Drone Supply Canada Corp. (TSXV: FLT; OTC QX: TAKOF; Frankfurt: A3DP5Y or ABBA.F) (the “Firm” or “DDC”) introduced that, with the help of its gross sales agent Air Canada (TSX: AC), it has signed a contract (the “Contract”) with the Canadian Authorities to work with Transport Canada in working and evaluating DDC’s proprietary drone supply platform utilizing DDC’s heavy-lift Condor distant piloted plane, the biggest drone at the moment being developed by DDC. The Contract, with a worth as much as roughly $1.2 million is with the Canadian authorities’s Revolutionary Options Canada program. Beneath the phrases of the Contract, DDC will present Transport Canada with a Condor drone, and collaborate with Transport Canada in working, testing and evaluating the capabilities of the Condor drone resolution till December 2023. The contract consists of three phases:
- Quick vary flights
- Lengthy vary endurance flights
- Excessive environmental testing
The multi-package payload compartment of the Condor is designed to hold roughly 20 cubic toes of cargo. The Condor measures 22 toes lengthy, 5 toes broad and seven toes tall. It has a rotor diameter of roughly 20 toes and is able to vertical takeoff and touchdown. The Condor is provided with the Firm’s proprietary FLYTE administration system which is similar platform utilized in all of the Firm’s cargo supply drones. The turnkey resolution is predicted to be marketed in a managed service SaaS enterprise mannequin in Canada and doubtlessly as a licensed managed service internationally, topic to relevant regulation.
Topic to all required regulatory approvals, the elevated dimension and payload capability of the Condor is predicted to unlock a major variety of new potential use case alternatives, together with in sectors akin to mining, oil and fuel, inspection, and emergency preparedness.
“We’re extraordinarily excited to supply Transport Canada with our Condor drone and to be concerned within the Innovation Options Canada program. We stay up for working with Transport Canada to show the complete capabilities of the Condor and to doubtlessly supply the Condor platform to all authorities of Canada events,” stated Steve Magirias, CEO of DDC. “This contract is made potential by means of the expertise and energy of the DDC group which has labored tirelessly to get our Condor drone developed to attain this milestone together with potential future milestones.”
