FARNBOROUGH, United Kingdom, July 18,
2022 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX; EVEXW)
today announced that it entered into a letter of intent ("LOI")
with Halo Aviation Ltd. ("Halo"), a provider of bespoke
private Urban Air Mobility ("UAM") travel services, to
collaborate in the development and launch Eve's Urban Air Traffic
Management ("UATM") software solution. As part of the agreement,
Halo will acquire the software from Eve with the objective of using
the software to maximize its UAM operations. It is the first LOI
for Eve's state-of-the-art UATM solution, which will unlock the
value and network performance of the UAM market to enable the safe
scalability of the industry. The companies also intend to develop
an operational model to be deployed in specific missions and
regions in the United States and
the United Kingdom where Halo
operates.
Andrew Collins, President
and CEO of Halo, said: "Eve has demonstrated why they are going to
lead the next generation of flight, and we are extremely excited
about this. Halo is happy to form a unique and collaborative
partnership with Eve as they have spent so much time focused on
more than just the manufacturing of an eVTOL vehicle but, rather,
they are working to deploy a series of agnostic solutions that will
significantly drive the creation and overall network performance of
UAM. In this particular case, we look forward to collaborating with
Eve's team to bring our current operational insight as a leader in
the vertical lift in the US and the UK to help develop and promote
Eve's UATM vision."
"We believe that collaborations such as ours are vital to
fostering a thriving UAM market that will benefit communities and
passengers with a new and additional mode of transport. Eve's
agnostic portfolio of solutions addresses the complexity of UAM
networks, which require holistic and integrated services across the
ecosystem that connect stakeholders to maintain and improve safety,
optimise performance, and reduce operating costs. Halo's
outstanding travel services, coupled with our solutions, make this
partnership extremely promising," said Andre Stein, co-CEO of Eve.
In June of last year, the companies announced the
commencement of their partnership focused on developing UAM
products and services, as well as Halo's non-binding commitment to
order up to 200 of Eve's eVTOLs (electric vertical take-off and
landing vehicle). Eve's UATM software is part of an agnostic
portfolio of solutions that will enable the integration of all
airspace users in the urban environment, which is critical to
supporting the safety, efficiency, and improvement of the entire
UAM ecosystem, including fleet and vertiport operators. This new
collaboration reinforces Eve's and Halo's commitment to safely
integrating and scaling global UAM operations. Eve expects to start
its eVTOL deliveries in 2026.
Follow Eve on Twitter: @Eveairmobility
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About Halo
Halo provides bespoke helicopter and private urban air
mobility travel services in the United
States and the United
Kingdom. Formed through the alignment of Halo Aviation Ltd.
in the U.K. and Associated Aircraft Group (AAG) in the U.S., Halo
offers transportation in the leading helicopter types in their
class piloted by instrument-rated pilots. In the U.K., Halo offers
vertical lift via charter, card, fractional ownership and full
ownership-management programmes. Its fleet of Agusta/Leonardo AW109
and AW169 helicopters dispatch from bases in the south of
England, around London, the Midlands and in the Channel Islands. In the U.S., Halo provides
helicopter charter, fractional ownership and helicopter maintenance
services from its New York,
Teterboro, Bridgeport,
Providence and Philadelphia installations. For more
information, visit
www.fly-halo.com.
About Eve
Eve is dedicated to accelerating the Urban Air Mobility
(UAM) ecosystem. Benefitting from a start-up mindset, backed by
Embraer S.A.'s more than 50-year history of aerospace expertise,
and with a singular focus, Eve is taking a holistic approach to
progressing the UAM ecosystem, with an advanced eVTOL project, a
comprehensive global services and support network and a unique air
traffic management solution. Since May 10,
2022, Eve has been listed on the New York Stock Exchange
where its shares of common stock and public warrants trade under
the tickers "EVEX" and "EVEXW", respectively. For more information,
please visit
www.eveairmobility.com.
Forward-Looking Statements Disclosure
Certain statements in this press release include
"forward-looking statements" within the meaning of the "safe
harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be
identified by the use of words such as "estimate," "plan,"
"project," "forecast," "intend," "will," "expect," "anticipate,"
"believe," "seek," "target", "may", "intend", "predict", "should",
"would", "predict", "potential", "seem", "future", "outlook" or
other similar expressions (or negative versions of such words or
expressions) that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding Eve's and Halo's expectations with respect to
the announced partnership and future performance. These statements
are based on various assumptions, whether or not identified herein,
and on the current expectations of Eve's and Halo's management and
are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as, and must not be relied on by any investor as,
a guarantee, an assurance, a prediction or a definitive statement
of fact or probability. Actual events and circumstances are
difficult or impossible to predict and may differ from assumptions,
and such differences may be material. Many actual events and
circumstances are beyond the control of Eve and Halo.
These forward-looking statements are subject to a number
of risks and uncertainties, including: (i) changes in domestic and
foreign business, market, financial, political and legal
conditions; (ii) failure to realize the anticipated benefits of the
announced partnership between Eve and Halo; (iii) risks relating to
the uncertainty of the projected financial information with respect
to Eve; (iv) the outcome of any legal proceedings that may be
instituted against Eve; (v) future global, regional or local
economic and market conditions, including the growth and
development of the urban air mobility market; (vi) the development,
effects and enforcement of laws and regulations; (vii) Eve's
ability to grow and manage future growth, maintain relationships
with customers and suppliers and retain its key employees; (viii)
Eve's ability to develop new products and solutions, bring them to
market in a timely manner, and make enhancements to its platform;
(ix) Eve's ability to successfully develop, obtain certification
for and commercialize its eVTOL; (x) the effects of competition on
Eve's future business; (xi) the outcome of any potential
litigation, government and regulatory proceedings, investigations
and inquiries; (xii) the impact of the global COVID-19 pandemic and
(xiii) those factors discussed in Eve's Registration Statement on
Form S-1 filed with the Securities and Exchange Commission (the
"SEC") on June 1, 2022 under the
heading "Risk Factors," and other documents of Eve filed, or to be
filed, with the SEC. If any of these risks materialize or our
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that Eve does not presently know or that
Eve currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect Eve's
expectations, plans or forecasts of future events and views as of
the date of this press release. Eve anticipates that subsequent
events and developments will cause the Eve's assessments to change.
However, except as required by applicable law, Eve disclaims any
obligation to update any such forward-looking statements in the
future. These forward-looking statements should not be relied upon
as representing Eve's assessments as of any date subsequent to the
date of this press release and undue reliance should not be placed
upon the forward-looking statements.
Investor Information
https://ir.eveairmobility.com/
Contacts
investors@eveairmobility.com
media@eveairmobility.com
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SOURCE Eve Holding, Inc.