Lilium reports significant progress in Q1 2024 Shareholder Letter
11 Junio 2024 - 3:00AM
Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), a leading
electric aircraft manufacturer and pioneer in Regional Air Mobility
(RAM), has released its Q1 2024 Shareholder Letter. The Shareholder
Letter discusses Lilium’s progress towards important milestones in
the development of its revolutionary Lilium Jet and can be accessed
on the Lilium investor relations website.
Lilium’s Recent
Accomplishments
- Production of the
first Lilium Jets significantly advanced.
- Battery pack
production started at Lilium’s purpose-built battery facility.
- Testing underway
towards first manned flight and certification.
- Commercial order
pipeline grew to over 780 aircraft, including firm orders and
memoranda of understanding as well as recent firm orders by
UrbanLink and eVolare.
- Expanded support
network in key markets partnering with Aéroports de la Côte d’Azur
and UrbanV to bring Lilium Jet flights to the French Riviera and
with Atlantic Aviation to support US-wide Lilium Jet
operations.
- Successfully
concluded fundraise with $114 million gross proceeds.
- Started due
diligence process for intended loan with guarantees from the German
Federal Government and the State of Bavaria.
- Lilium in advanced
discussions with the French government towards a government
guarantee-backed loan.
Management Comment
Lilium CEO Klaus Roewe commented: “Lilium continues its
disciplined approach. Our focus is on the delivery of key program
milestones such as the start of production of our aviation-grade
battery packs achieved in April. Our engineering and manufacturing
teams are currently working full speed to achieve the first manned
flight of the Lilium Jet, targeted for the end of this year. We
will be keeping the market abreast of program progress over the
course of the year."
Contact information for
investors: Rama BondadaVice President, Investor
Relationsinvestors@lilium.com
Contact information for media: Christine
PierkCommunications Manager+49 151 53919945press@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, designed to offer 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, the UK, the United Arab Emirates, and the Kingdom of Saudi
Arabia, Lilium’s 1000+ strong team includes approximately 500
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.
Forward Looking Statements:
This press release and the shareholder letter
referenced herein contain 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 or
otherwise protect 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, (vi) our capital raising expectations and the expected
timing and/or consummation of the various capital raising
transactions, including any related support from local or federal
governments or other public sector entities, described herein and
the use of proceeds therefrom, (vii) the timing of Lilium’s
targeted regulatory and program development milestones, including
the first piloted flight of the Lilium Jet and entry into service,
(ix) Lilium’s anticipated receipt of pre-delivery payments and the
extent to which such payments will help cover Lilium’s capital
requirements and (x) estimates regarding future cash spend. These
forward-looking statements generally are identified by the words
“anticipate,” “believe,” “could,” “expect,” “estimate,” “future,”
“intend,” “may,” “on track,” “plan,” “project,” “should,”
“strategy,” “target,” “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 are subject to risk and uncertainties that are
subject to change at any time. Actual events or results may differ
materially from those contained in the forward-looking statements.
Factors that could cause actual future events to differ materially
from the forward-looking statements in this press release include
those risks and uncertainties 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, 2023, on file with the SEC,
and similarly titled sections in Lilium’s other SEC filings, 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 Lilium
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.
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