Eve Names Suppliers for eVTOL Sensors, Guidance and Navigation, Seats, and Flight Controls

Eve Names Suppliers for eVTOL Sensors, Guidance and Navigation, Seats, and Flight Controls

Thales, Honeywell, RECARO Aircraft Seating, and FACC sign long-term supply agreements

MELBOURNE, Fla. – Jan. 29, 2024 – Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) has named four additional suppliers for its electric vertical takeoff and landing (eVTOL) aircraft. Thales will supply a proven air data solution, comprising sensors and a computer while Honeywell (NYSE: HON) will supply guidance, navigation and external lighting for the aircraft. RECARO Aircraft Seating will supply the eVTOL’s seats and FACC will supply the horizontal and vertical tail including the rudder and elevator.

“We continue to be on schedule with our master plan and we are building a strong and reputable list of qualified suppliers for our eVTOL aircraft,” said Johann Bordais, CEO of Eve Air Mobility. “We have been very deliberate in establishing a long-term working relationship with each of our suppliers.  Each agreement covers the aircraft’s life cycle including prototype, production, and aftermarket service and operational support. We look forward to working with Thales, Honeywell, RECARO and FACC as we progress toward entry into service in 2026 and well into the future.”

Honeywell will supply guidance and navigation products including magnetometers, GPS-aided attitude & heading reference systems, and inertial reference systems built upon decades of engineering and manufacturing experience. These systems will relay and aid the pilots and other onboard systems to ensure safe and efficient flight.  The company will also supply external lighting for the aircraft.

Thales will supply a proven air data solution, comprising sensors and computers, which gather critical data such as airspeed, altitude and environmental conditions. The solution then relays the information to pilots and onboard systems to ensure safe and efficient flight in all weather conditions.

RECARO Aircraft Seating, a global supplier of premium aircraft seats for airlines, OEMs and eVTOL aircraft, was selected to design, certify and produce the four passenger seats and one pilot seat for the aircraft. RECARO is widely recognized for product innovation, award-winning customer service and commitment to reliability, efficiency and sustainable practices.

FACC was selected to lead the development and production of the eVTOL’s horizontal and vertical tail including its rudder, elevator and the aircraft’s aileron.  FACC is recognized for its production of lightweight components relying on innovative manufacturing techniques and technology.

These new suppliers are in addition to Garmin, Liebherr Aerospace and Intergalactic that were announced in October and Nidec Aerospace LLC, a joint venture between Japan’s Nidec Corporation and Brazil’s Embraer, BAE Systems and DUC Hélices Propellers which were announced at the Paris Air Show this past summer.

Eve’s eVTOL aircraft utilizes a lift+cruise configuration with eight dedicated propellers for vertical flight and fixed wings to fly on cruise, with no change in the position of these components during flight. The latest concept includes an electric pusher powered by dual electric motors that provide propulsion redundancy while ensuring high performance and safety. While offering numerous advantages including lower cost of operation, fewer parts, optimized structures and systems, it has been developed to offer efficient thrust with low sound.

In July, the company announced that its first eVTOL production facility will be located in the city of Taubaté, in the state of São Paulo, Brazil. The company has begun assembly of its first full-scale eVTOL prototype which will be followed by a test campaign in 2024. Eve’s eVTOL is scheduled to begin deliveries and enter into service in 2026.

Concurrently, Eve continues to develop a comprehensive portfolio of agnostic service and operations solutions, including a unique Urban Air Traffic Management (Urban ATM) software to optimize and scale Urban Air Mobility operations worldwide.

Image: https://eve.imagerelay.com/share/8b94f41260df4daca4b96785d9131cce

Follow Eve on Twitter, Instagram, Facebook, LinkedIn and YouTube: @EveAirMobility.

About Eve Air Mobility

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 warrants trade under the tickers “EVEX” and “EVEXW”. For more information, please visit www.eveairmobility.com.

Contacts:

Eve Air Mobility: [email protected]

Forward-Looking Statement Disclosure

Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” “would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if current trends continue,” “optimistic,” “forecast” and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company’s plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of the company’s most recent Annual Report on Form 10-K, Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company’s most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company’s other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.

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