Volatus Aerospace Welcomes UK-Based Air Data Systems to its Ecosystem, Expanding Global Capabilities
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 (TSXV:FLT, OTCQX:TAKOF) ha annunciato l'integrazione della società con sede nel Regno Unito Air Data Systems (ADS) nel suo ecosistema. La transazione include l'acquisizione del marchio di ADS, del sito web, del dominio e di un portafoglio di vendite di 5 milioni di sterline, strutturato con un modello di commissione basato sui risultati di futuri contratti.
L'ex Direttore Generale di ADS Mark Currass entra in Volatus come Consulente Esecutivo per lo Sviluppo Commerciale Globale. ADS si specializza in indagini su larga scala e acquisizione di dati per applicazioni industriali, inclusi la gestione degli asset, i servizi di ispezione, il settore petrolifero e del gas, le utilities e i servizi ambientali.
La partnership migliora le capacità di Volatus nelle operazioni BVLOS, nelle soluzioni avanzate di termografia e nei servizi geomatici, con oltre 10.000 voli BVLOS completati.
Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF) ha anunciado la integración de la compañía británica Air Data Systems (ADS) en su ecosistema. La transacción incluye la adquisición de la marca de ADS, su sitio web, dominio y un pipeline de ventas de 5 millones de libras, estructurado con un modelo de comisión basado en los resultados de futuros contratos.
El ex Director General de ADS Mark Currass se une a Volatus como Consultor Ejecutivo para el Desarrollo Comercial Global. ADS se especializa en encuestas a gran escala y adquisición de datos para aplicaciones industriales, incluyendo gestión de activos, servicios de inspección, petróleo y gas, servicios públicos y ambientales.
La asociación mejora las capacidades de Volatus en operaciones BVLOS, soluciones avanzadas de termografía y servicios de geomática, habiendo completado más de 10,000 vuelos BVLOS.
Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF)가 영국 기반의 Air Data Systems (ADS)를 자사의 생태계에 통합한다고 발표했습니다. 이번 거래에는 ADS의 브랜드, 웹사이트, 도메인 및 500만 파운드의 판매 파이프라인 인수가 포함되며, 이는 향후 계약 결과를 기반으로 한 성공 수수료 모델로 구조화되어 있습니다.
전 ADS 전무인 Mark Currass가 Volatus의 글로벌 사업 개발을 위한 전무 상담역으로 합류합니다. ADS는 자산 관리, 검사 서비스, 석유 및 가스, 유틸리티 및 환경 서비스 등 산업 응용 분야를 위한 대규모 조사 및 데이터 수집을 전문으로 합니다.
이번 파트너십은 BVLOS 운영, 고급 열화상 솔루션 및 지리정보 서비스에 대한 Volatus의 역량을 강화하며, 10,000회 이상의 BVLOS 비행을 완료했습니다.
Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF) a annoncé l'intégration de la société britannique Air Data Systems (ADS) dans son écosystème. La transaction comprend l'acquisition de la marque ADS, de son site web, de son domaine et d'un pipeline de ventes de 5 millions de livres, structuré selon un modèle de frais de succès basé sur les résultats des futurs contrats.
L'ancien directeur général d'ADS, Mark Currass, rejoint Volatus en tant que consultant exécutif pour le développement commercial mondial. ADS est spécialisée dans les enquêtes à grande échelle et l'acquisition de données pour des applications industrielles, y compris la gestion d'actifs, les services d'inspection, le pétrole et le gaz, les services publics et l'environnement.
Le partenariat renforce les capacités de Volatus dans les opérations BVLOS, les solutions avancées de thermographie et les services de géomatique, avec plus de 10 000 vols BVLOS réalisés.
Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF) hat die Integration des britischen Unternehmens Air Data Systems (ADS) in sein Ökosystem angekündigt. Die Transaktion umfasst den Erwerb der Marke von ADS, der Website, der Domain und einer Verkaufs-Pipeline im Wert von 5 Millionen Pfund, die nach einem erfolgsabhängigen Modell strukturiert ist, das auf zukünftige Vertragsabschlüsse basiert.
Der ehemalige Geschäftsführer von ADS, Mark Currass, tritt Volatus als Exekutivberater für die globale Geschäftsentwicklung bei. ADS spezialisiert sich auf großflächige Umfragen und Datenerhebung für industrielle Anwendungen, einschließlich Asset-Management, Inspektionsdienstleistungen, Öl und Gas, Versorgungsunternehmen und Umweltservices.
Die Partnerschaft verbessert die Fähigkeiten von Volatus in BVLOS-Operationen, fortschrittlichen Thermografie-Lösungen und Geomatik-Dienstleistungen, wobei über 10.000 BVLOS-Flüge abgeschlossen wurden.
- Acquisition of £5 million sales opportunity pipeline
- Strategic expansion into UK market
- Addition of experienced executive with industry expertise
- Success-fee based transaction structure minimizes upfront costs
- None.
TORONTO, ON / ACCESSWIRE / December 11, 2024 / Volatus Aerospace Inc. (TSXV:FLT)(OTCQX:TAKOF)(FSE:ABBA) is pleased to announce the integration of key assets and capabilities from Air Data Systems (ADS), based in the United Kingdom, marking a strategic expansion of its global aerial solutions ecosystem. This collaborative arrangement strengthens Volatus' position as a leader in aerial intelligence and logistics by opening doors to new opportunities and partnerships in critical industries.
ADS specializes in streamlining large-scale and complex surveys and data acquisition projects for industrial applications such as asset management, inspection services, oil & gas, utilities, and environmental services.
The transaction, structured with a success-fee model tied to future contract outcomes, aligns the interests of both organizations and highlights the significant potential of this collaboration. As part of this agreement, Volatus has acquired the ADS brand, website, and domain, along with a robust £5 million sales opportunity pipeline.
To further enhance this partnership, Mark Currass, former Managing Director of ADS, has joined Volatus Aerospace as Executive Consultant, Global Business Development. With decades of expertise in the UAS sector and a proven track record of delivering results, Mark will spearhead growth initiatives and leverage the combined capabilities of Volatus and ADS to unlock new markets and drive innovation.
"The integration of Air Data Systems into the Volatus ecosystem represents a powerful joining of forces," said Glen Lynch, CEO of Volatus Aerospace. "Mark's leadership and expertise, combined with the opportunities this partnership brings, will enable us to expand our global reach, strengthen our industry-leading capabilities, and deliver unmatched value to our clients in sectors such as oil and gas, power utilities, public safety, and agriculture."
This partnership also reinforces Volatus' extensive capabilities, including expertise in beyond visual line of sight (BVLOS) operations, advanced thermography solutions, and geomatics services. With over 10,000 BVLOS flights completed and an industry-leading operations control center, Volatus continues to set benchmarks for innovation and operational excellence.
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.
About Air Data Systems
Air Data Systems specializes in innovative Unmanned Aerial System (UAS) solutions, providing expert services across multiple industries. ADS brings decades of experience in technology, engineering, and regulatory compliance, now seamlessly integrated into Volatus Aerospace's global ecosystem.
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 assets did Volatus Aerospace (TAKOF) acquire from Air Data Systems?
How is the Air Data Systems acquisition deal structured for TAKOF shareholders?
What industries will TAKOF serve through the Air Data Systems integration?
How many BVLOS flights has Volatus Aerospace (TAKOF) completed?
Who joined Volatus Aerospace (TAKOF) from Air Data Systems?
