VOLATUS AEROSPACE INC - TAKOF STOCK NEWS

Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF) has announced the integration of UK-based Air Data Systems (ADS) into its ecosystem. The transaction includes acquiring ADS's brand, website, domain, and a £5 million sales pipeline, structured with a success-fee model based on future contract outcomes.

Former ADS Managing Director Mark Currass joins Volatus as Executive Consultant for Global Business Development. ADS specializes in large-scale surveys and data acquisition for industrial applications, including asset management, inspection services, oil & gas, utilities, and environmental services.

The partnership enhances Volatus' capabilities in BVLOS operations, advanced thermography solutions, and geomatics services, with over 10,000 BVLOS flights completed.

Volatus Aerospace has been awarded the prestigious Energy Globe National Award in the Youth category for Canada for its Science Experiential Aerial Research (SEAR) Program. The program, led by VP Matthew Johnson, provides high school students with hands-on experience in machine learning and aerial intelligence collection using drones, focusing on environmental monitoring.

The SEAR Program has been successfully implemented across multiple Canadian provinces and recently expanded to Florida with 'The Litter Project'. The Energy Globe Award, one of the world's most respected environmental recognitions, saw approximately 2000 project submissions from 141 countries this year. As a national winner, Volatus' program will now compete in the Energy Globe World Award.

Volatus Aerospace has reported its Q3 2024 financial results, highlighting significant growth and operational achievements. The company generated revenues of $20.36M for the nine months ended Sept 30, 2024, with Q3 revenue at $6.62M. Key highlights include a 44% increase in service revenue from Q1 to Q3 2024, maintaining a 34% gross margin, and positive operating cash flow of $79,634.

The company successfully completed a merger with Drone Delivery Canada, realizing $2.1M in cost synergies within 60 days. Post-quarter, Volatus secured $15M in institutional financing from Investissement Québec and Export Development Canada, plus an additional $2.77M in equity financing. The company expanded operations in Europe, received BVLOS flight approvals, and continued growth in oil and gas, utility inspections, and LiDAR services.

Volatus Aerospace reported Q3 2024 financial results, highlighting revenue of $6.62M for the quarter and $20.36M for the nine months ended September 30, 2024. The company achieved a 34% gross margin and generated positive operating cash flow of $79,634. Service revenue increased by 44% from Q1 to Q3 2024, reaching $5.5M. The company completed a merger with Drone Delivery Canada and secured $17.77M in financing, including $15M from institutional investors. The comprehensive loss was $5.49M, impacted by depreciation, interest charges, and $1.5M in merger-related fees. Cost synergies of $2.1M were realized within 60 days of the merger, with expectations to exceed $3M in the next two quarters.

Volatus Aerospace has been awarded a grant of up to $75,000 from the DAIR Green Fund to develop and integrate an on-board 'detect and avoid' (DAA) system for drones. The technology, combined with the recently installed Kongsberg Geospatial's IRIS Terminal in its Operations Control Center, will enhance airspace awareness and enable safer beyond visual line of sight (BVLOS) operations. This development follows Volatus' recent merger with Drone Delivery Canada and aims to minimize ground-based human intervention while maintaining safety standards for complex drone operations.

Volatus Aerospace (TSXV:FLT.V)(OTCQX:TAKOF) announces key organizational changes and integration progress. The company appointed Omar Mourad, CFA, from Investissement Québec, to its Board of Directors, bringing private equity expertise. Greg Colacitti, a long-time Drone Delivery Canada employee and patent co-inventor, has been promoted to Chief Operating Officer, replacing Steve Magirias. The company also reports completing phase one of the post-merger integration between Volatus Aerospace Corp and Drone Delivery Canada ahead of schedule, supporting efforts to commercialize proprietary technologies and remote operations capabilities.

Volatus Aerospace has completed a private placement offering, raising $2.77 million through the sale of 19,766,000 units at $0.14 per unit. Each unit includes one common share and one warrant exercisable at $0.20 for 24 months. The company plans to use the proceeds for research and development, capital expenditures, inventory, and working capital. The offering was led by Ventum Financial Corp. and Cormark Securities Inc., with the company paying $193,706.80 in cash commission and issuing 1,383,620 compensation option units to the agents.

Volatus Aerospace and Kongsberg Geospatial have announced a strategic collaboration to enhance Beyond Visual Line of Sight (BVLOS) operations for Remotely Piloted Aircraft Systems. The partnership involves integrating Kongsberg's IRIS Terminal software into Volatus' Operations Control Center (OCC) to provide real-time airspace awareness. Volatus will test, validate, and demonstrate the IRIS Terminal functionality to potential clients. The collaboration aims to secure regulatory approvals across multiple jurisdictions and drive new revenue opportunities through enhanced BVLOS capabilities in sectors like public safety, energy, and infrastructure.

Volatus Aerospace has successfully completed a major drone solar farm inspection project covering 2,250 acres and over 762,750 solar panels across 16 solar fields and 1 large substation. The company employed RGB and infrared drones alongside handheld thermal cameras, utilizing AI-powered software for data analysis and anomaly detection. The project represents a significant opportunity in the solar energy market, which is projected to reach $300 billion USD by 2032 with a 17.3% CAGR from 2023-2032. The inspection was conducted as a final phase before transferring the solar fields to their owners.