TAKOF - DRONE DELIVERY CANADA CORP. ANNOUNCES THE RESTART OF THE HEAVY-LIFT CONDOR DRONE ISC CONTRACT | Benzinga
TORONTO, Sept. 14, 2023 /CNW/ - Drone Delivery Canada Corp. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: A3DP5Y or ABBA.F) (the "Company" or "DDC") is pleased to announce that it has restarted the execution of the contract with the Canadian Government to operate and evaluate DDC's proprietary drone delivery platform using DDC's heavy-lift Condor remote piloted aircraft, the largest drone currently being developed by DDC. The Contract initially announced in March 2023, with a value up to approximately $1.2 million is with the Canadian government's Innovative Solutions Canada program.
The Company has prepared a second Condor to continue with the execution of the contract. The Company has completed the investigation of the incident with the first Condor and has made the required adjustments and improvements to the second Condor to improve overall reliability and flight performance.
Under the terms of the Contract, DDC will restart the operation, testing, and evaluation of the capabilities of the Condor drone solution. The contract consists of 3 phases:
- Short range flights
- Long range endurance flights
- Extreme environmental testing
The multi-package payload compartment of the Condor is designed to carry approximately 20 cubic feet of cargo. The Condor measures 22 feet long, 5 feet wide and 7 feet tall. It has a rotor diameter of approximately 20 feet and is capable of vertical takeoff and landing. The Condor is equipped with the Company's proprietary FLYTE management system which is the same platform used in all the Company's cargo delivery drones. The turnkey solution is expected to be marketed in a managed service SaaS business model in Canada and potentially as a licensed managed service internationally, subject to applicable regulation.
Subject to all required regulatory approvals, the increased size and payload capacity of the Condor is expected to unlock a significant number of new potential use case opportunities, including in sectors such as mining, oil and gas, inspection, and emergency ...