TORONTO, ON / ACCESSWIRE / January 6, 2025 / Volatus Aerospace Inc. (TSXV:FLT)(OTCQX:TAKOF)(Frankfurt:A3DP5Y) ("Volatus" or "the Company") is pleased to announce the renewal and expansion of one of its major U.S.-based power utility inspection programs for 2025. This milestone reflects the company's growing presence in the energy utilities sector and its ability to deliver innovative aerial solutions that address the evolving needs of its customers.

With an increase of 17% in inspection requirements for 2025 from one of our major electric utility clients, this renewal underscores the confidence our clients have in Volatus' capacity to deliver consistent value, operational excellence, and customer satisfaction in a highly competitive market. Volatus' comprehensive end-to-end solutions continue to set the benchmark for efficiency and reliability in utility inspections, leveraging advanced aerial technologies to enhance asset monitoring and risk mitigation.

"This expansion validates our strategy to penetrate key industries such as energy utilities with a focus on comprehensive and innovative aerial solutions," said Glen Lynch, CEO of Volatus Aerospace. "We are committed to supporting our clients' operational goals while driving growth and strengthening our leadership in the sector."

To further accelerate growth in the energy utilities market, Volatus is pleased to welcome Richard Nasmith as Senior Vice President of Business Development. With over 30 years of leadership experience in sales, marketing, and business development - including significant contributions to the electric utility sector - Richard's expertise will play a pivotal role in advancing the company's strategic initiatives.

In his most recent role as Senior Vice President of Sales and Marketing, Richard was instrumental in delivering innovative aerial inspection and LiDAR mapping services to major power utilities across Canada, the United States, Australia, and New Zealand. His proven track record of driving growth and fostering client partnerships aligns seamlessly with Volatus' mission to deliver industry-leading solutions and exceptional customer outcomes.

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.

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.V

Media Contact

Danielle Gagne
Head of Marketing and Communications
danielle.gagne@volatusaerospace.com
+1-579-977-5066

SOURCE: Volatus Aerospace Corp.