FARNBOROUGH, United Kingdom, July 19,
2022 /PRNewswire/ -- Eve Holding, Inc. ("Eve")
(NYSE: EVEX; EVEXW) announced today at the Farnborough Airshow a
non-binding Letter of Intent ("LOI") with Embraer and BAE Systems
to explore the potential order of up to 150 electric vertical
take-off and landing (eVTOL) vehicles with the aim of examining the
aircraft application for the defence and security market. In
a separate announcement, BAE Systems and Embraer signed a
Memorandum of Understanding ("MoU") at Farnborough International
Airshow to potentially form a joint venture to collaboratively
develop an innovative defence eVTOL variant using Eve's
platform.
"Teams from BAE Systems and Embraer will continue working
together to explore how the aircraft, designed for the urban
mobility market, can provide cost-effective, sustainable, and
adaptable capability as a defense variant," said Jackson Schneider, President and CEO of Embraer
Defense & Security.
"Our customers' operating environment is increasingly complex
and eVTOL is just one example of how we're looking at emerging
technologies, including those from the commercial market. We are
exploring how we can adapt these solutions to bring vital
operational capability to our customers quickly and at a lower cost
- whilst also supporting environmental and sustainability goals,"
commented Ian Muldowney, Chief
Operating Officer of BAE Systems Air.
In December 2021, Embraer and BAE
Systems disclosed plans to collaborate on developing Eve's eVTOL as
a potential defence variant. This agreement reinforces the trust of
the leading aerospace organisations in Eve's vehicle and its
adaptability for purposes other than urban air mobility.
Andre Stein, Co-CEO of Eve,
added: "We are thrilled that Embraer and BAE Systems have chosen
Eve as their platform for this collaboration. Our eVTOL can be
adapted to meet various essential applications in this market, such
as humanitarian response and disaster relief. This collaboration
also indicates that the defence market can be more sustainable and
at the same time allows Eve to remain focused on exploring the
Urban Air Mobility market."
The potential order will be added to Eve's current backlog of
1,910 eVTOLS, the largest within the Advanced Air Mobility (AAM)
industry.
Image: https://bit.ly/3uZqtD5
Follow Eve on Twitter: @Eveairmobility
About Eve
Eve is dedicated to accelerating the Urban Air Mobility
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 is listed on the New York Stock Exchange where its
shares of common stock and public warrants trade under the tickers
"EVEX" and "EVEXW". For more information, please visit
www.eveairmobility.com.
About Embraer
A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial
and Executive, Defense & Security and Agricultural Aviation.
The company designs, develops, manufactures, and markets aircraft
and systems, providing Services & Support to customers
after-sales.
Since it was founded in 1969, Embraer has delivered more than
8,000 aircraft. On average, about every 10 seconds an aircraft
manufactured by Embraer takes off somewhere in the world,
transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 150
seats and the main exporter of high value-added goods in
Brazil. The company maintains
industrial units, offices, service, and parts distribution centers,
among other activities, across the Americas, Africa, Asia
and Europe.
About BAE Systems
BAE Systems provides some of the world's most advanced,
technology-led defence, aerospace and security solutions and
employs a skilled workforce of some 89,600 people in more than 40
countries. Working with customers and local partners, we develop
technology that helps to save lives, protect borders and people,
strengthen nations, and keep critical information and
infrastructure secure.
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, Embraer's and BAE Systems' expectations
with respect to the announced agreement and future 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,
Embraer and BAE Systems.
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 realise the anticipated benefits of the
announced agreement between Eve, Embraer and BAE Systems; (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; (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 commercialise 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 materialise 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 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
View original
content:https://www.prnewswire.com/news-releases/eve-announces-a-letter-of-intent-loi-for-up-to-150-evtols-from-partnership-between-embraer-and-bae-systems-301589288.html
SOURCE Eve Holding, Inc.