A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors

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A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
Active VTOL Crash Prevention Ltd.
                  14ms                  100ms

             A Complete Zero/Zero
           Safety System for eVTOL’s
Motor       and Other
                 100ms Applications.
                               400ms
Inactive
            ( The Lightest that Physics Allows.)

                      Download from
             http://gofile.me/3zfi6/qqqJuLPFf

                         CONFIDENTIAL              1
A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
The ABBS Group Expertise Behind
                            AVCP’s Technology.
For armoured vehicles our rocket motors initiate in 6ms and deliver all
  their massive impulse in 25ms to counteract the mine blast lifting
              forces to keep the vehicle on the ground.

                             IN CONFIDENCE                                2
A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
Comparison No Motors/With Motors.

300mm standoff,
   moist soil,
 100mm depth,
   6kg mine.

                   IN CONFIDENCE              3
A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
Current Status of AMPS™ Technology

• Very large US Army test scheduled for May 2018.
• Similar Israeli test for US Defence Advanced Research
  Projects Agency (DARPA) with Plasan in August 2018.
• French Special Forces interest.
• Various European tests anticipated.
• Discussions ongoing with Plasan and a giant US
  aerospace corporation re an investment and
  marketing deal.
• Also visiting Dubai 10th March to meet potential
  investors and the Transport Authority.

                        IN CONFIDENCE                     4
A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
Automated Propellant Extrusion
             14ms                        100ms

Motor
Inactive

                    Composite Propellant Development Project?

                      CONFIDENTIAL                              5
A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
The Active VTOL Crash
                     Prevention Market.
           14ms                    100ms

Motor      100ms                   400ms
Inactive

                    CONFIDENTIAL           6
A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
ABBS Group Structure and Roles of
                                     Different Operations.

        Advanced Blast & Ballistic Systems Ltd. (ABBS) (57% RMS)
        Holds AMPS™ Patents and markets the AMPS™ armoured
                 vehicle and AVCP technology globally.

    Advanced Reaction Motor Systems Ltd. (ARMS) (40/40% JV between
    ABBS Ltd & Falcon) LRM™, propellant, and rocket motor production
      and other hardware procurement required for AMPS™ systems.

     Advanced Blast LLC           Advanced Protected      Active VTOL Crash
         (92% ABBS)                   Vehicles Ltd.         Prevention Ltd.
    Primary licensee for US       (23.75% each ABBS,     30% each ABBS and
             Sales.                  ARMS, Duncan          ARMS, 24% 3 key
                                  Hermer, Jez Hermer)            staff.
 ABBS USA Inc. (100% M3              JV with OVIK,       £300k raised in first
Consulting – Kevin Mulrenin)          designs and         round at £3million
Independent US operation.          procures blast and     valuation, second
  Marketing/Support and            ballistic protected      round targeting
      ITAR firewall.               Head-of-State type    £700,000 for 14% at
                                        vehicles.        £5million valuation.

                               IN CONFIDENCE                              7
A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
The Share Offer and Basis of Valuation.

   •   The company has been 14msspun out of the ABBS Group due100ms
                                                                to the huge potential of the
       specialist niche of Active VTOL Crash Prevention that has been identified for it, and
       the potential for a major VC or aerospace industry deal in the fairly short term.
   •   It has the benefit of over £3million past investment by ABBS and ARMS in
       developing the patented Linear Rocket Motors (LRM™), Safe/Arm techniques, and
       completing the initial Proof-of-Concept testing in an Innovate UK supported project.
   •   The relevant ARMS patents have been licensed to AVCP.
   • If granted, the company
Motor                            will own potentially important
                              100ms                               new patents for rapid
                                                              400ms
       expansion of the parachute by using airbags, adjustable thrust CO2-injected LRM’s,
Inactive
       and other novel features, and thus have the exclusive rights to exploit the many
       other potential applications for these technology.
   •   Initial investment of £300,000 has been obtained last year at a company valuation
       of £3million, mostly from current ABBS Group HNW investors.
   •   Now raising £700,000 for 14% post investment (£5million valuation) and pursuing a
       further £5million investment probably in a US spin-off, from a VC, a major
       aerospace/avionics company, or a US-based eVTOL consortium.

                                        IN CONFIDENCE                                          8
A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
AVCP Sales and Profit Forecast.

       Year to 31
        October
                         2018        2019        2020   14ms
                                                          2021              2022         2023          2024           100ms2026
                                                                                                                     2025                        2027          2028

                          £           £           £             £            £            £             £             £             £             £             £

    Sales Revenue      300,000     900,000     4,066,667     6,933,333   10,050,000   13,166,667    16,283,333    19,400,000    22,516,667    25,633,333    28,750,000

    Gross Margin %       30%         35%         38%           40%          45%          48%           50%           52%           55%           57%           60%

    Gross Margin        90,000     315,000     1,545,333     2,773,333    4,522,500   6,320,000     8,141,667     10,088,000    12,384,167    14,611,000    17,250,000

    Staff costs
                       (150,000)   (250,000)   (350,000)     (500,000)    (750,000)   (1,000,000)   (1,250,000)   (1,500,000)   (1,750,000)   (2,000,000)   (2,250,000)
    Overheads           (50,000)   (100,000)   (150,000)     (200,000)    (225,000)    (300,000)     (375,000)     (450,000)     (525,000)     (600,000)     (675,000)

Motor
   Net profit/loss
   before taxation
                       (110,000)   (35,000)    1,045,333
                                                           100ms
                                                            2,073,333     3,547,500   5,020,000     6,516,667
                                                                                                                       400ms
                                                                                                                  8,138,000
                                                                                                                          10,109,167          12,011,000    14,325,000

Inactive
    Corporation tax
                        22,000      7,000      (209,067)     (414,667)    (709,500)   (1,004,000)   (1,303,333)   (1,627,600)   (2,021,833)   (2,402,200)   (2,865,000)

    Net profit after
    taxation           (88,000)    (28,000)    836,267       1,658,667    2,838,000   4,016,000     5,213,333     6,510,400     8,087,333     9,608,800     11,460,000

    Opening
    shareholders
    funds               92,441      4,441      (23,559)      812,708      2,471,374   5,309,374     9,325,374     14,538,708    21,049,108    29,136,441    38,745,241
    Closing
    shareholders
    funds               4,441      (23,559)    812,708       2,471,374    5,309,374   9,325,374     14,538,708    21,049,108    29,136,441    38,745,241    50,205,241

                                                                           IN CONFIDENCE                                                                                  9
A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
IRR for Investors.

        Year to 31
         October
                            2018        2019        2020  14ms
                                                             2021           2022         2023         2024        100ms
                                                                                                                   2025 2026                 2027         2028

     Opening
     shareholders
     funds                 92,441      4,441      (23,559)    812,708     2,471,374    5,309,374    9,325,374    14,538,708   21,049,108   29,136,441   38,745,241
     Closing
     shareholders
     funds                 4,441      (23,559)    812,708     2,471,374   5,309,374    9,325,374    14,538,708   21,049,108   29,136,441   38,745,241   50,205,241
     Company
     valuation - profit
     multiple of 4 X
     profit               (352,000)   (112,000)   3,345,067   6,634,667   11,352,000   16,064,000   20,853,333   26,041,600   32,349,333   38,435,200   45,840,000
     Company
     valuation - net
     assets                4,441      (23,559)    812,708     2,471,374   5,309,374    9,325,374    14,538,708   21,049,108   29,136,441   38,745,241   50,205,241

Motor                                                      100ms                                                   400ms
   Total valuation        (347,559)   (135,559)   4,157,774   9,106,041   16,661,374   25,389,374   35,392,041   47,090,708   61,485,774   77,180,441   96,045,241
Inactive
     ROI for investors
     @ £3m                 (0.11)      (0.04)       1.26        2.76         5.05         7.70        10.74        14.28        18.65        23.41        29.13

     IRR for investors
     @ £3m                                           8%         29%          38%          41%          40%          39%          38%          37%          36%

     ROI for investors
     @ £5m                 (0.06)      (0.02)       0.75        1.64         3.00         4.57         6.37         8.48        11.07        13.89        17.29

     IRR for investors
     @ £5m                                          -9%         13%          25%          29%          30%          31%          31%          30%          30%

                                                                          IN CONFIDENCE                                                                              10
Realistic Market Development
                                                             and AVCP Share?

 Reality Checks               2018   2019   14ms
                                              2020    2021   2022      2023   2024   100ms
                                                                                        2025   2026    2027    2028
 Number of known eVTOL
 aircraft projects and        30+     35       40      45    50        55     60         65     70      75      80
 projections forward
 Estimated eVTOL aircraft
 annual production             50    100       200     400   600       1000   2000      4000   6000    8000    10000
 worldwide
 Total cumulative number of
 eVTOL aircraft worldwide      50    150       350     750   1350      2350   4350      8350   14350   22350   32350
 (Note 3)
 Annual market value of
 safety systems at £50,000     2.5    5        10      20    30        50     100       200    300     400     5000
 each. (£million)
Motor
 Number of aircraft systems                 100ms                                    400ms
 produced by AVCP at
Inactive
 £50,000 from numbers
                               6      24       99      220   340       464    589       714    838     963     1088
 above.
 Based on these numbers
                              12.0   18.0      40.7   34.7   33.5      26.3   16.3       9.7    7.5     6.4     5.8
 AVCP market share %
 Alternative Forecast Based
 on 50% Market Share from     2018   2019     2020    2021   2022      2023   2024      2025   2026    2027    2028
 2020.
 Sales (£million)              0.5    2         5      10    15        25     50        100    150     200     250
 Net Profit based on 40% of
                               0     0.3        2      4      6        10     20         40     60      80     100
 sales (£million)

                                                       IN CONFIDENCE                                                   11
What is the eVTOL Market Potential?

                       14ms                   100ms
   • Uber, Airbus, Bell and Boeing all agree on the potential
     demand for eVTOL aircraft just for the Urban Air Taxi market.
   • The rationale is that every major city will need 5,000 eVTOL
     taxis.
   • There are 40 cities with populations over 10million people,
     where ground traffic congestion is increasing.
Motor                   100ms                 400ms
    • 40 x 5,000 = 200,000 eVTOL’s.
Inactive
   • Assume a cost of £500,000 per aircraft gives a £100billion
     market. (Actual cost could be double.)
   • Assuming a safety system cost of £50,000 per aircraft gives a
     £10billion market just for the AVCP safety system.

                              IN CONFIDENCE                          12
What is the eVTOL Market Potential?

                             14ms                           100ms
    •   Clearly, it is not only the 40 largest cities that will require eVTOL taxis,
        so it is reasonable to at least double the potential market value over
        the next 10 years.
    •    It is also obvious that there is a multitude of other utility uses for
         eVTOL aircraft. Farming, border/coastal patrol/police, search, rescue
         and security services/leisure activities/forest seed planting,
         autonomous fire fighting, etc. etc. the list is truly endless.
Motor                        100ms                           400ms
    • For mid-range business use there are several winged designs with
Inactive
         300kph and 300km range being designed, which are ideal for short
         business travel.
    •   The desirability of your own personal VTOL aircraft capable of taking
        off from a large garden or a drive will ensure that there is huge
        demand for personal aircraft, whether for fun, utility purposes, daily
        travel or business.

                                     IN CONFIDENCE                                     13
Inherent Low Cost and Safety of eVTOL
                                          Designs.
                            14ms                          100ms
  •   Compared to conventional helicopters eVTOL’s are very simple due to the
      distributed electric powered multi-rotor system. There are no highly stressed,
      complicated gearbox, transmission, and rotor control links, a failure of any
      one of which will lead to a loss of control and an inevitable accident.
  •   The mechanical simplicity leads to:-
        a) Low initial construction cost .
        b) Low maintenance cost.
Motor c) Inherent safety by    design.
                             100ms                      400ms
Inactived) With multiple motors, separate battery packs, and control system
           redundancy the likelihood of any internal system failure leading to a loss
           of control is low.
  •   UBER anticipate that these factors will make eVTOL’s an ultra-safe mode of
      transport, with accident rates well below those for road vehicles, and orders
      of magnitude lower than conventional helicopters.

                                    IN CONFIDENCE                                  14
Environmental Issues.

                           14ms                         100ms
 •   Conventional helicopters are noisy, relatively dangerous, and emit the usual
     hydrocarbon air pollution. This makes them of limited use in cities. In
     Philadelphia there are over 500 helicopter landing sites, but only 50 are
     used due to the noise and pollution issues.

 •   eVTOL’s are much quieter than helicopters because the tip speed of the
     small rotors is much lower than that of a helicopter main rotor.
Motor                       100ms                        400ms
Inactive
 • Electrical power is pollution free (at the point of use) so meets the green
     requirements that cities are now very concerned about.

 •   Reducing ground traffic congestion to shorten journey times is a key
     objective.

                                   IN CONFIDENCE                                    15
When Will the eVTOL Urban Air Taxi
                                     Market Happen?

•   Both UBER and Airbus are planning separate trials of their systems starting
    in 2020, with operational passenger carrying planned for 2023.
•   UBER are using Los Angeles, Dallas, and Dubai, where the city authorities
    are very keen to be the first to trial the concept.
•   Dubai plans to have 20% of cars being autonomous by 2020. They have
    already demonstrated the Volocopter last September, and are just starting a
    second trial with it. The Chinese eHANG will also be tested there this year.
•   Uber has signed a Space Act Agreement with NASA to create a brand-new
    air traffic control system to manage these low-flying, possibly autonomous
    aircraft.
•   Provided certification is achieved in time passenger services will start by
    2023. The AVCP safety system may well be instrumental in allowing this to
    happen …….. The FAA have said that “the AVCP system could bring forward
    the time in which services could start.”

                                 IN CONFIDENCE                                     16
Other Market Applications for the Parachute/
                                    Rocket Motor Combination.

Military UAV’s

UAV’s are increasingly taking over from military piloted aircraft, which will eventually reduce the
market available to MB. These are expensive, important assets.

Civilian Utility and Scientific UAV’s

Again, civilian use for many purposes is increasing rapidly, some with very expensive equipment.

Whole Aircraft Parachute Recovery Systems

This is a growing Light and General Aviation market application which can use exactly the same
combined parachute/rocket motor combination to great advantage compared to the current
ballistic parachute-only technology.
Parcel Delivery Drones
The FAA are not allowing this kind of service to start in the USA because of the safety concerns,
which the system might solve.
Conventional Helicopters
Either the LRM option or possibly even the combined parachute/motor system could be useful,
especially for training applications.

                                        IN CONFIDENCE                                              17
When Might it Happen in the Additional
                                              Markets?

Military UAV’s

Current market potential, we are talking to Agusta Westland.

Civilian Utility and Scientific UAV’s

Current market potential.

Whole Aircraft Parachute Recovery Systems

The existing ballistic parachute systems only work above about 250 – 300feet. Yet many accidents
happen on take-off or landing BELOW the effective altitude. There is clearly a huge current
opportunity in this existing market after we have demonstrated the system working.
Parcel Delivery Drones
The FAA are not allowing this kind of service to start in the USA because of the safety concerns,
which the system might solve. Could the AVCP system solve the current stalemate?
Conventional Helicopters
Either the LRM option or possibly even the combined parachute/motor system could be useful,
especially for training applications.

                                        IN CONFIDENCE                                           18
Airbus – Pop.up
Self funded

Airbus A3– Vahana
Self funded

Lilium
$100m (2017) Atomico, e42 Ventures.

Malloy Aeronautics - Hoverbike
Interest from DoD, $89,000 crowd funded

 IN CONFIDENCE                        19
Aurora Flight Sciences, now Boeing.
Uber Partner, (has DARPA X-plane
contract)

Tactical Robots Ltd, Cormorant
Self funded

E-volo, Volocopter
$30m (Including Daimler)

Ehang, Ehang 184
$10m (2014) GP Capital
$42m (2015) GGV Capital (inc. Microsoft)

 IN CONFIDENCE                         20
Joby Aviation, S2
$100million funding from Toyota, Intel etc.

Leonardo – Project Zero
Self funded

Kitty Hawk – In Production
Larry Page (Google co-founder) backed.

Zee Aero, still secret, Larry Page funded at
$100million level.

 IN CONFIDENCE                           21
XTI Aviation – Trifan 600.
Multiple funding

Bell Helicopters
Self funded, Uber partner

AirSpaceX – Mobi
Funded by US based automotive OEM

Pipistrel
Self funded, Uber partner

 IN CONFIDENCE                      22
Workhorse - SureFly.
Self funded. Practical utility vehicle with
hybrid power supply.

Elytron
Self funded

Neva Aerospace, AirQuadOne
Funded by Schubeler Technologies GmBH
$2.54million

Moller International, Skycar400
Self funded
 IN CONFIDENCE                                23
Volo2 Autonomous Vehicle Trial in Dubai
                                in 2017. Second Trial Starting 8th March.
•   Dubai’s Road & Transportation
                           14ms       Agency has already100ms
                                                           demonstrated the first
    fully-electric autonomous aerial vehicle drone as a potential air taxi service.

•   Ehang video

Motor                           100ms                            400ms
Inactive

    •   Both UBER and Airbus Vahana are planning to start aircraft trials in US cities in 2020.
    •   This is only just enough time to develop, test, and certify the AVCP safety system.

                                          IN CONFIDENCE                                           24
AIRBUS AND ITAL POPUP CONCEPT.

• New concept released   14ms                    100ms
                            in March 2017 for pods  that can be part of a
  road vehicle, air lifted or even in a Hyperloop.
• Released 7th March, the Pop-Up.Next version with AUDI.

•   Ital video link

Motor                  100ms                    400ms
Inactive

                               IN CONFIDENCE                           25
Conventional Ballistic Parachute Safety
                                       System.

• Every eVTOL manufacturer says they will fit a ballistic parachute in
  case there are control or power failure issues.

• But these only work above about 100 – 150feet altitude due to the
  time it takes for the parachute to open.

• Hence there is a critical safety gap between about 100 – 150feet.

• Certification to carry passengers and fly over crowded urban
  environments means that a complete Zero Altitude-Zero Speed safety
  system must be used.
• Currently there is no such system available.

                                IN CONFIDENCE                            26
Benefits of the Parachute/Rocket Motor
                                     Combination.

The addition of the rocket motor to a conventional ballistic parachute
system has several potential advantages:-
  • The Ground Contact Velocity (GCV) can be reduced from about
    6m/s to low levels such as 1-2m/s and possibly be actively
    controlled to ensure a soft landing.

  •   Because the rocket motor impulse available is doing the final
      part of the work in reducing the GCV a smaller, lighter, faster-
      opening parachute can be used.

  •    If the parachute is combined with an airbag system to open it
      very quickly (within 1s) the height at which the system becomes
      fully effective can be much reduced, probably from about 100
      feet to about 20 - 30 feet.

                              IN CONFIDENCE                              27
UBER Involvement.
• UBER have been driving14ms                       100ms
                         the whole concept of the Urban Air Taxi since 2016.
• The First UBER Elevate Summit was the ‘starting gun’ for the current explosion
  of interest in developing eVTOL aircraft designs, with 40+ major projects now
  targeting the objective.
 • But even before then NASA, and several far-sighted individuals have been
    pursuing the same objective of multi-rotor, electrically powered aircraft
    designs, including JoeBen Bevirt (an internet entrepreneur), Larry Page (Google
Motor                       100ms plus many others less400ms
    co-founder) for up to 10years,                       well-known.
Inactive
 • The Second UBER Elevate Summit is on 8th/9th May in Los Angeles, and AVCP
    has been invited to join UBER’ sponsorship scheme under which AVCP will
    present its technology and UBER will promote it to the 700+ industry delegates.
• AVCP has weekly video conference calls with the UBER Technical Staff to
  discuss the AVCP safety system development progress and production plans.

                                   IN CONFIDENCE                                 28
Simon James Scott
                        14ms
• And we have our own far-sighted   individual as well,100ms
                                                        in Simon James Scott, who
  in 2004 pitched an eVTOL project to Dragon’s Den, 13 years ago.

Motor                    100ms                        400ms
Inactive

                                  IN CONFIDENCE                                29
UBER Interest in AVCP Safety System.

  • UBER, and all the eVTOL
                         14ms                         100ms
                            design operations know very  well that in order for
    the Urban Air Taxi Concept to become reality the safety of the passengers
    and those on the ground is paramount.
  •    Hence a true Zero-Zero safety system is a critical requirement, and it is
      fortunate that AVCP has been the first to recognise this and promote the
      concept to the industry, so we are now viewed as the leading company,
      possibly the only company currently developing the required technology.
  • UBER’s invitation to AVCP
Motor                             to join the UBER Sponsorship
                              100ms                      400msScheme stated “We
Inactive
      have created an "Emerging Tech" sponsorship track aimed at maximizing
      exposure for promising startups at our Summit and beyond. We're providing
      this opportunity only to a small number of companies like Advanced Blast
      who (i) are closing an important gap in the Elevate ecosystem, (ii) and meet
      a technical capability rigor bar assessment from our team”.
  • Clearly, UBER cannot make any money from the concept until the aircraft
    can carry passengers.

                                   IN CONFIDENCE                                     30
Why Does AVCP Have Such a
                                     Strong Position?

  • The ABBS Group’s track14msrecord of developing the
                                                     100ms
                                                        AMPS™ technology to
    counteract the effects of mines/IED under a vehicle presents far more
    challenging issues than the eVTOL safety requirement.
  • The timescales to detect, measure, and react to the mine blast are
    milliseconds rather than tenth’s of seconds in the eVTOL case.
  • Similarly, the rate of impulse delivery from the motors is two orders of
      magnitude lower.
Motor                     100ms                         400ms
  • The internal rocket motor and propellant development capability within
Inactive
      ARMS puts AVCP in a unique position to deliver exactly what is required.
  • Using a ballistic parachute is a well known, standard technology, although
    the airbags added to open it rapidly are a new AVCP addition. But it is the
    ability of AVCP/ARMS to design and build bespoke rocket motor designs to
    fit any type of aircraft gives AVCP a huge advantage, now being clearly
    recognised by UBER.

                                  IN CONFIDENCE                                   31
System Design Code.
                 Total Mass (lbs)   Thrust (lbsf)   Critical Height (ft)   14ms
                                                                             Initial Height (ft)       vx (mph)        vy (mph)            100ms
                                                                                                                                     Burn Time (s)           Max g
                     4409.2            11240                11                       11                   0.0            -22.4           0.63                 1.55
                                                                                                                                                                                     Goalseek dt for
                                                                                                                                                                                      Zero Height
                 Total Mass (kg)     Thrust (N)     Critical Height (m)     Initial Height (m)         vx (m/s)        vy (m/s)      Burn Time (s)        Max g Limit
                     2000.0            50000                 3                       3                    0.0            -10.0           0.63                 3.00

                 4.00
                                                                                                                                                     Last Height Calculated   Impact Velocity at   Impact Velocity at
                                                                                                                                                              (m)             Height Zero (m/s)    Height Zero (mph)
                 3.50
                 3.00                                                                                                                                         0.00                  1.02                  2.3
    Height (m)

                 2.50
                 2.00                                                                                                                                Impact Height Used (m)     Max Mach No               dt

                 1.50
Motor1.00                                                                  100ms                                                                400ms         0.00                  0.029               0.0014

Inactive
      0.50
                                                                                                                                                          Time On (s)          Impact Time (s)       Burn Time (s)
                 0.00
                        0.00             2.00              4.00                    6.00                 8.00           10.00         12.00                    0.00                  0.69                 0.63

                                        Vertical Downwards Component of Velocity (m/s)

                                                                                                                                                                          Find Thrust
                    Time On           Time Off         Impact Time          Match Impact Time          Index Vy       Index Height    Min Height
                      0.001             0.6               0.694                   500                    1.02            0.00            0.00
                  Min vy (m/s)      At Height (m)      At Time (s)            Min vy (mph)           At Height (ft)   At Time (s)
                       0.4              0.0                0.63                     0.94                 0.15            0.63
                                                                                                                                        Max g
                                                                                                                                                                        Find Burn Time
                                                                                                                                         1.55

                                                                                                   IN CONFIDENCE                                                                                                        32
Safety System Design Code.
                        14ms                       100ms
  •    The design code which was originally developed in 2014 for the
       conventional helicopter crash prevention case is proving to be a
       critical tool in determining the optimum parameters for the
       design and operation of the system.
  •      Testing it with specific examples has clearly demonstrated that
         if we incorporate certain elements into the rocket motor design
Motor                        100ms                    400ms rate, aircraft
         we can deal with       any combination of descent
Inactive
         weight, and the height at which a failure occurs and land the
         aircraft safely at 1-2m/s with deceleration levels less than 2G.
  •    Hence we can clearly state that we do have a complete Zero-
       Zero safety system.

                                 IN CONFIDENCE                               33
Aircraft Industry Involvement.

                       14ms
• The mainstream aircraft                              100ms in order not to miss
                          industry is getting heavily involved
  the opportunities presented by the development of a completely new
  transport medium.
• Airbus have three projects:-   1) Vahana, being built in the USA.
                                 2) Citycar, being built in Europe.
                                 3) Pop-Up, longer term concept.
 • Boeing have bought Aurora Flight Sciences, who have been building
Motor                         100ms aircraft for NASA for some
    experimental electric powered                         400msyears.
Inactive
 • Bell Helicopter are teamed with UBER and showed their cabin design at the
    Consumer Electronics Show in Las Vegas recently.
 • Second and third tier aircraft companies such as Sikorsky, Embraer, Mooney,
    Pipistrel, all have their own projects.
 • Over 50 other entrepreneur-led projects bring the total to 57 as listed on the
    evtol.news website.

                                  IN CONFIDENCE                                34
VOOM - Airbus Trial in Sao Paulo
                          and Certification/Strategic Planning.

                        14ms                       100ms
 • Airbus Helicopters is incorporating helicopter booking platform
   Voom as part of its urban mobility strategy. Developed by Airbus A3
   in Silicon Valley and initially deployed commercially in April 2017 in
   São Paulo, Brazil, Voom has been used to successfully fly thousands
   of passengers by helicopter over the past 10 months.

  • In addition to applying Voom to helicopters, Airbus is exploring a
Motor                      100ms solutions, including400ms
      range of urban mobility                          the four-passenger,
Inactive
      self-piloted CityAirbus eVTOL demonstrator; the single-passenger,
      self-piloted A3 Vahana eVTOL aircraft; A3's Altiscope project to help
      shape regulations and certification requirements to safely integrate
      eVTOLs in urban skies; autonomous urban parcel delivery by
      drones; and the Racer high-speed demonstrator, which aims to
      connect urban centers.

                                 IN CONFIDENCE                                35
Aircraft Industry Involvement – Full
                                         evtol.news List of 57 Projects.

    A³ Vahana
                                    14ms                            100ms
                                       Embraer (unnamed)             Passenger Drone
    Airbus Helicopters CityAirbus      EVA X01                       PAVX
    AirisOne                           Flexcraft (unnamed)           PAV-UL Ultralight
    AirspaceX MOBi                     Flike                         Pipistrel (unnamed)
    Alauda Airspeeder                  Flyt Aerospace FlytCycle      Sikorsky VERT
    Aurora Flight Sciences eVTOL       Gravity X                     SKYLYS Aircraft AO
    Aurora Flight Sciences             HopFlyt (unnamed)             Skypod Aerospace Skypod
         LightningStrike               HoverSurf Drone Taxi R-1      Starling Jet
    Autonomous Flight Y6S              HoverSurf Formula             Terrafugia TF-X
    Avianovations Hepard               HoverSurf Scorpion            Urban Aeronautics CityHawk
    Bartini Flying Car                 JAXA Hornisse 2B              VerdeGo Aero PAT200
Motor
    Bell Helicopter (unnamed)       100ms
                                       Jetpack Aviation (unnamed)   400ms
                                                                     Vimana (unnamed)
    Boeing Cargo Aerial Vehicle        Joby Aviation S4              Volocopter VC200 / 2X
Inactive
    Carter Aviation CarterCopter       Kalashnikov (unnamed)         VRCO NeoXCraft
    Cartivator SkyDrive                Kitty Hawk Flyer              Workhorse SureFly
    Davinci ZeroG                      Lilium Jet                    XTI Aircraft Trifan 600
    DeLorean Aerospace DR-7            Malloy Hoverbike              Zee Aero Z-P1
    Dekatone (unnamed)                 Moller Skycar M400            (updated March, 2018)
    Digi Robotics Droxi                Napoleon Aero VTOL
    Digi Robotics DroFire              Neva Aerospace AirQuadOne
    EHang 184

                                             IN CONFIDENCE                                        36
Motor/Internet Industry Involvement.

                       14ms                     100ms
   • Joby - $100million investment from Toyota, Intel etc.
   • Lilium - $100million investment including Skype and Twitter
     co-founders.
   • Volocopter - $30million investment from Daimler.
   • Porsche – just announced interest in getting involved.
Motor
    • eHANG - $60million
                      100ms                    400ms
                         investment including Microsoft.
Inactive
   • Kittyhawk/Zee Aero - $100million from Larry Page.
   • Terrafugia – a real flying car, bought by Geely, Chinese
     car manufacturer which owns Volvo, Proton and Lotus.
   • Airbus are now teamed with AUDI for the Pop-Up.Next design.
   • Amazon – delivery drones and autonomous cars ……what next?

                               IN CONFIDENCE                       37
HAI Convention Report.

                       14ms                       100ms
           There's No Turning Back from an eVTOL
                 Future - February 28, 2018.
     The electric vertical takeoff and landing (eVTOL) revolution is
     upon us, and there’s likely no turning back. That is the message
     from a growing number of opinion leaders at this year’s Heli-Expo.
MotorThat list includes 100ms                  400ms director Mike
                         AHS International executive
Inactive
       Hirschberg, who points out that more than $1 billion has been
     invested in vehicles and related research before regulations are
     finalized for the category. And the roster of companies involved
     includes major players such as Airbus, Boeing, Bell, Embraer, Intel,
     Amazon, Honda, Toyota, Daimler, and Uber.

                                IN CONFIDENCE                               38
Certification Issues - American
                         Helicopter Society and Bell Helicopter.
                       14ms                     100ms
 • AHS CEO Mike Hirschberg said that reforms to Part 23 certification
   requirements could go a long way to making eVTOL design approval
   of both electric powerplants and occupant protection achievable.

 • Bell CEO Mitch Snyder agrees. The company is displaying its concept
   for an urban air vehicle this week at Heli-Expo.
Motor                   100ms                     400ms
  • Bell executive vice president for technology and innovation Michael
Inactive
    Thacker "is meeting with the FAA all the time, and we are having
    these discussions,” Snyder said this week at Heli-Expo. “We’re
    working hand in hand with the regulatory authorities on how you
    would certify this and how it would operate in the flight space.”

                              IN CONFIDENCE                               39
Bell Helicopter View.
                       14ms                      100ms

  Quotes from recent article:-

  • What Bell CEO Mitch Snyder sees as perhaps a larger challenge is
    how Bell would shift from a comparatively low-volume, high-unit-
    cost manufacturer to a high-volume, low-unit-cost one.
Motor                  100ms                   400ms
   • We have to look at how are we going to manufacture at a high rate.
Inactive
     We can probably use different types of robotics. But it is a change
     for a company. You've got to be able to rapidly manufacture these
     very quickly. You're talking 10, 15, 20, 30 a day, or even more.”

                                 IN CONFIDENCE                             40
Boeing Comment 7th March 2018

  Boeing CEO: Flying14ms
                     taxis to become a reality
                                          100msin the next ten
  years.
  •   The CEO of Boeing, one of the largest aerospace companies in the world, believes
      that cities will start introducing air transport on short distances over the next
      decade.
  •   Dennis Muilenburg believes that the so-called flying taxis will become a reality
      much sooner than we imagine, according to News.ro.
Motor                                                 400ms
   • There are already functional prototypes at the moment, and the necessary
Inactive
      technology is available. The era of urban flying vehicles is close enough for
      authorities to begin thinking about the rules of the future 3D roads, says
      Muilenburg.
  •   The Boeing CEO isn’t alone in his optimism. He is also supported by a recent study
      by Deloitte, which talks about 2-5 seat commercial drones which will look like an
      evolved version of current helicopters and will enter the market starting 2020.

                                       CONFIDENTIAL                                        41
Blockchain Development for Flight
                             Management.
Blockchain.aero - ICO – Coinhills
1.https://www.coinhills.com/ico/view/blockchain-aero/
13 Dec 2017 - Blockchain.aero is a blockchain for mass urban
aviation market worth more than $1 trillion and a platform to
tokenize aerial vehicles and infrastructure. We are a decentralized
business consortium that aims to deploy urban community-driven
aviation systems for passengers and city managers in 2020.
The community of decentralized urban flights is formed by the
several dozen enthusiasts of decentralized urban mass aviation, and
the Blockchain.aero business consortium is founded by the
industrial blockchain project community and developers (Emer
technologies), aircraft developers and manufacturers (Bartini
project)

                           IN CONFIDENCE                              42
Safety System Elements.
                      14ms                     100ms
                 For a 4,500lb/2,000kg aircraft.
• Total parachute/rocket motor weight is just 100lbs/45kg.
• Five separate active and passive system elements.
    • Rapid opening parachute.
Motor• Solid composite  100ms propellant    rocket
                                                400msmotors under
Inactive aircraft fuselage or wings.

    • Lightweight shock-absorbing stroking seat.
    • Energy absorbing crushable structure.
    • Multiple lightweight airbags.

                             CONFIDENTIAL                           43
Safety System Elements.

 IN CONFIDENCE            44
Rapid Opening Parachute.

  IN CONFIDENCE            45
Target Result – A GCV Less Than
  2 m/s In All Circumstances.

    IN CONFIDENCE                 46
System Safety.
                      14ms                     100ms
  • Using an energetic rocket motor system, safety is paramount.
  • The whole system runs in Safe Mode until it is triggered. It then
    arms in less than 1ms and launches reaching operating position
    in 0.4s.
  • On launch the rocket motor initiation and parachute launch
    systems move from Safe to Armed state.
Motor                  100ms                  400ms
   • The parachute is launched and the rapid opening airbag system
Inactive
     operates automatically when the system leaves the launch
     container, fully opening the parachute canopy in about 1s.
  • AVCP uses ultra-safe EFI initiation systems which are standard
    on air-launched weapon systems.

                              CONFIDENTIAL                              47
Airbus Pop-Up Concept.
           14ms                    100ms

Motor      100ms                   400ms
Inactive

                   IN CONFIDENCE           48
Kittyhawk Flyer – How many will be
             sold for fun and Utility applications?

           14ms                    100ms

Motor      100ms                   400ms
Inactive

                   IN CONFIDENCE                      49
Lilium, Passenger Drone and
                       Volocopter Dubai + Other Videos.
                        14ms                   100ms
https://www.theverge.com/2017/9/5/16254258/lilium-jet-90-million-
funding-electric-flying-taxi

https://newatlas.com/passenger-drone-flying-taxi/51539/

 https://edition.cnn.com/videos/cnnmoney/2017/09/26/flying-taxi-dubai-
volocopter-drone-sje-lon-orig.cnn-tech
                        100ms                     400ms
https://twitter.com/kittyhawkcorp/status/945398774091927552 Sebastian
Thrun (Kitty Hawk CEO)

https://www.youtube.com/watch?v=F0XCGbSZzC8&feature=youtu.be Jon
Rimanelli talk

https://www.ainonline.com/aviation-news/business-aviation/2018-01-08/bell-
helicopter-unveil-urban-air-taxi-ces-2018 Bell helicopter

                              IN CONFIDENCE                                  50
How Difficult Can It Be?
                     14ms                  100ms

       https://www.youtube.com/watch?v=EQK9m_OBVgY   Bathtub

Motor                                      400ms
Inactive

                            CONFIDENTIAL                       51
ABBS Group Structure and Roles of
                                     Different Operations.

        Advanced Blast & Ballistic Systems Ltd. (ABBS) (57% RMS)
        Holds AMPS™ Patents and markets the AMPS™ armoured
                 vehicle and AVCP technology globally.

    Advanced Reaction Motor Systems Ltd. (ARMS) (40/40% JV between
    ABBS Ltd & Falcon) LRM™, propellant, and rocket motor production
      and other hardware procurement required for AMPS™ systems.

     Advanced Blast LLC           Advanced Protected      Active VTOL Crash
         (92% ABBS)                   Vehicles Ltd.         Prevention Ltd.
    Primary licensee for US       (23.75% each ABBS,     30% each ABBS and
             Sales.                  ARMS, Duncan          ARMS, 24% 3 key
                                  Hermer, Jez Hermer)            staff.
 ABBS USA Inc. (100% M3              JV with OVIK,       £300k raised in first
Consulting – Kevin Mulrenin)          designs and         round at £3million
Independent US operation.          procures blast and     valuation, second
  Marketing/Support and            ballistic protected      round targeting
      ITAR firewall.               Head-of-State type    £700,000 for 14% at
                                        vehicles.        £5million valuation.

                               IN CONFIDENCE                             52
Active VTOL Crash Prevention Ltd

   Thank You for your attention.

          www.advanced-blast.com
        sj.scott@advanced-blast.com
     roger.sloman@advanced-blast.com
         Mobile:- (44) 07989 381057

                IN CONFIDENCE          53
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