Lilium N.V. (NASDAQ: LILM), developer of the first all-electric
vertical take-off and landing (“eVTOL”) jet, announced today that
it is starting assembly of the Lilium Jet’s revolutionary electric
propulsion system at its dedicated propulsion facility located next
to its headquarters in Wessling, Germany. The announcement marks
another exciting milestone on the targeted path towards
industrialization and commercial entry into service of the Lilium
Jet and reconfirms Lilium’s roadmap towards achieving first manned
flight of the aircraft in late 2024.
Yves Yemsi, COO of Lilium, said: “The start of
propulsion assembly represents a significant step towards
industrializing the Lilium Jet. In the coming weeks we will be
systematically working towards validating our manufacturing
capabilities and preparing to deliver the propulsion units for
initial aircraft integration and type-certification.”
Klaus Roewe, CEO of Lilium, commented: “Today’s
announcement brings us one big step closer to the dawn of a new,
sustainable jet era. The iconic, sleek aircraft design is a key
differentiator of the Lilium Jet. Thanks to the unique propulsion
system and aerodynamic jet architecture, I believe the Lilium Jet
will set the benchmark for the eVTOL industry, opening the way for
superior performance, unit economics and comfort. 95% of commercial
airplanes today use jet engines, which offer high safety in
addition to the best cabin experience with low vibration and noise,
combined with great payload and range potential.”
Daniel Wiegand, Lilium Co-Founder and Chief
Engineer for Innovation & Future Programs remarked: “For my
fellow co-founders and myself, the start of industrial assembly of
the Lilium Jet’s propulsion unit marks a special moment. It was our
shared belief in the radical potential of our electric jet
technology that formed the nucleus of our company and that has
driven Lilium forward ever since. I’m more convinced than ever that
our vision of a sustainable new form of high speed and affordable
regional transportation will become a commercial reality.”
In the first phase of assembly, the propulsion
system’s rotating parts, including the shaft, magnets and titanium
compressor fan are assembled and mated with the associated static
components such as the e-motor stator and guide vanes (for
structural support and cooling). These are then integrated into the
high performing engine. In the next phase later this year, the
electric engines will be integrated into the Lilium Jet’s
propulsion mounting system, the unique flap structure that forms
the rear part of the wings and front canards and that houses the
propulsion and vectoring systems responsible for vertical and
horizontal flight.
Successful testing of propulsion
subsystems
The start of assembly follows extensive testing
of propulsion subsystems delivered by suppliers: the
custom-designed aircraft e-motor, developed and built-in
collaboration with Denso and Honeywell; the titanium compressor
fan, developed and built in collaboration with Aeronamic; and
electric motor bearings built in collaboration with SKF.
In July this year, Lilium completed testing of a
full-size prototype Lilium Jet fan and stator at Jetpel’s
facilities, one of Germany’s leading aviation technology centers,
which confirmed the fan design’s robust operating parameters.
Additionally, testing has started on a prototype e-motor, for its
mechanical, electrical, and thermal performance. The Lilium Jet
e-motor has been designed to deliver industry-leading power density
of over 100kW from a system weighing just over 4kg.
LiliumContact
information for media:Meredith Bell Vice President,
External Communications +41794325779 press@lilium.com
Contact information for
investors: Rama BondadaVice President, Investor Relations
investors@lilium.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable
and accessible mode of high-speed, regional transportation for
people and goods. Using the Lilium Jet, an all-electric vertical
take-off and landing jet, offering leading capacity, low noise, and
high performance with zero operating emissions, Lilium is
accelerating the decarbonization of air travel. Working with
aerospace, technology, and infrastructure leaders, and with
announced sales and indications of interest in Europe, the United
States, China, Brazil, UK, and the Kingdom of Saudi Arabia,
Lilium’s 800+ strong team includes approximately 450 aerospace
engineers and a leadership team responsible for delivering some of
the most successful aircraft in aviation history. Founded in 2015,
Lilium’s headquarters and manufacturing facilities are in Munich,
Germany, with teams based across Europe and the U.S. To learn more,
visit www.lilium.com.
Lilium Forward Looking
Statements
This press release contains certain
forward-looking statements within the meaning of the U.S. federal
securities laws, including, but not limited to, statements
regarding (i) Lilium N.V.’s and its subsidiaries (collectively, the
“Lilium Group”) proposed business and business model, (ii) the
markets and industry in which the Lilium Group operates or intends
to operate, (iii) the anticipated timing of the commercialization
and launch of the Lilium Group’s business in phases, (iv) our
ability to successfully patent our intellectual property and the
future performance of our innovations, (v) the expected results of
the Lilium Group’s business and business model, including when
launched in phases, and (vi) the timing of Lilium’s targeted
regulatory milestones. These forward-looking statements generally
are identified by the words “anticipate,” “believe,” “could,”
“expect,” “estimate,” “future,” “intend,” “may,” “on track,”
“plan,” “project,” “should,” “strategy,” “will,” “would” and
similar expressions. Forward-looking statements are predictions,
projections, and other statements about future events that are
based on management’s current expectations with respect to future
events and are based on assumptions and subject to risk and
uncertainties and subject to change at any time. Actual events or
results may differ materially from those contained in the
projections or forward-looking statements. Factors that could cause
actual future events to differ materially from the forward-looking
statements in this press release include those discussed in
Lilium’s filings with the U.S. Securities and Exchange Commission
(the “SEC”), including in the section titled “Risk Factors” in our
Annual Report on Form 20-F for the year ended December 31, 2022, on
file with the SEC, all of which are available at www.sec.gov.
Forward-looking statements speak only as of the date they are made.
You are cautioned not to put undue reliance on forward-looking
statements, and the Company assumes no obligation to, and does not
intend to, update, or revise these forward-looking statements,
whether as a result of new information, future events or
otherwise.
Lilium NV (NASDAQ:LILM)
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Lilium NV (NASDAQ:LILM)
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