Volatus Aerospace Inc. (TSXV: FLT) (OTCQB: TAKOF) (FSE: ABB.F) (“Volatus” or the “Firm”), a Canadian aerospace and defence firm delivering built-in uncrewed techniques and mission-critical operational companies, right this moment introduced it has been accredited for non-dilutive funding help of as much as $320,000 from the Nationwide Analysis Council of Canada Industrial Analysis Help Program (NRC-IRAP).
The funding helps growth actions associated to the Volatus Condor XL heavy-lift uncrewed aerial system, together with avionics structure growth, autonomy integration, and flight validation actions supporting future industrial and authorities purposes. The mission additionally helps Volatus’ long-term technique to broaden sovereign Canadian capabilities in autonomous aerospace techniques and next-generation aerial logistics platforms.
Glen Lynch, Chief Government Officer of Volatus Aerospace, commented, “Final week, the Nationwide Analysis Council of Canada (NRC) introduced over $900 million in funding over 5 years beneath the Industrial Analysis Help Program (IRAP) to bolster the Defence Industrial Technique, specializing in home R&D and dual-use applied sciences. Right this moment, we’re happy to acknowledge the monetary contribution of the Authorities of Canada via NRC-IRAP. This help helps advance Canadian innovation in autonomous aerial techniques and aligns with our technique to construct home capabilities in dual-use aerospace applied sciences.”
The Condor XL platform is being developed to help heavy-lift logistics, infrastructure help, emergency response, and authorities purposes requiring runway-independent cargo supply capabilities. The mission is predicted to run via early 2027 and helps Volatus’ ongoing investments in Canadian engineering and superior aerospace growth. The Firm expects the initiative to contribute to home innovation capability and help high-value technical employment in Canada.
Authorities Help Acknowledgement
This mission is supported by the Nationwide Analysis Council of Canada Industrial Analysis Help Program (NRC-IRAP). Any opinions, findings and conclusions or suggestions expressed on this materials are these of the Firm and don’t essentially replicate the views of the Nationwide Analysis Council of Canada.
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