TORONTO, March 20, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A3DP5Y) ("Volatus" or "the Company"), a leading provider of aerial solutions, is excited to announce a new strategic partnership with RigiTech, a Swiss-based drone technology company. This collaboration aims to integrate RigiTech’s Eiger long-range delivery drone into Volatus' expanding drone delivery network, significantly enhancing its medical delivery capabilities across Canada and beyond.
The Eiger drone is known for its robust, tested design capable of carrying 3 kg payloads for up to 100 km. Equipped with advanced avionics and a safety recovery parachute, the Eiger is ideally suited for the longer-range delivery requirements of Volatus' medical delivery services.
"Integrating RigiTech’s Eiger drone into our operations enables us to extend our delivery distances opening up additional avenues for medical and rural delivery," said Glen Lynch, CEO of Volatus Aerospace. "The Eiger’s long-range delivery capacity and reliability perfectly complement our existing local delivery RPAS, the Canary, enabling us to meet the growing demand for timely and critical medical deliveries over extended distances. RigiTech is a great addition to our partner ecosystem."
Volatus currently operates two remotely operated drone delivery services—one in the Greater Toronto region and another in Edmonton, Alberta—with all flights managed remotely from its Operations Control Center in Vaughan. The addition of the Eiger drone will allow Volatus to broaden its service offering, adding range and catering to more remote and underserved locations across Canada and other developing markets.
"This collaboration with Volatus represents a significant step forward in our mission to transform logistics through drone technology," said Adam Klaptocz, CEO of RigiTech. "Volatus' extensive remote operating experience and sophisticated Operations Control Center provide the ideal infrastructure to showcase the Eiger’s capabilities on a large scale."
Learn More:
Volatus Aerospace will host an exclusive webinar titled: "Navigating Geopolitical Shifts & Strategic Partnerships for Future Growth"
Date: March 25, 2025 Time: 11:00 AM ET Location: Online (Registration required)
During the session, CEO Glen Lynch will discuss the strategic importance of strategic partnerships like these to strengthen Volatus’ position in the market and navigating geopolitical shifts. Investors, media, and industry professionals are invited to attend.
Volatus Aerospace is a leader in innovative global aerial solutions for intelligence and cargo. With a strong foundation of over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems (RPAS). We serve industries such as oil and gas, utilities, healthcare, and public safety. Our mission is to enhance operational efficiency, safety, and sustainability through cutting-edge, real-world solutions.
About RigiTech
Based in Switzerland, RigiTech is at the forefront of drone technology development, specializing in drones designed for logistics and delivery. The company focuses on creating drones that are not only efficient but also tailored to meet the specific needs of their clients, enhancing logistical operations worldwide.
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.
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