Lilium expands POWER-ON, creating Comprehensive Solutions Portfolio with Leading Digital Innovators
July 21 2024 - 12:00PM
Lilium N.V. (Nasdaq: LILM), a leading electric aircraft
manufacturer and pioneer in Regional Air Mobility (RAM), today
announced the next phase of its “POWER-ON” Aftermarket Services
portfolio, providing a suite of digital solutions to ensure
efficient and seamless operation of the Lilium Jet.
The digital suite includes flight planning and
aircraft performance ground and Electronic Flight bag solutions, a
customer portal with access to technical publications and health
monitoring and other ground operations and safety solutions for its
customer base. The portal will integrate AI functions for more
efficient workflows. These digital systems represent another step
towards the Lilium Jet’s planned entry into service in 2026 and
reflect the importance of robust digital systems for safe and
efficient operations. It represents an integral part of the
company’s industry-first service organization, Lilium POWER-ON,
which will provide a full portfolio of services for all aspects of
the daily operations of the aircraft.
Initial partners are already contributing to
Lilium’s flight test campaign as part of the first phase. This
includes Microsoft’s Azure cloud solution for monitoring the health
of the aircraft for flight test clearance. As development
continues, the offering will expand to integrate additional
critical capabilities for efficient flight planning for the Lilium
Jet leveraging proprietary algorithms for Lilium’s energy and
propulsion systems, and ground operations/vertiport management
systems suitable for various types of landing sites and operating
models.
“POWER-ON” aims to also develop and offer
solutions for passenger check-in and biometric vertiport security
screening, working with Amadeus, a leading travel technology
company to integrate with Amadeus’ existing wide range of airport
IT solutions, and also ensure that Amadeus’ global reservation and
distribution systems can be used for eVTOL operations.
It will also include Flight Data Monitoring via
GE Aerospace’s Event Management System for safety management and
training improvement. Additionally, customers will be able to
access technical documents and ask for engineering support through
a dedicated customer portal—which will integrate AI functions for
more efficient workflows.
Lilium POWER-ON is Lilium’s services offering
for customers and partners, comprising battery management,
maintenance, flight operations, training, and digital solutions.
Announced earlier this year, Lilium POWER-ON ensures that Lilium
partners can access the resources they need while enabling
seamless, efficient services and robust aftermarket products.
Further partnerships for Lilium’s digital portfolio will be
announced shortly.
Sebastien Borel, Chief Commercial
Officer of Lilium, said: “We are thrilled to be developing
a comprehensive digital portfolio that will set new standards in
the Regional Air Mobility market and to be working with such
esteemed partners. Our goal is to ensure that every aspect of
operating the Lilium Jet is as efficient, safe, and seamless as
possible: our unique Lilium POWER-ON offering, which now includes
this rich portfolio of essential operational solutions, ensures our
operators can access an incredibly comprehensive suite of services
for Lilium Jet operations. Leveraging the unique capabilities of
our digital partners ensures that we can benefit from established
best-in-class solutions that our operators are already familiar
with.”
Contact information for media:Christine
PierkCommunications Manager +49 151 539 199 45press@lilium.com
Contact information for investors:Rama
Bondada,Vice President, Investor RelationsInvestors@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, the UK, the United Arab Emirates, and the Kingdom of Saudi
Arabia, Lilium’s 1,000+ strong team includes approximately 500
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.
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 intends
to operate; (iii) the Lilium Group’s progress towards type
certification (and type certificate validation) of its Lilium Jet
with EASA and the FAA; and (iv) the Lilium Group’s partnerships
with Microsoft, Amadeus, and GE Aerospace, as discussed herein.
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 are subject to risk 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
those risks and uncertainties discussed in Lilium’s filings with
the U.S. Securities and Exchange Commission (the “SEC”), including
in the section titled “Risk Factors” in our Annual Report on Form
20‐F for the year ended December 31, 2023, 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 Lilium
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.
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