- Drone stock Volatus Aerospace (TSXV:FLT) is up in early afternoon trading after Transport Canada granted the company a Special Flight Operations Certificate to conduct more complex Beyond Visual Line of Sight operations
- Volatus is a drone solutions company focused on cargo and intelligence using piloted and remotely piloted aircraft
- Volatus Aerospace stock has added 262.50 per cent year-over-year
Drone stock Volatus Aerospace (TSXV:FLT) is up in early afternoon trading after Transport Canada granted the company a Special Flight Operations Certificate (SFOC) to conduct more complex Beyond Visual Line of Sight (BVLOS) operations.
This content has been prepared as part of a partnership with Volatus Aerospace Inc., and is intended for informational purposes only.
Volatus will deploy MatrixSpace’s next-generation radar, capable of detecting smaller non-cooperative traffic such as other drones, and Kongsberg Geospatial’s IRIS Terminal airspace awareness and traffic management software, allowing the company to scale BVLOS operations into continuous, autonomous wide-area monitoring.
This combined offering opens Volatus up to serve a broader set of potential clients in the growing multi-billion-dollar drone-in-a-box market spanning the infrastructure, utilities, forestry, industrial and environmental sectors.
The new SFOC certification expands upon the company’s existing approval to conduct Canada-wide BVLOS operations in low-risk airspace, atypical airspace, high altitude, as well as at night.
Learn more about Volatus’ new certification and its technology partners in Wednesday’s news release.
Leadership insights
“This SFOC builds upon milestones such as Volatus’ approved BVLOS medical delivery operations at Halton Healthcare,” Glen Lynch, Volatus Aerospace’s chief executive officer (CEO), said in a statement. “With our partners, we are expanding these capabilities by integrating a lightweight and scalable detect-and-avoid system. This combination makes it practical to move from specialized projects into wide-scale deployments like drone-in-a-box networks, giving customers safe, reliable and scalable autonomous services.”
“We’re pleased to support Volatus with our IRIS Terminal platform as they expand advanced BVLOS operations,” commented Jordan Freed, president and managing director of Kongsberg Geospatial. “By integrating real-time airspace awareness into their Operations Control Center, Volatus is demonstrating how safe and scalable drone services can be delivered for commercial customers.”
“This approval represents a major step towards scalable autonomous drone operations,” added Greg Waters, co-founder and CEO of MatrixSpace. “Our compact radar technology is designed for exactly these kinds of applications, and Volatus is leading the way in bringing drone-in-a-box and automated services to the Canadian market.”
About Volatus Aerospace
Volatus is a drone solutions company focused on cargo and intelligence using piloted and remotely piloted aircraft.
Volatus Aerospace stock (TSXV:FLT) is up by 5.45 per cent on the news trading at C$0.58 as of 1:04 pm ET. The stock has added 262.50 per cent year-over-year.
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