Latest news with #GlenLynch
Hamilton Spectator
29-05-2025
- Business
- Hamilton Spectator
Volatus Releases Q1 2025 Financial Results
TORONTO, May 29, 2025 (GLOBE NEWSWIRE) — Volatus Aerospace Inc. (TSXV:FLT) (OTCQB:TAKOF) (Frankfurt:A3DP5Y/ABBA.F) ('Volatus' or 'the Company'), a leader in aerial solutions, is pleased to announce its financial results for the three months ended March 31, 2025 (Q1 2025). All dollar figures are stated in Canadian dollars, unless otherwise indicated. The Company generated revenues of $5,713,158 for the three months ended March 31, 2025, with a 32% gross margin. Adjusted EBITDA improved by 30%, or $402,004 between Q1 2024 and Q1 2025. The Company also and generated cash from operating activities of $1,448,565 in the quarter. Q1 2025 Financial Highlights: Q1 2025 Operational Highlights: Subsequent to Q1 2025 Operational Highlights: 'During Q1 2025, Volatus focused on navigating ongoing geopolitical challenges by diversifying our operations and securing key regulatory approvals, strategic steps that position us to convert a growing sales pipeline into realized revenue,' said Glen Lynch, CEO of Volatus Aerospace. 'As we enter the core flying season, we look forward to increasing operational efficiency through our Operations Command Centre, enabling us to better serve large enterprise and government clients while advancing toward profitability.' Webinar: In conjunction with this release, Volatus will host a webinar on Wednesday, June 2nd at 8:00 AM EST at which time Glen Lynch, Chief Executive Officer, and Abhinav Singhvi, Chief Financial Officer, will review financial results and major milestones with Danielle Gagne, Head of Corporate Communications as moderator. Investors are invited to register for the webinar here . Registration Link: Audio Replay Options: An audio replay of the event will be archived on the Investor Relations page of the company's website here . 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. Note Regarding Non-GAAP Measures: In this press release we describe certain income and expense items that are unusual or non-recurring. There are terms not defined by International Financial Reporting Standards (IFRS). Our usage of these terms may vary from the usage adopted by other companies. Specifically, gross profit, gross margin, and Adjusted EBITDA r Normalized EBITDA are undefined terms by IFRS that may be referenced herein. We provide this detail so that readers have a better understanding of the significant events and transactions that have had an impact on our results. Throughout this release, reference is made to 'gross profit,' 'gross margin,' and 'Adjusted EBITDA' which are non-IFRS measures. Management believes that gross profit, defined as revenue less operating expenses, is a useful supplemental measure of operations. Gross profit helps provide an understanding on the level of costs needed to create revenue. Gross margin illustrates the gross profit as a percentage of revenue. Adjusted earnings before interest, taxes, depreciation and amortization ('Adjusted EBITDA'). The Company defines Adjusted EBITDA as IFRS comprehensive loss excluding interest expense, depreciation and amortization expense, share-based payments, income tax expense, integration and due diligence costs, one time profit or loss (non-recurring), and impairment of goodwill, property, plant, and equipment and right-of-use assets (ROU). The Company believes that Adjusted EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. Readers are cautioned that these non-IFRS measures may not be comparable to similar measures used by other companies. Readers are also cautioned not to view these non-IFRS financial measures as an alternative to financial measures calculated in accordance with International Financial Reporting Standards ('IFRS'). Adjusted EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers and should not be construed as alternatives to comprehensive loss or income determined in accordance with IFRS. For more information with respect to financial measures which have not been defined by GAAP, including reconciliations to the closest comparable GAAP measure, see the 'Non-GAAP Measures and Additional GAAP Measures' section of the Company's most recent MD&A which is available on SEDAR. Forward-Looking Statement: 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 business plans and expectations of the Company; and (ii) 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 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 commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. CONTACT DETAILS Abhinav Singhvi Chief Financial officer +1 833-865-2887 COMPANY WEBSITE SOURCE: Volatus Aerospace Inc.
Yahoo
01-04-2025
- Business
- Yahoo
Volatus Aerospace to Present at the AI & Technology Virtual Investor Conference April 3rd
Volatus invites individual and institutional investors, as well as advisors and analysts, to attend online at VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc., (OTCQX: TAKOF) (TSXV: FLT) (Frankfurt: ABB), a leader in innovative aerial solutions, today announced that Glen Lynch, CEO of Volatus Aerospace will present live at the AI & Technology Virtual Investor Conference hosted by on April 3rd, 2025. This live presentation, led by CEO Glen Lynch, will cover Volatus' strategic growth plan, outline its initiatives for remotely piloted aircraft systems (RPAS) and piloted solutions, and detail recent partnerships aimed at accelerating the commercialization of its RPAS technologies, including Volatus' recent alliances with Kongsberg Geospatial, Dufour, RigiTech and Ondas Holdings. DATE: Thursday April 3, 2025 TIME: 10:00am EDTLINK: CLICK HERE TO REGISTER This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at Recent Volatus Highlights: Volatus Aerospace Granted National Approval for Nighttime Long-Distance Remote Drone Operations Volatus Aerospace Partners with RigiTech to Enhance Medical Delivery Services with Long-Range Drone Technology Volatus Aerospace Leads the Conversation: Navigating Geopolitical Shifts & Strategic Partnerships for Future Growth Volatus Aerospace and Ondas Holdings Forge Strategic Partnership to Elevate Border Surveillance with Advanced Drone Technologies About Volatus AerospaceVolatus 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. Connect with Volatus: Website About Virtual Investor Conferences®Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. CONTACTS: Volatus Aerospace Inc. Danielle GagneHead of Marketing and CommunicationsVolatus Aerospace Inc.+1 Bill MitoulasInvestor RelationsVolatus Aerospace Inc.+1.416.479.9547investorrelations@ Virtual Investor Conferences John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@
Associated Press
03-03-2025
- Business
- Associated Press
Volatus Aerospace and Draganfly Expand Collaboration to Service High-Value Geospatial Power Utility Customers
Toronto, ON and Saskatoon, SK, March 03, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX:TAKOF) (Frankfurt: ABB) ('Volatus') and Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) ('Draganfly') announced today a strategic collaboration to address rapidly growing global demand for the automation and digitization of geospatial data collection and analysis solutions for Utility Infrastructure. This teaming agreement builds on the previously announced collaboration agreement, harnessing Volatus' operational and regulatory capabilities, advanced sensor technology and Draganfly's advanced product, engineering, and integration capabilities. This expanded collaboration will engage high-profile global power and infrastructure providers to enhance efficiency and safety in power utility solutions. By combining Volatus' extensive experience in power utility inspections and right of way management with Draganfly's product and engineering capabilities, the partnership is positioned to offer a strong competitive advantage to support large Enterprise clients looking for an advanced end to end solution. 'As the demand for drone-based solutions continues to increase in multiple sectors, strategic collaborations are a key enabler to meet the diverse needs of clients without introducing unnecessary commercial risk,' Glen Lynch, CEO of Volatus Aerospace, stated. 'Industries need more than products, they need solutions. By combining Draganfly's advanced product platform with Volatus' deep domain expertise and operational and regulatory capabilities, we can provide clients with a complete solution to their challenges.' 'Partnering with Volatus Aerospace allows us to incorporate our advanced product platform of multiple interoperable drones into a complete solution for power utilities,' Cameron Chell, CEO of Draganfly, commented. 'The power utility industry is increasingly seeking advanced, safe, and efficient data acquisition methods, something we have designed from the ground up. This collaboration reinforces our commitment to providing cutting-edge solutions that meet the complex demands of today's power utilities while enhancing our market reach.' In a recent report, MarketsandMarkets estimates that the global market for utility asset management, which includes inspection services among other components, is projected to grow to USD 4.09 billion by 2026. This growth is driven by the increasing investments in grid modernization activities, the need for efficient and reliable power supply, and the integration of renewable energy sources into the grid. The collaboration is expected to deliver enhanced value to an identified client(s) that will ultimately contribute to the modernization of infrastructure management. About Volatus Aerospace Inc. 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. About Draganfly Inc. Draganfly Inc. is a pioneer in drone technology and systems, providing quality, cutting-edge UAV solutions, software, and AI systems to revolutionize operations across public safety, agriculture, industrial inspections, defense, and surveying. With over 24 years of innovation, Draganfly is recognized for its commitment to ingenuity, first-class service, and the ability to save time, money, and lives. For more information on Draganfly, please visit 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 collaboration 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 agreement to Draganfly; meeting the continued listing requirements of the TSXV and Draganfly meeting the continued listing requirements of the Canadian Securities Exchange and the Nasdaq; and including, but not limited to, those factors set forth in the Company's Annual Information Form under the section 'Risk Factors' and Draganfly's most recent filings in accordance with securities regulations in Canada on the SEDAR+ website at 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. None of the Canadian Securities Exchange, TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) or the Nasdaq accepts responsibility for the adequacy or accuracy of this news release. TSXV: FLT Media Contacts Public Relations, Draganfly
Yahoo
25-02-2025
- Business
- Yahoo
Volatus Aerospace and Ondas Holdings Forge Strategic Partnership to Elevate Border Surveillance with Advanced Drone Technologies
TORONTO and BOSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2JEQU) ("Volatus" or "the Company") and Boston-based Ondas Holdings Inc. (Nasdaq: ONDS) announced today a strategic partnership through Ondas' subsidiary, American Robotics, Inc. ('American Robotics'). Through this partnership, Volatus Aerospace will market and support American Robotics' Optimus System – a state-of-the-art, fully autonomous drone platform designed to provide persistent, 24/7 aerial security and intelligence. The Optimus System significantly enhances Volatus Aerospace's capabilities in providing integrated, full-scope Border Surveillance and Security Solutions that are essential to national security. This partnership will: Significantly enhance border security to detect and mitigate threats before they escalate with persistent remote aerial operations and emergency response. Target federal and provincial opportunities to provide security along the expansive 8,890-kilometer US – Canada border supported by the fully-automated Optimus System. Integrate the Optimus System with Volatus' Surveillance-as-a-Service offering drone and ground-based sensor infrastructure for truly remote, autonomous operations. "This strategic alliance empowers Volatus to significantly enhance our border surveillance and security solutions,' said Glen Lynch, CEO of Volatus Aerospace. 'By integrating the scalable, field-proven Optimus System with our remote operations, we are ready to meet evolving security and surveillance needs. The growing demand for autonomous border security solutions highlights the importance of this partnership.' Focused on addressing the increasing demand for advanced border surveillance, this collaboration leverages Volatus' sophisticated Operations Control Center (OCC) to maximize the potential of the Optimus System for both standalone and integrated, border security solutions across North America and other global markets. By integrating both air and ground security intelligence, this approach significantly enhances the ability to detect and mitigate threats before they escalate. "We are delighted to partner with Volatus, who consistently distinguish themselves as providers of highly sophisticated aerial intelligence and services to critical governmental, industrial and infrastructure markets,' Eric Brock, CEO of Ondas Holdings. 'We believe this collaboration, supported by Volatus' extensive sales, marketing and field support and services capabilities, will extend our market reach and accelerate market penetration for our Optimus System. We are particularly excited about Volatus' pursuit of programs to secure borders, where the deployment of autonomous drone infrastructure is an urgent need for many homeland security entities today." The Optimus System is designed for persistent aerial operations in the most challenging environments with proven autonomy and reliability allowing for scalable remote operations. Optimus automated battery and payload swapping capabilities enable uninterrupted availability and support multiple critical applications ranging from video surveillance to inspection and analysis utilizing a variety of integrated sensors including LIDAR. This partnership is set to transform the landscape of border surveillance, security, and critical infrastructure monitoring, integrating advanced aerial technologies including piloted and remotely piloted aircraft, along with ground-based sensor systems. This integrated package of aerial security capability, including the NDAA-compliant Optimus System is positioned to address the expansive 8,890 kilometer US – Canada border to revolutionize border security operations. Highlights of the Strategic Partnership: Purpose and Scope: The integration of the fully autonomous Optimus System bolsters Volatus' surveillance and security services across North America and beyond, enhancing capabilities in border protection and infrastructure monitoring. Technology Integration and Deployment: The partnership utilizes Volatus' Operations Control Center (OCC), combining piloted and remotely piloted aircraft with ground-based sensors and the sophisticated Optimus system to pioneer a robust surveillance-as-a-service model. This model promises unprecedented automated aerial monitoring capabilities. Market Development: Aimed at strategic expansion in Canada, the United Kingdom, and Africa, this collaboration enhances Volatus' global service offerings through its extensive network of sales professionals and opens new market opportunities for Ondas and American Robotics across critical infrastructure and industrial sectors including oil and gas and utilities. Training and Operational Support: Volatus will serve as a factory-authorized training center, ensuring top-tier operational and service support for the Optimus System, facilitated by its advanced OCC and dedicated support team. In the current international environment, the need for sovereign countries to protect and secure their borders has become increasingly critical. Challenges such as illegal immigration, drug trafficking, and weapons smuggling pose significant threats to national security and public safety. As these issues continue to escalate, there is a growing demand for advanced surveillance and security solutions that can provide comprehensive monitoring and rapid response capabilities. The strategic partnership between Ondas and Volatus Aerospace, leveraging the state-of-the-art Optimus System amongst a diverse fleet, addresses these pressing concerns by offering a robust, autonomous aerial platform designed to enhance border protection and ensure the integrity of national boundaries. Furthermore, the integration of emergency response capabilities within the Optimus System allows for a more effective response to identified threats. By providing real-time data and situational awareness, the system enhances the ability to mitigate risks swiftly and efficiently, ensuring a proactive approach to national security challenges. 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. About Ondas Holdings Inc. Ondas Holdings Inc. ("Ondas") is a leading provider of private wireless data solutions via Ondas Networks Inc. ("Ondas Networks") and commercial drone solutions through Ondas Autonomous Systems Inc. via its wholly owned subsidiaries American Robotics, Inc. ("American Robotics" or "AR") and Airobotics LTD ("Airobotics"), which we operate as a separate business unit called Ondas Autonomous Systems. Ondas Autonomous Systems Inc. (OAS) specializes in designing, developing, and marketing autonomous drone solutions via its two advanced drone platforms: the Optimus System, the world's first FAA-certified small UAS (sUAS) for aerial security and data capture, and the Iron Drone Raider, a counter-drone system designed to combat hostile drones. Both platforms are highly automated, AI-powered, and capable of continuous, remote operation for critical defense, infrastructure, industrial, and government applications. American Robotics and Airobotics have achieved industry-leading regulatory milestones, including the first-ever FAA Type Certification for the Optimus System and the first drone system approved by the FAA for automated beyond-visual-line-of-sight (BVLOS) operations without an on-site human operator. Ondas Networks, American Robotics and Airobotics together provide users in defense, homeland security, public safety and other critical industrial and government security and infrastructure markets with improved connectivity, situational awareness and data collection and information processing capabilities. Ondas Networks is a developer of proprietary, software-based wireless broadband technology for large established and emerging commercial and government markets. Ondas Networks' standards-based (802.16s), multi-patented, software-defined radio FullMAX platform enables Mission-Critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of today's legacy private licensed wireless networks. Ondas Networks' customer end markets include railroads, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands span a wide range of mission critical applications. Ondas Networks, American Robotics and Airobotics together provide users in defense, homeland security, public safety and other critical industrial and government security and infrastructure markets with improved connectivity, situational awareness and data collection and information processing capabilities. For additional information on Ondas Holdings, visit or follow Ondas Holdings on X formerly known as Twitter and LinkedIn. For additional information on Ondas Networks, visit or follow Ondas Networks on X and LinkedIn. For additional information on American Robotics, visit or follow American Robotics on X and LinkedIn. For additional information on Airobotics, visit or follow Airobotics on X and LinkedIn. For additional information on Ondas Autonomous Systems, follow us on LinkedIn. Information on our websites and social media platforms is not incorporated by reference in this release or in any of our filings with the U.S. Securities and Exchange Commission. 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 ContactsDanielle GagneHead of Marketing and Communications, Volatus Aerospace+1
Yahoo
25-02-2025
- Business
- Yahoo
Ondas and Volatus Aerospace Forge Strategic Partnership to Elevate Border Surveillance with Advanced Drone Technologies
Strategic partnership's multi-modal approach significantly enhances homeland security agencies' ability to detect and mitigate threats before they escalate, revolutionizing border security with persistent remote aerial operations and emergency response Volatus' extensive sales, marketing, field support, and services capabilities extend Ondas' market reach and accelerate market penetration for the Optimus System The Optimus System to be deployed as drone infrastructure for completely remote, autonomous operations providing aerial security and intelligence for sensitive locations, critical operations and assets BOSTON, MA AND TORONTO, ON / ACCESS Newswire / February 25, 2025 / Ondas Holdings Inc. (NASDAQ:ONDS) and Toronto-based Volatus Aerospace Inc. (TSXV:FLT) announced today a strategic partnership through Ondas' subsidiary, American Robotics, Inc. ("American Robotics"). Through this partnership, Volatus Aerospace will market and support American Robotics' Optimus System - a state-of-the-art, fully autonomous drone platform designed to provide persistent, 24/7 aerial security and intelligence. The Optimus System significantly enhances Volatus Aerospace's capabilities in providing integrated, full-scope Border Surveillance and Security Solutions that are essential to national security. "We are delighted to partner with Volatus, who consistently distinguish themselves as providers of highly sophisticated aerial intelligence and services to critical governmental, industrial and infrastructure markets," Eric Brock, CEO of Ondas Holdings. "We believe this collaboration, supported by Volatus' extensive sales, marketing and field support and services capabilities, will extend our market reach and accelerate market penetration for our Optimus System. We are particularly excited about Volatus' pursuit of programs to secure borders, where the deployment of autonomous drone infrastructure is an urgent need for many homeland security entities today." Focused on addressing the increasing demand for advanced multi-modal border surveillance, this collaboration leverages Volatus' sophisticated Operations Control Center (OCC) to maximize the potential of the Optimus System for both standalone and integrated, multi-modal security solutions across North America and other global markets. This multi-modal approach significantly enhances homeland security agencies' ability to detect and mitigate threats before they escalate. "This strategic alliance with Ondas via American Robotics empowers Volatus to significantly enhance our border surveillance and security solutions," said Glen Lynch, CEO of Volatus Aerospace. "By integrating the scalable and field proven Optimus System with our remote operations capability we are poised to meet the evolving demands for high-level security and surveillance across various sectors. The growing interest in remotely deploying scalable autonomous operations for border security further underscores the importance of our partnership in addressing these critical needs." The Optimus System is designed for persistent aerial operations in the most challenging environments with proven autonomy and reliability allowing for scalable remote operations. Optimus automated battery and payload swapping capabilities enable uninterrupted availability and support multiple critical applications ranging from video surveillance to inspection and analysis utilizing a variety of integrated sensors including LIDAR. We believe this partnership will transform the landscape of border surveillance, security, and critical infrastructure monitoring, integrating advanced aerial technologies including piloted and remotely piloted aircraft, along with ground-based sensor systems. This integrated package of aerial security capability, including the NDAA-compliant Optimus System is positioned to address the expansive 5,525-mile US - Canada border to revolutionize border security operations. Highlights of the Strategic Partnership: Purpose and Scope: The integration of the fully autonomous Optimus System bolsters Volatus' surveillance and security services across North America and beyond, enhancing capabilities in border protection and infrastructure monitoring. Technology Integration and Deployment: The partnership utilizes Volatus' Operations Control Center (OCC), combining piloted and remotely piloted aircraft with ground-based sensors and the sophisticated Optimus system to pioneer a robust surveillance-as-a-service model. This model promises unprecedented automated aerial monitoring capabilities. Market Development: Aimed at strategic expansion in Canada, the United Kingdom, and Africa, this collaboration enhances Volatus' global service offerings through its extensive network of sales professionals and opens new market opportunities for Ondas and American Robotics across critical infrastructure and industrial sectors including oil and gas and utilities. Training and Operational Support: Volatus will serve as a factory-authorized training center, ensuring top-tier operational and service support for the Optimus System, facilitated by its advanced OCC and dedicated support team. In the current international environment, the need for sovereign countries to protect and secure their borders has become increasingly critical. Challenges such as illegal immigration, drug trafficking, and weapons smuggling pose significant threats to national security and public safety. As these issues continue to escalate, there is a growing demand for advanced surveillance and security solutions that provide comprehensive monitoring and rapid response capabilities. The strategic partnership between Ondas and Volatus Aerospace, leveraging the state-of-the-art Optimus System amongst a multi-modal fleet, addresses these pressing concerns by offering a robust, autonomous aerial platform designed to enhance border protection and ensure the integrity of national boundaries. Furthermore, the integration of emergency response capabilities within the Optimus System allows for a more effective response to identified threats. By providing real-time data and situational awareness, the system enables swift and efficient risk mitigation, ensuring a proactive approach to national security challenges. About Ondas Holdings Holdings Inc. ("Ondas") is a leading provider of private wireless data solutions via Ondas Networks Inc. ("Ondas Networks") and commercial drone solutions through Ondas Autonomous Systems Inc. via its wholly owned subsidiaries American Robotics, Inc. ("American Robotics" or "AR") and Airobotics LTD ("Airobotics"), which we operate as a separate business unit called Ondas Autonomous Systems. Ondas Autonomous Systems Inc. (OAS) specializes in designing, developing, and marketing autonomous drone solutions via its two advanced drone platforms: the Optimus System, the world's first FAA-certified small UAS (sUAS) for aerial security and data capture, and the Iron Drone Raider, a counter-drone system designed to combat hostile drones. Both platforms are highly automated, AI-powered, and capable of continuous, remote operation for critical defense, infrastructure, industrial, and government applications. American Robotics and Airobotics have achieved industry-leading regulatory milestones, including the first-ever FAA Type Certification for the Optimus System and the first drone system approved by the FAA for automated beyond-visual-line-of-sight (BVLOS) operations without an on-site human operator. Ondas Networks, American Robotics and Airobotics together provide users in defense, homeland security, public safety and other critical industrial and government security and infrastructure markets with improved connectivity, situational awareness and data collection and information processing capabilities. Ondas Networks is a developer of proprietary, software-based wireless broadband technology for large established and emerging commercial and government markets. Ondas Networks' standards-based (802.16s), multi-patented, software-defined radio FullMAX platform enables Mission-Critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of today's legacy private licensed wireless networks. Ondas Networks' customer end markets include railroads, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands span a wide range of mission critical applications. Ondas Networks, American Robotics and Airobotics together provide users in defense, homeland security, public safety and other critical industrial and government security and infrastructure markets with improved connectivity, situational awareness and data collection and information processing capabilities. For additional information on Ondas Holdings, visit or follow Ondas Holdings on X formerly known as Twitter and LinkedIn. For additional information on Ondas Networks, visit or follow Ondas Networks on X and LinkedIn. For additional information on American Robotics, visit or follow American Robotics on X and LinkedIn. For additional information on Airobotics, visit or follow Airobotics on X and LinkedIn. For additional information on Ondas Autonomous Systems, follow us on LinkedIn. Information on our websites and social media platforms is not incorporated by reference in this release or in any of our filings with the U.S. Securities and Exchange Commission. About Volatus AerospaceVolatus 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 StatementsStatements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law. ContactsIR Contact for Ondas Holdings Inc.888-657-2377ir@ Media Contact for OndasEscalate PRondas@ Preston GrimesMarketing Manager, Ondas Holdings SOURCE: Ondas Holdings Inc. View the original press release on ACCESS Newswire
