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Volatus AerospaceCorp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "theCompany") is pleased to announce that it has entered into anexclusive agreement to help manufacture, market and distribute AirialRobotics’ next generation of Unmanned Aerial Vehicles (UAVs) underthe Volatus Aerospace brand and its subsidiaries.
“We are already seeingsignificant demand for Airial Robotics’ products,” said DeanAttridge, Volatus Vice President of Solutions Engineering. “Ourindustry is at an inflection point and positioned for another periodof explosive growth. Airial Robotics’ Gyrotrak passed our Vettedby Volatus evaluation for capability, safety, reliability, andsuitability for night operations and flight beyond visual line ofsight.”
“Volatus Aerospace hasthe commercial reach and resources to help us scale quickly with theadded benefit of offering training, manufacturing, and technicalsupport,” said Joerg Schamuhn, CEO of Airial Robotics, headquarteredin Germany. “In addition, their global network in defenceimmediately expands our overall available market. Our products aredesigned for challenging commercial applications and are ready forlarge-scale deployment.”
Airial Robotics’ patented Gyrotrak technology redefines thepossibilities of commercial drone applications by combining thelow-energy principles of an autogyro with the hover, vertical take-offand landing features of a helicopter. The result is a disruptivehybrid UAV solution with enhanced flight stability and game-changingimprovements in flight time, range, altitude, and payload. Theirmodular and scalable design supports size and weight class modelsranging between 4kg and 600 kg take-off weight ideally suited toapplications ranging from agriculture 4.0, cargo and offshore supplymissions to inspection, public safety and defense missions.
“As a careerprofessional pilot, I am impressed. Airial Robotics created a newclass of drone designed to aviation standards that outperforms anyheavy-lift platform we have operated to date,” said Glen Lynch, CEOof Volatus Aerospace. “These UAV’s have real potential forpositive change in the lives of people working in countlessindustries. In our own flight operations, its weather tolerance,heavy-lift, high-speed, and long-range capabilities make Gyrotrakideal for our own cargo, agriculture, and oil and gas pipelineapplications.”
Volatus will manufacture, market and distribute Airial Roboticproducts under Volatus Aerospace and its subsidiaries OmniView Tech inCanada, Volatus Aerospace USA and Empire Drone in the USA, VolatusAerospace LATAM in South America, and Volatus Aerospace UK & iRedRemote Sensing in EMEA. The company also intendeds to support anddevelop existing and qualified new dealers for the products.
About Volatus Aerospace:
VolatusAerospace Corp. is a leading provider of integrated drone solutionsthroughout North America and growing into Latin America and globally.Volatus serves civil, public safety, and defense markets with imagingand inspection, security and surveillance, equipment sales andsupport, training, as well as R&D, design, and manufacturing.Through our subsidiary, Volatus Aviation, we are introducing green andinnovative drone solutions to supplement and replace traditionalaircraft and helicopters for long-linear inspections such as pipeline,energy, rail, and cargo services. Volatus is committed to carbonneutrality; the fostering of a safe, equitable and inclusiveworkplace; and responsible governance.
Forward-LookingInformation
This news release contains statements thatconstitute “forward-looking information” and “forward-lookingstatements” within the meaning of applicable securities laws,including statements regarding the plans, intentions, beliefs, andcurrent expectations of the Company with respect to future businessactivities and operating performance. Often, but not always,forward-looking information and forward-looking statements can beidentified by the use of words such as “plans”, “expects”,“is expected”, “budget”, “scheduled”, “estimates”,“forecasts”, “intends”, “anticipates”, or “believes”or variations (including negative variations) of such words andphrases, or statements formed in the future tense or indicating thatcertain actions, events or results “may”, “could”,“would”, “might” or “will” (or other variations of theforegoing) be taken, occur, be achieved, or come to pass.Forward-looking information includes information regarding: (i) thebusiness plans and expectations of the Company; and (ii) expectationsfor other economic, business, and/or competitive factors.Forward-looking information is based on currently availablecompetitive, financial, and economic data and operating plans,strategies, or beliefs as of the date of this news release, butinvolve known and unknown risks, uncertainties, assumptions and otherfactors that may cause the actual results, performance or achievementsof the Company to be materially different from any future results,performance or achievements expressed or implied by theforward-looking information. Such factors may be based on informationcurrently available to the Company, including information obtainedfrom third-party industry analysts and other third-party sources, andare based on management’s current expectations or beliefs. Any andall forward-looking information contained in this news release isexpressly qualified by this cautionary statement. Investors arecautioned that forward-looking information is not based on historicalfacts but instead reflects expectations, estimates or projectionsconcerning future results or events based on the opinions, assumptionsand estimates of management considered reasonable at the date thestatements are made. Forward-looking information and forward-lookingstatements reflect the Company’s current beliefs and is based oninformation currently available to it and on assumptions it believesto be not unreasonable in light of all of the circumstances. In someinstances, material factors or assumptions are discussed in this newsrelease in connection with statements containing forward-lookinginformation. Such material factors and assumptions include, but arenot limited to: the commercialization of drone flights beyond visualline of sight and potential benefits to the Company; and meeting thecontinued listing requirements of the TSXV. Although the Company hasattempted to identify important factors that could cause actualactions, events or results to differ materially from those describedin forward-looking information, there may be other factors that causeactions, events or results to differ from those anticipated, estimatedor intended. The forward-looking information contained herein is madeas of the date of this news release and, other than as required bylaw, the Company disclaims any obligation to update anyforward-looking information, whether as a result of new information,future events or results or otherwise. There can be no assurance thatforward-looking information will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking information.Neither the TSXV nor itsRegulation Services Provider (as that term is defined in the policiesof the TSXV) accepts responsibility for the adequacy or accuracy ofthis news release.
Source: Volatus Aerospace Corp.
TSXV:VOL
Contact Details
Abhinav Singhvi
+1514-447-7986
abhinav.singhvi@volatusaerospace.com
CompanyWebsite
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