Joby Completes Acquisition of Radar Developer Inras GmbH
December 21 2021 - 4:05PM
Business Wire
- Five-person team is based in Linz, Austria, an emerging cluster
for RF engineering
- Team will expand Joby’s advanced in-house R&D capability to
support the development of purpose-built radar systems for Joby’s
onboard sensing and navigation
Joby Aviation Inc. (NYSE:JOBY), a California-based company
developing all-electric aircraft for commercial passenger service,
today announced its acquisition of Inras GmbH, a leader in radar
system design based in Linz, Austria.
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Linz, Austria-based radar systems
developer Inras joins Joby to support the development of
purpose-built radar systems for onboard sensing and navigation.
(Photo: Business Wire)
Co-founded by Andreas Haderer and Andreas Stelzer, the
five-person team brings academic and commercial leadership in the
design of radiofrequency (RF) systems, processing boards, real-time
signal processing and advanced radar sensors. Stelzer is Chair of
Johannes Kepler University’s renowned RF-Systems Department, where
he has been a professor since 2011.
“We look forward to integrating our advanced sensing technology
into Joby’s electric air taxi. The technology we have developed
will improve the aircraft’s onboard detection and navigation
capabilities in preparation for scaled operations,” said
Stelzer.
“As we grow our team here in Linz, we’re thrilled to further
develop RF systems that are foundational to the future of
sustainable aviation.”
Joby’s acquisition of Inras is emblematic of the Company’s
strategy to maintain leadership in key advanced technologies by
seeking out proven leaders in their field — wherever they are in
the world. The transaction will see Stelzer and Haderer’s team
remain in Linz, a growing hotbed for RF-related commercial and
research activity, with additional resources.
“We have been continually impressed with Inras since we began
working with them to develop custom radar systems for our
aircraft,” said JoeBen Bevirt, Founder and CEO of Joby.
“They are leaders in solving the challenges associated with
airborne sensing and autonomy and we are excited to welcome them to
Joby as we move toward integrating more advanced detection
capabilities in the future,” Bevirt added.
With a maximum range of 150 miles recently demonstrated during
flight testing, and a top speed of 200 mph, Joby’s all-electric
aircraft is designed to carry four passengers and a pilot with zero
operating emissions. The Company began flying full-scale prototypes
in 2017 and has completed more than 1,000 flight tests. Joby aims
to launch passenger service in 2024, offering a fast, clean, and
quiet way for people to move within congested metropolitan areas
and other communities.
Joby recently listed on the New York Stock Exchange (“NYSE”)
under the ticker symbol “JOBY.”
ABOUT JOBY AVIATION
Joby Aviation, Inc. (NYSE:JOBY) is a California-headquartered
transportation company developing an all-electric vertical takeoff
and landing aircraft which it intends to operate as part of a fast,
quiet, and convenient air taxi service beginning in 2024. The
aircraft, which has a maximum range of 150 miles on a single
charge, can transport a pilot and four passengers at speeds of up
to 200 mph. It is designed to help reduce urban congestion and
accelerate the shift to sustainable modes of transit. Founded in
2009, Joby employs around 1,000 people, with offices in Santa Cruz,
San Carlos, and Marina, California, as well as Washington, D.C. and
Munich, Germany. To learn more, visit www.jobyaviation.com.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding the development and performance of our
aircraft including our initial plant capacity and regulatory
outlook; our business plan, objectives, goals and market
opportunity; and our current expectations relating to our business,
financial condition, results of operations, prospects and capital
needs. You can identify forward-looking statements by the fact that
they do not relate strictly to historical or current facts. These
statements may include words such as “anticipate”, “estimate”,
"expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”,
“should”, “can have”, “likely” and other words and terms of similar
meaning in connection with any discussion of the timing or nature
of future operating or financial performance or other events. All
forward looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including: our
limited operating history and history of losses; our ability to
launch our aerial ridesharing service and the growth of the urban
air mobility market generally; our plans to operate a commercial
passenger service beginning in 2024; the competitive environment in
which we operate; our future capital needs; our ability to
adequately protect and enforce our intellectual property rights;
our ability to effectively respond to evolving regulations and
standards relating to our aircraft; our reliance on a third-party
suppliers and service partners; uncertainties related to our
estimates of the size of the market for its aircraft and future
revenue opportunities; and other important factors discussed in the
section titled “Risk Factors” in our Registration Statement on Form
S-1 (File No. 333-260608), filed with the Securities and Exchange
Commission on October 29, 2021, and in other reports we file with
or furnish to the Securities and Exchange Commission. Any such
forward-looking statements represent management’s estimates and
beliefs as of the date of this press release. While Joby may elect
to update such forward-looking statements at some point in the
future, it disclaims any obligation to do so, even if subsequent
events cause its views to change.
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Investors: investors@jobyaviation.com +1-831-201-6006
Media: press@jobyaviation.com
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