Volatus Aerospace Ranks as the Second Top Growing Canadian Company by The Globe and Mail

TORONTO, ON / ACCESSWIRE / October 1, 2024 / Volatus Aerospace Inc. (TSXV:FLT)(OTCQX:TAKOF)(Frankfurt:A3DP5Y/ABBA.F) has been ranked second on the 2024 Canada's Top Growing Companies list, published by The Globe and Mail's Report on Business on September 27th, 2024. The ranking highlights 416 of Canada's fastest-growing businesses, evaluated based on three-year revenue growth.

Volatus achieved 17,336% growth over the past three years, driven by its aerial solutions across sectors such as oil and gas, energy utilities, public safety, and infrastructure. The company offers a range of aerial services, equipment sales, and technological solutions to clients globally.

"We're grateful to be included in this ranking of Canada's top-growing companies," said Glen Lynch, CEO of Volatus Aerospace. "This milestone is a reflection of our team's dedication and the trust our clients have placed in us. Our commitment to innovation and service excellence continues to drive our growth across key industries."

For more information on the ranking, visit: https://www.theglobeandmail.com/business/rob-magazine/top-growing-companies/article-ranking-canadas-top-growing-companies-of-2024/

Corporate Update

Further to its press release dated August 30, 2024 Volatus Aerospace has issued an aggregate of 431,282 common voting shares ("Debt Shares") to Ventum Financial Corp. (formerly, Echelon Wealth Partners Inc.) ("Ventum") as settlement for an aggregate of $75,000 owing to Ventum upon closing of the Company merger with Volatus Aerospace Corp. pursuant to an engagement letter entered into between Ventum and Volatus Aerospace Corp. (the "Engagement Letter"). The Debt Shares were issued at a deemed price of $0.1739 based on the 10-day volume weighted average price of the Company's common voting and common variable shares listed on the TSX Venture Exchange (the "TSXV") on August 30, 2024.

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.

Explore our services and connect with us at http://www.volatusaerospace.com or https://dronedeliverycanada.com.

Forward-Looking Information

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 Contact:

Danielle Gagne
Head of Marketing and Communications
Danielle.gagne@volatusaerospace.com
+1-579-977-5066; ext=92006

SOURCE: Volatus Aerospace Corp.