TORONTO, July 17, 2019 /CNW/ - Drone Delivery Canada 'DDC or the Company' (TSX.V:FLT, OTC – NASDAQ INTL:TAKOF),is pleased to announce on July 16, 2019, the United States Patent Office granted DDC Patent #: 10,351,239 which covers DDC's proprietary FLYTE management software system along with its drone delivery technology and processes.
The patent is directed to aspects of DDC's proprietary FLYTE management which is a core component of DDC's drone delivery platform.
Additionally, the patent is also directed to DDC's 'RAILWAY IN THE SKY' concept that is intended to simplify routing and control of delivery drones particularly in crowded urban areas. The system provides a database for a flight route network that includes a number of route sections that can be selected to provide a desired routing.
"This is our first United States Patent Office grant, which provides strong protection for our flight management system and our 'Railway in the Sky' concept. This patent win again demonstrates our industry lead in this very disruptive industry" commented Paul Di Benedetto, Chief Technology Officer of Drone Delivery Canada. "On behalf of the Company I would like to thank all of our dedicated staff who were integral in this accomplishment."
DDC is currently seeking patent protection for other aspects of its technology in US and other countries
About Drone Delivery Canada
Drone Delivery Canada 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 Software as a Service (SaaS) for government and corporate organizations.
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 with Nasdaq International Designation under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ.
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.
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SOURCE Drone Delivery Canada
For further information: Richard Buzbuzian, Capital Markets, Telephone: (647) 501-3290, Email: [email protected]; Bill Mitoulas, Investor Relations, Telephone: (416) 837-7147, Email: [email protected]