Drone Delivery Canada Signs $2.5 Million Commercial Agreement
Drone Delivery Canada Signs $2.5 Million Commercial Agreement With Moose Cree First Nation to Deploy DDC's Drone Delivery Platform
The Company is currently permitted to commercially operate its drone delivery platform within the Moosonee and Moose Factory communities with its Compliant Special Flight Operations Certificate (SFOC) which permits DDC to conduct drone operations in all Canadian provinces and territories. DDC, with its Compliant SFOC in hand, will deploy its drone delivery platform to service the communities of Moose Factory and Moosonee, two northern towns located in Ontario approximately 19 kilometres south of James Bay.
Utilizing DDC's compliant Sparrow aircraft, capable of a 5 kg payload, goods to be commercially transported between the communities will include, letters, general parcels, medical supplies, and other general necessities.
Financial terms of the agreement are $2.5 Million of revenue for year one with the potential to expand services in following years. As previously anticipated, it is expected that revenues will begin to...