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Sky Canoe Inc.

March 11, 2020: Jason Dudek, Co-Founder & CFO

     Sky Canoe Inc. is a Canadian company producing one of the world's most advanced unmanned cargo aircraft. Our unique design offers customers and communities a safer, less expensive and cleaner way to move light cargo with unmatched efficiency that can reduce logistics costs by up to 65% for our customers. Sky Canoe's initial market is with remote extractives, isolated communities and front-line logistics (Defense).  In Canada alone this market is worth 2 billion USD and is currently underserved by expensive helicopter couriers and small manned aircraft.

     Having proven our design through a prototype, and with technical validation from 3 universities and independent 3rd party aerospace experts, we are now looking to commercialize. More than 50 potential customers, who describe our product as "a game-changer," have been engaged. We have signed LOIs for the purchase of Sky Canoes with two early adopters and expect to grow rapidly. FAA and transport Canada have confirmed that regulatory requirements will not be an issue because our initial market only involves flying over unpopulated areas and airspace.

     Our design is a breakthrough in a well-capitalized space. For instance, Drone Delivery Canada, a company which has neither comparable IP nor revenue, has a current market cap of $150 million on Canada's TSX. Companies who have generated meaningful innovation in our space, such as Aeryon Labs, have been acquired for upwards of $200 million.

     Sky Canoe is led by an international team with experience in business, finance, regulatory compliance and over 40 years' experience building and flying aircraft. For more information, please visit www.skycanoe.ca

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