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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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ORIGINAL: Volatus Aerospace Partners with Flyscan Systems to Automate the Next Generation of Aerial Pipeline Surveillance for Its Oil and Gas Clients

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

TORONTO, ON / ACCESSWIRE / September 18, 2023 / Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company")and Flyscan Systems., today announced that they have entered into a services agreement through the Company's subsidiary Synergy Aviation Ltd., and Flyscan Systems Inc. Under the terms of the agreement, Synergy Aviation will install a Flyscan sensor pod on one of its aircraft as an important first step towards 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 enables 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. Their software platform enables Volatus to detect quickly and accurately what may not be visible to the human eye and other technologies, catching threats to our 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, COO 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 US 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 AI for to automating detection. The long-term goal for Volatus will be to and ultimately install these sensors on medium altitude, long endurance drones to fully automate airborne ROW integrity management programs.

About Volatus Aerospace:

Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are 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.

About Flyscan:

Flyscan Systems Inc. is a market leader in airborne remote sensing and visual inspection automation. Its mission is to help energy companies and operators of linear critical infrastructure to better protect their assets, the public and the environment with a positive financial return. Headquartered in Quebec City, Canada, Flyscan serves the US market through its subsidiary Flyscan Systems Corporation.

Forward-Looking Information

This news release contains statements that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the anticipated benefits of, and estimated revenue to be generated by, the master service agreement; (ii) the business plans and expectations of the Company; and (iii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs of management as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company's current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the anticipated benefits and revenues of the master service agreement to the Company; the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; meeting the continued listing requirements of the TSXV; and including, but not limited to, those factors set forth in the Company's Annual Information Form under the section "Risk Factors". Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.


Contact Details

Ben Ruszkowski
Synergy Aviation / Volatus Aerospace
+1 780-706-6715

SOURCE: Volatus Aerospace Corp.

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