UPS (NYSE:UPS) and CVHS Health (NYSE:CVS) announce the first residential deliveries of CVS prescriptions were made on November 1 using the M2 drone system by UPS partner and drone systems developer Matternet.
The companies say the deliveries mark another milestone in their collaboration to develop a variety of drone delivery use cases, including business-to-consumer operating models.
The companies plan ongoing drone delivery program development in the coming months in order to bring to market the speed and convenience advantages of UAVs.
UPS +0.17% premarket to $123.23.
Source: Press Release
Try Seeking Alpha PREMIUM for unlimited analysis on UPS