10:27 AM EDT, 10/15/2025 (MT Newswires) -- Volatus Aerospace ( TAKOF ) said Wednesday that it signed a memorandum of understanding with ARCO Worldwide Services to collaborate on the delivery of professional drone training programs in Nigeria through ARCO Aviation Academy.

Under the terms, Volatus Aerospace ( TAKOF ) will provide its Volatus Academy curriculum, training materials, and instructor programs for local delivery by ARCO Aviation Academy under a white-label and co-branded framework.

The collaboration aims to align Nigeria's emerging drone pilot training programs with international standards while ensuring full compliance with the Nigerian Civil Aviation Authority, Volatus said.

The agreement establishes a three-year framework for cooperation that includes localized curriculum delivery, instructor training, and ongoing quality assurance. Initial programs are expected to begin rolling out in the fourth quarter.

"This collaboration marks an important milestone in our mission to expand safe, professional drone operations worldwide," Volatus chief executive officer Glen Lynch said. "By partnering with ARCO Aviation Academy, we're helping to accelerate local workforce development and strengthen Nigeria's position as a leader in the West African drone industry."

Volatus' share price fell 3.6% at last look to $0.81 on the TSX Venture Exchange.

Price: 2.89, Change: -0.01, Percent Change: -0.34