Volatus Aerospace Signs Sales Agency Agreement with Xer Technologies for Distribution in North America

TORONTO, ON / ACCESSWIRE / June 20, 2024 / Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company") signed a sales agency agreement with Xer Technologies to offer their heavy duty hybrid electric engine drones in North America on June 12, 2024. The Xer X8 UAV is designed to take on demanding industry applications such as right of way and asset inspections, search and rescue, wildfire and LiDAR and photogrammetry mapping and can fly for 2.5-hours with a 3 kg payload in adverse weather conditions.

"With the demand for longer missions from our oil and gas, energy utilities, and rail clients, the requirement of a drone with this type of endurance under regulation weight is essential," said Rob Walker, COO of Volatus Aerospace. "With 2.5 hours of flight time, this not only enables us to fly farther and longer with heavier payloads, but it makes the case more compelling for remote operations."

"We were drawn to Volatus' track record at helping OEMs bring their products to new markets both as service provider and as distributor," said Gökmen Çetin, International Sales Manager of Xer Technologies. "Their knowledge and industry penetration will put the Xer X8 directly in front of the relevant customers. We are excited about what we will accomplish together."

"There is a separation that needs to be filled between the smaller, enterprise level UAS drones used for today's visual line of sight operations and the larger, complex operations, which require greater endurance and additional payload capacity," explained Dean Attridge, VP of Solutions Engineering. "Xer X8 UAS addresses that need by providing a high-endurance heavy-duty solution that bridges that gap between traditional aviation and remotely piloted aircraft."

Volatus will be conducting demos beginning late July and showcasing the Xer X8 UAS at APSCON in Houston July 31^st to August 2^nd.

About Volatus Aerospace:

Volatus Aerospace Corp. is a leading international provider of aerial intelligence solutions, using drones and commercial aircraft. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. We are focused on introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance.

About Xer Technologies:

Xer Technologies AG (Switzerland) is dedicated to the development, production and marketing of customisable, heavy-duty Unmanned Aerial System (UAS) solutions. Xer enables its customers to generate actionable data insights to create a safer, more efficient and sustainable world. The Xer X8 UAV can be launched within 2 minutes and based on its unique hybrid-electric technologies, carries payload of more than 7 kg and can fly up to 2.5 hours under adverse weather conditions.

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: VOL

Contact Details

Dean Attridge
VP of Solutions Engineering, Volatus Aerospace
Dean.Attridge@volatusaerospace.com

Gökmen Çetin
International Sales Manager, Xer Technologies AG
+41-44-515-5937
info@xer-tech.com

SOURCE: Volatus Aerospace Corp.