TORONTO, March 28,
2023 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT)
(OTCQX: TAKOF) (Frankfurt: A3DP5Y)
or (Frankfurt: ABBA.F) (the "Company" or "DDC") is pleased to
announce that it has signed a memorandum of understanding with
Pegasus Imagery Ltd. ("Pegasus") to work together to develop and
implement on board detect and avoid technology ("DAA") for DDC's
heavy lift Condor remote piloted aircraft ("RPA").
The basis of the development effort will be to integrate
Pegasus' proprietary A3S™ DAA system onto the Condor.
A3S™ is an Autonomous Airspace Awareness System using
sensor fusion to merge onboard sensor data with artificial
intelligence to detect, track and autonomously avoid other aircraft
and obstacles.
This project builds on DDC's efforts to implement DAA technology
into all its RPAs to move towards fully automated flights for all
operations to be conducted in accordance with the Canadian Aviation
Regulations and Transport Canada flight authorizations, while being
remotely monitored by DDC through its proprietary FLYTE software
from its Operations Control Centre located in Vaughan, Ontario.
With the Pegasus A3S™ onboard DAA system integrated
into the Condor, DDC would have a full suite of DAA systems
integrated into its patented drone delivery technology enabling
automated flights and enable DDC to increase its offerings into
potentially more complex air spaces, while significantly increasing
operational efficiency.
"We are thrilled to work with the Pegasus team on this exciting
project which represents a final piece towards achieving fully
automated flights for the Condor RPA. Cole and his team have made
tremendous progress on their proprietary A3S™ system and
we are excited to integrate this technology onto our Condor" said
Steve Magirias, CEO of DDC.
"A3S™ unlocks the full potential of the Condor RPA
and will enable Drone Delivery Canada to commercialize heavy lift
cargo delivery for industry and government customers at scale,
"said Pegasus CEO Cole Rosentreter.
"This will shape the next century of middle-mile logistics, through
a flexible, scalable and certifiable safety system" said Pegasus
CEO Cole Rosentreter. "We're excited
to be working with Steve and the DDC team to launch this
game-changing capability together in Canada and future global markets."
About Pegasus Imagery Ltd.
Pegasus is an aerospace
company developing breakthrough technologies to deliver autonomous
data collection at scale for industry and government. A recognized
leader in Advanced Air Mobility, Pegasus UAS are equipped with
industry leading hardware and software, including A3S™,
a proprietary Detect And Avoid system for safe integration of
equipped UAS into the National Airspace System. Pegasus is based in
Sturgeon County, Alberta.
About Drone Delivery Canada Corp.
Drone Delivery
Canada Corp. is an award-winning drone technology company focused
on the design, development, and implementation of its proprietary
logistics software platform, using drones. The Company's platform
is intended to be used as a Software as a Service (SaaS) model for
government and corporate organizations globally.
Drone Delivery Canada Corp. is a publicly listed company trading
on the TSX Venture Exchange under the symbol FLT, on the U.S. OTC
QX market under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A3DP5Y or ABBA.F.
Read more at: www.DroneDeliveryCanada.com or on DDC's
social media:
https://www.linkedin.com/company/drone-delivery-canada
https://www.youtube.com/dronedeliverycanada
https://www.facebook.com/dronedeliverycanada
https://www.instagram.com/dronedeliverycanada
https://twitter.com/DroneDeliveryCa
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Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Notice Regarding Forward Looking Information
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information set forth in this news release may contain
forward-looking information that involves substantial known and
unknown risks and uncertainties. Such statements often address
expected future business and financial performance, financial
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such as "expect," "may," "can," "believe," "forecast," "estimate,"
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uncertainties, certain of which are beyond the control of the
Company, including, but not limited to, the impact of general
economic conditions, industry conditions, market acceptance, and
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cautioned that the assumptions used in the preparation of such
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preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward looking information. Except as may
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result of new information, future events or otherwise.
SOURCE Drone Delivery Canada Corp.