Volatus Aerospace Secures Major Multi-Year Agreement with a Leading North American Power Utility to Provide Drone-Based Services
Volatus to provide remotely piloted aircraft system (“RPAS”) inspection, mapping, and data services across 100,000 miles of transmission and distribution lines
TORONTO, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQB: TAKOF) (FSE: ABB.F) (“Volatus” or the “Company”), is pleased to announce that it has entered into a multi-year agreement with one of North America’s largest electricity transmission and distribution utilities. Under the agreement, Volatus has been selected to provide remotely piloted aircraft system (“RPAS”) inspection, mapping, and data services across an extensive network of approx. 100,000 miles of transmission and distribution lines. The agreement is set through August 2028, with an option for a two-year extension. Under its terms, Volatus will provide line inspections, vegetation management, substation assessments, emergency storm response, and advanced data acquisition to enhance overall system reliability.
With this new contract, Volatus is positioned to capture a larger portion of the utility inspection market. Over its full term, the agreement is estimated to contribute revenues of CAD $15,000,000 at margins consistent with the Company’s normal margins for similar contracts.
“We are proud to be selected to support the safe and reliable operation of one of the continent’s most critical electricity grids,” said Glen Lynch, CEO of Volatus Aerospace. “This agreement reflects the increasing role of drones in utility asset management and provides Volatus with recurring opportunities to deliver value at scale.”
Volatus brings extensive experience to this engagement, having delivered recurring drone services for utilities and infrastructure clients across North America. The company has a proven track record of operational excellence, integrating next-generation technologies with deep regulatory expertise, enabling safe, scalable, and cost-effective solutions made possible by Volatus’ remote Operations Center in Vaughan, Ontario.
Regulatory and reliability standards require ongoing inspection of energy assets, creating a recurring demand for aerial inspection services. According to MarketsandMarkets, the global drone inspection and monitoring market is expected to grow from USD $11.6 billion in 2022 to USD $23.0 billion by 2027, representing a compound annual growth rate of 14.6%. (1) This growth is driven by utilities, energy, and infrastructure operators seeking safer, more efficient inspection methods. With assets like the remote-Operations Control Center coupled with drone-in-a-box technology, Volatus is poised to capture this market.
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.
Source(1): https://www.marketsandmarkets.com/PressReleases/drone-inspection-monitoring.asp
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 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 not limited to, those factors set forth in the Company's annual and quarterly management’s discussion and analysis filed on www.sedarplus.ca. 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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For more information, please contact:
Bill Mitoulas
Investor Relations
Volatus Aerospace Inc.
Email: billm@volatusaerospace.com | Phone: 416.479.9547
Rob Walker
Chief Commercial Officer
rob.walker@volatusaerospace.com
COMPANY WEBSITE
https://volatusaerospace.com
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