Latest news with #electricaviation
Yahoo
17-07-2025
- Business
- Yahoo
Vertical Aerospace Completes World First Public Airport-to-Airport Flight
Completes first airport-to-airport flight by a full-scale, piloted winged tilt-rotor eVTOL designed for commercial service VX4 prototype flew from Cotswold Airport to RAF Fairford ahead of its appearance at the Royal International Air Tattoo - the world's largest military airshow Demonstrates integration with real-world airport operations and builds momentum toward certified deployment RIAT appearance showcases VX4's potential for defence and special missions, following the launch of Vertical's hybrid-electric programme LONDON & NEW YORK, July 17, 2025--(BUSINESS WIRE)--Vertical Aerospace (Vertical) (NYSE: EVTL) ("Vertical" or the "Company"), a global aerospace and technology company that is pioneering electric aviation, today announces that it completed the world's first airport-to-airport piloted flight by a full-scale, winged tilt-rotor eVTOL designed for commercial service. Following Flight Conditions and Permit to Fly approvals from the UK Civil Aviation Authority (CAA), the VX4 prototype flew to the Royal International Air Tattoo (RIAT), the world's largest military air show, where it will be on display from 18-20 July. Inaugural airport to airport flight On Wednesday, 16 July, the piloted VX4 prototype flew 17 miles from Vertical's Flight Test Centre at Cotswold Airport to RAF Fairford, a Royal Air Force station which is used by the United States Airforce, reaching speeds of 115mph and an altitude of 1800ft. The flight marked the aircraft's first landing at a public location. The inaugural flight, witnessed by a few thousand aircraft enthusiasts, showcases integration with real-world airport operations and builds momentum toward certified deployment. Simon Davies, Vertical's Chief Test Pilot, who flew the full scale VX4 prototype, said: "Flying the VX4 from airport to airport is a major milestone, and a powerful demonstration of the real-world capability of the aircraft. To bring it to RIAT, among some of the world's most advanced military aircraft, is a proud moment – and a powerful signal of the role that a new generation of aircraft will play in defence and special mission operations." Only electric aircraft to be showcased at the Royal International Air Tattoo Vertical is showcasing its full scale VX4 prototype – the only electric aircraft presence at RIAT 2025 – as part of its broader strategy to unlock new hybrid-electric applications in defence, logistics, and special missions. With the recent launch of its hybrid-electric variant, Vertical is positioned to deliver cleaner, quieter, and more versatile aviation solutions for a range of government and military use cases. Vertical's second-generation hybrid-propulsion system, which has been in development for 18 months at the Vertical Energy Centre, will be retrofitted into one of the company's VX4 full scale prototypes and is expected to commence flight testing in Q2 2026. Stuart Simpson, CEO of Vertical Aerospace, said: "RIAT is a global stage for the most advanced, mission-ready aerospace technology, and we're proud to showcase how electric aviation will support the future of defence. Our hybrid-electric roadmap unlocks new capabilities for military operations, and Vertical's RIAT presence reinforces our commitment to playing a meaningful role in the future of military and special mission aviation." Visitors can see the VX4 prototype on display at RIAT from 18-20 July. With over 200,000 visitors expected and participation from more than 25 nations, RIAT offers Vertical a valuable platform to engage defence stakeholders, investors, and the global aerospace community on emerging opportunities. The event is organised by the Royal Air Force Charitable Trust, with proceeds supporting aviation education and youth development. Peter Reoch, Head of Air Operations at Royal Air Force Charitable Trust Enterprises, said: "Great to see Vertical Aerospace and their prototype aircraft, which is based at Cotswold Airport, showing the innovation of aviation. It will be on static display for all three days at this year's Royal International Air Tattoo and will show visitors the future of sustainable aviation and electric powered flight." About VX4 hybrid-electric variant New long-range variant will be adapted from the all-electric VX4, targeted for certification to the highest safety standards in 2028: Range: Up to 1,000 miles, a 10-fold increase from its all-electric aircraft. Payload: Configurable to carry up to 1,100 kilograms in the VX4's class-leading airframe capacity. Stealth advantages: Low noise and heat signatures make the hybrid variant well-suited for sensitive missions. Crewed and uncrewed capabilities: Hybrid-electric technology capable of being deployed autonomously, remotely, or with a pilot. Uncrewed capabilities can be seamlessly integrated into the existing Flight Control System being developed by Honeywell. Mission resilience: Built off the VX4's industry-leading redundancy and damage tolerance, boosting confidence for mission-critical operations. About Vertical Aerospace Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner and quieter way to travel. Vertical's VX4 is a piloted, four passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical will also be launching a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market. Vertical combines partnering with leading aerospace companies, including GKN, Honeywell and Leonardo, with developing its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of the VX4, with customers across four continents, including American Airlines, Japan Airlines, GOL and Bristow. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, the epicentre of the UK's aerospace industry, Vertical's experienced leadership team comes from top tier automotive and aerospace companies such as Rolls-Royce, Airbus, GM and Leonardo. Together they have previously certified and supported over 30 different civil and military aircraft and propulsion systems. 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 release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the design and manufacture of the VX4, the features and capabilities of the VX4, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers, certification and the commercialization of the VX4 and the hybrid-electric VX4 variant and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, the potential exercise of the Tranche A Warrants following the satisfaction of the performance conditions and the proceeds issued from such potential exercise, as well as statements that include the words "expect," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate," "will," "aim," "potential," "continue," "is/are likely to" and similar statements of a future or forward-looking nature. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, our limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; our potential inability to raise additional funds when we need or want them, or at all, to fund our operations; our limited cash and cash equivalents and recurring losses from our operations raise significant doubt (or raise substantial doubt as contemplated by PCAOB standards) regarding our ability to continue as a going concern; our potential inability to produce or launch aircraft in the volumes or timelines projected; the potential inability to obtain the necessary certifications for production and operation within any projected timeline, or at all; the inability for our aircraft to perform at the level we expect and may have potential defects; our history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; any accidents or incidents involving eVTOL aircraft could harm our business; our dependence on partners and suppliers for the components in our aircraft and for operational needs; the potential that certain strategic partnerships may not materialize into long-term partnership arrangements; all of the pre-orders received are conditional and may be terminated at any time and any predelivery payments may be fully refundable upon certain specified dates; any circumstances; any potential failure to effectively manage our growth; our inability to recruit and retain senior management and other highly skilled personnel; we have previously identified material weaknesses in our internal controls over financial reporting which if we fail to properly remediate, could adversely affect our results of operations, investor confidence in us and the market price of our ordinary shares; as a foreign private issuer we follow certain home country corporate governance rules, are not subject to U.S. proxy rules and are subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic public company; and the important factors discussed under the caption "Risk Factors" in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") on March 11, 2025, as such factors may be updated from time to time in the Company's other filings with the SEC. Any forward-looking statements contained in this release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. the Company disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this release whether as a result of new information, future events or otherwise, other than to the extent required by applicable law. View source version on Contacts Enquiries please contact: MediaJustin Bates, Head of +44 7878 357 463 Investor RelationsSamuel Emden, Head of Investor +44 7816 459 904 Sign in to access your portfolio
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Vertical Aerospace Announces Launch of Proposed Underwritten Public Offering
Vertical Aerospace (Vertical) (NYSE: EVTL) ("Vertical' or the 'Company'), a global aerospace and technology company that is pioneering electric aviation, today announced that it has commenced an underwritten public offering of $60 million of the Company's ordinary shares (the "Offering'). In connection with the Offering, the Company has granted the underwriters a 30-day option to purchase up to an additional $9 million of ordinary shares. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. Deutsche Bank Securities and William Blair are acting as joint bookrunners for the proposed Offering. Vertical intends to use the net proceeds from the Offering to fund its research and development expenses as Vertical continues to develop its aircraft and its expenditures in the expansion of its testing and certification capacities, as well as for general working capital and other general corporate purposes. The Company's ordinary shares trade on the NYSE under the symbol 'EVTL'. The proposed Offering will be made only by means of a preliminary prospectus supplement to the Company's registration statement on Form F-3 (File No. 333-287207) previously filed with the U.S. Securities and Exchange Commission (the 'SEC') on May 13, 2025 and declared effective by the SEC on May 16, 2025. Copies of the preliminary prospectus supplement and an accompanying prospectus relating to the proposed Offering will be available upon filing on the SEC's website located at or by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Department, 1 Columbus Circle, New York, NY 10019, by telephone at (800) 503-4611, or by email at or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, by telephone at (800) 621-0687, or by email at prospectus@ The final terms of the proposed public offering will be disclosed in a final prospectus supplement to be filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Vertical Aerospace Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner and quieter way to travel. Vertical's VX4 is a piloted, four passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical will also be launching a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market. Vertical combines partnering with leading aerospace companies, including GKN, Honeywell and Leonardo, with developing its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of the VX4, with customers across four continents, including American Airlines, Japan Airlines, GOL and Bristow. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, the epicentre of the UK's aerospace industry, Vertical's experienced leadership team comes from top tier automotive and aerospace companies such as Rolls-Royce, Airbus, GM and Leonardo. Together they have previously certified and supported over 30 different civil and military aircraft and propulsion systems. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). 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, without limitation, statements regarding the size and expected gross proceeds from the Offering, completion and timing of the Offering, the anticipated use of proceeds from the Offering and the expectation to grant the underwriters a 30-day option to purchase additional shares, our future results of operations and financial position, our plans for capital expenditures, the design and manufacture of the VX4, our business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, certification and the commercialization of the VX4 and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, expectations surrounding pre-orders and commitments, the features and capabilities of the VX4, the transition towards a net-zero emissions economy, as well as statements that include the words 'expect,' 'intend,' 'plan,' 'believe,' 'project,' 'forecast,' 'estimate,' 'may,' 'should,' 'anticipate,' 'will,' 'aim,' 'potential,' 'continue,' 'are likely to' and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: market conditions and satisfaction of customary closing conditions related to the Offering; our limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; our history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; our potential inability to test, produce, certify or launch aircraft in the volumes or timelines projected, including achieving the targets set out in Flightpath 2030; the potential inability to obtain the necessary certifications for production and operation within any projected timeline, or at all; any accidents or incidents involving eVTOL aircraft could harm our business; our dependence on partners and suppliers for the components in our aircraft and for operational needs; the potential that certain strategic partnerships may not materialize into long-term partnership arrangements; development, testing and commercialization of a hybrid-electric vertical take-off and landing variant of the VX4 is subject to significant risks, including technological, regulatory and operational challenges; all of the pre-orders received are conditional and may be terminated at any time and any pre-delivery payments may be fully refundable upon certain specified dates; the inability for our aircraft to perform at the level we expect and may have potential defects; any potential failure to effectively manage our growth; our inability to recruit and retain senior management and other highly skilled personnel, our ability to raise additional funds when we need or want them, or at all, to fund our operations; our limited cash and cash equivalents and recurring losses from our operations raise significant doubt (or raise substantial doubt as contemplated by PCAOB standards) regarding our ability to continue as a going concern; the fact that we have previously identified material weaknesses in our internal controls over financial reporting which if we fail to properly remediate, could adversely affect our results of operations, investor confidence in us and the market price of our ordinary shares; the fact that our preliminary cash position and predicted cash runway toward the middle of 2026 as a result of this Offering represent management's current estimates and are subject to change; the fact that as a foreign private issuer, we follow certain home country corporate governance rules, are not subject to U.S. proxy rules and are subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic public company; and the other important factors discussed under the caption 'Risk Factors' in our Annual Report on Form 20-F filed with the SEC on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any 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. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Yahoo
06-07-2025
- Business
- Yahoo
Joby Aviation, Inc. (JOBY): If Boeing Has An eVTOL, Then Why Joby? Wonders Jim Cramer
We recently published .Joby Aviation, Inc. (NYSE:JOBY) is one of the stocks Jim Cramer recently discussed. Joby Aviation, Inc. (NYSE:JOBY) is one of the few pure-play electric vertical take-off and landing (eVTOL) aircraft designers in the world. The shares have gained 30% year-to-date on the back of several favorable catalysts. Since the firm is seeking to launch a new kind of transportation service, regulatory approvals, test flights, and investment opportunities drive its hypothesis. On these fronts, Joby Aviation, Inc. (NYSE:JOBY) scored a win in June when it signed an MOA with a Saudi conglomerate to distribute $1 billion of services in the country in the future. The shares were also helped by the firm's July announcement of having completed air taxi trials in the UAE. Cramer discussed the stock and the trial: 'Now I used to be negative on Joby on the show. I gave up. Do you know that Boeing has a [eVTOL]? So if Boeing has it why do I sniff at Joby? A futuristic electric vertical takeoff and landing aircraft soaring through the sky. Commenting about Joby Aviation, Inc. (NYSE:JOBY) in June, Cramer remarked: 'You know what, remember a couple of weeks ago I said I was done with the knocking on the ones that don't make money. Joby is real. I think Archer is real… But Joby is good and I'm going with it and I am with you… Joby is okay. I'm even playing some Joby music.' While we acknowledge the potential of JOBY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-07-2025
- Business
- Yahoo
Joby Aviation, Inc. (JOBY): If Boeing Has An eVTOL, Then Why Joby? Wonders Jim Cramer
We recently published .Joby Aviation, Inc. (NYSE:JOBY) is one of the stocks Jim Cramer recently discussed. Joby Aviation, Inc. (NYSE:JOBY) is one of the few pure-play electric vertical take-off and landing (eVTOL) aircraft designers in the world. The shares have gained 30% year-to-date on the back of several favorable catalysts. Since the firm is seeking to launch a new kind of transportation service, regulatory approvals, test flights, and investment opportunities drive its hypothesis. On these fronts, Joby Aviation, Inc. (NYSE:JOBY) scored a win in June when it signed an MOA with a Saudi conglomerate to distribute $1 billion of services in the country in the future. The shares were also helped by the firm's July announcement of having completed air taxi trials in the UAE. Cramer discussed the stock and the trial: 'Now I used to be negative on Joby on the show. I gave up. Do you know that Boeing has a [eVTOL]? So if Boeing has it why do I sniff at Joby? A futuristic electric vertical takeoff and landing aircraft soaring through the sky. Commenting about Joby Aviation, Inc. (NYSE:JOBY) in June, Cramer remarked: 'You know what, remember a couple of weeks ago I said I was done with the knocking on the ones that don't make money. Joby is real. I think Archer is real… But Joby is good and I'm going with it and I am with you… Joby is okay. I'm even playing some Joby music.' While we acknowledge the potential of JOBY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Vertical Aerospace Expands Leadership Team With Key Executive Appointments
Mark Higson joins as Chief Operating Officer, Steve Vellacott joins as VP, Airworthiness & Head of Design Organisation, and Eric Samson named VP Programme-Hybrid Strengthened leadership team will support operational, commercial, and technological advancements as Vertical accelerates towards global certification and commercialisation LONDON & NEW YORK, July 03, 2025--(BUSINESS WIRE)--Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering electric aviation, today announced the addition of key executives to its leadership team as the Company accelerates through its Flightpath 2030 goals. Stuart Simpson, CEO of Vertical Aerospace, said: "These appointments further reinforce our leadership bench as we accelerate into our next phase of growth and global deployment. Mark and Steve bring decades of deep operational and engineering expertise that will be instrumental in driving the certification and commercialisation of the VX4 at scale. Eric's focused leadership, technical insight, and deep certification experience will be invaluable as we advance our hybrid-electric VX4 strategy and expand our market potential." Mark Higson joins as Chief Operating Officer and is a seasoned executive with significant expertise in developing operational and commercial strategies, leading complex, global organisations through transformational change. He has over four decades of experience across international businesses, most recently serving as Chief Executive Officer of Modulaire Group, a global leader in modular services and infrastructure, where he successfully led the sale and refinancing of the business. Originally an Aerospace Engineer, Mark started his career at British Aerospace subsequently serving in senior operational leadership roles across the industrials sector, including at Wolseley UK and the Royal Mail, and as a senior advisor to McKinsey & Company and to Advent International's portfolio companies. Steve Vellacott joins as VP of Airworthiness & Head of Design Organisation, bringing decades of experience in structural engineering and design, including significant expertise leading electric and other complex VTOL programmes. He joins Vertical from Lilium where he was Chief Technology Officer and Head of Design, overseeing the team responsible for the design, development and certification of its eVTOL aircraft. Prior to Lilium, Steve spent over three decades at Leonardo Helicopters, holding a variety of leadership roles across its international civil and military programmes, where he worked closely with EASA around certification and compliance of the aircraft. He was elected as a Fellow of the Royal Aeronautical Society in 2018. Eric Samson named as VP Programme-Hybrid, building on the Company's recently announced hybrid-electric VTOL aircraft strategy. Eric is a proven aerospace leader with extensive experience in aircraft design and systems integration. Since joining Vertical in 2020, he has served as Senior Vice President of Engineering and Head of Design Organisation, leading Vertical's Engineering and Design Organisation to design, build, test and prepare to certify the VX4 . Prior to Vertical, Eric held various technical and leadership roles, including at Jet Aviation and Gulfstream Aerospace. The expansion of Vertical's leadership team builds on the Company's significant momentum and progress towards delivering a scalable, certifiable aircraft to the global market. Vertical remains on track to complete its test flight program in 2025, having recently achieved the first piloted wingborne flight of a winged eVTOL in European public airspace. About Vertical Aerospace Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner and quieter way to travel. Vertical's VX4 is a piloted, four passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical will also be launching a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market. Vertical combines partnering with leading aerospace companies, including GKN, Honeywell and Leonardo, with developing its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of the VX4, with customers across four continents, including American Airlines, Japan Airlines, GOL and Bristow. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, the epicentre of the UK's aerospace industry, Vertical's experienced leadership team comes from top tier automotive and aerospace companies such as Rolls-Royce, Airbus, GM and Leonardo. Together they have previously certified and supported over 30 different civil and military aircraft and propulsion systems. Forward-Looking Statements This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and 21E of the Exchange Act. Any express or implied statements contained in this release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding anticipated leadership changes and their impact on Vertical and its certification and commercialization efforts, the design and manufacture and the features and capabilities of the VX4 and the hybrid-electric variant, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers, certification and the commercialization of the VX4 and the hybrid-electric variant and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, expectations surrounding pre-orders and commitments, the transition towards a net-zero emissions economy, our future results of operations and financial position and expected financial performance and operational performance, liquidity, growth and profitability strategies, business strategy and plans and objectives of management for future operations, our ability and plans to raise additional capital to fund our operations, our plans to mitigate the risk that we are unable to continue as a going concern, our plans for capital expenditures, as well as statements that include the words "expect," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate," "will," "aim," "potential," "continue," "is/are likely to" and similar statements of a future or forward-looking nature. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the important factors discussed under the caption "Risk Factors" in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") on March 11, 2025, as such factors may be updated from time to time in the Company's other filings with the SEC. Any forward-looking statements contained in this release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. the Company disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this release whether as a result of new information, future events or otherwise, other than to the extent required by applicable law. View source version on Contacts For more information:Justin Bates, Head of Communications +44 7878 357 463Samuel Emden, Head of Investor Affairs +447816 459 904 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
