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Volatus Aerospace Corp
Symbol VOL
Shares Issued 113,943,079
Close 2023-05-26 C$ 0.29
Market Cap C$ 33,043,493
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Volatus authorized to spray crops with drones in Canada

2023-05-30 08:46 ET - News Release

Mr. Reno Matthews reports

VOLATUS AEROSPACE RECEIVES CANADA-WIDE APPROVAL TO OPERATE HEAVY SPRAY DRONES FOR PRECISION AGRICULTURE

Volatus Aerospace Corp. has received a Transport Canada special authority to operate heavy crop-spraying drones weighing over 25 kilograms anywhere in Canada. This special authority enables pilots who are trained through Volatus Aerospace's training program, operating in compliance with Transport Canada's conditions outlined in the approval, to operate throughout Canada.

"The current advanced drone regulations in Canada restrict the flight of a remotely piloted aircraft weighing over 25 kg within national airspace. This approval permits Volatus Aerospace to operate a heavy crop-spraying drone, which has a maximum takeoff weight of 101 kg," explained Reno Matthews, director of regulatory compliance for Volatus Aerospace. "This unlocks our ability to offer compliant drone crop-spraying services across Canada for our precision agriculture clients."

Because of its ability to surgically target plants and provide unparalleled spray control, drone crop spraying has been increasingly adopted worldwide as a cost-efficient and greener method for maintaining crops.

"Using traditional methods, like crop-dusting aircraft, is not only costly but imprecise as healthy plants are treated with unnecessary chemicals alongside diseased ones. Drones use less product and can focus only on the plants that need treatment, making it a more-efficient, safer and cost-effective way to maintain crops," added John Johnstone, sales director for agriculture at Volatus Aerospace. "Consumers want less chemicals on their products, and it is better for the environment. It is the future of agriculture."

The dispersal of some chemicals is pending Health Canada approval; however, non-pesticide-type treatments are largely unrestricted today. Moreover, big agriculture companies, such as Bayer, are taking steps to help farmers benefit from these new technologies.

According to FACT.MR, the global drone-spraying services market is expected to reach a valuation of $213.7-million (U.S.) in 2023, and is predicted to accelerate at a combined annual growth rate of 24.7 per cent to top market size of $1,942.9-million (U.S.) by 2023. In Canada, primary farming consists of more than 189,000 farms covering 62.2 million hectares.

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 R&D (research and development), design and manufacturing. Through its subsidiary, Volatus Aviation, the company 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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