Volatus, Nanoxplore sign LOI for Li battery supply

Executive Summary

• Volatus Aerospace Inc. and Voltaxplore Inc. (a Nanoxplore subsidiary) signed a Letter of Intent to supply Canadian‑made silicon‑dominant lithium‑ion battery cells for Volatus’s next‑generation UAV platforms.
• The agreement secures domestic sourcing, enhances supply‑chain resilience, and supports both companies’ growth in civil, defence, and Arctic surveillance markets.
• Initial deliveries will come from Voltaxplore’s 1 MWh Montreal facility, with capacity expansions tied to Volatus’s platform development timeline.

Key Details

• Parties Involved: Volatus Aerospace Inc. (drone OEM) and Voltaxplore Inc., a high‑performance lithium‑ion battery manufacturer and subsidiary of Nanoxplore Inc.
• Agreement Scope: Letter of Intent for future supply of Canadian‑manufactured battery cells; formal supply agreement to be finalized subsequently.
• Battery Technology: Silicon‑dominant cells offering increased endurance, faster charging, and improved cold‑weather performance for UAVs.
• Production Capacity: Voltaxplore will allocate capacity from its 1 MWh Montreal facility (operational since 2022) for Volatus deliveries.
• Strategic Benefits – Volatus: Domestic supply chain security, product differentiation, alignment with Canadian federal initiatives on aerospace and defence manufacturing.
• Strategic Benefits – Voltaxplore/Nanoxplore: Entry into an aerospace market vertical, diversification beyond electric mobility and grid storage, support for Nanoxplore’s long‑term growth strategy.
• Economic Impact: Supports Canadian job creation, strengthens national resilience in critical minerals and aerospace, aligns with government emphasis on homegrown industrial capabilities.
• Future Outlook: Initial deliveries to commence from Montreal; further capacity expansions will be synchronized with Volatus’s new UAV platform development schedule.

Notable Quotes

“Volatus is proud to partner with Voltaxplore to secure a 100‑percent‑Canadian supply of next‑generation batteries for our UAV platforms… This partnership ensures the entire value chain, from advanced materials to finished aircraft, remains in Canada.” – Glen Lynch, CEO, Volatus Aerospace

“This LOI is a milestone in bringing made‑in‑Canada battery technology to the forefront of aerospace innovation… we’re building a Canadian supply chain that serves both civil and defence missions while driving economic growth here at home.” – Dr. Soroush Nazarpour, President & CEO, Nanoxplore