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November 22, 2022 (Investorideas.com Newswire) Volatus Aerospace Corp.’s acquisition of an Alberta aviation company puts it in a strong position to change the way oil and gas companies monitor their pipelines. Drone company Volatus Aerospace Corp.’s (VOL:TSX; VLTTF:OTCQB) recent acquisition of an Alberta company will allow it to introduce green drone technologies to the oil and gas infrastructure monitoring industry. Its purchase of Synergy Aviation Ltd. of Edmonton, finalized this month, will put it in a strong position to transition some of the monitoring of 500,000 kilometers of oil and gas pipeline right of way from traditional aviation like helicopters and airplanes to unmanned drones that are greener and safer. When it comes to long linear inspections of pipelines, transmission lines, corridors, and rights of way, such drone applications are "game-changing," Michael Cohen, chairman of the Aerial Evolution Association of Canada. "That technology needs [a] revolution. The regulations need some expansion to support (drones), but once they do, it will literally pull airplanes out of the air and put the drones in their place," Cohen said. Drones are "far greener with far less costs and far greater safety." The global drone market is projected to grow from US$8.15 billion […]
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