Jetoptera 2022 Q1 Investor Update

Dear Investor,

Jetoptera had a strong start in 2022! We were awarded two new DoD contracts and we are in discussions with a potential customer who wants the J-4000 for a commercial application.

We presented our Fluidic Propulsive SystemTM as a key enabler for a High-Speed VTOL concept desired by the AFWERX. We were awarded Phase I funding for a Market Study and teamed up with Northrop Grumman and Pratt & Whitney. We made great progress refining the concept that will enable speeds unmatched by rotary wing aircraft. The Phase I contract with the US Air Force will conclude in June and our team will propose Phases II and III to deliver a prototype by 2025. We also progressed our project for the US Army powered parafoil program. In addition, we continued to grow our impressive Intellectual Property portfolio. A few highlights of our first quarter are listed below:

  • The US Army Aerial Delivery Directorate awarded a contract to Freedom Flight Works (FFW) under which Jetoptera will provide a propulsion solution to their unique parafoil system. FFW can use re-launchable parafoil systems for accurate relief supply, delivery of goods, ship to shore, etc. powered by our FPSTM technology. Phase II activities will deploy a recuperated gas turbine turboshaft that will drive the air compressor feeding the FPSTM; the thermal recuperation uses 30% less fuel than a non-recuperated gas turbine of similar power; we expect the first stationary demonstration to occur later this year.
  • We were awarded a new STTR Phase II contract of $750,000 from the USAF (AFWERX) for technical advancement of the FPSTM. The Small Business Technology Transfer Award is in partnership with the University of Washington for a new wind tunnel test of our Hedwig concept.
  • We have achieved new technical milestones under the Direct to Phase II SBIR program awarded by the US Air Force (AFWERX - $750,000). We’ve demonstrated lift augmentation using FPSTM and the Upper Surface Blown wing combination, both with CFD and in static tests. The STTR has enabled us to collect a very large quantity of experimental data in support of our technologies. The know-how obtained will be used to develop further VTOL and HSVTOL systems as the program will conclude with conceptual work based on the findings.
  • We were awarded our 53rd utility patent in a portfolio that encompasses the significant innovation of using our unique propulsion system in conjunction with the airframe to augment lift. A further seven utility patents have been allowed and more than 100 are pending and new ideas emerge from the wealth of data we are collecting under these programs.
  • We have been making exceptional progress in refining the HSVTOL solution we are offering under the AFWERX HSVTOL Challenge. We are proud to be one of only 11 companies selected and awarded from the original 280 that submitted their solutions. We are teaming with Northrop Grumman and their division, Scaled Composites, as well as with Pratt & Whitney, the world leader turbine engine company. This activity will culminate by 2025 with the largest size HSVTOL demonstrator we have ever worked on and with unique capabilities.
  • We continue to have discussions with several commercial OEMs that are interested in the characteristics of our Unmanned Aircraft Vehicles for commercial logistics (parts and parcels) and manned Aerial Vehicles of larger size (J-4000) for a unique application. We will share details as these discussions progress.
  • We are continuing discussions with the military, defense aerospace companies, and VCs.

We remain on track with our plans to grow our business in the future of vertical flight, U.S. DoD contracts, and General Aviation both unmanned and manned areas. Our business is positioned for success in several verticals that continue to accelerate, as we are focused on scaling up our technology and driving innovation.

Thank you for your continued support!

Andrei T. Evulet

About Jetoptera

Jetoptera’s vision is to create a world where aerial mobility is commonplace for both cargo and people. We have developed a unique propulsion system integrated with a novel airframe. This allows us to create lighter, more efficient, and less complex aircraft. Our technology enables vertical and short takeoff and landing (V/STOL), high speeds, sizable payloads and range, and maneuverability.

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