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Volatus Aerospace Inc
Symbol FLT
Shares Issued 725,838,256
Close 2026-07-21 C$ 0.50
Market Cap C$ 362,919,128
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Volatus Aerospace signs MOU with Concordia University

2026-07-21 20:04 ET - News Release

Mr. Rob Walker reports

VOLT-AGE, CONCORDIA RESEARCH PROGRAM AND VOLATUS AEROSPACE JOIN FORCES TO ADVANCE ENERGY TECHNOLOGIES FOR UNCREWED AIRCRAFT SYSTEMS

Concordia University, through its Volt-Age research program, and Volatus Aerospace Inc. have signed a memorandum of understanding (MOU) that establishes a strategic framework for collaboration on energy technologies for uncrewed aircraft systems (UAS).

The agreement reflects a shared commitment to combining academic research, operational testing and industry expertise to accelerate the development, validation and commercialization of Canadian technologies for the next generation of civil, commercial and strategic drone platforms. The partners will also explore opportunities for applied research, technology demonstration, talent development and jointly financed strategic initiatives.

At the heart of the collaboration is a shared ambition to strengthen Canada's technological sovereignty in a sector that is becoming increasingly important for critical infrastructure, public safety, environmental monitoring, Arctic operations and dual-use applications. By supporting the development of a more resilient Canadian supply chain for strategic drone components, the partners aim to advance domestic innovation while reducing reliance on foreign entities of concern.

The memorandum of understanding establishes a framework for identifying and pursuing collaborative research, validation and technology demonstration projects involving researchers, students, industry partners and public-sector organizations. Specific projects and implementation activities will be governed by separate agreements as opportunities arise.

"Canada has the scientific expertise, aerospace experience and industrial capability required to lead in the development of next-generation uncrewed systems. By connecting Volt-Age's research capabilities with Volatus's operational, testing and manufacturing infrastructure, we can help move promising energy technologies from the laboratory into real-world aircraft and operational environments. This collaboration supports our broader objective of building sovereign, Canadian-developed capabilities for commercial, public safety and strategic applications," stated Glen Lynch, chief executive officer, Volatus Aerospace.

"Volt-Age was created to accelerate the development of the technologies that will power Canada's energy transition. This collaboration with Volatus perfectly reflects our approach: bringing together researchers, industry and institutional partners to transform scientific excellence into innovations that address Canada's strategic needs. Together, we aim to create an environment where next-generation energy technologies for unmanned aircraft systems can be developed, tested and ultimately commercialized in a dual approach," stated Dr. Tim Evans, vice-president, research and innovation, Concordia University.

About Volatus Aerospace Inc.

Volatus Aerospace is a Canadian-controlled global aerospace and defence company delivering integrated uncrewed systems, aerial intelligence and mission-critical operational services. The company provides unmanned aerial systems, aerial intelligence services, autonomy software and advanced training solutions supporting civil infrastructure, public safety and defence markets.

About Concordia University

As a next-generation university, Concordia reimagines the future of higher education. Concordia's innovative approach to experiential learning and cross-functional research benefits its 50,000 students.

Located in vibrant Montreal on the traditional lands of the Kanien'keha:ka Nation, Concordia has consistently ranked as a top young university in North America. Concordia strives to be socially responsible and create a more equitable and sustainable world.

We seek Safe Harbor.

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