Volatus Aerospace Fulfills Demonstration Order with a G-20 Defense Organization
Rhea-AI Summary
Volatus Aerospace (TSXV: FLT) (OTCQX: TAKOF) has successfully completed a demonstration order for a G-20 nation's defense organization on April 23, 2025. The demonstration featured two critical mission profiles: a Tactical Intelligence, Surveillance, and Target Acquisition (ISTA) mission and a Long-Endurance Surveillance and Reconnaissance mission.
The company delivered two advanced drone systems: a fixed-wing VTOL drone for covert surveillance and a nano drone for discreet reconnaissance. Following successful trials, Volatus is positioned to be shortlisted for follow-on contracts with a potential value of up to USD $8 million. However, the process remains competitive with no guaranteed contract award.
Positive
- Successful completion of demonstration order for a G-20 defense organization
- Potential follow-on contracts worth up to USD $8 million
- Strategic expansion into defense sector with high-margin opportunities
- Demonstration of advanced drone capabilities meeting defense requirements
Negative
- No guarantee of contract award despite successful demonstration
- Highly competitive process for securing follow-on contracts
News Market Reaction
On the day this news was published, TAKOF declined 2.79%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Volatus Positioned as UAS Partner of Choice Following Successful Mission Testing
TORONTO, April 24, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A3DP5Y / ABBA.F) is pleased to announce the successful completion of a demonstration order for a leading defense organization from a G-20 nation on April 23, 2025. The demonstration involved two mission profiles critical to modern defense operations: a Tactical Intelligence, Surveillance, and Target Acquisition (ISTA) mission and a Long-Endurance Surveillance and Reconnaissance mission.
Under the terms of the order, Volatus delivered two advanced drone systems: a fixed-wing VTOL drone optimized for covert surveillance in contested environments, and a nano drone designed for visually discreet reconnaissance. Both platforms showcased the precision, endurance, and flexibility demanded by modern defense operations.
Following the successful trial and evaluation phase, Volatus anticipates being shortlisted for follow-on contracts with a potential total value of up to USD
“With increased defense modernization efforts across NATO and G-20 countries, we’re seeing significant demand for adaptable, mission-ready drone solutions,” said Glen Lynch, CEO of Volatus Aerospace. “This engagement marks a pivotal step in our evolution, from a commercial UAV leader to a trusted defense partner. Demonstrating our capabilities to such a prominent defense client reinforces our credibility in this sector and opens doors to long-term strategic partnerships.”
Volatus continues to expand its defense portfolio in response to shifting global security priorities and rising investment in unmanned systems by allied governments.
About Volatus Aerospace:
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.
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
Contact Details
Rob Walker
CCO, Volatus Aerospace
+1 833-865-2887
rob.walker@volatusaerospace.com
FAQ
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