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Volatus Aerospace Inc V.FLT

Alternate Symbol(s):  TAKOF

Volatus Aerospace Inc. is a consolidator and integrator of aerial intelligence and logistics solutions. It provides meaningful aerial solutions for end users across various industries using both piloted and remotely piloted aircraft systems. Its services include drone services quote, aerial surveillance, cargo solutions, confined space inspections, drone lidar inspections, drone inspection services, and wildfire services. It provides lidar scanning data acquisition and reality capture services. It integrates the aerial, terrestrial, bathymetric, and subsurface data collection technology and techniques with GIS, 3D, AutoCAD, and lidar software, allowing it to provide intuitive and cost-effective deliverables. Its fleet conducts thorough surveillance operations, ensuring that clients' assets are protected and monitored with precision. It delivers full-scale aerial solutions across a diverse range of industries, including agriculture, construction, energy, public safety, and others.


TSXV:FLT - Post by User

Post by InvestForceon Nov 04, 2021 8:09pm
249 Views
Post# 34089734

New Commercialization Site; Condor; next generation Sparrow

New Commercialization Site; Condor; next generation SparrowSome very important news. New site for commercialization and planning with customers, with entry of Condor soon and next generation Sparrow.

DRONE DELIVERY CANADA ANNOUNCES OPENING OF COMMERCIALIZATION CENTRE (CNW

Group/Drone Delivery Canada Corp.)

The Commercialization Centre is on approximately 100 acres west of the Company's main office and

will be operational in November. DDC will maintain a permanent facility there with dedicated staff

and will scale with Company growth.

The Condor is currently the Company's largest drone with an expected range of 200km (124mi) and

a payload capacity of 180kg (396lb) and is fully integrated with the Company's patented and awardwinning

FLYTE software system.

"With the ongoing successful testing of our Condor delivery drone and as we work towards its

commercialization, this location will facilitate engineering testing, pre customer delivery verification,

customer demonstrations, customer & employee training, and maintenance of Condor drones, as

well as for future drone platform enhancements and modifications for an anticipated diverse range of

future applications, potentially to include inspection and data collection services. The new

Commercialization Center will bring lasting commercial benefits across the whole organization," said

Michael Zahra, President & CEO of DDC.

Additionally, first test flights of the next generation Sparrow drone are expected to commence in

November. It is expected to have a range of 30km and a payload capacity of 4.5kg, along with next

generation motor technology, next generation battery technology, touchless cargo drop functionality,

an optional public announcement system and an optional aircraft parachute. This new functionality is

expected to further unlock potential customer use-cases and facilitate future flights over people to

open up new, commercially addressable future markets in urban and residential areas for B2B and

also B2C retail residential deliveries.

The current version Sparrow continues to commercially operate successfully at current customer

projects and will continue to be available to future customers. As previously announced, the

Company will look to complete the Robin XL commercialization as future market demands may

indicate.

The Company's turnkey logistics solution is marketed in a managed service SaaS business model in

Canada and as a licensed managed service internationally.

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