Volatus Aerospace Partners with DroneAcharya to Bring Advanced Drone Solutions to India
Volatus Aerospace (TSXV:FLT.V)(OTCQX:TAKOF) has signed a Memorandum of Understanding with DroneAcharya Aerial Innovations to explore opportunities in India's drone market. The partnership focuses on introducing Volatus' cargo drone technologies to India, including potential local manufacturing through DroneAcharya.
The collaboration combines Volatus' global expertise in drone delivery technologies with DroneAcharya's local market presence. As a technology partner, Volatus will provide proprietary know-how and technical support to develop solutions tailored to regional needs in logistics and other sectors.
Volatus Aerospace (TSXV:FLT.V)(OTCQX:TAKOF) ha firmato un Memorandum of Understanding con DroneAcharya Aerial Innovations per esplorare opportunità nel mercato dei droni in India. La partnership si concentra sull'introduzione delle tecnologie dei droni cargo di Volatus in India, inclusa la potenziale produzione locale tramite DroneAcharya.
La collaborazione unisce l'esperienza globale di Volatus nelle tecnologie di consegna dei droni con la presenza locale di mercato di DroneAcharya. In qualità di partner tecnologico, Volatus fornirà know-how proprietario e supporto tecnico per sviluppare soluzioni adattate alle esigenze regionali nella logistica e in altri settori.
Volatus Aerospace (TSXV:FLT.V)(OTCQX:TAKOF) ha firmado un Memorando de Entendimiento con DroneAcharya Aerial Innovations para explorar oportunidades en el mercado de drones de India. La asociación se centra en introducir las tecnologías de drones de carga de Volatus en India, incluida la posible fabricación local a través de DroneAcharya.
La colaboración combina la experiencia global de Volatus en tecnologías de entrega de drones con la presencia local de mercado de DroneAcharya. Como socio tecnológico, Volatus proporcionará conocimiento propietario y soporte técnico para desarrollar soluciones adaptadas a las necesidades regionales en logística y otros sectores.
Volatus Aerospace (TSXV:FLT.V)(OTCQX:TAKOF)는 DroneAcharya Aerial Innovations와 인도의 드론 시장에서의 기회를 탐색하기 위한 양해각서를 체결했습니다. 이 파트너십은 Volatus의 화물 드론 기술을 인도에 도입하는 데 주목하고 있으며, DroneAcharya를 통한 현지 생산 가능성도 포함됩니다.
이 협력은 드론 배송 기술에서 Volatus의 글로벌 전문성과 DroneAcharya의 현지 시장 존재감을 결합합니다. 기술 파트너로서 Volatus는 물류 및 기타 분야의 지역적 요구에 맞춘 솔루션 개발을 위해 독점적인 노하우와 기술 지원을 제공할 것입니다.
Volatus Aerospace (TSXV:FLT.V)(OTCQX:TAKOF) a signé un Memorandum of Understanding avec DroneAcharya Aerial Innovations pour explorer des opportunités sur le marché indien des drones. Le partenariat vise à introduire les technologies de drones de fret de Volatus en Inde, y compris une éventuelle fabrication locale via DroneAcharya.
Cette collaboration combine l'expertise mondiale de Volatus dans les technologies de livraison par drone avec la présence locale de DroneAcharya sur le marché. En tant que partenaire technologique, Volatus fournira son savoir-faire propriétaire et un soutien technique pour développer des solutions adaptées aux besoins régionaux dans la logistique et d'autres secteurs.
Volatus Aerospace (TSXV:FLT.V)(OTCQX:TAKOF) hat ein Memorandum of Understanding mit DroneAcharya Aerial Innovations unterzeichnet, um Möglichkeiten im indischen Drohnenmarkt zu erkunden. Die Partnerschaft konzentriert sich auf die Einführung von Volatus' Frachtdrohnentechnologien in Indien, einschließlich potenzieller lokaler Fertigung durch DroneAcharya.
Die Zusammenarbeit verbindet Volatus' globale Expertise in Drohnenliefersystemen mit der lokalen Marktpräsenz von DroneAcharya. Als Technologiepartner wird Volatus proprietäres Know-how und technische Unterstützung bereitstellen, um Lösungen zu entwickeln, die auf die regionalen Bedürfnisse in der Logistik und anderen Sektoren zugeschnitten sind.
- Strategic entry into India's drone market through established local partner
- Potential for local manufacturing capabilities in India
- Technology transfer agreement expanding global market presence
- MoU is non-binding and exploratory in nature
- No immediate revenue impact disclosed
- Implementation timeline and financial terms not specified
TORONTO, ON / ACCESSWIRE / December 18, 2024 / Volatus Aerospace Inc. (TSXV:FLT.V)(OTCQX:TAKOF)(Frankfurt: A3DP5Y) has signed a Memorandum of Understanding (MoU) with DroneAcharya Aerial Innovations Limited, marking the start of a collaboration to explore opportunities for introducing advanced drone technologies to India. This partnership lays the groundwork for bringing Volatus' cargo drone capabilities to the Indian market, including the potential for local manufacturing through DroneAcharya.
The collaboration combines Volatus' global expertise in drone delivery technologies with DroneAcharya's local insights and established market presence. As a technology partner, Volatus will provide its proprietary know-how and technical support, enabling DroneAcharya to develop solutions tailored to regional needs in logistics and other sectors.
"India represents a dynamic market for drone technology, and we are excited to partner with DroneAcharya to explore opportunities for introducing our cargo drones locally," said Glen Lynch, CEO of Volatus Aerospace. "This agreement reflects our shared interest in supporting the growth of India's drone ecosystem."
DroneAcharya's Founder and Managing Director, Prateek Srivastava, welcomed the collaboration, emphasizing its potential to advance India's drone industry. "We are thrilled to work with Volatus Aerospace to bring innovative drone solutions to the forefront and to contribute to the growing adoption of drones across multiple sectors."
This MoU reflects a mutual commitment to explore opportunities in the rapidly evolving drone ecosystem in India. By leveraging each other's strengths, the partnership aims to address logistical and operational challenges while supporting the development of drone-enabled services in the region.
About Volatus Aerospace Inc.
Volatus Aerospace Inc. delivers innovative global aerial solutions for intelligence and cargo using piloted and remotely piloted aircraft (RPAS/drones). With over 100 years of combined aviation expertise, Volatus provides comprehensive solutions to enhance safety, efficiency, and sustainability across industries such as oil and gas, utilities, healthcare, and public safety.
About DroneAcharya Aerial Innovations Limited
DroneAcharya Aerial Innovations Limited is a pioneer in the drone industry, offering a comprehensive suite of services, including drone surveying for mapping, 3D modeling, logistics, surveillance, and data processing. Recognized by the Directorate General of Civil Aviation (DGCA) as a Remote Pilot Training Organisation under Drone Rules, 2021, DroneAcharya is shaping India's drone training ecosystem while catering to diverse clientele through the sales of drones, components, and ancillary hardware across India and beyond.
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.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
TSXV: FLT.V
Media Contact
Danielle Gagne
Head of Marketing and Communications
danielle.gagne@volatusaerospace.com
+1-579-977-5066
SOURCE: Volatus Aerospace Corp.
View the original press release on accesswire.com
FAQ
What is the purpose of Volatus Aerospace's MoU with DroneAcharya for TAKOF stock?
How will the TAKOF partnership with DroneAcharya benefit India's drone industry?
What manufacturing capabilities will TAKOF develop in India through DroneAcharya?
What technology transfer is included in the TAKOF-DroneAcharya partnership?
