Heraldo de Madrid - Volatus Aerospace Partners with DroneUp to Revolutionize North American Cargo Services with Advanced Drone Technology

This alliance enhances Volatus' robust cargo capabilities, following its merger with Drone Delivery Canada, by integrating DroneUp's commercial operating approval in the USA and their advanced technology solutions including:

• a certified cargo drone equipped with a winch delivery system, complementing Volatus' Canary delivery drone,

• a two-way locker system for autonomous package pickup and delivery. The locker system is climate-controlled and full secured, and

• an end-to-end proprietary Traffic Management system.

Together, Volatus and DroneUp will set new standards in logistics. The partnership aims to streamline drone-based cargo delivery services across North America, utilizing larger drones for beyond visual line of sight operations to enhance service reach and efficiency. Through established routes and special regulatory approvals and offering services that are crucial in both urban and remote areas, this collaboration will expedite the commercial viability of drone cargo operations. The initiative is set to improve safety and operational efficiencies, provide access to goods for underserved or inaccessible locations, reduce costs, and enhance environmental sustainability through reduced emissions.

"Volatus Aerospace is distinguished not just by its operational excellence, achieving over 10,000 remotely operated flights, but also by its profound commercial aviation expertise," stated Tom Walker, CEO of DroneUp. "Holding a Canadian Air Carrier license with authority for dangerous goods and possessing multiple special operating approvals, Volatus is exceptionally positioned to lead the logistics and cargo delivery sectors in this exciting new partnership."

"DroneUp brings a wealth of expertise and operating experience with its advanced package delivery technologies and its status as a licensed US air carrier," said Glen Lynch, CEO of Volatus Aerospace. "With their strong track record in urban delivery scenarios, DroneUp provides critical technologies and operational approvals that complement our own capabilities at Volatus. This synergy is pivotal for our strategy to enhance and expand our service offerings across North America."

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.

About DroneUp

DroneUp is revolutionizing the way organizations leverage drone technology, transforming operations such as logistic, border security, emergency response, and infrastructure monitoring. As the only drone systems integrator offering advanced proprietary, American-made systems, DroneUp delivers unmatched performance and tech innovation. Our innovative platforms meet rigorous aviation standards, including Part 135 and Continuous Airworthiness Maintenance Program (CAMP) compliance, ensuring reliability and excellence for mission-critical operations.

Forward-Looking Statements

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

Media Contact:

Danielle Gagne
Head of Marketing and Communications, Volatus Aerospace
+1 833-865-2887
[email protected]

SOURCE: Volatus Aerospace Corp.

J.Varela--HdM