Volatus Aerospace Expands Pipeline Inspection with Acquisition of Canadian Air National
Volatus Aerospace Corp.
Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce the acquisition of Canadian Air National, a commercial aircraft operator specializing in contracted pipeline inspections for the oil and gas industry. Seth Moffat, President and CEO of Canadian Air National, will continue to lead the company. "The oil and gas sector has enormous growth potential as drone and AI-enhanced solutions are added to the mix of traditional crewed aircraft providing aerial patrol and inspections," says Luc Masse, Volatus Executive Vice President. "We are looking forward to supporting Seth and his team. They are a welcome addition to Volatus. Seth is a well-respected aviation professional who pilots for a major national airline in addition to being Vice Chair of the Flight Operations Specialist Group with the Royal Aeronautical Society." Seth Moffat stated: “I am exceptionally proud of the quality air operator that Canadian Air National has become, and recognize Volatus Aerospace as the right opportunity for future growth, development and technological advancement. The strength that Volatus brings to the company will significantly benefit our clients moving forward and ensure Canadian Air National remains part of the Canadian aviation landscape for years to come.” Canadian Air National is organized to conduct airborne inspections and patrols in Canada and the USA. Volatus intends to use this new capability to supplement and expand larger drone project opportunities. Wherever possible, Volatus will dronify operations to improve efficiencies. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. 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Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 514-447-7986 firstname.lastname@example.org Company Website https://volatusaerospace.com
May 04, 2022 07:45 AM Eastern Daylight Time