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Be the first with the news that moves the market- Drone Delivery Canada (FLT) has signed an up to $1.2 million contract with the Canadian government
- The company will work with Transport Canada to operate and evaluate its proprietary drone delivery platform using the heavy-lift Condor remote piloted aircraft
- The Condor is designed to carry approximately 20 cubic feet of cargo, which applies to potential use cases in mining, oil and gas, inspection, and emergency preparedness
- Drone Delivery Canada is an award-winning drone technology company
- Drone Delivery Canada (FLT) is up by 36.76 per cent trading at $0.465 per share
Drone Delivery Canada (FLT) has signed an up to $1.2 million contract with the Canadian government.
The company will work with Transport Canada to operate and evaluate its proprietary drone delivery platform using the heavy-lift Condor remote piloted aircraft.
The contract consists of three phases:
- Short-range flights
- Long-range endurance flights
- Extreme environmental testing
The Condor is designed to carry approximately 20 cubic feet of cargo and is equipped with the company’s FLYTE management system, which may be marketed in a managed service SaaS business model in Canada and as a licensed managed service internationally.
The contract falls under the government’s Innovative Solutions Canada program and will run until December 2023.
Drone Delivery Canada is an award-winning drone technology company focused on the design, development, and implementation of its proprietary drone logistics software platform.
Drone Delivery Canada (FLT) is up by 36.76 per cent trading at $0.465 per share as of 11:15 am EST.
