News Release
Volatus Aerospace Introduces All-Terrain Robotic Crawler, Hydra
Volatus Aerospace Corp.
Today, Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") introduces the robotic crawler, Hydra. Outfitted with wear-resistant all-terrain treads and built on a solid metal chassis, the Hydra is a robotic crawler platform controlled with a rugged dual-screen remote and equipped with an easy-to-use customizable switch layout. Designed for use in a variety of applications with a wide range of payloads, it can handle challenging terrains and dangerous situations with ease, prioritizing the safety of human life. “The Hydra was built to withstand tough conditions, like those you would encounter at mining sites and wildfires,” explained Pedram Nowroozi, CTO of Volatus aerospace. “In fact, we began development on the Hydra based on a need from one of our mining clients. They wanted to be able to go into tight and rugged spaces with a LiDAR sensor for surveying and mapping projects that would otherwise be dangerous for their crew. We are proud of what we accomplished and very excited to be making these units available commercially.” “ According to Future Market Insights, smart mining technologies alone are predicted to reach $9 B by 2032 US with a CAGR of 14%,” said Glen Lynch, CEO of Volatus Aerospace. “The Hydra was designed to capture that market and has the capability to expand into other diverse markets like firefighting. In fact, we’ve already developed a model that can provide fire suppression so that firefighters can multiply their workforce when fighting complex and dangerous fires.” Customizable to fit client’s exact needs, the Hydra can handle up to 120 kilograms with a standard three-hour runtime in a 2-kilometer range, with optional upgrades to increase range, including a 5G 4 SIM LTE module and a larger 6-hour battery. Volatus’ mining client has already taken delivery of their first Hydra unit. The Company is now making it available to more clients as off the shelf or a specifically customized product. 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. 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 business plans and expectations of the Company; and (ii) 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 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 commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. 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. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Pedram Nowroozi +1 647-887-1448 pedram.nowroozi@volatusaerospace.com Company Website https://volatusaerospace.com
November 17, 2022 06:30 AM Eastern Standard Time
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