TORONTO, ON / ACCESSWIRE / December 18, 2024 / Volatus Aerospace Inc. (TSXV:FLT.V)(OTCQX:TAKOF)(Frankfurt: A3DP5Y) has signed a Memorandum of Understanding (MoU) with DroneAcharya Aerial Innovations Limited, marking the start of a collaboration to explore opportunities for introducing advanced drone technologies to India. This partnership lays the groundwork for bringing Volatus' cargo drone capabilities to the Indian market, including the potential for local manufacturing through DroneAcharya.
The collaboration combines Volatus' global expertise in drone delivery technologies with DroneAcharya's local insights and established market presence. As a technology partner, Volatus will provide its proprietary know-how and technical support, enabling DroneAcharya to develop solutions tailored to regional needs in logistics and other sectors.
"India represents a dynamic market for drone technology, and we are excited to partner with DroneAcharya to explore opportunities for introducing our cargo drones locally," said Glen Lynch, CEO of Volatus Aerospace. "This agreement reflects our shared interest in supporting the growth of India's drone ecosystem."
DroneAcharya's Founder and Managing Director, Prateek Srivastava, welcomed the collaboration, emphasizing its potential to advance India's drone industry. "We are thrilled to work with Volatus Aerospace to bring innovative drone solutions to the forefront and to contribute to the growing adoption of drones across multiple sectors."
This MoU reflects a mutual commitment to explore opportunities in the rapidly evolving drone ecosystem in India. By leveraging each other's strengths, the partnership aims to address logistical and operational challenges while supporting the development of drone-enabled services in the region.
About Volatus Aerospace Inc.
Volatus Aerospace Inc. delivers innovative global aerial solutions for intelligence and cargo using piloted and remotely piloted aircraft (RPAS/drones). With over 100 years of combined aviation expertise, Volatus provides comprehensive solutions to enhance safety, efficiency, and sustainability across industries such as oil and gas, utilities, healthcare, and public safety.
About DroneAcharya Aerial Innovations Limited
DroneAcharya Aerial Innovations Limited is a pioneer in the drone industry, offering a comprehensive suite of services, including drone surveying for mapping, 3D modeling, logistics, surveillance, and data processing. Recognized by the Directorate General of Civil Aviation (DGCA) as a Remote Pilot Training Organisation under Drone Rules, 2021, DroneAcharya is shaping India's drone training ecosystem while catering to diverse clientele through the sales of drones, components, and ancillary hardware across India and beyond.
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.
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TSXV: FLT.V
Media Contact
Danielle Gagne
Head of Marketing and Communications
danielle.gagne@volatusaerospace.com
+1-579-977-5066
SOURCE: Volatus Aerospace Corp.
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