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Volatus Aerospace Corp
Symbol VOL
Shares Issued 122,905,077
Close 2023-09-15 C$ 0.205
Market Cap C$ 25,195,541
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Volatus enters services deal with Flyscan Systems

2023-09-18 12:06 ET - News Release

Mr. Ben Ruszkowski reports

VOLATUS AEROSPACE PARTNERS WITH FLYSCAN SYSTEMS TO AUTOMATE THE NEXT GENERATION OF AERIAL PIPELINE SURVEILLANCE FOR ITS OIL AND GAS CLIENTS

Volatus Aerospace Corp. and Flyscan Systems Inc. have entered into a services agreement through the company's subsidiary Synergy Aviation Ltd. Under the terms of the agreement, Synergy Aviation will install a Flyscan sensor pod on one of its aircraft as an important first step toward the full automation of airborne inspection services of critical pipeline infrastructure and right of ways.

Flyscan's state-of-the-art hyperspectral sensor pod and software enable automated airborne gas leak detection, including small liquid leaks, airborne photo documentation, right-of-way threat detection, terrain management, geo-hazard change detection and vegetation management. Its software platform enables Volatus to detect quickly and accurately what may not be visible to the human eye and other technologies, catching threats to the environment such as leaks and erosion. The addition of Flyscan's capabilities enhances the company's current abilities, providing more actionable and accurate data to clients than ever before.

"With this partnership, Volatus will be advancing toward the next generation of autonomous pipeline surveillance -- making the unseen, seen," said Ben Ruszkowski, chief operating officer of Synergy Aviation, a Volatus Aerospace company. "The challenges we face today, such as safety and environmental concerns, can be solved with the introduction of automated remote sensing, machine learning/AI enhanced capabilities, which we are uniquely qualified to offer with our partner Flyscan."

Volatus Aerospace, through its subsidiaries Synergy Aviation and Canadian Air National, has been conducting specialized aerial inspections and surveillance patrol flights throughout Canada since 2013 and recently announced an expansion into the U.S. pipeline market. Through a fleet of piloted aircraft and helicopters, and remotely piloted aircraft systems (drones), the company is striving to disrupt the market by utilizing state-of-the-art sensors and artificial intelligence for automating detection. The long-term goal for Volatus will be to ultimately install these sensors on medium-altitude, long-endurance drones to fully automate airborne ROW integrity management programs.

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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