00:47:25 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
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Volatus Aerospace Corp
Symbol VOL
Shares Issued 113,943,079
Close 2023-05-10 C$ 0.31
Market Cap C$ 35,322,354
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Volatus signs distribution deal with AEE Technology

2023-05-10 16:29 ET - News Release

Mr. Dean Attridge reports

VOLATUS AEROSPACE SIGNS AN EXCLUSIVE DISTRIBUTION AGREEMENT FOR AEE IN THE AMERICAS

Volatus Aerospace Corp. has signed an exclusive distribution agreement with AEE for the Americas with the intent to ultimately produce NDAA (National Defense Authorization Act) compliant versions of its products.

"We are excited to start working with AEE and bring their reliable, robust drones to commercial and public safety users," said Dean Attridge, vice-president of solutions engineering. "The Mach 4 and Mach 6 are built for everyday use. They can carry multiple payloads and conduct a large variety of missions in tough conditions."

The Mach 4 provides public safety users with a multipayload drone able to carry live audio loudspeakers, cameras, e-hook payload drop up to 10 pounds and tethered capabilities with incident illumination.

The Mach 6 flies up to 50 minutes and carries up to 33 lb. Equipped with collision avoidance and RTK (real-time kinematics), the Mach 6 can carry up to three simultaneous payloads, including e-hook capabilities.

"We are absolutely thrilled to be a global partner with Volatus Aerospace," said Ajay Zeng, global chief operating officer at AEE Technology. "Our expertise in commercial UAV design and manufacturing is an ideal match for Volatus Aerospace's world-class sales, marketing, distribution and customer service."

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.

We seek Safe Harbor.

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