Volatus Aerospace Group (“Volatus,” the “Company”) is pleased to announce that the Company has entered into an agreement with Avidrone Aerospace (“Avidrone”) for worldwide distribution rights of its fully autonomous, cargo delivery drones with payload capabilities ranging from 5lbs/2.3kg to 50lbs/23kg and ranges up to 100mi/160km.

This agreement forms a mutually beneficial partnership by positioning both companies to take advantage of the drone package delivery market, expected to reach $4.40 billion by 2025 according to the 2021 Drone Package Delivery Global Market Report published by Research and Markets.

“Through our partnership with Avidrone, we are excited to be able to offer fully-automated and commercialized cargo delivery solutions allowing us to provide equipment, solutions, and operator services to meet the needs of both civil and defense clients,” says Glen Lynch, Chief Executive Officer of Volatus. “While continuing to monitor expected regulatory changes and technology developments for last-mile deliveries in urban areas, our main focus is serving more immediate demands for cargo delivery opportunities to remote communities, heavy industrial sites, medical resupply, and offshore logistics.”

“Our heavy-lift, fully-automated drone technologies have been developed specifically to target automated cargo delivery applications and are already in service with defense and industrial users globally,” says Scott Gray, Founder and CEO of Avidrone Aerospace. “Volatus well understands this rapidly growing market and has demonstrated the motivation, operational capabilities, and resources needed to connect vast customer applications to the systems we provide now and open opportunities for our future platforms with even greater payload, range and capabilities.”

Volatus holds Transport Canada approval to conduct flights beyond visual line-of-sight (BVLOS) at various locations across Canada and commenced pilot training for BVLOS operations earlier this year. In addition, Partner Jet Inc., a strategic investment of Volatus and subject of a pending business combination transaction, has received a Special Flight Operations Certificate (SFOC) for BVLOS operations and an amended Canadian Transportation Agency License for cargo, allowing the group to offer commercial services with both manned and unmanned aircraft – a first in Canada.