Volatus Aerospace and Draganfly Forge Strategic Partnership to Revolutionize Utility Infrastructure Management
In a significant move towards enhancing the efficiency and safety of power utility solutions, Volatus Aerospace Inc. and Draganfly Inc. have announced a strategic collaboration. This partnership aims to address the rapidly growing global demand for the automation and digitization of geospatial data collection and analysis, crucial for utility infrastructure management.
The collaboration is an extension of a previously announced agreement, combining Volatus’ operational and regulatory expertise with Draganfly’s advanced product engineering and integration capabilities. Both companies are well-established in their respective fields, with Volatus known for its experience in power utility inspections and Draganfly for its innovative drone technology and systems.
Enhancing Power Utility Solutions
By integrating their strengths, Volatus and Draganfly aim to provide high-profile global power and infrastructure providers with advanced solutions that enhance efficiency and safety. This partnership is expected to offer a competitive advantage to large enterprise clients seeking comprehensive, end-to-end solutions in power utility management.
Glen Lynch, CEO of Volatus Aerospace, emphasized the importance of strategic collaborations in meeting the diverse needs of clients across multiple sectors. He stated, "Industries today require more than just products; they need solutions that address their specific challenges. By combining Draganfly’s advanced product platform with Volatus’ deep domain expertise, we can provide clients with a complete solution to their challenges."
Cameron Chell, CEO of Draganfly, highlighted the increasing demand for advanced, safe, and efficient data acquisition methods in the power utility industry. He mentioned, "Our collaboration with Volatus Aerospace allows us to incorporate our advanced product platform into a complete solution for power utilities. This partnership reinforces our commitment to providing cutting-edge solutions that meet the complex demands of today’s power utilities while enhancing our market reach."
Market Growth and Potential
According to a report by MarketsandMarkets, the global market for utility asset management, which includes inspection services, is projected to grow to USD 4.09 billion by 2026. This growth is driven by several factors, including increased investments in grid modernization activities, the need for efficient and reliable power supply, and the integration of renewable energy sources into the grid.
The collaboration between Volatus and Draganfly is expected to deliver enhanced value to clients, contributing significantly to the modernization of infrastructure management. By leveraging their combined expertise, both companies are well-positioned to address the challenges and opportunities presented by the evolving energy landscape.
About Volatus Aerospace Inc.
Volatus Aerospace is a leader in providing innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, the company offers comprehensive solutions using both piloted and remotely piloted aircraft systems (RPAS). Volatus serves industries such as oil and gas, utilities, healthcare, and public safety, with a mission to enhance operational efficiency, safety, and sustainability through cutting-edge solutions.
About Draganfly Inc.
Founded over 24 years ago, Draganfly Inc. is a pioneer in drone technology and systems, offering quality UAV solutions, software, and AI systems. The company is renowned for revolutionizing operations across public safety, agriculture, industrial inspections, defense, and surveying. Draganfly is recognized for its commitment to innovation, first-class service, and its ability to save time, money, and lives.
Forward-Looking Statements
The announcement includes forward-looking statements, which encompass the plans, intentions, and expectations of both companies regarding future business activities and operating performance. These statements are based on currently available competitive, financial, and economic data, as well as the operating plans, strategies, or beliefs of management. However, actual results may differ significantly from the expectations set forth in these statements due to various risks and uncertainties.
Investors are cautioned not to rely heavily on forward-looking information, as it is not based on historical facts but rather on projections concerning future events or results. The companies aim to provide updates as new information becomes available, but there is no assurance that forward-looking statements will prove to be accurate.
Conclusion
The strategic collaboration between Volatus Aerospace and Draganfly represents a significant step forward in addressing the needs of the power utility industry. By combining their expertise and resources, these companies are poised to offer innovative solutions that enhance the efficiency, safety, and reliability of utility infrastructure management. As the global market for utility asset management continues to grow, this partnership is well-positioned to capitalize on emerging opportunities and drive the modernization of infrastructure management.
For more information, you can visit the original announcement on GlobeNewswire’s website.
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