<img src="https://ml.globenewswire.com/Resource/Download/0889a98a-1148-45cc-a422-1c2d67f82f45?size=2" nborder="0" align="left" hspace="5" vspace="5" title="Logo with white background.png" alt="Volatus Aerospace Inc."/>Memorandum of understanding strengthens research, innovation and Canada's technological sovereignty in next-generation drone energy technologiesFARNBOROUGH, United Kingdom, July 21, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> -- Concordia University, through its Volt-Age research program, and Volatus Aerospace (TSX: FLT) (OTCQX: TAKOF) (Frankfurt: ABB) today announced the signing of a memorandum of understanding (MOU) that establishes a strategic framework for collaboration on energy technologies for uncrewed aircraft systems (UAS). The agreement reflects a shared commitment to combining academic research, operational testing and industry expertise to accelerate the development, validation and commercialization of Canadian technologies for the next generation of civil, commercial and strategic drone platforms. The partners will also explore opportunities for applied research, technology demonstration, talent development and jointly funded strategic initiatives. At the heart of the collaboration is a shared ambition to strengthen Canada's technological sovereignty in a sector that is becoming increasingly important for critical infrastructure, public safety, environmental monitoring, Arctic operations and dual-use applications. By supporting the development of a more resilient Canadian supply chain for strategic drone components, the partners aim to advance domestic innovation while reducing reliance on foreign entities of concern. The memorandum of understanding establishes a framework for identifying and pursuing collaborative research, validation and technology demonstration projects involving researchers, students, industry partners and public-sector organizations. Specific projects and implementation activities will be governed by separate agreements as opportunities arise. Quote – Volatus Aerospace “Canada has the scientific expertise, aerospace experience and industrial capability required to lead in the development of next-generation uncrewed systems. By connecting Volt-Age’s research capabilities with Volatus’ operational, testing and manufacturing infrastructure, we can help move promising energy technologies from the laboratory into real-world aircraft and operational environments. This collaboration supports our broader objective of building sovereign, Canadian-developed capabilities for commercial, public safety and strategic applications.”   Glen Lynch Chief Executive Officer Volatus Aerospace Quote – Concordia “Volt-Age was created to accelerate the development of the technologies that will power Canada's energy transition. This collaboration with Volatus perfectly reflects our approach: bringing together researchers, industry and institutional partners to transform scientific excellence into innovations that address Canada's strategic needs. Together, we aim to create an environment where next-generation energy technologies for unmanned aircraft systems can be developed, tested and ultimately commercialized in a dual approach.” Dr. Tim Evans Vice-President, Research and Innovation Concordia University About Volatus Aerospace Inc.   Volatus Aerospace is a Canadian-controlled global aerospace and defence company delivering integrated uncrewed systems, aerial intelligence, and mission-critical operational services. The Company provides unmanned aerial systems, aerial intelligence services, autonomy software, and advanced training solutions supporting civil infrastructure, public safety, and defence markets.   About Concordia University As a <a href="https://www.globenewswire.com/Tracker?data=h_B6HzVZyxOYb6-6OrXU6Rz8B_PO9qmVkLWVAGC9qkNCkkl0ESWNg8UtxYFWDpdUtyDgP_1svfxM2LkFe7vGBHbupGACkNsJMe0AMLfKgYGIS9GPe1pJg232cP9wGI0j" rel="nofollow" target="_blank" title="next-generation university">next-generation university</a>, we reimagine the future of higher education. Concordia’s innovative approach to experiential learning and cross-functional research benefits our 50,000 students. Located in vibrant Montreal on the traditional lands of the Kanien’kehá:ka Nation, Concordia has consistently ranked as a top young university in North America. We strive to be socially responsible and create a more equitable and sustainable world. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities, events, developments and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “seeks”, “strategy” or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans, business outlook and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors.  Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.  Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSX. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.  No securities regulatory authority has either approved or disapproved of the contents of this news release. The Toronto Stock Exchange accepts no responsibility for the adequacy or accuracy of this news release.  For additional information, please contact:  Volatus Aerospace Inc.  Rob Walker, Chief Commercial Officer +1-833-865-2887 investorrelations@volatusaerospace.com <a href="https://www.globenewswire.com/Tracker?data=ut9QRwQI-0rvw0YVTuDUvZadWbQJQIVVKTdDDtNCtRUPY2OpQ7WQE6Dq0_z5zIaSN_MAE7TpIM9I1BEDsZy92bLkttcCfiTDOPkigdIMrFBbeBiDsLJQbQRNVJq2_UviSyOA4XRTEKXx05YtXwf4O9342IiPiYJBiqsfYrLK60AkuC7muf_vCjgaleBp-1KlFKzi6tpjqpa1V2qJqpkMgG_LGj55QLo9RZrZsYp9IiZLYtFDSpW6XY06MHW4TMmZZF1g01aE4aGR0t46E0FwPl301Gld2GzQ6vaHDeRb2CvJtiE7iZ9O5u1_byqmHRi5ffz6iaE1XYyefjl3SzEgZckdqBj0NV5rrmONEIfNcanYYimA6Jmei2wmRoBWKrw4Ax8mXmlSp3M86v5aSXNkEq4fadcdmJk9Hzv9CXwNdwRB9voHZI2lDSnuiiJET2uGZucncrAAygTsXi0BSKcAaS0YrYEJe-4vcQ9pENrY8GbuUG1q_w_cvkh02qmgYFXL9uUFoeCXJIdtGzZfoc9okO4pUtfV41WEv6w-oCm8sstEcP7rap8byZO16BM0nq7J" rel="nofollow" target="_blank" title="">https://volatusaerospace.com</a> <img alt="" src='https://ml.globenewswire.com/media/MGUzMTM3YTQtM2ZjYi00MzhmLWI1NTEtMjEyOGIyMWI5MTU4LTEyMTU4NTgtMjAyNi0wNy0yMS1lbg==/tiny/Volatus-Aerospace-Inc-.png' referrerpolicy='no-referrer-when-downgrade' />

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Volt-Age, Concordia research program and Volatus Aerospace join forces to advance energy technologies for uncrewed aircraft systems

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