TJG
1 year ago
Nice News Out This Morning:
https://finance.yahoo.com/news/lilium-jet-becomes-first-evtol-113000380.html
Lilium Jet Becomes First eVTOL for Private Sale in the U.S. in Pioneering Partnership with EMCJET
LILM
+6.38%
Lilium GmbH
Wed, October 18, 2023 at 6:30 AM CDT
In this article:
LILM
+6.38%
Watchlist
Watchlist
Patternyahoo plus badge
Bullish
trade type L
Lilium GmbH
Lilium GmbH
Lilium has opened private sales of its eVTOL jets in the U.S. market
Lilium Pioneer Edition Jet flying over Dallas
Lilium Pioneer Edition Jet flying over Dallas
Texas-based EMCJET, responding to premium market interest, secures production slots for the first U.S. Lilium Pioneer Edition Jets
Marks the first time Lilium Jets, or any eVTOL aircraft, will be available for private purchase in the U.S. market
Initial sales focus will be on customers in key Texas cities including Austin, Houston, San Antonio, and Dallas
HOUSTON, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has today opened private sales of its eVTOL jets in the U.S. market, in partnership with EMCJET, an industry-leading full-service aircraft brokerage and management company. EMCJET is set to be the exclusive Lilium dealer in Texas through 2030 for private sales. Under the terms of the partnership, which includes a commercial commitment to Lilium for five production slots, EMCJET will enable individuals to purchase some of the first Lilium Pioneer Edition Jets available in the U.S. market. This announcement is the first step in unlocking the U.S. private aviation market, the largest private aviation market, for Lilium and follows Lilium’s commercial strategy to start in the premium market before expanding to the airline and passenger shuttle market.
EMCJET, renowned for its expertise in international aircraft trading and services, is dedicated to offering customers a seamless and sophisticated experience when it comes to buying, selling, and acquiring aircraft. The Lilium Jet will be available countrywide, with the initial focus on key cities in Texas, including Austin, Houston, San Antonio, and Dallas, aligning with Texas' commitment to sustainability, delivering efficient and eco-friendly transportation choices for residents and visitors.
“We are thrilled to partner with EMCJET as we embark on our mission to revolutionize regional air mobility in the United States. EMCJET’s proven track record of private premium market jet sales in the U.S. and managing privately owned aircraft and exceptional customer service aligns seamlessly with Lilium's vision of delivering an unparalleled flying experience to our potential customers,” said Sebastien Borel, Chief Commercial Officer at Lilium.
The Lilium Pioneer Edition Jet is Lilium’s planned first edition version of the Lilium Jet being sold to private individuals across the globe. The Lilium Jet is an all-electric vertical take-off and landing jet, designed to offer leading capacity, low noise, and high performance with zero operating emissions purpose-built for regional connectivity.
“EMCJET is excited to be at the forefront of introducing Lilium's groundbreaking eVTOL technology to the Texas and U.S. markets,” said Memo Montemayor, Founder & CEO of EMCJET. “Our client-first mentality ensures that we deliver superior value and expert attention required in making sound private aviation investments and introducing our clients to the most innovative modern technology for current and future market practices. This partnership with Lilium will allow us to serve our well-established network of aviation enthusiasts with the latest technological advancements and continue to provide exceptional service and results that our clients deserve and depend on.”
The agreement with EMCJET marks Lilium’s fourth dealer globally.
“Dealers and aircraft management companies are eager to partner with Lilium on jet sales to help decarbonize general aviation and provide an elevated flying experience, all while being incredibly efficient to operate,” added Borel.
Contact information for media:
Meredith Bell
Vice President, External Communications
+41794325779
press@lilium.com
Contact information for investors:
Rama Bondada
Vice President, Investor Relations
investors@lilium.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, designed to offer leading capacity, low noise, and high performance with zero operating emissions, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology, and infrastructure leaders, and with announced sales and indications of interest in Europe, the United States, China, Brazil, UK, and the Kingdom of Saudi Arabia, Lilium’s 800+ strong team includes approximately 450 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S. To learn more, visit www.lilium.com.
About EMCJET
EMCJET, based in the vibrant city of Houston, Texas, is the embodiment of private aviation excellence. With a proven track record in aircraft management and a reputation built on unwavering trust as aviation brokers, we set the standard for precision, bespoke aviation services. In the world of private aviation, EMCJET is propelling individuals and organizations to unparalleled success through the fusion of trust, transparency, and industry expertise. For a comprehensive overview explore our website at https://www.emcjet.com/
Lilium Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including, but not limited to, statements regarding (i) Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business model, (ii) the markets and industry in which the Lilium Group operates or intend to operates, (iii) the anticipated timing of the commercialization and launch of the Lilium Group’s business in phases, (iv) the Lilium Group’s partnership with EMCJET and the prospective sale of Lilium Jets in the United States and globally. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “could,” “expect,” “estimate,” “future,” “intend,” “may,” “on track,” “plan,” “project,” “should,” “strategy,” “will,” “would” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on management’s current expectations with respect to future events and are based on assumptions and subject to risks and uncertainties that are subject to change at any time. Actual events or results may differ materially from those contained in the forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this press release include (but are not limited to) the risk that Lilium experiences delays in obtaining, or fails to obtain, type certification for the Lilium Jet in Europe, the United States and/or the other markets in which it conducts or intends to conduct sales activities, as well as those risks and uncertainties discussed in Lilium N.V.’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including in the section titled “Risk Factors” in Lilium N.V.’s Annual Report on Form 20-F for the year ended December 31, 2022, on file with the SEC, and similarly titled sections in Lilium’s other SEC filings, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and the Lilium Group assumes no obligation to, and does not intend to, update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/09398a69-0bb0-4d72-be4b-0b59ad89ac8c
Pisd
1 year ago
Lilium Starts Assembly of the Lilium Jet’s Revolutionary Electric Propulsion System
9:30 AM ET, 09/26/2023 - GlobeNewswire
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) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it is starting assembly of the Lilium Jet’s revolutionary electric propulsion system at its dedicated propulsion facility located next to its headquarters in Wessling, Germany. The announcement marks another exciting milestone on the targeted path towards industrialization and commercial entry into service of the Lilium Jet and reconfirms Lilium’s roadmap towards achieving first manned flight of the aircraft in late 2024.
Yves Yemsi, COO of Lilium, said: “The start of propulsion assembly represents a significant step towards industrializing the Lilium Jet. In the coming weeks we will be systematically working towards validating our manufacturing capabilities and preparing to deliver the propulsion units for initial aircraft integration and type-certification.”
Klaus Roewe, CEO of Lilium, commented: “Today’s announcement brings us one big step closer to the dawn of a new, sustainable jet era. The iconic, sleek aircraft design is a key differentiator of the Lilium Jet. Thanks to the unique propulsion system and aerodynamic jet architecture, I believe the Lilium Jet will set the benchmark for the eVTOL industry, opening the way for superior performance, unit economics and comfort. 95% of commercial airplanes today use jet engines, which offer high safety in addition to the best cabin experience with low vibration and noise, combined with great payload and range potential.”
Daniel Wiegand, Lilium Co-Founder and Chief Engineer for Innovation & Future Programs remarked: “For my fellow co-founders and myself, the start of industrial assembly of the Lilium Jet’s propulsion unit marks a special moment. It was our shared belief in the radical potential of our electric jet technology that formed the nucleus of our company and that has driven Lilium forward ever since. I’m more convinced than ever that our vision of a sustainable new form of high speed and affordable regional transportation will become a commercial reality.”
In the first phase of assembly, the propulsion system’s rotating parts, including the shaft, magnets and titanium compressor fan are assembled and mated with the associated static components such as the e-motor stator and guide vanes (for structural support and cooling). These are then integrated into the high performing engine. In the next phase later this year, the electric engines will be integrated into the Lilium Jet’s propulsion mounting system, the unique flap structure that forms the rear part of the wings and front canards and that houses the propulsion and vectoring systems responsible for vertical and horizontal flight.
Successful testing of propulsion subsystems
The start of assembly follows extensive testing of propulsion subsystems delivered by suppliers: the custom-designed aircraft e-motor, developed and built-in collaboration with Denso and Honeywell; the titanium compressor fan, developed and built in collaboration with Aeronamic; and electric motor bearings built in collaboration with SKF.
In July this year, Lilium completed testing of a full-size prototype Lilium Jet fan and stator at Jetpel’s facilities, one of Germany’s leading aviation technology centers, which confirmed the fan design’s robust operating parameters. Additionally, testing has started on a prototype e-motor, for its mechanical, electrical, and thermal performance. The Lilium Jet e-motor has been designed to deliver industry-leading power density of over 100kW from a system weighing just over 4kg.
Lilium
Contact information for media:
Meredith Bell
Vice President, External Communications
+41794325779
press@lilium.com
Contact information for investors:
Rama Bondada
Vice President, Investor Relations
investors@lilium.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, offering leading capacity, low noise, and high performance with zero operating emissions, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology, and infrastructure leaders, and with announced sales and indications of interest in Europe, the United States, China, Brazil, UK, and the Kingdom of Saudi Arabia, Lilium’s 800+ strong team includes approximately 450 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S. To learn more, visit www.lilium.com.
News
Market Data
Customized watchlists with full streaming quotes from leading exchanges, such as NASDAQ, NYSE, AMEX, OTC Markets Small-Cap, LSE and more.
dinogreeves
5 hours ago
LowFloatLopes
7 hours ago
green maschine
10 hours ago
elks
11 hours ago
Esa
2 months ago
Monksdream
2 months ago
watchergrow
8 months ago
