Volatus Aerospace Receives Canadian Transportation Agency License for Drone Cargo Services
Toronto, Ontario
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February 15, 2023 07:00 AM Eastern Standard Time
Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce that the Company has been issued a Canadian Transportation Agency (CTA) License for domestic service, all-cargo aircraft. This license builds on the existing capabilities authorized by CTA licenses held by Volatus subsidiaries Partner Jet Inc. (Volatus Aviation) and Synergy Aviation.
The addition of this license allows the Company to build its drone cargo capability under the Volatus brand in preparation for the anticipated Transport Canada/FAA regulatory changes.
“Positioning Volatus with this license is an important step toward our long-term vision of drone cargo operations, when we are scheduled to take delivery of the first 3.8 tonne Natilus Kona uncrewed regional feeder aircraft (announced in a press release on January 25, 2022),” says Glen Lynch, CEO of Volatus Aerospace Corp. “It is still early days for large, commercial drone cargo and our primary revenues for the next few years will continue to come from data, analytics, intelligence and equipment sales.”
“Today, our cargo business is limited to smaller drones, which are practical for inter-island, remote areas, industrial sites, medical and offshore applications. These current use cases continue to build our experience and reputation as an operator of cargo drones,” added Michael Hill, Regional Director for Volatus.
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 Natilus:
Natilus was founded in 2016 to commoditize the air cargo transport industry by designing and manufacturing one of the world’s first autonomous aircraft for efficient and sustainable freight transport. This new fleet of blended wing body (BWB) autonomous freight aircraft will increase volume by 60% and lower costs by 60%, while reducing carbon emissions by 50%. Natilus aircraft use existing ground infrastructure and standard air cargo containers to produce an innovative turnkey solution for customers. The first in a family of aircraft, the Natilus Kona, is expected to carry up to 4.3 metric tonnes of freight, fly as far as 900 nautical miles, and cruise at 220 knots. To date, Natilus has an order book of $6B for 460+ aircraft. Volatus has the rights to the first aircraft production slot.
Forward-Looking Information
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Source: Volatus Aerospace Corp.
TSXV: VOL
Contact Details
Abhinav Singhvi
+1 514-447-7986
abhinav.singhvi@volatusaerospace.com
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