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Volatus Aerospace Corp
Symbol VOL
Shares Issued 113,943,079
Close 2023-05-09 C$ 0.31
Market Cap C$ 35,322,354
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Volatus Aerospace becomes Velos Rotors partner

2023-05-09 16:40 ET - News Release

Mr. Glen Lynch reports

VOLATUS AEROSPACE BECOMES VELOS ROTORS PARTNER

Volatus Aerospace Corp. has become the exclusive distributor for Velos Rotors in the Americas. The partnership will support future growth for both companies as they provide a total end-to-end UAV (unmanned aerial vehicle) platform for industrial applications, including oil and gas, public safety, cargo delivery, and utility inspections.

"Volatus Aerospace is a global leader for drone solutions, and we look forward to the Velos V3 joining their fleet of UAV offerings for civil, commercial and public safety applications," said Velos Rotors chief executive officer Michael Seal.

The IP65-rated, fully redundant design of the Velos V3 allows for a high-capacity payload and multisensor options, making it a reliable UAV helicopter option. The design of the Velos V3 with its powerful twin-motor drive train and 40-kilometre control range offers reliability and scalability for any civil or commercial application. The payload-over-rotor (POR) option also allows for the addition of a ballistic parachute or other sensor options.

Glen Lynch, CEO for Volatus Aerospace, commented: "Our customers are looking for an efficient, reliable twin engine airframe. The Velos aircraft allows us to deepen our commitment to delivering the right aircraft and supplying customers with BVLOS capable platforms for their use in the cargo, inspection and public safety sectors."

About Volatus Aerospace Corp.

Volatus Aerospace is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety and defence markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as research and development, design, and manufacturing. Through its subsidiary, Volatus Aviation, Volatus is introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance.

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