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Volatus Aerospace expands Latin American presence through Joint Venture

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") announces a joint venture with EOLO Drones S.A.C. ("EOLO") signed on June 2, 2022. The business will be called Volatus Aerospace LATAM and will expand Volatus' commercial operations in Latin America. Under the terms of the agreement, which includes commercial activities for both civil and governmental entities, Volatus Aerospace holds 75% equity, with EOLO holding the remaining 25%. “Latin America is a vast, emerging market with exciting opportunities for drones in sectors such as mining, infrastructure, renewable energy, and agriculture,” said Luc Masse, Executive Vice President of Volatus. “Success in this region requires an understanding of language, culture, and local legislation. Volatus Aerospace LATAM will represent our brand throughout South America and execute our expansion using a strategy adapted specifically to these markets.” "Canada’s largest defence and security trade show, CANSEC, was a tremendous success for Volatus. Given the number of international delegations, it seemed appropriate to sign our joint venture with EOLO at the conference," said Glen Lynch, Volatus CEO. "Our business has expanded in Latin America, and it’s an important market for us. We are looking forward to attending Peru's inaugural drone conference this year, and I'm grateful for the personal invitation we received from Lieutenant-General Carlos Chávez Cateriano, Chief of Staff for the Peruvian Air Force." Bruno Leoni, CEO of EOLO, stated: "I am proud that we have elevated our partnership to expand our services and products across Latin America. We look forward to identifying opportunities in the market and leading the expansion. I would like to thank Volatus for making us welcome at CANSEC and choosing us to be their South American partners." About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, 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 and expectations of the Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

June 08, 2022 07:46 AM Eastern Daylight Time

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Minuteman Press Franchise Owner Ken Tays Receives Veteran Business Award from NJ State Veterans Chamber of Commerce and The American Legion

Minuteman Press International Inc

US Army Veteran Ken Tays, who owns the Minuteman Press franchise in Newark located at 20 Clinton St., was recognized with the award for Veteran Business under $3 Million by the NJ State Veterans Chamber of Commerce (NJSVCC) and The American Legion at the Disabled Veteran and Veteran Business Summit. The event was held on May 10 th, 2022 at Middlesex College in Edison. The Summit connected over 100 Veteran-owned businesses with private companies and state agencies to help facilitate partnerships on upcoming projects. Ken says, “It was a real honor to attend the Summit, connect with so many other Veterans and supporters of Veterans, and receive such a prestigious award from the New Jersey State Veterans Chamber and The American Legion. My business, Minuteman Press in Newark, is a small, Veteran-owned franchise, and an event like this is really helpful and inspiring to me.” Ken served in the US Army for 11 years and then earned his degree in financial services. Ken shares, “I worked as a Federal Bank Regulator for 12 years and then entered the private sector working for companies like PwC and Citibank. I decided to research franchise opportunities because I wanted to be my own boss.” In 2019, Ken bought Minuteman Press in Newark. He took over the successful business from Holly Kaplansky, who retired after owning and operating Minuteman Press in Newark for 15 years. Ken says, “At its core, Minuteman Press International is a family-owned business. I went out to Long Island and CEO Bob Titus talked to me for an hour and a half. I was looking for a printing franchise that had that family-like atmosphere and wasn’t so corporate. The other franchises I looked into just didn’t have that same feel to them where I felt comfortable like I did with Minuteman Press.” As for why Minuteman Press is the right fit for Veterans, Ken shares, “I feel like this is my business and yet Minuteman Press provides me with that security blanket of local support and guidance. I have no printing experience and the training and ongoing assistance from Jim Galasso and the local field staff here in Newark really helps me. I know I can contact anyone in the company and they will respond and be there without breathing down my neck all the time.” When asked about the rewards of owning his own business, Ken’s first inclination is to say, “Work life balance. That is something I feel like I have even though I am working hard and always on. I love the challenge of running my own business and being responsible for everything. I spent a lot of time in corporate America making money for other people and I wanted to do this. There are ups and downs but it’s on my time.” Ken’s advice for others who are looking into business ownership or franchising is, “I would say that I looked at a lot of businesses. Find something that is a good fit for you, and find a franchisor that has what you’re looking for. I spent several months doing my due diligence, and once you make that decision, you have to be committed.” For more information on Ken Tays’ Veteran-owned Minuteman Press business in Newark, NJ, visit https://www.mmpnewark.com. Learn more about #1 rated Minuteman Press franchise opportunities at https://minutemanpressfranchise.com. Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

June 07, 2022 10:00 AM Eastern Daylight Time

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ThreatModeler Announces New Patent for IaC-Assist

ThreatModeler Software, Inc

ThreatModeler, a leader in securing cloud infrastructure from design to deployment, today announced the issuance of their newest patent, which makes the IaC-Assist a proprietary technology. The patent, US Patent No. 20220004645A1, has been issued and granted as of April 26, 2022. With IaC-Assist, any user can truly shift left as it relates to implementing security within the code. Users can identify, review, and mitigate security flaws while writing the code in real-time - with simply the click of a button and without leaving their coding environment. IaC-Assist creates a more time and cost-efficient solution to the build process, saving developers the hours it would have taken to build designs and review its security. “Our patented solution, IaC-Assist, reduces threat drift from code to cloud and gives users a simple and efficient solution in truly shifting left,” said Archie Agarwal, Founder and CEO, ThreatModeler. “This patented technology is the only solution in the industry that helps you build threat models from your IDE itself and updates the threat model as you update the code. We’re excited to have these streamlined capabilities patented and available to users.” This patented technology solution is the first of its kind that helps to reduce threats from code to cloud. Users can implement the technology as a processor-executed method of generating a threat model from a code file. The system can analyze the code file, identify properties associated with the resources included in the code file, and generate a threat model based on the resources determined as a security threat. This technology addresses industry pain points by giving tools for security teams to work more collaboratively with the development organizations. Additionally, instead of adding more steps to the build and deploy process, this technology fits within the existing process and enables developers to build security within the code with the least amount of time lost. To learn more about this new patent and ThreatModeler technology, please visit here. About ThreatModeler Software, Inc. ThreatModeler Software, Inc. 's suite of products empowers DevOps to measure their threat drift from code to cloud. With a fraction of the time and cost tied to other tools, users can design, build and validate threat drift from development to deployment. Teams can instantly visualize their attack surface, understand security requirements and prioritize steps to mitigate threats. CISOs can make critical security-driven business decisions to scale their infrastructure for growth. Contact Details Clayton Murtle ThreatModeler@luminapr.com

June 07, 2022 08:00 AM Eastern Daylight Time

CargoX Blockchain Technology Takes Flight in Egypt

CargoX

LJUBLJANA, SLOVENIA - (June 06, 2022) - CargoX, the leading company specializing in the digital transfer of trade documents, extends its business engagement with the Egyptian government by providing advanced Blockchain Document Transfer (BDT) services as a core component of the Advance Cargo Information (ACI) system implementation for airborne cargo. The Advance Cargo Information (ACI) system aims at providing business intelligence and governance mechanisms to the government before cargo loading from ports of export, facilitating cargo clearance procedures, creating transparency and audit trail for cargo movements within a paperless ecosystem by digitizing shipment documents transfer using CargoX BDT services. The ACI system is a core component of Egypt’s national single-window platform for international trade (NAFEZA) that is operated by the Public-Private-Partnership company Misr Technology Services (MTS). “The NAFEZA single window platform for digitalization of ocean-freight trade document transfers between Egypt and companies worldwide is an unprecedented success. It is used by more than 90,000 companies and entities worldwide, and we continue building this momentum by adding air cargo documentation processing. This will bring the number of points of entries to 30 – including airports, seaports, dry ports, border posts, free zones, and bonded warehouses,” said Captain Ossama Al Sharif, MTS Chairman & CEO. Background information: Misr Technology Services (MTS) authorized CargoX to be the gateway between the international trade community and the Egyptian national single window for international trade (NAFEZA) by providing blockchain-document-transfer services since January 2021. CargoX platform includes built-in automated workflows for Blockchain Document Transfer (BDT) where the ultimate level of immutability, transparency, reliability, and accountability is achieved. CargoX launched its BDT services on a “TRIAL” basis as early as March 2021 to serve seaborne cargo. The services became “LIVE” as of October 2021. Within this context, cargo shippers pre-lodge shipment documents and data electronically in a secure and prompt manner to ensure that import security screening and customs procedures on the Egyptian side can be accomplished prior to shipment arrival to Egyptian seaports. Since its implementation in seaports, the project has surpassed all expectations. CargoX blockchain solution was used seamlessly and safely to transfer more than 1,500,000 actual trade and finance documents to serve more than 100,000 customers. By providing reliable document transfer services, the CargoX Platform has become the fastest-growing blockchain platform in the logistics industry. It represents one of the most compelling cases for the adoption of the blockchain as a critical tool for streamlining global trade and commerce, as well as business-to-government communication. “NAFEZA has become a unified channel for customers exporting to Egypt by sea, and now also by air. The ACI system will expedite shipment clearance, reduce cost, and eliminate the risk of delays or loss of documents. We are proud that Egypt is yet again a global innovator and a key reference for modernization,” said Gamal Kotb, MTS General Manager. In the sea freight use case, the benefits resulting for users from the adoption of the blockchain technology include a reduction in the average cargo release time from 29 days to 9 days with a notable reduction in container demurrage and storage fees. Compliance costs for shippers in the maritime sector have also been slashed from more than USD$600 to USD$165, or less as a consequence of the move onto the blockchain. In air freight, the real-time delivery of documents will play an even more essential role, as cargo travel times are much shorter, and processes run with higher task frequency. “Mr. Stefan Kukman, CEO of CargoX said, “CargoX is proud to be developing the most cutting-edge digital solution for global trade - arguably the most important industry in the world,” “It is incredibly satisfying to already be working with some of the most selective companies in the logistics industry and forward-thinking governments that have made the CargoX Platform the fastest-growing blockchain platform in the logistics industry,” —Kukman added. About CargoX CargoX Ltd is a global company specializing in document transfer solutions, based on blockchain transactions and an ownership validation platform. The core team of founders brings together more than 100 years of experience in the logistics, banking, programming, IT and blockchain industries. Users of CargoX’s BDT platform can upload or create electronic trade documents and then transact ownership of them like money through a global bank, at any time, with the following benefits: ● Irrevocable transfer of ownership of the documents ● Unbreakable, neutral, public Ethereum blockchain ● The audit trail of events is only available to the participants involved ● Confidentiality and full protection of data, identity and business connections ● More than 65 document types are supported (eBL, eLC, Certificates, Contracts, Invoices) Contact Details CHARLIE PESTI —The world’s best publicist for supply chain technologies. Charlie Pesti +1 267-439-4355 charlie@pesti.io Company Website https://cargox.io/

June 06, 2022 10:02 AM Eastern Daylight Time

Freight Rate Transparency gains traction in Freight Forwarding – SHIFEX by Shifl

Shifl

Digital forwarding and supply chain platform Shifl has announced the launch of SHIFEX, an Ocean Spot Freight Rate Index for container shipments which is now available on their website ( https://shifl.com/index ). The recent and continuing unprecedented chaos in the freight markets has brought the dire need for transparency and visibility into actual ocean freight rates. Shabsie Levy, CEO and Founder of Shifl, said he often found thousands of dollars of disparities between reported and actual freight rates on the market. “In the current market condition, just about no one can afford to pay hundreds and sometimes thousands of dollars more for moving a single container,” said Levy. SHIFEX provides live insights into ocean freight rates. It tracks and displays the average ocean spot freight rates for 40'containers (FEU) on main Transpacific routes at any given period. Freight rate transparency and accuracy have always been touted as core business values. They improve customer engagement, build trust, and increase productivity in an industry that has been opaque. “By leveraging our existing technology, we are helping shippers benchmark the freight rates they should be paying for their shipments and help them better plan their order placements and inventory” said Levy. By analyzing its own data of actual bookings and shipments, Shifl was able to alert the market in advance of the drastic changes in the ocean spot freight rates across the volatile periods in 2021 and 2022. Eli Gelbman of The New York Doll Collection a company that manufacturers and sells childrens dolls and accessories says, "I am pleased that Shifl is launching SHIFEX. As a regular importer, we have been following Shifl's rate data in their market reports which has helped us tremendously in managing the volatility in the freight market. Having the same info now on-demand, will allow us to make better supply chain decisions, and improve efficiency in costing and in planning our orders." More about SHIFEX SHIFEX, the first ocean spot freight rate index by a US freight forwarder, provides live insights into ocean spot freight rates as it tracks and displays rates that are applicable on the Trans-Pacific route. SHIFEX is based on the actual spot freight rates quoted and/or paid for moving shipments on the Trans-Pacific route and is therefore a true reflection of the prevailing market conditions in the freight forwarding spot market. SHIFEX is offered as a free service by Shifl and covers Port to Port container spot freight rates. SHIFEX includes all commonly applicable surcharges, —including but not limited to BAF (Bunker and/or Emergency Bunker Adjustment Factor), CAF (Currency Adjustment Factor) ISPS (International Security Port Surcharge), PCS (Port congestion surcharge). The index provides past and current freight rates with the option of tracking rates on a 3, 5, 12 and 18 month basis from the base ports of China to both Los Angeles and New York. In addition to freight rates, Shifl is also planning to include its highly popular vessel transit and container dwell data and add spot freight rates of other trade lanes to SHIFEX so customers can track the past and current performance of these metrics as well. SHIFEX complements digital offerings that include Shifl.com, the digital forwarding and supply chain platform, and Shifl.capital, the cutting-edge FinTech solution designed to make business transactions easier for supply chain companies. About Shifl Shifl is leading the supply chain industry into the future with technology and innovation that brings a huge array of real-life benefits to its users. If you are a shipper looking to bring your business into today's digital age, be more in control, and pay less overall - Shifl is for you. Shifl is headquartered in New York and maintains a presence in China, India, Vietnam, Malaysia, Bangladesh, Georgia, DR, and The Philippines. To learn more, visit https://shifl.com. Contact Details CHARLIE PESTI Priyanka Ann Saini +91 98332 68264 priyanka@pesti.io

June 06, 2022 12:00 AM Eastern Daylight Time

Motor Vehicle Crashes with Large Trucks Present Unique Legal Challenges

Justinian & Associates

New research from the U.S. Department of Transportation reinforces the fact that most injuries and deaths in commercial truck crashes are passenger vehicle occupants. Add to that the fact that urban and suburban roadways are increasingly becoming the place where major commercial truck accident injuries and deaths occur — according to the U.S. Department of Transportation data, 51% of deaths in large truck crashes occurred on major roads other than interstates and freeways. This trend highlights the challenges drivers face in negotiating what to do after an accident with a commercial truck. “There are many differences between a car accident and a commercial vehicle accident,” said Kevin Johnson, associate attorney at Austin, Texas-based personal injury firm Justinian & Associates and an expert in truck accident law. “For one, are you're dealing with a much bigger vehicle. And, you're dealing potentially with multiple entities that are responsible for that vehicle, as well as a driver that has professional driving rules that he should be following. These differences can make resolving a commercial truck accident much more complex and time-consuming.” Johnson has six primary tips for drivers who have been in an accident with a commercial truck. The first tip is to call the police immediately after the accident occurs. “The police are going to make sure that the proper entities in the crash are established,” said Johnson. “They're going to file a report and they're going to get the names of the company and the driver so that you can and have that information for later.” The second tip is to take photos of the scene while everything is still fresh, and while both vehicles are where they were after the crash. “These photos will be admissible evidence in court,” said Johnson. “If you don’t have photos and the other vehicle gets repaired right away, you could be in a tough spot regarding possible claims.” The third tip is to get the trucking company’s name, as well as the driver’s information, including address, phone number, email address, insurance company name, and policy number. “Many times when you're dealing with a commercial vehicle, there could be different entities,” said Johnson. “For example, the truck and the trailer could be owned by two different parties. The driver could be an independent contractor. So it's very important to get as much information as you can to lessen the chance of getting the runaround later on.” The fourth tip is to get the names and contact information of any witnesses. “This is someone who could possibly be on your side and vouch for you later in court, so it’s important to get this information at the scene,” said Johnson. The fifth tip is to get a medical evaluation. “Even if you don’t think you were hurt, go and get checked out,” said Johnson. “Some injuries can take weeks to manifest themselves, so having a documented visit to a doctor right after the accident will help protect your right to seek a claim later.” The sixth tip is to avoid posting about the accident on social media. “Don’t post pictures of the crash or even things like ‘I was just in a crash, but I’m OK,’” said Johnson. “Anything you post on social media becomes public, and this can be used later in court to counter a claim or statement.” As the trend in commercial truck accidents continues to grow, it’s important that drivers know the differences between navigating a car-to-car accident and a car-truck accident. “When you’re dealing with a commercial vehicle, there’s a whole different claims process that takes place,” said Johnson. “It’s important that people know the differences and know what steps to take.” Listen to a podcast interview with Kevin Johnson on six things to do after a commercial truck accident. Justinian & Associates is an Austin personal injury law firm with offices in Round Rock and San Antonio, Texas. www.justinian.com -###- Contact Details Bill Threlkeld bill@threlkeldcomm.com Company Website https://www.justinian.com

June 02, 2022 09:00 AM Pacific Daylight Time

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Foresight to Present at the Sidoti Summer Small Cap Virtual Conference in June

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today that the Company will present virtually at the Sidoti Summer Small Cap Virtual Conference on June 15 at 9:15 a.m. ET. Eli Yoresh, Chief Financial Officer and Doron Cohadier, Vice President of Business Development will attend the virtual conference, which includes a company presentation and one-on-one meetings on June 15 and 16. To schedule a meeting, contact your Sidoti representative or Miri Segal at msegal@ms-ir.com For more information regarding these events, please visit Foresight’s Investor Relations page here. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

June 01, 2022 08:20 AM Eastern Daylight Time

CORRECTING and REPLACING Volatus Aerospace Corp. Announces Record First Quarter 2022 Sales

Volatus Aerospace Corp.

The headline of the release dated May 26, 2022 has been updated to read "Volatus Aerospace Corp. Announces Record First Quarter 2022 Sales" sted "Volatus Aerospace Corp. Announces Record First Quarter Annual Sales" The updated release reads: Volatus Aerospace Corp. Announces Record First Quarter 2022 Sales Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company"), is pleased to announce record sales for the first quarter of 2022. The growth was driven by sales of products and solutions. Key Financial Highlights: Revenue for Q1 2022 was $4,807,829, an increase of 64% over the previous quarter and a sixteen-fold increase over the year-on-year quarter of 2021. The revenue was driven predominantly by organic growth across Canada, the USA, Latin America, and some parts of Europe. The drone services and training segment are lowest in the first quarter due to seasonality. Gross profit for Q1 2022 was $1,092,840 an increase of $930,748 over the same period in 2021. The increase in gross profit is due to scaling in product and service activities. Volatus recorded a comprehensive loss of $1,774,397 compared to a comprehensive loss of $1,328,628 in the previous quarter. This was due to increased investment in human resources and expansion activities. Operational Highlights: The Company achieved significant milestones in the first quarter of 2022, namely: Volatus scaled its activities in the United States and the United Kingdom, hiring key people in the public safety and defense sectors. As a result of the Russian invasion of Ukraine, the demand for defense related drones has significantly increased globally. The Company accelerated its plans to expand in Europe and nearby regions and is promoting its capabilities to provide ISR (Intelligence, Surveillance, Reconnaissance) and humanitarian cargo drone solutions. The Company is actively supporting non-government organizations (NGOs) including Mriya Aid and Second Front Ukraine in their efforts to support Ukraine. Volatus has entered numerous strategic partnerships with North American and European UAS manufacturers having unique capabilities in different sectors - providing a portfolio of technologies for it to commercialize and present as integrated solutions to its clients in the commercial, public safety and defense sectors. These technologies have been “Vetted by Volatus” – a program whereby a team of subject matter experts from Volatus perform due diligence on the technology and certify that it is ready for commercialization. The Company made a strategic move with the acquisition of MVT Geo Solutions Inc. on February 28, 2022. This acquisition enhanced Volatus' service and data processing capabilities in the province of Quebec and Eastern Canada. Volatus will integrate the operations of MVT to provide data insights and scale its LiDAR expertise across Canada. As part of creating a drone community, Volatus introduced Drone Network News available here. This communication channel was developed to inform various stakeholders in the industry, enable sharing of knowledge and informed decision making and increase the awareness and market exposure of Volatus as an industry expert. This channel highlights all the key developments in the drone industry across the globe through articles, discussions, and podcasts with key industry leaders. “Drones are the future and Volatus is the future of drones,” said Glen Lynch, President and CEO of Volatus. “During the quarter we have made considerable investments in equipment, inventory, sales personnel, and marketing in preparation for continued strong expansion during the remainder of 2022. We are committed to building the global drone company and running it sustainably.” The condensed consolidated interim financial statements for the three months ended March 31, 2022, and associated management discussion and analysis, are made available under the Company's profile on SEDAR at www.sedar.com Webinar In conjunction with this release, Volatus investor relations Kate McKenna will host a webinar on Tuesday, May 31 st at 11:00 AM EST at which time Glen Lynch, Chief Executive Officer, and Abhinav Singhvi, Chief Financial Officer, will review the quarterly results and major milestones. Investors are invited to join the webinar here Or One tap mobile: US: +13126266799,,82780365304# or +13462487799,,82780365304# Or Telephone: Dial(for higher quality, dial a number based on your current location): US: +1 312 626 6799 or +1 346 248 7799 or +1 646 558 8656 or +1 720 707 2699 or +1 253 215 8782 or +1 301 715 8592 Webinar ID: 827 8036 5304 International numbers available here. Audio Replay Options An audio replay of the event will be archived on the Investor Relations page of the company's website here About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, 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 and expectations of the Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

May 26, 2022 05:32 PM Eastern Daylight Time

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Foresight Announces First Quarter 2022 Financial Results

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight or the “Company”), today reported financial results for the first quarter of 2022. Foresight ended the first quarter of 2022 with $40.4 million in cash, cash equivalent, restricted cash and short-term deposits. The Company reported a GAAP net loss of $2.02 million for the first quarter of 2022 and a non-GAAP net loss for the same period of $1.53 million. “The milestones achieved during the first quarter of 2022 demonstrate that our long-term product roadmap and business strategy are beginning to enter a significant new phase. Following successful demonstrations to customers of our wide range of solutions, we are now engaging in new partnerships to deploy our technology on a larger scale. Both Foresight and Eye-Net Mobile Ltd. (“Eye-Net Mobile”), our wholly owned subsidiary, continue to expand into new regions and addressable industries, demonstrating the breadth of our potential markets,” said Haim Siboni, CEO of Foresight. “The establishment of Foresight Changzhou Automotive Ltd., (“Foresight Changzhou”), our fully owned subsidiary in Jiangsu Province, China, demonstrates our belief in the potential of the Chinese market. We believe that working seamlessly with local partners, manufacturers and suppliers in China will allow more collaborations and joint undertakings. Additionally, Foresight is now developing a custom 3D sensor solution for a leading Israeli defense integrator, for which the Israeli Defense Force (IDF) is the end customer. This technology is expected to replace LiDAR in the defense integrator’s 3D perception products. As Foresight demonstrates the ability to tailor its technology to the needs of specific applications and industries, we expect to see growing interest from customers with specialized requirements,” concluded Mr. Siboni. First Quarter 2022 Financial Results Revenues for the three months ended March 31, 2022 amounted to $35,000. The revenues were generated primarily from the successful completion of the first milestone of a proof-of-concept (POC) project with a leading Japanese Tier One supplier for the automotive industry. Research and development (R&D) expenses, net for the first quarter of 2022 were $2,692,000, compared to $2,659,000 in the first quarter of 2021. R&D expenses in the first quarter of 2022 are offset by participation from the European Horizon 2020 program in the amount of $172,000. General and administrative (G&A) expenses for the first quarter of 2022 were $1,188,000, compared to $1,206,000 in the first quarter of 2021. The decrease is attributed primarily to a decrease in payroll and related expenses and public company expenses, offset by increase in professional services and share based payments to service providers. Finance income, net for the three months ended March 31, 2022 amounted to $2,472,000. Finance income, net is attributed primarily to gains from revaluation of our investment in Rail Vision Ltd to its fair value, following its initial public offering on Nasdaq, in the amount of $2,793,000 offset by exchange rate differences and other expenses in the amount of $328,000. GAAP net loss for the first quarter of 2022 was $2,024,000 or $0.006 per ordinary share compared to a GAAP net loss of $4,362,000, or $0.014 per ordinary share in the first quarter of 2021. Non-GAAP net loss for the first quarter of 2022 was $1,527,000 or $0.005 per ordinary share compared to a non-GAAP net loss of $3,201,000 in the first quarter of 2021 or $0.010 per ordinary share. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Non-GAAP results exclude the effect of share-based compensation expenses. Balance Sheet Highlights Cash, restricted cash and short-term deposits totaled $40.4 million as of March 31, 2022, compared to $45.7 million as of December 31, 2021. GAAP shareholder’s equity totaled $47.1 million as of March 31, 2022, compared to $48.6 million as of December 31, 2021. The decrease is attributed to the net loss for the period, offset by share based payments to employees, consultants, and directors for the same period. First Quarter Corporate Highlights: Foresight Established Joint POC Project with American Division of Japanese Tier One Supplier to Enhance ADAS Vision Systems: Following the successful evaluation of a QuadSight ® vision system prototype in March 2021, in January 2022 Foresight announced the establishment of a joint POC project with the American division of a leading Japanese Tier One supplier in the automotive industry. Foresight intends to demonstrate its ability to enhance the Tier One supplier’s existing stereoscopic vision system by creating a stereo pair using the leading Tier One supplier’s existing camera hardware to generate rich perception. Foresight to Develop Custom 3D Sensor Solution for Leading Israeli Defense Integrator: In February 2022, Foresight announced that it will customize products and solutions for a leading Israeli defense integrator. The defense integrator’s end customer is the IDF. Foresight will develop a customized 3D perception solution to meet the requirements of the IDF, and the company expects to recognize revenues of approximately $250,000 from the project during the first half of 2022. Foresight Establishes Local Subsidiary in Chinese Market: In January 2022, Foresight announced the establishment of Foresight Changzhou, a wholly owned subsidiary, in Jiangsu Province, China. Established together with the China-Israel Changzhou Innovation Park (CIP), this new subsidiary will allow Foresight to expand more easily within the Chinese market. Foresight Changzhou will hire local staff and engineers, potentially resulting in a stronger network with local partners and manufacturers. Foresight Collaborates with SUNWAY-AI to Commercialize Solutions for Chinese Agriculture and Heavy Machinery Markets: In January 2022, Foresight announced the signing of a multiphase business cooperation agreement with SUNWAY-AI, a global Chinese manufacturer of autonomous and unmanned intelligent vehicle products. During the first phase of the cooperation, SUNWAY-AI will evaluate a prototype of Foresight’s QuadSight vision system. Successful completion of the evaluation could lead to a partnership agreement involving cooperation projects to develop and commercialize products for the Chinese agriculture and heavy machinery markets. Eye-Net Mobile Enters Indian Market with First Pilot Project for Fleet Telematics: Eye-Net Mobile, a wholly owned subsidiary of Foresight, announced in January 2022 that it will begin its first pilot project in India with a local telematics company. The Indian telematics (fleet tracking) company will evaluate the performance of the Eye-Net™ Protect collision prediction solution in various scenarios. Successful evaluation could lead to possible commercialization and integration of Eye-Net Protect in the telematics company’s service suite for commercial fleets and government operators of public vehicles. Eye-Net Mobile Selected by Paris2Connect Consortium to Participate in Urban Mobility Experiment: In February 2022, Eye-Net Mobile was selected as one of five winners by the Paris2Connect consortium to participate in an urban mobility experiment in Paris’ Urban Innovation District. Paris2Connect is dedicated to demonstrating how shared urban digital infrastructure can meet the growing needs of the smart city, and the consortium includes ATP France, Aximum, Nokia, RATP Group, and Signify N.V. Eye-Net expects to benefit from testing its solution in an operational environment under real conditions along a 3.5-kilometer route in the center of Paris, France. Use of Non-GAAP Financial Results In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the Company's earnings release contains non-GAAP financial measures of net loss for the period that exclude the effect of stock-based compensation expenses. The Company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the Company's ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-GAAP financial measures disclosed by the Company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses Foresight’s and Eye-Net Mobile’s continued expansion into new regions and addressable industries, demonstrating the breadth of their potential markets, the its belief in the potential of the Chinese market and that working seamlessly with local partners, manufacturers and suppliers in China will lead directly to more collaborations and joint undertakings, customization of its products and solutions for a leading Israeli defense integrator, for which the IDF is the end customer, that its technology is expected to replace LiDAR in the defense integrator’s 3D perception products, the expectation of growing interest from customers with specialized requirements, the expected timing of revenues from the IDF project, its intention to demonstrate its ability to enhance the Tier One supplier’s existing stereoscopic vision system, that Foresight Changzhou will allow the Company to expand more easily within the Chinese market, its multiphase business cooperation with SUNWAY-AI and that successful completion of the evaluation could lead to a partnership agreement involving cooperation projects to develop and commercialize products for the Chinese agriculture and heavy machinery markets, and the potential for Eye-Net to commercialize its Eye-Net Protect with respect to its fleet tracking first pilot project in India.. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS (Unaudited) U.S. dollars in thousand s Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

May 26, 2022 04:05 PM Eastern Daylight Time