TORONTO, ON / ACCESSWIRE / September 10, 2024 / Volatus Aerospace Inc. (TSXV:FLT, Financial)(OTCQX:TAKOF, Financial)(FRA:ABB, Financial) formerly Drone Delivery Canada ("DDC", "Volatus" or "the Company") today announced that it has received approval by Transport Canada to conduct drone cargo operations beyond the visual line of sight of the pilot (BVLOS) using ground-based technology to detect and avoid conflict with other aircraft on its DroneCare hospital route from Milton to Oakville in the Greater Toronto Area.
"This is a critical step forward in our mission to provide safe, reliable and efficient drone cargo services to communities everywhere. When this delivery program began, eight people were required to conduct this operation. As the project has evolved, we have been able to reduce the mission requirements from eight people to three, dramatically improving the commercial viability of this program. Without the key support received from Transport Canada in working towards this groundbreaking authorization, this may not have been possible," said Greg Colacitti, Director of Operations. "We strongly believe that drone delivery has the potential to revolutionize the way essential goods and services are delivered, and we are proud to be at the forefront of this exciting industry."
"This is a significant achievement not only for our company but for the entire drone delivery sector," said Glen Lynch, CEO for Volatus. "With BVLOS flights and dangerous goods transportation authorization, we can now take a giant leap forward in transforming the way healthcare supplies are transported, ensuring faster delivery times and enhancing overall patient care."
This milestone follows a January 9th, 2024 release from Drone Delivery Canada announcing partial BVLOS operations. Drone Delivery Canada Corp. acquired all of the shares of Volatus Aerospace Corp. in a merger of equals that was announced on August 30, 2024 (August 30 Merger of Equals) and subsequently changed its name to Volatus Aerospace Inc.
Background - DroneCare Program
Drone Delivery Canada (DDC) launched the 'Care By Air' project in November 2022 in response to the COVID-19 pandemic, initially partnering with Halton Healthcare and McMaster University to transport essential medical supplies across hospitals in Ontario. Over time, this initiative evolved into the 'DroneCare' service, providing a more scalable solution for healthcare logistics.
Key milestones include receiving approval from Transport Canada to transport dangerous goods and operate beyond visual line of sight (BVLOS). The project reached a significant point in January 2024, with the commercial operation of the DroneCare route, which reduced the number of field personnel and enabled the safe transport of critical healthcare materials such as patient samples. This evolution highlights DDC's expanding capabilities in healthcare logistics, driven by technological advancements and regulatory approvals.
About Volatus Aerospace:
Volatus Aerospace is a leader in innovative global aerial solutions for intelligence and cargo. With deep technological and subject matter expertise and over 100 years' worth of combined institutional knowledge in aviation, Volatus provides meaningful aerial solutions for end users across various industries using both piloted and remotely piloted aircraft systems (RPAS or drones). We are committed to enhancing operational efficiency, safety, and sustainability through innovative, real-world aerial solutions.
Explore our services and connect with us at http://www.volatusaerospace.com or https://dronedeliverycanada.com/ to learn more about how we can support your operational goals.
Media Contact:
Danielle Gagne
Head of Marketing and Communications
[email protected]
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.
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TSXV: FLT
SOURCE: Volatus Aerospace Corp.
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