales collaboration agreement, effective August 16th, 2021, with Nexeya Canada, a Hensoldt Company, to jointly explore military applications for DDC's drone solution.
The agreement is for the parties to collaborate to identify, develop and bid on military projects utilizing DDC's drone solution for delivery and/or sensor related applications in Canada. The initial term of the agreement is 24 months.
"At Hensoldt our value proposition is captured by our motto, 'Detect & Protect'. With the formalization of a working relationship with Drone Delivery Canada we are eager to explore opportunities where we can deliver our industry leading sensor solutions in a new and innovative manner," says Michael Della Fortuna, CEO of Nexeya Canada. "We look forward to collaborating with Drone Delivery Canada and developing a stronger, combined offering, for our commercial and military customers".
"We are pleased to sign this agreement with Nexeya Canada to collaborate towards potential Canadian military opportunities. We look forward to leveraging Nexeya Canada's expertise in military projects to jointly explore delivery drone and sensor drone applications using DDC's solution," said Michael Zahra, President & CEO of DDC. "As an award-winning industry leader, DDC is pleased to continue to move the business forward to explore new channels and markets."
About Nexeya Canada, a Hensoldt Company
Hensoldt Canada designs, manufactures and supports embedded, stand-alone and integrated systems and system support services for a variety of capital intense and mission critical environments.
Hensoldt is a leading supplier for platform independent offerings deployed across the domains air, sea, land and security for armed and security forces worldwide. Hensoldt's portfolio includes various sensor technologies, which, when combined, allow detection capabilities to be improved substantially. Our solutions are deployed on various platforms, including helicopters, aircraft, unmanned aerial vehicles, ships and submarines, armoured vehicles as well as satellites. For more information on Hensoldt, please visit www.HensoldtCanada.com
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 as 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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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 address expected future business and financial performance, financial condition, and other matters, and often contain words or phrases such as "expect," "may," "can," "believe," "forecast," "estimate," "goal," "target," "will," and other similar expressions, and variations or negatives of these words or phrases. 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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