News Release
Volatus Aerospace Signs Global Marketing and Distribution Contract for UAVTEK Drone Technologies
Volatus Aerospace Corp.
Volatus Aerospace Corp. (TSXV:VOL) (OTCQB:VLTTF) ("Volatus" or "the Company") is pleased to announce that it has signed a global marketing and distribution agreement with UAVTEK. UAVTEK is a respected UAV designer and manufacturer who supplies defence and public safety with innovative drone solutions. This week, the UAVTEK Ares and Bug will be presented at Booth 1307 at the AUVSI Xponential in Orlando. "UAVTEK has delivered remarkable UAV technologies to defence over the last few years, with hundreds deployed in the field. These technologies provide us with an opportunity to fulfill the demand for drone technologies designed and manufactured in NATO countries. The information captured by these drones is 100% protected - no data is recorded in the drone and because it uses military-grade radio it is less susceptible to electronic warfare," said Glen Lynch, CEO of Volatus. "We are thrilled to partner with the team at UAVTEK, and Steve Emerson, Volatus VP for Europe, Middle East, and Africa, will take the lead on expanding the products' footprint globally." Howard Humphries, CEO and Founder of UAVTEK, stated, "The strategic partnership with Volatus will allow us to focus on designing and building new technologies, and customizing solutions for new use cases. We have only scratched the surface of what is possible for drones working in the air, on land, and at sea. Volatus has the global marketing capabilities we need to increase our footprint globally. We look forward to strengthening our relationship and optimizing our efforts." The drones produced by UAVTEK are highly modular with many payloads available. All technologies share the same controller and the same battery type. The platforms are highly innovative and the drones have been field-tested in Lapland in -40C. Today they are deployed in both the Arctic and Africa. There is a full range of drones available from fixed-wing to nano. If you are attending AVUSI in Orlando, please visit Booth 1307 to learn more. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information 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 Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com
April 25, 2022 05:02 PM Eastern Daylight Time
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