Volatus Aerospace (OTCQX: TAKOF, TSX: FLT, BE: ABB) has entered into a strategic partnership with Draganfly Inc. (NASDAQ: DPRO, CSE: DPRO, FSE: 3U8A), aiming to transform oil and gas exploration through the integration of advanced Bathymetric LiDAR technology and drone systems. This collaboration is set to enhance data acquisition capabilities in the energy sector, addressing the increasing demand for precision mapping of underwater environments.
The partnership allows Volatus Aerospace to utilize Draganfly’s Heavy Lift Drone, renowned for its substantial payload capacity and extended flight durations. By combining this drone with Volatus’ Bathymetric LiDAR solutions, the companies will be able to deliver accurate underwater mapping, which is crucial for oil and gas exploration activities. The integrated system will undergo pilot projects and demonstrations to showcase its capabilities, reflecting both companies’ commitment to innovation and efficient industry practices.
The global offshore oil and gas exploration market is projected to grow significantly, reaching over $104 billion by 2030. This growth presents an opportunity for both Draganfly and Volatus Aerospace to capitalize on the demand for innovative drone-enabled solutions that improve operational efficiency while reducing costs for clients in the energy sector.
As part of the agreement, Volatus Aerospace will become an OEM-approved dealer of Draganfly’s diverse range of UAV platforms, including the Heavy Lift Drone, Commander 3XL, and Apex Drones. This expansion enriches Volatus’ product offerings, providing clients with enhanced options that meet various operational needs.
Cameron Chell, CEO of Draganfly, expressed enthusiasm about the collaboration: “We are excited to extend the reach of our Heavy Lift Drone into new markets. This partnership reinforces our focus on providing compliant and innovative drone systems tailored for high-growth sectors like energy.”
Glen Lynch, CEO of Volatus Aerospace, emphasized the shared vision of both companies: “This collaboration underscores our commitment to driving innovation in oil and gas exploration. By combining our UAV technology expertise with Draganfly’s proven platforms, we can deliver cutting-edge solutions that tackle industry challenges effectively.”
The partnership marks a significant milestone for both companies as they aim to capture a share of the burgeoning UAV and energy markets. Through pilot programs, product demonstrations, and strategic deployments, this collaboration is anticipated to open new revenue streams while reinforcing their commitment to creating shareholder value.
Volatus Aerospace is recognized as a leader in global aerial solutions for intelligence and cargo. With over 100 years of combined experience in aviation technology, they provide effective aerial solutions across various industries using both piloted and remotely piloted aircraft systems (RPAS). Their focus remains on enhancing operational efficiency, safety, and sustainability through innovative aerial applications.
Draganfly Inc., a pioneer in drone technology with over 24 years of experience, is committed to offering cutting-edge UAV solutions across multiple sectors including public safety, agriculture, industrial inspections, defense, and surveying. Their dedication to innovation and quality service positions them as a key player in transforming operational efficiencies across industries.
The collaboration between Volatus Aerospace and Draganfly Inc. represents a forward-thinking approach to addressing the challenges faced by the oil and gas exploration sector. By leveraging advanced drone technology combined with Bathymetric LiDAR capabilities, both companies appear to be poised to deliver significant advancements that enhance data accuracy and operational efficiency in energy markets.
