TORONTO, ON / ACCESSWIRE / September 3, 2024 / Volatus Aerospace Inc. ("Volatus" or the "Company ") (TSXV:FLT)(OTCQX:TAKOF)(Frankfurt:A3DP5Y)(Frankfurt:ABBA.F) ("Volatus" or "the Company") announces the launch of Volatus Aerospace Europe AS based in Norway. The fully owned subsidiary will manage the activities of the group in the region and accelerate access to important markets for aerial solutions in Europe and Africa.
Consolidation in the RPAS industry is expected to yield commercial opportunities for advanced products, remote RPAS operations, and logistics services developed by Drone Delivery Canada, particularly for larger drone systems operated beyond visual line of sight (BVLOS).
Volatus Aerospace Europe AS will be led by Bruno Boucher, a seasoned expert in the aviation industry and related technologies. Mr. Boucher is a member of the Ordre des Ingenieurs du Quebec and is the Norway Civil Aviation Authority representative at ICAO (International Civil Aviation Authority) RPAS Panel in Montreal.
Volatus Aerospace Europe has already signed a consulting agreement with a leading manufacturer of advanced eVTOLs providing expertise and support on regulations and operational readiness for advanced international, beyond visual line of sight, high-capacity cargo operations.
"As an established drone operator with significant regulatory experience, it enhances our ability to operate beyond visual line of sight globally. This accelerates our ability to commercialize the remote operations and logistics capabilities gained from our merger with Drone Delivery Canada," said Glen Lynch, CEO of Volatus Aerospace.
"Leveraging our experience operating in challenging environments in North America combined with our advanced remote operations ecosystem, including a fully operational Remote Operations Center, will contribute to cost reductions and lower risks for our customers wanting to benefit from our solutions," concluded Boucher.
Volatus Aerospace Europe is registered with the European Union, is a certified drone operator in Norway, and will increase the privileges of its authorization within EASA's existing and upcoming regulation to further enable expansion in advanced operations in Europe and Africa, key markets for commercializing the proprietary technologies of Drone Delivery Canada.
About Volatus Aerospace:
Volatus Aerospace is a leader in innovative global aerial solutions for intelligence and cargo. With deep technological and subject matter expertise and over 100 years' worth of combined institutional knowledge in aviation, Volatus provides meaningful aerial solutions for end users across various industries using both piloted and remotely piloted aircraft systems (RPAS or drones). We are committed to enhancing operational efficiency, safety, and sustainability through innovative, real-world aerial solutions.
Explore our services and connect with us at http://www.volatusaerospace.com to learn more about how we can support your operational goals.
Forward-Looking Information
This news release contains statements that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements 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 such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the anticipated benefits of, and estimated revenue to be generated by, the master service agreement; (ii) the business plans and expectations of the Company; and (iii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs of management as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company's current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the anticipated benefits and revenues of the master service agreement to the Company; the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; meeting the continued listing requirements of the TSXV; and including, but not limited to, those factors set forth in the Company's Annual Information Form under the section "Risk Factors". Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
TSXV: VOL
Contact Details
Bruno Boucher
Senior VP Regulatory, International Markets, Volatus Aerospace
Managing Director Volatus Aerospace Europe AS
Bruno.boucher@volatusaerospace.com
SOURCE: Volatus Aerospace Corp.
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