(NewsDirect)
Volatus AerospaceCorp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "theCompany") is pleased to announce that the Company has been issueda Canadian Transportation Agency (CTA) License for domestic service,all-cargo aircraft. This license builds on the existing capabilitiesauthorized by CTA licenses held by Volatus subsidiaries Partner JetInc. (Volatus Aviation) and Synergy Aviation.
The addition of thislicense allows the Company to build its drone cargo capability underthe Volatus brand in preparation for the anticipated TransportCanada/FAA regulatory changes.
“Positioning Volatus with this license is an important steptoward our long-term vision of drone cargo operations, when we arescheduled to take delivery of the first 3.8 tonne Natilus Konauncrewed regional feeder aircraft (announced in a pressrelease on January 25, 2022 ),” says Glen Lynch, CEO of VolatusAerospace Corp. “It is still early days for large, commercial dronecargo and our primary revenues for the next few years will continue tocome from data, analytics, intelligence and equipment sales.”
“Today, our cargobusiness is limited to smaller drones, which are practical forinter-island, remote areas, industrial sites, medical and offshoreapplications. These current use cases continue to build our experienceand reputation as an operator of cargo drones,” added Michael Hill,Regional Director for Volatus.
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.
AboutNatilus:
Natilus was founded in 2016 to commoditize the aircargo transport industry by designing and manufacturing one of theworld’s first autonomous aircraft for efficient and sustainablefreight transport. This new fleet of blended wing body (BWB)autonomous freight aircraft will increase volume by 60% and lowercosts by 60%, while reducing carbon emissions by 50%. Natilus aircraftuse existing ground infrastructure and standard air cargo containersto produce an innovative turnkey solution for customers. The first ina family of aircraft, the Natilus Kona, is expected to carry up to 4.3metric tonnes of freight, fly as far as 900 nautical miles, and cruiseat 220 knots. To date, Natilus has an order book of $6B for 460+aircraft. Volatus has the rights to the first aircraft productionslot.
Forward-Looking Information
This newsrelease contains statements that constitute “forward-lookinginformation” and “forward-looking statements” within the meaningof applicable securities laws, including statements regarding theplans, intentions, beliefs, and current expectations of the Companywith respect to future business activities and operating performance.Often, but not always, forward-looking information and forward-lookingstatements can be identified 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 suchwords and phrases, or statements formed in the future tense orindicating that certain actions, events or results “may”,“could”, “would”, “might” or “will” (or othervariations of the foregoing) be taken, occur, be achieved, or come topass. Forward-looking information includes information regarding: (i)the business plans and expectations of the Company; and (ii)expectations for 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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