Drone Delivery Canada Supports FAA Regulatory Advancements
TORONTO, Jan. 26, 2021 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ or ABB.F) (the "Company" or "DDC") is pleased to express its support for the Federal Aviation Administration's (FAA) progressive actions in making amendments to advance the use of Unmanned Aircraft Systems (UAS) for logistics and small package delivery.
Use of drones in this market segment is forecast to increase significantly, according to a report released by the FAA recently. In their January 2021 report, 'Aerospace Forecast 2020 – 2040', the FAA highlights substantial expected growth in both the small UAS category (less than 55 pounds maximum take-off weight) and the larger UAS category (a maximum take-off weight of more than 55 pounds).
The FAA report directly highlighted:
- Continued strong growth of small commercial drones over the next 5 years, forecast change in the number of units in this category could be as much as 210% by 2024, when compared to 2019 figures.
- Professional grade commercial UAS is forecast to expand rapidly over time, especially as newer and more sophisticated uses are identified, designed, and operated.
- Approval of drones to enter the supply chain via small package delivery could result in growth that '…will likely be phenomenal'.
- Flights operated by larger UAS will double by 2024 versus 2019 levels.
- The Report also states: "By 2030 'last mile package delivery' … may result in around 500 million deliveries annually with a fleet of 40,000".
In December 2020, the FAA also issued a press release with respect to 'Remote ID' and 'Operations Over People and at Night' further advancing the industry. The Company also sees this as a positive catalyst in support of the UAS industry and applications DDC is specifically considering.
In July 2020, DDC announced it had started the process to enter the US market.
"In January 2021, the FAA added new rules to 14 CFR Part 107 to permit the expansion of routine flights and created four categories of UAS for flights over suburban/urban areas assuming certain, specific criteria are met. These new rules greatly improve the regulatory certainty for UAS delivery operations in the United States and represent a significant step forward toward UAS integration into the US airspace. This FAA report further enables DDC on its path to US operations and the requirements needed. As a global leader in the drone delivery industry, DDC has been anticipating these new regulations and we are well positioned to fully capitalize on them," said Steve Bogie, Vice President – Flight Operations & Technology at DDC.
About Drone Delivery Canada Corp.
Drone 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.
Drone 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 under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F .
Read more about the Company at: www.DroneDeliveryCanada.com or on DDC's social media:
https://www.linkedin.com/company/drone-delivery-canada
https://www.youtube.com/dronedeliverycanada
https://www.facebook.com/dronedeliverycanada
https://www.instagram.com/dronedeliverycanada
https://twitter.com/DroneDeliveryCa
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. 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, 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. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.
SOURCE Drone Delivery Canada
Investor Relations: Mr. Michael Zahra, 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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