The Company has prepared a second Condor to continue with the execution of the contract. The Company has completed the investigation of the incident with the first Condor and has made the required adjustments and improvements to the second Condor to improve overall reliability and flight performance.
Under the terms of the Contract,
- Short range flights
- Long range endurance flights
- Extreme environmental testing
The multi-package payload compartment of the Condor is designed to carry approximately 20 cubic feet of cargo. The Condor measures 22 feet long, 5 feet wide and 7 feet tall. It has a rotor diameter of approximately 20 feet and is capable of vertical takeoff and landing. The Condor is equipped with the Company's proprietary FLYTE management system which is the same platform used in all the Company's cargo delivery drones. The turnkey solution is expected to be marketed in a managed service SaaS business model in
Subject to all required regulatory approvals, the increased size and payload capacity of the Condor is expected to unlock a significant number of new potential use case opportunities, including in sectors such as mining, oil and gas, inspection, and emergency preparedness.
"We are excited to restart the execution of the ISC contract. We look forward to once again displaying the full capabilities of the improved Condor and to potentially offer the Condor platform to all interested government of
A successful outcome of this contract could lead DDC to enter the Pathway to Commercialization which is a new program launched by Innovative Solutions Canada to speed up the rate at which
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Certain 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 condition, and other matters, and often contain words or phrases such as "expect," "may," "can," "believe," "forecast," "estimate," "goal," "target," "will," and other similar expressions, and variations or negatives of these words or phrases. This forward-looking information is subject to numerous risks and 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 dependence upon regulatory approvals (both in
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