GUANGZHOU, China, Sept. 29, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading autonomous aerial vehicle (“AAV”) technology platform company, announced that it has delivered five units of EH216-S to a new customer, Shenzhen Boling Holding Group Co., Ltd. (“Boling”), as part of Boling’s plan to purchase up to 100 units of... Read more
Key step towards industrialization of Lilium’s novel electric jet technology Propulsion system represents a cornerstone of Lilium’s iconic aircraft architecture, opening the way for superior performance, safety, unit economics and customer experience Assembly takes place at Lilium’s dedicated jet propulsion facility in Wessling, Germany MUNICH, Germany, Sept. 26, 2023 (GLOBE NEWSWIRE)... Read more
Joby Aircraft Becomes First Electric Air Taxi Delivered to the U.S. Air Force Believed to be the First Electric Air Taxi Delivered in the U.S. Aircraft will be Used to Demonstrate Logistics Missions on Base, Flown by U.S. Air Force Pilots Delivery is Part of Joby’s $131 Million Contract with the DOD SANTA CRUZ, Calif. & EDWARDS AIR FORCE BASE, Calif. / Sep 25, 2023 / Business Wire / Joby... Read more
GUANGZHOU, China, Sept. 20, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading autonomous aerial vehicle (“AAV”) technology platform company, announced its strategic investment in Shenzhen Inx Technology Co., Ltd. (“Inx”), a solid-state lithium metal battery technology company in China, and its plan to cooperate with Inx... Read more
This is the first of seven fuselages for the seven aircraft Lilium will use to achieve type-certification of the Lilium Jet Pivotal and tangible step towards the industrialization of the Lilium Jet Fuselage being assembled at Aciturri’s state-of-the-art manufacturing facility in Spain MUNICH, Germany, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first... Read more
Joby plans to build facility capable of delivering up to 500 aircraft per year 140-acre site at Dayton International Airport has potential to support significant further growth, with space to build up to two million square feet of manufacturing facilities Joby plans to invest up to $500 million, creating up to 2,000 jobs Up to $325 million in state and local incentives available to support sc... Read more
TORONTO, ON / ACCESSWIRE / September 18, 2023 / Volatus Aerospace Corp. (TSXV:VOL) (OTCQB:VLTTF) ("Volatus" or "the Company")and Flyscan Systems., today announced that they have entered into a services agreement through the Company's subsidiary Synergy Aviation Ltd., and Flyscan Systems Inc. Under the terms of the agreement, Synergy Aviation will install a Flyscan sensor pod on one of its aircraft... Read more
Initial Contract to Add Additional Surveillance Revenue of Up to $4M in 2024 TORONTO, ON / ACCESSWIRE / September 8, 2023 / Volatus Aerospace Corp. (TSXV:VOL) (OTCQB:VLTTF) ("Volatus" or "the Company")is proud to announce expansion into the US of its oil and gas pipeline surveillance operations, signing an initial contract with a leading energy company headquartered in the US set to launch in... Read more
MUNICH, Germany, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, and Saint-Gobain Aerospace today announced a supplier partnership for the development, series production, and customer support of the Lilium Jet’s transparencies (windows and windshields). The agreement between Lilium and Saint-Gobain... Read more
Preliminary investigation into August 9 incident swiftly completed, identifying the root cause to be a single component Vertical successfully concluded its remote thrustborne flight test campaign in July 2023 Certification timelines unchanged, with more advanced prototype aircraft in production and expected to be flying in early 2024 LONDON & NEW YORK / Aug 31, 2023 / Business Wire / Vertical... Read more
Record Q2 Revenues, Cost Reduction Plan Drives Gross Profit & Gross Margins TORONTO, ON / ACCESSWIRE / August 28, 2023 / Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company"), a global leader in the drone industry, is pleased to announce its financial results for the quarter ending June 30, 2023 ("Q2 2023"). The Company generated revenue of $8,684,991 for the three... Read more
GUANGZHOU, China, Aug. 21, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading autonomous aerial vehicle (“AAV”) technology platform company, today announced that its EHang Unmanned Aircraft Cloud System (“UACS”) has been officially approved by the Civil Aviation Administration of China (“CAAC”) for UACS trial operations.... Read more
All Planned Tests for EH216-S Type Certification Completed 100% Strategic UAM Operational Partnership with Shenzhen Bao’an District US$23 Million Strategic PIPE Investment to Strengthen Liquidity GUANGZHOU, China, Aug. 17, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading autonomous aerial vehicle (“AAV”) technology... Read more
Archer’s receipt of its Special Airworthiness Certificate for Midnight from the Federal Aviation Administration (FAA) means its Midnight aircraft has met all FAA safety requirements necessary to begin flight test operations FAA has now started approving certification plans for Archer’s production aircraft, which will pave the way for Archer to begin piloted “for credit” testing of Midnight,... Read more
United Airlines’ investment in the PIPE is its third time investing in Archer as it originally invested $25M in 2021 in connection with entering into its aircraft purchase agreement with Archer for up to $1.5B worth of aircraft and just last year made a $10M pre-delivery payment for the first 100 of those aircraft In addition to ARK Investment Management LLC (“ARK”) and United Airlines,... Read more
Archer Announces Second Quarter 2023 Financial and Operating Results Archer secures $215 million investment, which includes Stellantis, Boeing, United Airlines, and ARK Investment Management LLC (“ARK Invest”), increasing Archer’s total funding to date to over $1.1 billion, bolstering Archer’s path to FAA certification and commercial operations in 2025 Midnight receives FAA Special Airworthiness... Read more
TORONTO, ON / ACCESSWIRE / August 9, 2023 / Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company") announced that it has acquired all the minority shares of Volatus Unmanned Services Inc., (VUS) to consolidate and optimize costs and business operations. The estimated savings through consolidation is ~C$1.1M+ on an annualized basis. Benefits will begin to be realized in Q3 2023... Read more
Second quarter ended June 30, 2023 revenue up 71% versus the prior year to $61.0 million Medical revenue of $34.4 million in Q2 2023 up 99% versus the prior year period, up 29% sequentially versus Q1 2023 Short Distance revenue up 75% in Q2 2023 versus the prior year period, reflecting our acquisition of Blade Europe, robust demand and pricing growth in Blade Airport, and continued growth... Read more
MELBOURNE, Fla., Aug. 8, 2023 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its second quarter 2023 earnings results. Financial highlights Eve is a pre-operational company dedicated to the development of an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban Air Mobility (UAM) ecosystem that includes the aircraft development, air traffic management systems... Read more
Company Issues Shareholder Letter LONDON & NEW YORK / Aug 03, 2023 / Business Wire / Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the six months ended June 30, 2023. The Company has also issued a shareholder letter in conjunction with the... Read more
Archer has been partnering with the Department of Defense (DoD) since 2021 on a series of projects through the Air Force’s AFWERX program with the goal of helping the AFWERX Agility Prime program assess the transformational potential of the vertical flight market and eVTOL technologies for DoD purposes This new execution phase of the partnership includes the delivery of up to 6 of Archer’s... Read more
Flying Under Transport Canada Special Authority Beyond Line of Sight and Above 400 Ft. TORONTO, ON / ACCESSWIRE / July 18, 2023 / Volatus Aerospace Corp. (TSXV:VOL) (OTCQB:VLTTF) ("Volatus" or "the Company") announced today that it has successfully completed its first field deployment supporting wildfire suppression agencies in Western Canada with remotely piloted aircraft. Wildfires can... Read more
Tokyo, Japan--(Newsfile Corp. - July 17, 2023) - AERWINS Technologies Inc. (NASDAQ: AWIN) ("AERWINS" or the "Company") is excited to announce it has unveiled the blueprint for a revolution in personal transportation - XTURISMO™. AERWINS has developed the technology for its new hovercraft launching to market later this year after receiving necessary approvals from the Japan Civil Aviation Bureau... Read more
GUANGZHOU, China, July 13, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading autonomous aerial vehicle (“AAV”) technology platform company, announced that today it has signed a Memorandum of Understanding (“MOU”) with the Bao’an District Government of Shenzhen municipality on a comprehensive strategic partnership in urban... Read more
SANTA CRUZ, Calif. / Jul 13, 2023 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service, today announced the release of its first annual Environmental, Social, Governance (ESG) report. As part of the Company’s commitment to positive impact, Joby has released its first ESG report, accessible... Read more
SANTA CRUZ, Calif. / Jul 06, 2023 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service, today announced it has submitted all of its Certification Plans to the Federal Aviation Administration (“FAA”), marking further progress toward completing the third of five stages required to certify its... Read more
MUNICH, Germany, July 06, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing jet, announced today that it has successfully completed the fourth and final Design Organization Approval (“DOA”) audit by the European Union Aviation Safety Agency (“EASA”). The successful completion of the DOA audit is a key milestone in Lilium’s... Read more
SANTA CRUZ, Calif. & SEOUL / Jun 29, 2023 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today announced that SK Telecom (NYSE:SKM, “SKT”), South Korea’s leading telecommunications company, is making an equity investment of $100 million in Joby, as part of an expanded partnership between the two companies. The... Read more
Joby has received a Special Airworthiness Certificate for the first aircraft built at its Pilot Production Line in Marina, CA, allowing flight testing to begin The aircraft is expected to become the first ever eVTOL aircraft to be delivered to a customer Production line and aircraft built in close collaboration with strategic partner and investor, Toyota California Governor Gavin Newsom visited... Read more
SANTA CRUZ, Calif. / Jun 28, 2023 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today announced the appointment of Tetsuo “Ted” Ogawa, President and Chief Executive Officer of Toyota Motor North America, Inc., to the Company’s Board of Directors, effective July 1, 2023. Toyota is Joby’s largest external... Read more
COPYRIGHT ©2022 GREEN STOCK NEWS