- DDC and Staples will collaborate to explore the feasibility of developing, implementing, and commercializing a drone delivery logistics platform
- DDC is actively advancing further agreements with additional customers
TORONTO, Nov. 29, 2016 /CNW/ - Drone Delivery Canada ('DDC or the Company') (CSE – FLT) is pleased to announce it is working with Staples (NASDAQ – SPLS), the country's leading provider of business solutions, to collaborate and explore the feasibility of developing, implementing and commercializing a drone delivery logistics platform for Staples' commercial requirements nationwide in Canada.
"This agreement with Staples is potentially transformational for us as a Company," commented Tony Di Benedetto, CEO of Drone Delivery Canada. "We are the first and only drone delivery company in Canada. Now, with our recently awarded SFOC (Special Flight Operating Certificate) from Transport Canada to test fly, those customers who we were previously in contract discussions are now accelerating their dialogue with us to develop and implement their own drone delivery solution. We are experiencing great traction and are expecting more contract wins in Q4 and Q1 of 2017."
"The work Staples is doing with Drone Delivery Canada will let us rapidly provide innovative solutions to meet our customers' needs," commented Mike Bhaskaran, Executive Vice President of Supply Chain, Staples, Inc. "We're always testing new ways we can improve our supply chain capabilities and are encouraged by the potential of drone technology."
With this agreement in place, DDC will work under Transport Canada's framework to advance its testing at a specific test site within the Southern Ontario geography following which, DDC anticipates it will travel to Foremost, Alberta and Alma, Quebec to test beyond visual line of sight (BVLOS).
With DDC's strong balance sheet and prudent approach, the Company is pleased to report it is adequately funded to commercialization.
For more information, please visit www.dronedeliverycanada.com
About Drone Delivery Canada
Drone Delivery Canada is a drone technology company based out of Vaughan, Ontario focused on the design, development and implementation of a commercial drone logistics platform for government and corporate organizations. Drone Delivery Canada Corp. is a publicly listed company trading on the Canadian Securities Exchange under the symbol FLT.
SOURCE Drone Delivery Canada
For further information: Richard Buzbuzian, President, Telephone: (647) 501-3290, Email: [email protected]; Bill Mitoulis, Investor Relations, Telephone: (416) 837-7147, Email: [email protected]; Nelson Hudes, Media Relations, Telephone: (905) 660-9155, Email: [email protected]