- Listing follows completion of a business combination with
Zanite Acquisition Corp. ("Zanite")
- The closing of the business combination generated
$377 million of gross proceeds, which
will be used to accelerate the development, certification and
commercialization of Eve's comprehensive UAM solution
- Eve to ring the opening bell at the New York Stock Exchange
today at 9:30 am ET
MELBOURNE, Florida, May 10, 2022
/PRNewswire/ -- Eve Holding, Inc.
("Eve" or the "Company") (NYSE: EVEX, EVEXW) announced today that
its common stock and warrants will begin trading on the New York
Stock Exchange ("NYSE") today under the ticker symbols "EVEX" and
"EVEXW", respectively.
Management will participate in an opening bell ceremony at the
NYSE today in celebration of the public listing, which follows the
completion on May 9, 2022, of a
business combination between Zanite and EVE UAM, LLC, a leader in
the development of next-generation Urban Air Mobility ("UAM")
solutions and a subsidiary of Embraer S.A. ("Embraer") (B3: EMBR3,
NYSE: ERJ).
"Today, we celebrate a historic milestone in a journey that we
began nearly five years ago in EmbraerX, the market accelerator of
Embraer, a leader in the global aviation industry," said André
Stein, Co-CEO of Eve. "This transaction is a key enabler of our
mission to become a leading player in a potential $760 billion UAM addressable market, and we thank
the entire team at Eve and Embraer for all of their hard work, and
our partners at Zanite as well as our other investors for their
support," he said.
Eve has created a comprehensive, practical and capital-efficient
UAM solution spanning electric vertical take-off and landing
(eVTOL) vehicle design and production, service and support, fleet
operations and urban air traffic management (UATM).
"We believe Eve is uniquely positioned to develop, certify
and commercialize our UAM solutions on a global scale," said
Jerry DeMuro, Co-CEO of Eve. "Our
pipeline of launch orders for 1,825 vehicles secured via
non-binding letters of intent from 19 customers consists of
industry leaders who also invested in Eve, including Azorra
Aviation, Falko Regional Aircraft, Republic Airways and SkyWest,
and provides powerful validation of our business strategy and
vision."
"We believe in the great potential of the global UAM market and
Eve is well positioned to be a global leader by delivering an
effective and sustainable new mode of urban transportation", said
Francisco Gomes Neto, President and
CEO of Embraer. "We are fully committed to Eve, which plays a key
role in our growth strategy driven by innovation and enterprise
efficiency."
Eve's strategic partnership with Embraer is a key competitive
advantage. The partnership includes a royalty-free license to
Embraer's background IP to be used within the UAM market as well as
access to thousands of skilled Embraer employees on a flexible,
first priority basis and use of Embraer's global infrastructure,
pursuant to the terms of certain services agreements between
Embraer and Eve. The strategic alignment with Embraer also provides
Eve with important cost and execution advantages as it seeks to
scale its UAM solution globally.
"The Zanite team is excited to be part of Eve's impressive
journey," said Kenn Ricci, a
director of Eve and Principal of Directional Aviation Capital, a
former member of Zanite's sponsor. "We look forward to our
continued partnership with Eve, where we will continue to leverage
our extensive experience in the aviation sector to support Eve as
it continues to expand its footprint in global eVTOL market."
Image: https://bit.ly/3wiUTQy
About Eve
Eve is dedicated to accelerating the UAM ecosystem. Benefitting
from a startup mindset, backed by Embraer'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, a comprehensive global services and
support network and a unique air traffic management solution. For
more information, please visit www.eveairmobility.com
About Zanite
Zanite was formed as a special purpose acquisition company to
focus on the aviation sector. Zanite's sponsor is managed by
Kenneth C. Ricci, Principal of
Directional Aviation Capital, and Steven H.
Rosen, Co-Founder and Co-Chief Executive Officer of
Resilience Capital Partners. For more information, please visit
www.zaniteacquisition.com.
About Embraer
A global aerospace company headquartered in Brazil, Embraer (NYSE: ERJ) has businesses in
Commercial and Executive aviation, Defense & Security and
Agricultural Aviation. The company designs, develops, manufactures
and markets aircraft and systems, providing Services & Support
to customers after-sales. Since it was founded in 1969, Embraer has
delivered more than 8,000 aircraft. On average, about every 10
seconds an aircraft manufactured by Embraer takes off somewhere in
the world, transporting over 145 million passengers a year. Embraer
is the leading manufacturer of commercial jets up to 150 seats and
the main exporter of high value-added goods in Brazil. The company maintains industrial
units, offices, service and parts distribution centers, among other
activities, across the Americas, Africa, Asia
and Europe. For more information,
please visit www.embraer.com.
Forward-Looking Statements
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 the Company's expectations with respect to
future performance and anticipated financial impacts of the
business combination. These statements are based on various
assumptions, whether or not identified herein, and on the current
expectations of the Company's management and are not predictions of
actual 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 the Company.
These forward-looking statements are subject to a number of
risks and uncertainties, including: (i) changes in domestic and
foreign business, market, financial, political and legal
conditions; (ii) failure to realize the anticipated benefits of the
business combination; (iii) risks relating to the uncertainty of
the projected financial information with respect to the Company;
(iv) the outcome of any legal proceedings that may be instituted
against the Company following the completion of the business
combination; (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) the Company's ability to
grow and manage future growth, maintain relationships with
customers and suppliers and retain its key employees; (viii) the
Company's ability to develop new products and solutions, bring them
to market in a timely manner, and make enhancements to its
platform; (ix) the Company's ability to successfully develop,
obtain certification for and commercialize its aircraft, (x) the
effects of competition on the Company's future business; (xi) the
outcome of any potential litigation, government and regulatory
proceedings, investigations and inquiries; (xi) the impact of the
global COVID-19 pandemic and (xii) those factors discussed in the
Company's Definitive Proxy Statement filed with the Securities and
Exchange Commission (the "SEC") on April 13,
2022 (the "Proxy Statement") under the heading "Risk
Factors," and other documents of the Company filed, or to be filed,
with the SEC. If any of these risks materialize 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 the Company does not presently know or that
the Company 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 the Company's expectations, plans or forecasts of future
events and views as of the date of this press release. The Company
anticipates that subsequent events and developments will cause the
Company's assessments to change. However, while the Company may
elect to update these forward-looking statements at some point in
the future, the Company specifically disclaims any obligation to do
so. These forward-looking statements should not be relied upon as
representing the Company's assessments as of any date subsequent to
the date of this press release and undue reliance should not be
placed upon the forward-looking statements.
Investor Information
https://ir.eveairmobility.com/
Contacts
investors@eveairmobility.com
media@eveairmobility.com
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SOURCE Embraer S.A.; Eve Holding,
Inc.