Volatus Aerospace Secures Major Multi-Year Agreement with a Leading North American Power Utility to Provide Drone-Based Services
Volatus Aerospace (OTCQB: TAKOF) has secured a significant multi-year agreement with a major North American power utility to provide drone-based inspection services. The contract, extending through August 2028 with a potential two-year extension, covers approximately 100,000 miles of transmission and distribution lines.
The agreement, valued at CAD $15 million, encompasses line inspections, vegetation management, substation assessments, and emergency storm response services. This strategic contract positions Volatus to capture a larger share of the utility inspection market, which is projected to grow from $11.6 billion in 2022 to $23.0 billion by 2027, at a CAGR of 14.6%.
Volatus Aerospace (OTCQB: TAKOF) ha ottenuto un importante accordo pluriennale con una grande utility nordamericana per servizi di ispezione tramite droni. Il contratto, valido fino ad agosto 2028 con una possibile estensione di due anni, copre circa 100.000 miglia di linee di trasmissione e distribuzione.
L’accordo, del valore di CAD $15 million, comprende ispezioni delle linee, gestione della vegetazione, valutazioni delle sottostazioni e servizi di risposta alle emergenze durante le tempeste. Questo contratto strategico posiziona Volatus per aumentare la quota del mercato delle ispezioni per le utility, che si prevede crescerà da $11.6 miliardi nel 2022 a $23.0 miliardi entro il 2027, con un CAGR del 14,6%.
Volatus Aerospace (OTCQB: TAKOF) ha asegurado un acuerdo multianual significativo con una importante empresa eléctrica de América del Norte para servicios de inspección con drones. El contrato, vigente hasta agosto de 2028 con una posible extensión de dos años, cubre aproximadamente 100,000 millas de líneas de transmisión y distribución.
El acuerdo, valorado en CAD $15 millones, comprende inspecciones de líneas, manejo de vegetación, evaluaciones de subestaciones y servicios de respuesta ante tormentas. Este contrato estratégico posiciona a Volatus para captar una mayor cuota del mercado de inspecciones de utilities, que se espera crezca de $11.6 mil millones en 2022 a $23.0 mil millones para 2027, con una tasa de crecimiento anual compuesta (CAGR) de 14.6%.
Volatus Aerospace (OTCQB: TAKOF)는 북미의 주요 전력 공기업과 드론 기반 검사 서비스를 제공하는 중요한 다년 계약을 체결했습니다. 계약은 2028년 8월까지 유효하며 2년 연장이 가능하고, 약 100,000마일의 송전 및 배전 선로를 포함합니다.
계약 가치는 CAD $15 million이며, 선로 검사, 초목 관리, 변전소 평가, 그리고 폭풍 대응 서비스가 포함됩니다. 이 전략적 계약은 Volatus가 전력 유틸리티 검사 시장에서 점유율을 확대할 수 있게 하며, 이 시장은 2022년 $11.6십억에서 2027년 $23.0십억으로 성장할 것으로 예상되며 CAGR은 14.6%입니다.
Volatus Aerospace (OTCQB: TAKOF) a obtenu un accord important pluriannuel avec un important distributeur nord-américain pour des services d’inspection par drones. Le contrat, valable jusqu’au août 2028 avec une possible extension de deux ans, couvre environ 100 000 miles de lignes de transmission et de distribution.
Cet accord, d’une valeur de CAD $15 millions, comprend des inspections de lignes, la gestion de la végétation, des évaluations de postes et des services de réponse en cas de tempêtes. Ce contrat stratégique positionne Volatus pour capter une plus grande part du marché des inspections d’utilités, qui devrait passer de $11,6 milliards en 2022 à $23,0 milliards d’ici 2027, avec un TCA de 14,6%.
Volatus Aerospace (OTCQB: TAKOF) hat eine bedeutende mehrjährige Vereinbarung mit einem großen nordamerikanischen Versorgungsunternehmen für drohnenbasierte Inspektionsdienste gesichert. Der Vertrag läuft bis August 2028 mit einer möglichen zweijährigen Verlängerung und deckt ca. 100.000 Meilen von Übertragungs- und Verteilungsleitungen ab.
Die Vereinbarung im Wert von CAD $15 Millionen umfasst Leitungsprüfungen, Baumbeseitigung, Unterstationenbewertungen und Notfall-Sturmschutzdienste. Dieser strategische Vertrag positioniert Volatus, einen größeren Anteil am Markt für Utility-Inspektionen zu gewinnen, der voraussichtlich von 11,6 Milliarden USD im Jahr 2022 auf 23,0 Milliarden USD bis 2027 wächst, bei einer CAGR von 14,6%.
Volatus Aerospace (OTCQB: TAKOF) أبرمت اتفاقية مهمة طويلة الأجل مع شركة خدمات عامة كبرى في أمريكا الشمالية لتقديم خدمات فحص باستخدام الطائرات بدون طيار. العقد، الذي يمتد حتى أغسطس 2028 مع احتمال تمديده لمدة سنتين، يغطي حوالي 100,000 ميل من خطوط النقل والتوزيع.
وتقدر قيمة الاتفاقية بـ CAD $15 مليون، وتشمل فحص الخطوط، إدارة الغطاء النباتي، تقييمات المحطات الفرعية، وخدمات الاستجابة في حالات العواصف. هذه العقد الاستراتيجي يمكّنVolatus من الاستحواذ على حصة أكبر من سوق فحص المرافق، والذي من المتوقع أن ينمو من $11.6 مليار في 2022 إلى $23.0 مليار بحلول 2027، بمعدل نمو سنوي مركب قدره 14.6%.
Volatus Aerospace (OTCQB: TAKOF) 已与北美一家主要电力公用事业公司签订了一份重要的多年合约，提供基于无人机的检查服务。该合同有效期至2028年8月，如有需要可延长两年，覆盖大约100,000英里的输电与配电线路。
该合同价值为CAD $15 百万美元，包括线路检查、植被管理、变电站评估以及紧急风暴响应服务。这一战略性合约将使Volatus在公用事业检查市场中获得更大份额，该市场预计将从2022年的116亿美元增长至到2027年的230亿美元，年复合增长率为14.6%。
- None.
- Revenue recognition spread over multiple years rather than immediate impact
- Contract execution dependent on operational performance and reliability
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
“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
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.
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.
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
FAQ
What is the value of Volatus Aerospace's (TAKOF) new utility contract?
What services will Volatus Aerospace (TAKOF) provide under the utility agreement?
How long is Volatus Aerospace's (TAKOF) new utility service agreement?
What is the market size for drone inspection services in utilities?
Where will Volatus Aerospace (TAKOF) operate its drone services from?
