Wednesday, December 5, 2018

Drone Delivery Canada signs $2.5 million commercial agreement

Drone Delivery Canada (DDC) has executed a commercial agreement with the Moose Cree First Nation to deploy DDC's drone delivery technology platform with the Moose Cree First Nation communities.

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 which permits DDC to conduct drone operations in all Canadian provinces and territories. The drone delivery platform will service two northern towns located in Ontario approximately 19 kilometers south of James Bay. 

Financial terms of the agreement are $2.5 million of revenue for year one with the potential to expand services in following years.

No comments: