It's been a downward grind-characterized by lower highs and lower lows-for Drone Delivery Canada Corp (CVE:FLT) (OTCMKTS:TAKOF) over the past sixteen months. Wing spun out of Alphabet's X research division in July 2018.
US Secretary of Transportation Elaine L. Chao described it as an important step forward for the safe testing and integration of drones into our economy.
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The FAA said Wing demonstrated that its operations met its rigorous safety requirements for an air carrier certificate based on extensive data and documentation "as well as safe flights conducted in Australia over the past several years".
Wing said it will "solicit feedback with the goal of launching a delivery trial later this year". That includes $45.2 billion in infrastructure, $32.4 billion in agriculture, $13 billion in transport and $10.5 billion in security. And because Wing has already worked out which rules apply to drone operators and which don't, the process should be far more seamless for others.
The drone is a cross between a helicopter and a winged aircraft and is capable of flying at relatively high speeds. If the Global Positioning System is unavailable for any reason, the drone uses data from the camera to measure speed, latitude and longitude in its place. This will, of course, limit where Wing can operate.
The delivery service is set to launch within months in Blacksburg. The drones have a six-mile range, so the staging area - known as the nest - will determine who is able to signup for deliveries. Delivery companies including UPS and DHL have also conducted tests.
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James Ryan Burgess Wing CEO said earning of FAA's approval is an exciting moment for the company, through this approval it will run a business with its own technology.
Service is expected to take off soon, starting with 100 eligible homes in the Canberra suburbs of Crace, Palmerston, and Franklin, before expanding into Harrison and Gungahlin.
Wing was first known as "Project Wing" when it was introduced in 2014. While Google X's Wing success is nothing new to investors following the FLT story, it does provide infinite more visibility and awareness to the sector.
- It may not be long before drones are delivering your pizza. Wing now operates in Australia and Finland, according to the company's website.
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