Science Experiential Aerial Research Program Kickstarts in Florida

TORONTO, ON / ACCESSWIRE / July 27, 2023 / Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company") announced today that it has expanded into the U.S. with the kick off of its newest version of the Science Experiential Aerial Research (SEAR) Program-The Litter Project.

High school students in Florida began the course this week and will be learning the basics of machine learning, aerial intelligence collection with drones and other essential science disciplines that will help prepare them for future work in aviation, technology, and science.

The curriculum focuses on a community-defined issue, in this case litter, to meet national- and state-defined science and math learning outcome requirements.

"We've run the SEAR Program now in British Columbia, Alberta, Saskatchewan, and of course, Manitoba, where we received a $500K grant," explained Matt Johnson, Director of Education for Volatus Aerospace. "In addition to meeting essential curricular outcomes for science, these courses are designed to provide students with hands-on experience with the technology and science so that they can learn what opportunities are out there. Our hope is that it will inspire them to pursue these types of careers as they look to college and beyond."

"Demand for aerial intelligence is not only growing in leaps and bounds but so are the technologies," began Glen Lynch, CEO of Volatus Aerospace. "Tools like Remotely piloted aircraft, machine learning and AI are essential to help us quickly, safely, and cost efficiently collect, process, analyze, and action terabytes of data. We are going to need to encourage students to pursue these careers to be able to scale and keep up with the demand. The SEAR Program gives students a taste of what is out there today and what could be their future-we are excited to expand this program into the United States."

The program is available across North America and can be tailor made to fit state/provincial curricular requirements in science as well as specific community concerns. To learn more, contact Matt Johnson at matthew.johnson@volatusaerospace.com.

Corporate Update: Volatus is pleased to announce that it has received an extension from the TSX Venture Exchange ("TSXV") to its proposed non-brokered private placement announced on April 13, 2023 of up to 250 convertible debenture units of the Corporation (the "Debenture Units") at a price of $1,000 per Debenture Unit for aggregate gross proceeds of up to $250,000 (the "Offering"). The extended final date for acceptance of the Offering is August 31, 2023.

All terms of the Offering remain unchanged, and the Company intends to use the net proceeds of the Offering for research and development and for general working capital purposes. The Company may pay a finder's fee on the Offering within the amount permitted by the policies of the TSXV. All securities issued in connection with the Offering, including any securities issuable upon conversion or exercise thereof, will be subject to a statutory hold period of four months and one day from the date of issuance of the Debenture Units. The Offering is subject to final approval by the TSXV.

The Debenture Units will be offered and sold by private placement in Canada pursuant to exemptions from the prospectus requirements under National Instrument 45-106 - Prospectus Exemptions, and in certain other jurisdictions on a basis which does not require the qualification or registration of the securities offered, or any underlying securities.

About Volatus Aerospace:

Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance.

Forward-Looking Information

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TSXV: VOL

Contact Details

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

Company Website

https://volatusaerospace.com

SOURCE: Volatus Aerospace Corp.