Drone Delivery Canada (FLT.V) stock, after decreasing from C$1.1900 on June 21 to C$1.1300 on June 22, the price increased to C$1.1500 on June 24 and then slightly declined to C$1.1000 on July 2. Having risen and fallen from C$1.1400 to C$1.1000 and then price fluctuated between C$1.1100 and C$1.0900 from July 6 to July 8. Despite this, the stock remarkably climbed from C$1.0900 to C$1.3800. Finally, after falling from C$1.3800 to C$1.1800 on July 15, the price significantly rose and finished at C$1.2200.
Drone Delivery Canada (FLT.V), reported that it signed a commercial, final agreement effective July 15, 2021, with the University of British Columbia (UBC), with help from its sales agent Air Canada. To deploy a patented unmanned DDC delivery solution to Stellat’s First Nation for UBC «Remote Communities Transportation Initiative by drones» program. DDC is expected to start deploying the site infrastructure in summer 2021, and in the second half of 2021 will start providing drone delivery services in accordance with the agreement. The agreement is valid for 12 months.
The project will allow delivery via a route using a drone Sparrow DDC and DroneSpot take-off and landing zones as well as additional infrastructure for flight drones. The solution will be used to transport various goods for the benefit of the Stellat’en First Nation and the villages of Fraser Lake, located in central Northern British Columbia, Canada. This deployment will be the fourth DDC First Nations Project and the first project in British Columbia
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