News ReleaseVolatus Aerospace Gets Funding by Research Manitoba and the Government of Manitoba to Expand Its Science Experiential Aerial Research (SEAR) Program
Volatus Aerospace Corp.
Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce the expansion of its Science Experiential Aerial Research (SEAR) Program in participating school divisions throughout Manitoba thanks to a grant provided by Research Manitoba with the support of the Government of Manitoba and additional funding from industry partners. The Company’s SEAR program is designed to partner high school students with industry to research unique alternatives to solving relevant community sustainability issues. For the two projects in Manitoba, Volatus will provide drones equipped with remote sensors to gather aerial data in targeted areas and apply machine learning analytics tools to identify the possible presence of Dutch Elm disease—a significant threat to the health of their urban tree canopy—and crop disease in specific crop varieties local to the region such as canola, lentils, and wheat. “This is an exciting project on so many levels,” said Glen Lynch, CEO of Volatus Aerospace. “Not only does it represent an investment in our youth, but the result will facilitate the early detection of Dutch Elm disease, a costly, deadly disease affecting all species of elm trees allowing for early treatment. Similarly, early detection of crop disease will allow our producers to protect valuable food stocks and preserve their yield.” A minimum of 195 high school students (grades 9-12) from Manitoba School Divisions will develop important STEAM (science, technology, engineering, arts, and mathematics) skills by working with Volatus. Through a comprehensive year-long program, students will take part in almost every stage of the scientific discovery process, culminating in a “Data Collection Field Day,” which will apply the skills learned throughout the year. During the Data Collection Field Day, students will collect aerial and ground-based data samples alongside researchers from the University of Winnipeg to assess the growth and health conditions of the targeted areas. Students will be encouraged to continue with the SEAR program, where they will be exposed to increasingly more complex aspects of drone and machine learning technologies. In addition, students will have the opportunity to work towards obtaining their Transport Canada Basic or Advanced RPAS pilot certificates throughout the program. The professional training and knowledge that students obtain from the program will enable them to pursue career opportunities in STEAM as well as the drone industry, aviation and aerospace. “This program has been a personal passion since we first launched it in 2021 with Seven Oaks School Division in Winnipeg,” said Matthew Johnson, Regional Vice President, Prairies & Director, Education for Volatus Aerospace. “Through these programs we are able to engage students in the process of solving real world problems while providing them with a learning opportunity usually limited to funded university-level programs.” Leveraged funding is $1,238,283 from project partners including $500,000 in Funding provided by Research Manitoba with financial support from the Government of Manitoba, contributions from Southport Aerospace, Winnipeg Airports Authority, Roquette, Integrated Crop Management Services, and additional support from the City of Winnipeg, and Manitoba Aerospace. 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 Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com
December 13, 2022 04:59 PM Eastern Standard Time
