Drone Delivery Canada Corp. (“DDC” or the “Company”) (CSE:FLT), is pleased to report the success of a pivotal milestone towards commercializing its drone logistics platform after becoming the first and only company of its kind in Canada to successfully achieve Beyond Visual Line of Sight (BVLOS) test flights.
The success of these flights, which took place in Foremost, Alberta after DDC received a Special Flight Operating Certificate from Transport Canada, prove that DDC’s BVLOS technical capability has now passed the most important landmark which enables the DDC platform to run commercially. Comm
ercial operations are forecast to be based on a revenue model that comprises of integration fees, set up fees, and on going re-occurring revenue. DDC’s revenue is based on a traditional SaaS model format.
“We are the only pure play drone delivery company that has ever successfully achieved BVLOS flights under Transport Canada’s oversight,” says Richard Buzbuzian, President of Drone Delivery Canada. “This is a major milestone for our company. With this success in hand, we now have greater visibility than ever before to operate commercially. Additionally, more than ever, we are also seeing international inquiry for our platform. This win has been a major step forward for us, both domestically and internationally.”
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