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Volatus Aerospace Inc
Symbol FLT
Shares Issued 448,643,201
Close 2024-11-06 C$ 0.125
Market Cap C$ 56,080,400
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Volatus Aerospace appoints Mourad as director

2024-11-07 15:41 ET - News Release

Ms. Danielle Gagne reports

VOLATUS AEROSPACE INC. CORPORATE UPDATE

Volatus Aerospace Inc. has provided a corporate update outlining recent developments aimed at strengthening leadership, accelerating commercialization and positioning for growth in aerial solutions.

New board appointment

The company is pleased to announce the appointment of Omar Mourad, CFA, director, private equity -- manufacturing and diversified product with Investissement Quebec, to the board of directors. Mr. Mourad brings extensive expertise in private equity and strategic investment, aligning with Volatus's vision for expansion and industry leadership.

Leadership changes: appointment of new chief operating officer

Volatus is pleased to announce that Greg Colacitti has been promoted to the position of chief operating officer, replacing Steve Magirias, who is no longer with the company. Mr. Colacitti, who has been with Drone Delivery Canada since 2014, most recently served as director of operations and is a co-inventor on all Drone Delivery Canada patents. His leadership approach and alignment with Volatus's postmerger objectives make him well suited to support the company's continued growth.

As previously announced, Rob Walker, will continue as chief commercial officer.

Progress on integration and commercialization efforts

Volatus is also pleased to report that phase one of the postmerger integration of Volatus Aerospace Corp. and Drone Delivery Canada is complete ahead of schedule. This progress supports the company's aggressive efforts to commercialize its proprietary technologies and remote operations capabilities, enabling Volatus to deliver an increasingly comprehensive range of aerial solutions to clients worldwide.

The company remains committed to driving technological advancement in the industry and delivering long-term value to shareholders.

About Volatus Aerospace Inc.

Volatus is a leader in innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, Volatus provides solutions for a wide array of industries, including oil and gas, energy utilities, public safety, and infrastructure. The company is committed to enhancing operational efficiency, safety and sustainability through cutting-edge aerial technologies.

We seek Safe Harbor.

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