2022-07-18 | NYSE:EVTL | Press release

  • Vertical’s VX4 will be reviewed for use in airborne emergency medical services (EMS) and cargo transportation
  • Babcock will bring expertise as a global aerospace and defense company with extensive experience in emergency medical services (EMS) and maintenance, repair and overhaul (MRO)
  • Vertical and Babcock will collaborate on the development of MRO capabilities for the VX4

Vertical aeronautics (vertical) [NYSE: EVTL]a global aerospace and technology company pioneering zero-emission aviation, today announces a partnership with Babcock International (Babcock) [LON: BAB]the aerospace, defense and security company to explore new applications for its VX4 eVTOL aircraft.

The VX4 has a proven track record in passenger markets with established airline customers including Virgin Atlantic, aircraft lessors such as Avolon, and helicopter and touring operators such as Bristow and Iberojet. With today’s announcement, Vertical and Babcock will set up a Joint Working Group (JWG) to explore how to use the VX4 in new applications such as airborne EMS and cargo transportation. The VX4 has the potential to transform these types of operations and reduce their carbon impact at a lower overall cost.

The zero-emissions piloted four-passenger VX4 is expected to be able to travel distances of over 100 miles, reach top speeds of over 200 mph, while producing minimal noise and having a low cost per passenger mile.

Babcock has over thirty-five years of EMS experience, flying thousands of missions each year around the world, and is the largest single operator providing Helicopter Emergency Services (HEMS) in the UK. By reducing medical response time, Babcock not only saves lives, but also significantly minimizes the long-term effects of injury. This will include examining how to use the VX4 in vital services such as accident management and emergency transport between hospitals.

The partnership will also see the two companies work on developing modular MRO capabilities to enable cost-effective maintenance of the aircraft in remote and harsh environments. The partnership will also see the two companies work on developing modular MRO capabilities to maximize uptime and enable cost-effective maintenance of the VX4 in service. Leveraging Babcock’s experience in the defense industry, the partnership will also explore how the eVTOL concept can be extended in the future to support armed forces with medium-range logistics delivery and evacuation services. wounded.

Stephen Fitzpatrick, Founder and CEO, Vertical Aerospacesaid “Climate change is the greatest challenge of our time. As in all other fields, the emergency services and logistics sectors must react and adapt. I am delighted that Vertical Aerospace can support Babcock, a trusted provider of emergency response services, in its efforts to decarbonize its operations.”

Phil Craig, Managing Director of British Aviation at Babcockadded: “Partnering with Vertical Aerospace not only allows us to leverage our extensive digital and data expertise across Babcock, but also our reputation as a trusted MRO provider with a highly skilled workforce. As a business, we we are committed to reducing our carbon footprint and this partnership is an exciting step into the world of electric aircraft.Exploring the technological capabilities of the VX4 allows us to understand how it can be used to provide critical care and logistics support in environments difficult with zero emissions.”

About Vertical Aerospace

Vertical Aerospace is a pioneer in electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur, best known as the founder of OVO Group, a leading energy and technology group and Europe’s largest independent energy retailer. . Over the past five years, Vertical has focused on building the most experienced and experienced team in the eVTOL industry, which has over 1,700 combined years of engineering experience, and has certified and supported over 30 different civil and military aircraft and propulsion systems.

Vertical’s premium partner ecosystem is expected to reduce operational execution risks and its path to certification enables a lean cost structure and enables large-scale production. Vertical has a market-leading pre-order backlog in value for over 1,400 aircraft from global customers, creating multiple potential short-term, actionable routes to market. Clients include American Airlines, Virgin Atlantic, Avolon, Bristow, Marubeni, Iberojet and FLYINGGROUP, as well as Japan Airlines (JAL), Gol, Air Greenland, Gozen Holding and AirAsia, through Avolon’s VX4 placements.

Vertical’s common stock and warrants began trading on the NYSE in December 2021 under the symbols “EVTL” and “EVTLW,” respectively.

About the VX4 eVTOL Aircraft

The zero-emissions piloted four-passenger VX4 is expected to be able to travel distances of over 100 miles, reach top speeds of over 200 mph, while producing minimal noise and with a low cost per passenger mile . The VX4 is expected to open up advanced air mobility to a whole new range of passengers and transform the way we travel. Learn more: vertical-aerospace.com

Vertical media kit

Available here

About Babcock

Babcock is an international aerospace, defense and security company, with a leading naval business, providing value added services in many countries including the UK, France, Canada, Australia and South Africa. We help our customers in the UK and around the world improve the capacity, reliability and availability of their most critical assets.

With over 35 years of airborne emergency medical services (EMS) experience, the latest fleet and equipment, the best trained personnel and medical bases in all our countries of operation, Babcock benefits from the trust of its customers, including national ones. and regional government agencies and charities, to provide these vital services.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including including, but not limited to, statements regarding VX4 certification and commercialization and related timelines, differential strategy against its peer group and transition to a net-zero emissions economy, financial performance and performance planned for the fiscal year ending December 31, 2022, together with statements that include the words “expects,” “intent,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “goal,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are not promises or guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: ‘limited operation of Vertical’ without manufactured non-prototype aircraft or eVTOL completed customer order aircraft; Vertical’s loss history as the eVTOL aircraft market is at a relatively early stage; Vertical’s potential inability to produce or launch aircraft in the volumes and on schedule; the possible inability of Vertical to obtain the necessary certifications within the expected timeframes; any accident or incident involving an eVTOL aircraft could adversely affect Vertical’s business; Vertical’s dependence on partners and suppliers for its aircraft components and for operational needs; the possibility that some of Vertical’s strategic partnerships may not materialize into long-term partnership agreements; the pre-orders that Vertical has received for its aircraft are conditional and may be terminated at any time in writing before certain specified dates; any potential failure of Vertical to effectively manage its growth; the impact of COVID-19 on Vertical’s business Vertical has identified material weaknesses in its internal controls over financial reporting and may be unable to remedy material weaknesses; Vertical’s reliance on our management team and other highly qualified personnel; as a foreign private issuer, Vertical follows certain home country corporate governance rules, is not subject to US proxy rules and is subject to the reporting requirements of the Exchange Act which, in to some extent, are more lenient and less frequent than those of a US public company; and other important factors discussed under “Risk Factors” in our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (“SEC”) on April 29, 2022, as these factors may be updated from time to time in other Vertical filings ‘ with the SEC. All forward-looking statements contained in this press release speak only as of the date hereof and, accordingly, undue reliance should not be placed on such statements. Vertical disclaims any obligation or undertaking to update or revise the forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.