Multi-Year Inspection And Mapping Deal Worth $15M

Volatus Aerospace announced a multi-year agreement with one of North America’s largest electricity distribution and transmission utilities, to provide inspections, mapping, and data services across its extensive network of about 100,000 miles of lines using remotely piloted aircraft systems.

In addition to line inspections, Volatus will also provide vegetation management substation assessments, emergency storm response, and advanced data acquisition to enhance the overall reliability of the system.

The initial agreement is for three years with an option for a two-year extension and with this dela, Volatus captures a larger share of the utility inspection market. The full-term value of the contract is expected to generate revenues of about $15 million.

Glen Lynch, CEO of Volatus Aerospace commented, “We are proud to be selected to support the safe and reliable operation of one of the continent’s most critical electricity grids. This agreement reflects the increasing role of drones in utility asset management and provides Volatus with recurring opportunities to deliver value at scale.”

Volatus has a lot of experience delivering drone services for utilities and infrastructure clients across North America. The company has its Remote Operations Center in Vaughan, just outside of Toronto, Ontario, which has supported its track record of operational excellence, next-generation technologies with solid regulatory expertise that combined, enable safe, scalable, and cost-effective solutions.

Volatus is a provider of aerial services and solutions using both fixed-wing and rotary-wing piloted aircraft as well as remotely piloted aircraft systems across a breadth of industries.

FMI:  volatusaerospace.com/