on Volatus Aerospace Corp. (isin : CA92865G1054)
Volatus Aerospace Corp. strengthens its surveillance of pipelines in the United States
Volatus Aerospace Corp. announced that its subsidiary, Synergy Aviation, has signed a framework services agreement with an American company in the oil and gas sector. This agreement provides for bi-weekly aerial surveillance of pipeline rights of way from the northern region of the United States to Texas. The inspections, which have been successfully tested, will begin on August 1 and are expected to generate between USD 400,000 and USD 500,000 per year.
Glen Lynch, CEO of Volatus Aerospace, highlighted the company's experience in this sector, particularly in Canada where more than a million kilometers of pipelines are monitored each year. This expansion into the US market demonstrates Volatus' ability to provide essential data to its customers for the maintenance of their assets.
This announcement follows a similar one in September 2023, strengthening Volatus' presence in the US aerial pipeline surveillance market.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Volatus Aerospace Corp. news