TAKOF - DRONE DELIVERY CANADA COMPLETES FIRST MILESTONE OF THE CANARY CONTRACT WITH THE DEPARTMENT OF NATIONAL DEFENCE | Benzinga
TORONTO, Dec. 20, 2023 /CNW/ - Drone Delivery Canada Corp. (TSXV:FLT) (OTC QX: TAKOF) (Frankfurt: A3DP5Y) or (Frankfurt: ABBA.F) (the "Company" or "DDC") is pleased to announce, further to it's press release dated September 7, 2023, that it has completed the first of two milestones as part of the contract (the "Contract") with the Department of National Defence and the Canadian Armed Forces' ("DND/CAF") Innovation for Defence Excellence and Security ("IDEaS") program. The Company has been authorized to move to the second phase of the Contract which is expected to be completed in the first quarter of 2024.
The completion of the first milestone of the project involved nine test objectives pursuant to which the Company completed a total of 145 flights with an overall flight distance of almost 800km.
With the completion of the test environment milestones during the first phase of the Contract, the Company will move to the real-world operation phase of the Contract to demonstrate the Canary's ability to deliver just in time medical equipment and supplies.
As part of ...