DRONEDEK Announces Formation of Advisory Board

INDIANAPOLIS – March 21, 2021 – DRONEDEK, the Indianapolis startup that is among the first companies to patented a high-tech mailbox designed for secure drone delivery, today announced the formation of its advisory board.

The board is comprised of: 

The DRONEDEK leadership team is Dan O’Toole, CEO; Richard Ohrn, Treasurer & CFO; Craig Beriault, CSO,  Neerav Shah, Director of Technology; John Ritchison, Corporate Counsel; and and Lois O’Toole, Secretary & Vice President.

“We’re honored that experienced and forward- thinking people have agreed to join us in this adventure,” O’Toole said. “We are truly on the cusp of what will seem like a huge change but will rapidly become a default way of receiving goods. Each of these leaders sees the promise DRONEDEK offers, and we couldn’t be happier to have their advice and counsel.” 

Based in Indianapolis, DRONEDEK solve two critical challenges of the package delivery industry: the expense and inefficiency of the last-mile and package security. DRONEDEK is one of the first companies in the world to focus on drone delivery for commercial and residential use. With more than 160 million addresses in the U.S. alone (with 4,000 new addresses created daily) the addressable market is immense. Since the COVID outbreak, in-person shopping and entertainment activity is down by 90 percent while e-commerce is up by more than 50 percent according to Boston Consulting Group, which recently questioned whether delivery services could keep up with the boom. 

Beyond simple delivery, package security is also a concern as more than 1.7 million traditionally-delivered packages are stolen from American doorsteps, which amounts to $25 million a day in lost goods and services every day. 

DRONEDEK has raised more than $2 million from a combination of angel investors and a crowdsourcing campaign, which is ongoing. The company holds two U.S. patents for its sophisticated mailbox, which is designed to accept drone deliveries of any type, including food deliveries that it can keep hot or cold.

About DRONEDEK: DRONEDEK’s smart mailbox enables customers to fully automate their delivery process for the last mile. See the mailbox and learn more at DRONEDEK.com 

Media Contact: Cheryl Reed/ 317-446-5240

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