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Volatus Aerospace Secures Extension to Service Agreement with Canadian Government
FLTFleetCor(FLT) GlobeNewswire·2025-04-14 11:45

Core Insights - Volatus Aerospace Inc. has secured a one-year extension to its standing offer with the Canadian government, allowing it to provide UAV services until March 31, 2026 [1] - The extension follows the introduction of new BVLOS regulations, which are set to take effect on November 4, 2025, enabling advanced drone operations [2][3] - Volatus is positioned as a leader in the UAV industry, being the first service provider added to Canada's National Master Standing Offer in November 2020, and is qualified to handle multiple service streams [2] Company Overview - Volatus Aerospace is recognized for its innovative aerial solutions, leveraging over 100 years of combined aviation knowledge to serve various industries including oil and gas, utilities, healthcare, and public safety [4] - The company aims to enhance operational efficiency, safety, and sustainability through advanced aerial technologies [4] Regulatory Impact - The newly enacted BVLOS regulations represent a significant shift in the UAV industry, allowing for routine beyond visual line-of-sight operations, which will enhance Volatus' service delivery capabilities [3] - The company has also received authorization for nighttime BVLOS operations, further increasing its operational flexibility [2]