Canadian UAVS enters into a third party financing relationship with CWB Maxium Financial

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CALGARY, Alberta – Canadian UAVs (CUAVS), a leading supplier of commercial unmanned aerial vehicles (UAV), commonly known as drones, has entered into a referral relationship with CWB Maxium Financial, a proud member of the CWB Financial Group (TSX:CWB). Canadian UAVs offers commercial drone leasing, training and maintenance solutions for utility enterprises. The referral relationship for third party financing will expand CUAVS funding capabilities and access to capital for their utility customers.

“We are excited to work with CWB Maxium Financial (CWB Maxium), a reputable and responsive lender. We are in a high growth niche market and our customers plan to use UAV’s to scale their operations. This referral relationship for financing enables utility enterprises to access capital and training, and lowers the barriers to entry. CWB Maxium Financial will handle all administration and finance of UAVs, while CUAVS will focus on customized training and maintenance programs,” said Sean Greenwood, President and CEO at Canadian UAVs.

CWB Maxium offers third-party financing to distributors, manufacturers and resellers for emerging technologies. With deep expertise in the emerging technology space, CWB Maxium provides exceptional service by offering access to structured financing programs. “We’re excited to partner with Canadian UAVs who share our commitment and reputation for exceptional service,” said Steve Barendregt, Director Originations at CWB Maxium. “This is an excellent opportunity to help their business grow, while also continuing to expand our vendor financing solution offering across Canada.”

About Canadian UAVs
Canadian UAVs is a Calgary-based solutions provider focused on safety-first data acquisition for unmanned aerial vehicle applications. CUAVS provides a range of custom and innovative UAV solutions for industrial environments where advanced imaging is necessary for surveying on an iterative or fixed point basis. Using advanced technology to monitor and acquire data about industrial assets, the company provides a viable advantage for clients and enterprises seeking to mitigate risk.

About CWB Maxium Financial
CWB Maxium Financial (TSX:CWB) is a wholly owned subsidiary of Canadian Western Bank and a member of the CWB Financial Group. Specializing in mid-market lending since 1993, CWB Maxium Financial is a leader in providing creative financing of up to $50 million to businesses across Canada. They offer structured financial solutions in various industries with a focus on healthcare, golf, condo and strata, energy and renewables, as well as corporate and program financing.

Contact Information
Sean Greenwood
President and CEO
(403) 796-5102, sean.greenwood@canadianuavs.ca
CanadianUAVs.ca