Volatus Aerospace Group Expands into Drone Cargo Market Partnership with Avidrone Aerospace unlocks the future of drone cargo services
Toronto, Ontario
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November 16, 2021 05:14 PM Eastern Standard Time
Volatus Aerospace Group (“Volatus,” the “Company”) is pleased to announce that the Company has entered into an agreement with Avidrone Aerospace (“Avidrone”) for worldwide distribution rights of its fully autonomous, cargo delivery drones with payload capabilities ranging from 5lbs/2.3kg to 50lbs/23kg and ranges up to 100mi/160km.
This agreement forms a mutually beneficial partnership by positioning both companies to take advantage of the drone package delivery market, expected to reach $4.40 billion by 2025 according to the 2021 Drone Package Delivery Global Market Report published by Research and Markets.
“Through our partnership with Avidrone, we are excited to be able to offer fully-automated and commercialized cargo delivery solutions allowing us to provide equipment, solutions, and operator services to meet the needs of both civil and defence clients,” says Glen Lynch, Chief Executive Officer of Volatus. “While continuing to monitor expected regulatory changes and technology developments for last-mile deliveries in urban areas, our main focus is serving more immediate demands for cargo delivery opportunities to remote communities, heavy industrial sites, medical resupply, and offshore logistics.”
“Our heavy-lift, fully-automated drone technologies have been developed specifically to target automated cargo delivery applications and are already in service with defence and industrial users globally,” says Scott Gray, Founder and CEO of Avidrone Aerospace. “Volatus well understands this rapidly growing market and has demonstrated the motivation, operational capabilities, and resources needed to connect vast customer applications to the systems we provide now and open opportunities for our future platforms with even greater payload, range and capabilities.”
Volatus holds Transport Canada approval to conduct flights beyond visual line-of-sight (BVLOS) at various locations across Canada and commenced pilot training for BVLOS operations earlier this year. In addition, Partner Jet Inc., a strategic investment of Volatus and subject of a pending business combination transaction, has received a Special Flight Operations Certificate (SFOC) for BVLOS operations and an amended Canadian Transportation Agency License for cargo, allowing the group to offer commercial services with both manned and unmanned aircraft – a first in Canada.
About Volatus Aerospace:
Volatus Aerospace is a leading provider of integrated drone solutions. Operating a vast pilot network with offices throughout Canada, the United States, and South America, Volatus provides enterprise and industrial solutions including training, equipment sales & support, imaging & inspection services, drone cargo solutions, design & manufacture, and research & development. With a rapidly expanding network of strategic partnerships and acquisitions, Volatus is driving the full potential of UAV technologies around the world and shaping the industry of tomorrow.
This news release includes certain forward-looking statements that are based upon the current expectations of management of Volatus Aerospace Corp. Forward-looking statements involve risks and uncertainties associated with the business of Volatus Aerospace Corp. and Avidrone and the environment in which their businesses operate. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking. For example, statements set out in this news release relating to the planned business activities, roadmap and timeline for Avidrone products, the anticipated benefits and potential market opportunities are all forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are outside of the control of Volatus Aerospace Corp, that could cause actual results or events to differ materially from current expectations. The business from Avidrone products may not evolve and grow as anticipated, products or services may not gain market acceptance or existing or changing regulatory requirements may delay or, in the worst case, eliminate the expected market opportunity. Except as required by law, Volatus Aerospace Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
Contact Details
Volatus Aerospace Corp.
Rob Walker
+1 514-447-7986
rob.walker@volatusaerospace.com
Volatus Technologies
Andy Buck
+1 514-447-7986
andy.buck@volatusaerospace.com
Company Website
