Lilium N.V. (NASDAQ: LILM) (“Lilium”), developer of the first
all-electric vertical take-off and landing (“eVTOL”) jet, has
selected Astronics Corporation (NASDAQ: ATRO), a leading provider
of advanced technologies for global aerospace, defense, and other
mission-critical industries, to design, develop, and build the
Lilium Jet’s electrical power distribution system.
Power distribution units play a critical role
within the Lilium Jet’s innovative electrical power system.
Astronics will be responsible for the secondary power distribution
units (SPDUs) and charging power distribution units (CPDUs).
Lilium Jets will each be equipped with two SPDUs
and one CPDU. SPDUs are responsible for high voltage (1000 VDC) to
low voltage (28 VDC) conversion and for low voltage distribution
and protection. Compact and light weight, the SPDUs ensure a
reliable supply of power from the batteries to the aircraft’s
critical systems, including flight controls, avionics, navigation,
communication, sensors, internal and external lights, and passenger
comfort.
The CPDU manages the battery charging operation,
as well as providing additional and dissimilar sources for high
voltage to low voltage power conversion and low voltage power
distribution, which minimizes common-cause failure modes between
the CPDU and SPDU. It also provides an additional layer of aircraft
safety by monitoring insulation, detecting, and reporting short
circuit risks across the system.
The supplier agreement follows over a year of
collaborative work between the two companies and marks a further
key milestone in the industrialization of the Lilium Jet.
Astronics is one of the leading Tier 1 aerospace
suppliers in its field, providing innovative power, lighting, and
connectivity solutions for aircraft including major commercial
aircraft OEMs such as Airbus, Boeing, and Embraer. Astronics also
offers complete design, integration, and certification services.
The company leads many industry working groups in its field and is
a leader for high voltage power distribution in aviation.
Martin Schuebel, Senior Vice President
Procurement at Lilium, said: “Astronics is our ideal partner for
this very important component of our aircraft. It is our intention
to collaborate with the best aerospace suppliers and leverage their
expertise. Astronics’ expertise is unique, and their collaborative
approach makes them a perfect match for us. The partnership will
also help pave the way for the coming industrial ramp-up.”
Jon Neal, President of Astronics Advanced
Electronic Systems, said: “Astronics is thrilled to announce Lilium
as a launch customer for our CorePower® high voltage products
designed for the More Electric Aircraft and eVTOL platforms. This
partnership demonstrates the flexibility of our products and our
close collaboration with our customers. Astronics is excited to
join Lilium in being a part of the evolution of aviation moving
towards cleaner, more sustainable, and accessible modes of
transportation.”
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 planned
launch networks announced in Germany, the United States and Brazil,
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 Astronics Corporation
Astronics Corporation (NASDAQ: ATRO) serves the
world’s aerospace, defense, and other mission critical industries
with proven, innovative technology solutions. Astronics works
side-by-side with customers, integrating its array of power,
connectivity, lighting, structures, interiors, and test
technologies to solve complex challenges. For over 50 years,
Astronics has delivered creative, customer-focused solutions with
exceptional responsiveness. Today, global airframe manufacturers,
airlines, militaries, completion centers and Fortune 500 companies
rely on the collaborative spirit and innovation of Astronics. The
Company’s strategy is to increase its value by developing
technologies and capabilities that provide innovative solutions to
its targeted markets.
For more information on Astronics and its
solutions, visit Astronics.com.
Contact information for
media:
Meredith Bell,
Lilium+41794325779Meredith.bell@lilium.com
Astronics AESJon Neal, PresidentT: +1
425.339.0281jon.neal@astronics.com
Contact information for Astronics
Investors:
Deborah K. Pawlowski, Kei Advisors LLCT:
716-843-3908dpawlowski@keiadvisors.com
Forward-Looking
Statements
This communication contains certain forward-looking statements
within the meaning of the federal securities laws, including, but
not limited to, statements regarding Lilium N.V.’s proposed
business and business model, the markets and industry in which
Lilium N.V. and its subsidiaries (collectively, the “Lilium Group”)
operate or intend to operate, Lilium’s collaboration with Astronics
on the design, manufacture and supply of the Lilium Jet’s power
distribution unit, the anticipated timing of the commercialization
and launch of the Lilium Group’s business in phases and the
expected results of the Lilium Group’s business and business model,
including when launched in phases. These forward-looking statements
generally are identified by the words “believe,” “project,”
“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” 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 risk and uncertainties and subject to
change at any time. Actual events or results may differ materially
from those contained in the projections or forward-looking
statements. Factors that could cause actual future
events to differ materially from the forward-looking statements in
this communication include those discussed in Lilium’s filings with
the U.S. Securities and Exchange Commission (“SEC”), including its
Annual Report on Form 20-F, all of which are available at
www.sec.gov. For more information, see the section entitled
“Cautionary Note Regarding Forward-Looking Statements” in Lilium’s
Annual Report on Form 20-F and in other filings. 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/2fc9415c-9872-4838-8d2b-ee1759804fe7
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