Eve Announces Collaboration with Skyway Technologies for its Urban Air Traffic Management Solution
MELBOURNE, Fla., October 12, 2022 — Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) has signed a letter of intent with Skyway Technologies Corp. (“Skyway”) to provide Eve’s Urban Air Traffic Management (“UATM”) software solution, ensuring the traffic management for future Urban Air Mobility (“UAM”) solutions supports the needs and growth of the industry.
“Integrating Eve’s UATM solution into Skyway’s air traffic vertiport operation service offerings, further increases industry support for eVTOL sales and pushes Skyway’s services to new heights. This enables airline investments into this sector the ability to close the loop when it comes to operating these aircraft at digitally driven vertiports being developed. It’s an important step forward in bringing UAM to life and we look forward to all the great innovation to come,” said Clifford Cruz, CEO of Skyway.
“The partnership with Skyway will help drive market awareness for Eve as a software supplier to Providers of Services for UAM and help ourselves and others understand how to improve and advance UAM operations,” said Andre Stein, co-CEO of Eve. “We will study the use of Eve’s UATM software solutions for Skyway’s operations and develop an operational model for use in certain missions and regions.”
Eve’s UATM software is an agnostic solution that will enable the integration of all airspace users in the urban environment. This is critical to support the safety, efficiency, and improvement of the entire UAM ecosystem, including fleet and vertiport operators. This new collaboration reinforces Eve’s and Skyway’s commitment to safely integrating and scaling global UAM operations.
Skyway is a navigation service provider for autonomous aircraft and provides operation services for vertiports. They provide airspace deconfliction resolution, aircraft separation services, airspace compliance services to enhance adherence to federal, state, and local regulations, mission planning, risk assessments, aerospace cyber security solutions, vertiport planning services and provide additional emergency response services as a Provider of Services for UAM. Skyway offers its unique proprietary hybrid AI navigation system coupled with human interaction as an operation service, performed at the company’s private air traffic center.
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, 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 warrant trade under the tickers “EVEX” and “EVEXW”. 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 Skyway’s 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 and Skyway.
These forward-looking statements are subject to a number of risks and uncertainties, including, among others: (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 and Skyway; (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 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- eveairmobility.com 1/A filed on August 25, 2022 under the heading “Risk Factors,” and other documents of Eve filed, or to be filed, with the Securities and Exchange Commission (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, while Eve may elect to update these forward-looking statements at some point in the future, Eve specifically disclaims any obligation to do so. 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. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Find the original press release here.