A Complete Zero/Zero Safety System for eVTOL's and Other Applications - Active VTOL Crash Prevention Ltd - Proactive Investors
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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
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
Comparison No Motors/With Motors. 300mm standoff, moist soil, 100mm depth, 6kg mine. IN CONFIDENCE 3
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
Automated Propellant Extrusion 14ms 100ms Motor Inactive Composite Propellant Development Project? CONFIDENTIAL 5
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
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
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
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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