- Volatus Aerospace (TSXV:VOL) has launched Volatus Aerospace Europe AS to accelerate its expansion into the global market
- Based in Norway, the new subsidiary will manage the group’s activities in the region and drive access to important markets for aerial solutions in Europe and Africa
- Volatus Aerospace Europe is registered with the European Union, is a certified drone operator in Norway and will increase the privileges of its authorization within the E.U. Aviation Safety Agency’s existing and upcoming regulations
- Volatus Aerospace Corp. last traded at $0.25 per share
Volatus Aerospace (TSXV:VOL) has launched Volatus Aerospace Europe AS to accelerate its expansion into the global market.
Based in Norway, the new subsidiary will manage the group’s activities in the region and drive access to important markets for aerial solutions in Europe and Africa.
Volatus Aerospace Europe is registered with the European Union, is a certified drone operator in Norway and will increase the privileges of its authorization within the E.U. Aviation Safety Agency’s existing and upcoming regulations.
The company intends to leverage its experience operating in challenging environments in North America combined with its advanced remote operations ecosystem, including a fully operational remote operations centre, and aims to contribute to cost reductions and lower risks for customers.
“As an established drone operator with significant regulatory experience, it enhances our ability to operate beyond visual line of sight globally,” Volatus Aerospace’s CEO, Glen Lynch, said in a news release. “This accelerates our ability to commercialize the remote operations and logistics capabilities gained from our merger with Drone Delivery Canada.”
Right before the Labour Day long weekend, the Toronto-based company announced it had completed its merger of equals with Drone Delivery Canada (TSXV:FLT), which acquired all of Volatus’ shares and made it a wholly owned subsidiary,
Volatus Aerospace Corp. provides integrated aerial intelligence solutions, using drones and commercial aircraft. Volatus serves civil, public safety, and defence markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design and manufacturing.
Volatus Aerospace Corp. (TSXV:VOL) last traded at $0.25 per share and has risen 16.27 per cent higher since this time last year.
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(Top photo: Volatus Aerospace Corp.)