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NOVUS INK Advisors and Solidus Capital Group Team-up to Serve Growing Transatlantic Commercial Interests of Mid-Market Enterprises

NOVUS INK Advisors

NOVUS INK Advisors and Solidus Capital Group signed a services agreement today to provide integrated senior advisory and execution services to small-and mid-market enterprises amid thriving commercial interests between the United States and Europe. The two firms aim to accelerate client services by combining expertise and resources to support growth into new markets, encompassing management counsel, valuation, performance tracking, board advisory, marketing, communication, public and government affairs. The collaboration will enable NOVUS INK Advisors and Solidus Capital Group to meet the unique needs of global small-and mid-market enterprise clients operating across business-to-consumer, business-to-business, and business-to-government segments. The transatlantic economy is proving remarkably robust in the face of global economic and geopolitical disruptions. No two other regions in the world are as deeply integrated as the United States and Europe, according to the 2024 Transatlantic Economy Report from the U.S. Chamber of Commerce, AmCham EU, Johns Hopkins SAIS and the Transatlantic Leadership Network. The report states: "the $8.7 trillion transatlantic economy employs more than 16 million workers in mutually onshored jobs on both sides of the Atlantic. It is the largest and wealthiest market in the world, accounting for half of total global personal consumption and close to one-third of world GDP in purchasing power. Ties are solid in foreign direct investment, portfolio investment, banking claims, trade and affiliate sales in goods and services, digital links, energy, mutual R&D investment, patent cooperation, technology flows, and sales of knowledge-intensive services." The services agreement will be overseen by a committee chaired by Pia De Lima and Daniel Diaz, NOVUS INK Advisors' Managing Partners, and Andreas Dal Santo, Solidus Capital Group's Managing Director. NOVUS INK Advisors is based in Miami. Solidus Capital Group, affiliated with Atlantic Business Labs, is based in New York. NOVUS INK Advisors is a communication, public and government affairs lobbying firm. NOVUS INK Advisors' practice areas include Corporate, Band and Product Reputation, Business Strategy, Crisis and Reputation Risk, Financial Services, Investor Relations, Mergers & Acquisitions, Brand and Product Marketing Communications Strategy, and Public and Government Affairs. NOVUS INK Advisors is a registered lobbying firm. To learn more, visit: www.NovusInk.com. Solidus Capital Group specializes in management consulting, business valuation, and board advisory services for firms expanding into North America, Latin America, and Europe. It is spearheading an ecosystem of companies, consultants, and subject matter experts with experience from different industries and regions to support corporate and institutional clients' global strategies and growth into new markets. To learn more, visit www.solidus-capital.com. CONTACTS: NOVUS INK Advisors: client.services@NovusInk.com Solidus Capital Group: client.services@Solidus-Capital.com Contact Details NOVUS INK Advisors Client Services client.services@NovusInk.com Company Website https://www.novusink.com/about

June 11, 2024 09:30 AM Eastern Daylight Time

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On The Horizon: How One Company Plans To Use Its Innovative Aircraft Design To Revolutionize Regional Air Travel

Benzinga

By James Blacker, Benzinga Investment in Regional Air Mobility (RAM) is on the rise, driven by innovative flight technologies that promise to transform short-haul travel and improve connectivity between small cities and rural areas. As the demand for efficient, sustainable and flexible transportation increases, companies like New Horizon Aircraft (NASDAQ: HOVR) are positioning themselves to capitalize on a global market that could grow to $115 billion by 2035, with some 300 to 700 million passengers annually. Rising Demand For RAM In the United States, regional airports are underutilized, partly because most airlines use hub-and-spoke networks that require passengers to transit at larger hubs. Most Americans therefore choose to either drive to their final destination or fly from a larger airport, even if it is further away. The idea of RAM is to use smaller aircraft to connect regions that are underserved by traditional airline routes. It brings the convenience and speed of air travel to everyone, wherever they are located across the country. A NASA-funded study carried out by the Georgia Institute of Technology’s School of Aerospace Engineering predicts a resurgence in demand for regional flying. Based on door-to-door travel costs and travel-time savings, the researchers identified how many people taking journeys of more than 100 miles would choose to fly if they could do so from a nearby regional airport. Technological Advances In Aviation McKinsey & Company notes that innovations in propulsion, aircraft design, manufacturing, navigation and control are making small aircraft more viable. These technological advances promise to push down operational costs and reduce the environmental impact. In the future, we could even see fully autonomous aircraft, which would cut costs even further as labor accounts for around 20%-30% of small aircraft operating costs. According to McKinsey, more than 50 companies are developing battery-electric, hybrid, or hydrogen small aircraft. Players working on new aircraft designs include Airbus and Embraer (NYSE: ERJ). eVTOL For Regional Mobility? Another player looking to tap into the RAM market is New Horizon Aircraft (NASDAQ: HOVR), a developer of electric Vertical Take-Off and Landing (eVTOL) aircraft. While eVTOL aircraft are typically designed for very short flights within urban areas, Horizon’s Cavorite X7 uses a patented wing design that allows it to fly further and carry heavier loads, making it suitable for the regional air mobility market. New Horizon’s Cavorite X7 is a next generation hybrid-electric eVTOL aircraft that can move people and cargo across distances of between 50 and 500 miles at speeds of up to 250 mph. It is a seven-seater aircraft that can take off and land vertically, like a helicopter. However, once it reaches a safe altitude, the Cavorite X7 reconfigures and flies like a normal plane, allowing it to fly faster and further than a helicopter. With a hybrid electric power system, the Cavorite X7 can also recharge mid-flight. In addition to passenger travel for the RAM market, New Horizon envisages that the X7 will also be used in various sectors, including medical evacuation, natural disaster response, emergency surveillance and search and rescue. A Promising Horizon Recent investment in the RAM market represents the start of a seismic shift to more efficient and sustainable short-haul travel. New Horizon Aircraft is at the forefront of this transformation, offering an innovative product that addresses the growing demand for regional connectivity. For investors, this could present a compelling opportunity to be part of a market poised for substantial growth. Featured photo courtesy of New Horizon Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 06, 2024 08:45 AM Eastern Daylight Time

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Shareholder Proposal Seeks Reevaluation of Exec. Incentives for EVs at GM

NLPC

On June 4, National Legal and Policy Center will present a shareholder proposal at the General Motors Company advocating for GM’s board of directors to reevaluate the electric vehicle expansion targets included in its executive compensation packages. The proposal, identified as Item No. 5 on the 2024 proxy ballot, argues that GM’s focus on electric vehicles is misaligned with both the market demand for EVs and the economic realities the company faces. Last month NLPC filed a proxy memo with the Securities and Exchange Commission that explains its rationale for the proposal. GM, like many in energy-intensive sectors, has increasingly aligned its corporate strategies with a poorly substantiated, government-subsidized, and corporate media-amplified “scientific consensus” that carbon emissions will result in catastrophic effects to the planet, and to humans. These scenarios are increasingly unlikely, yet the corporate media continues to portray them as the default. Supposedly, this climate crisis can only be averted if governments and consumers adopt environmentally friendly technology, such as electric vehicles, en masse. However, electric vehicles aren’t good for the environment. Even with government subsidies, they’re expensive and unprofitable. Further, consumers don’t want to make the switch. Luke Perlot, Associate Director of NLPC's Corporate Integrity Project, stated, “Our proposal encourages a reassessment of GM’s current executive compensation incentives, which overly prioritize electric vehicle production without adequate consideration of the associated economic, environmental, and ethical risks. Instead, the company should remove these incentives and give its executive team the opportunity to pursue growth strategies without political bias.” Key Details of the Proposal: Misalignment with Market Realities: Despite substantial investments and executive incentives, the anticipated demand for EVs has not materialized at the projected scale. An open letter to President Biden signed by over 5,000 auto dealerships warned of lack of demand for EVs. Economic Viability and Subsidy Dependence: GM's profitability in the EV sector is heavily reliant on government subsidies, which are subject to political changes and could be repealed as early as 2025. Without these subsidies, the division’s path to achieving positive pre-tax earnings, currently projected for no sooner than 2025, appears increasingly precarious. Environmental and Ethical Challenges: The extraction and processing of rare-earth elements, crucial for these batteries, are predominantly concentrated in regions with poor environmental and labor standards. This not only leads to severe ecological damage, but also involves significant human rights abuses, including forced labor. Further, these elements are primarily processed in China, a geopolitical adversary of the United States. “Consumers still want internal combustion engine vehicles,” Perlot added, “and GM’s competitors are making substantial investments to meet their demand. The company cannot afford to be left behind because of misguided incentives.” Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

June 03, 2024 11:45 AM Eastern Daylight Time

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New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype

Benzinga

By James Blacker, Benzinga The world is on the cusp of a new era of more sustainable and efficient transportation with the advent of electric Vertical Take-Off and Landing (eVTOL) aircraft. These potentially revolutionary vehicles are designed to take off and land vertically, making them ideal for congested urban environments and remote areas where runway space is limited. They have a long list of use cases, from faster medical service to global crisis relief. The global advanced air mobility market, estimated at $8.15 billion in 2022, is projected to expand at a compound annual growth rate of 24.6% from 2023 to 2035, driven by advancements in electrical propulsion systems and demand for faster, more efficient transportation. New Horizon Aircraft: A Differentiated eVTOL Product Among the companies developing eVTOL technology is New Horizon Aircraft Ltd. (NASDAQ: HOVR). Its prototype, the Cavorite X7, is a hybrid electric eVTOL that features a patented wing system allowing it to convert to a conventional airplane configuration after taking off vertically. The company claims it can, therefore, go faster, farther, and carry more useful load than other eVTOL aircraft, such as those developed by Lilium (NASDAQ: LILM), Archer Aviation (NYSE: ACHR), Joby Aviation (NYSE: JOBY), and EHang Holdings (NASDAQ: EH). The Cavorite X7 also differs from its competitors in that it uses a hybrid electric main power system allowing it to recharge its battery array in flight and after landing. Technical Milestones In a recent press release, Horizon announced a number of promising technical updates on the development of its prototype, notably including the validation of its patent-pending yaw control system. This system is a crucial component of Horizon’s patented HOVR Wing tech, enabling the Cavorite X7 to remain stable even in strong crosswinds. It offers a smoother and more comfortable ride for passengers while improving control for pilots. Another significant announcement is the start of production and testing of the aircraft’s core vertical lifting fan technology. This milestone was reached thanks to the completion of the detailed design and aerodynamic analysis. The scale prototype of the Cavorite X7 is currently undergoing a rigorous flight-testing program, with important “transition” flight tests on schedule to be completed by mid-summer where the aircraft will complete the transition from hover to full wing-borne flight – something few companies in this space have achieved. Horizon stated that the aircraft is demonstrating stability and control as expected. “Over the past several months, Horizon has made incredible progress. I am continually amazed with the technical aptitude of our team as it clears one engineering hurdle after another. The transition flight testing program has taken significant strides forward, with the aircraft demonstrating impressive stability and control all the way from hover to approaching transition speed,” said Horizon Chairman and CEO Brandon Robinson. Horizon’s unique hybrid eVTOL architecture sets it apart from its all-electric competitors, making the company one to keep an eye on in this space. Learn more about the company here. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 31, 2024 08:30 AM Eastern Daylight Time

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NAFA’s Second Annual Fleet Safety Symposium: Uniting Fleet Professionals for Safer Roads

NAFA Fleet Management Association

Safety is critical in the fleet industry, and NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, is dedicated to advancing safety standards across the board. In support of this commitment, NAFA is hosting its second annual Fleet Safety Symposium, "Enhancing Fleet Safety: An Interactive Fleet Safety Event," from June 24-26 at Oakton Community College in Chicago, IL. “The Fleet Safety Symposium is a cornerstone of NAFA’s commitment to promoting safety in fleet management. This event is designed to provide our members with practical strategies and tools to implement effective safety practices within their operations,” said Bill Schankel, CAE, CEO of NAFA. “We look forward to seeing the collaborative efforts of our participants as they work together to enhance safety standards across the industry.” Building on last year’s success, this year’s symposium introduces new, cutting-edge content aimed at addressing the evolving challenges in fleet operations. Participants will engage in interactive sessions focused on enhancing safety awareness, mitigating risks and fostering a culture of safety excellence. Jerry Curl, Chief Operating Officer at G&D Trucking Inc./Hoffman Transportation LLC, will help lead the symposium, guiding attendees through the event and driving insightful discussions. Fleet Safety Symposium Highlights and Key Features: Interactive Sessions: Engage in dynamic discussions designed to enhance safety awareness and mitigate risks. “Trip Up the Expert” Session: Challenge industry experts to uncover blind spots and develop innovative solutions to safety challenges. Expert-Led Discussions: Participate in thought-provoking conversations and real-world case studies. Hands-On Activities and Group Exercises: Experience practical training that fosters a proactive approach to safety management. Focus Areas: Safety Planning Safety Culture Safety Tools and Technologies Safety Policy Implementation This event will provide attendees with the tools, strategies and insights needed to drive positive change within their fleet operations, ensuring the safety and well-being of drivers, vehicles and communities. For more information and to register, please visit https://www.nafa.org/events/fleetsafetysymposium/ NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

May 30, 2024 02:52 PM Eastern Daylight Time

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Halving of BTFS Storage Rewards

BitTorrent

Singapore, May 28, 2024 – To sustain the growth and success of the BitTorrent ecosystem, BTFS is set to implement a halving on the next round of rewards for storage miners on the BTFS network. From 00:00 (UTC) June 25, 2024, the daily rewards for storage miners on the BTFS network will be halved from 15 billion BTT to 7.5 billion BTT. The BitTorrent File System (BTFS) is a decentralized file storage system that utilizes blockchain technology and peer-to-peer transmission. It allows users to store their files across multiple nodes in a distributed manner, enhancing file security and reliability. BTFS also offers rapid file transfer and access, giving users greater convenience in managing and sharing files. By integrating key features of the BitTorrent Chain (BTTC), such as cross-chain connectivity and multichannel payment options, BTFS significantly enhances user experience. Currently, the BTFS network is experiencing rapid growth with over 8 million nodes across the network, including more than 6 million super miners, according to BTFS SCAN. To support the efficient operations of these nodes, BTFS initiated a rewards program and has provided an aggregate of 25 trillion BTT since the launch of BTFS Mainnet in 2019. Every two years, the BTFS rewards halving will occur causing the rewards for all storage miners across the network to be cut in half. (Halving roadmap) Moreover, halving will also prompt miners to improve node performance by optimizing node operation and reducing waste. In addition, an upgrade of the official website for the BTFS technical community and the release of BTFS v3.0 Mainnet will be scheduled in sync with the halving. These developments are expected to improve the efficiency of the BTFS protocol, expand the user base, and enhance its overall functionality. Looking ahead, BTFS is committed to continuously refining its storage rewards strategies. The goal is to expand the network of nodes participating in file storage on BTFS, providing developers with an efficient, secure, and reliable storage solution boosting both the capacity and the transaction efficiency of the BTTC network. About BTFS The BitTorrent File System (BTFS) is both a protocol and a web application that provides a content-addressable peer-to-peer mechanism for storing and sharing digital content in a decentralized file system, as well as a base platform for decentralized applications (Dapp). The BTFS team has been working on the latest network operations and BTT market sentiment, etc., to make a series of dynamic adjustments such as upload prices and airdrop reward schemes. About BitTorrent Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally. Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide. Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more. Website | Telegram | Medium | X | Media Contact John Chen press@bittorrent.com Contact Details John Chen press@bittorrent.com

May 28, 2024 07:53 PM Eastern Daylight Time

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DB Schenker Americas Earns IATA Lithium Battery Transport Certification

DB Schenker

DB Schenker, a global leader in logistics and supply chain solutions, is proud to announce the successful acquisition of the Center of Excellence for Independent Validators (CEIV) Lithium Batteries Certification for its United States airfreight operations from the International Air Transport Association (IATA). This significant achievement underscores DB Schenker's commitment to setting the standard for safely and efficiently handling lithium battery shipments, a critical component in today’s technology-driven market. John McDonald, EVP of Americas for Airfreight, DB Schenker, said, “The CEIV Lithium Batteries program, crafted by IATA, is an industry-recognized certification that represents a company's ability to meet the stringent guidelines and standards for the logistics of lithium batteries. The certification confirms DB Schenker's proficiency in the safe transport of these items, which are essential for powering a vast array of devices and systems essential to modern life and commerce.” DB Schenker embarked on a rigorous certification journey marked by a series of in-depth training sessions, self-assessments, and meticulous documentation reviews. Barbara England, Sr. Director of Operations for Airfreight, DB Schenker, said, “The process began with comprehensive training, where Air Export Operations personnel and Air Product Management teams completed the IATA Lithium Battery Logistics Safety Management Certification Program. Following this, DB Schenker conducted a thorough self-assessment to ensure alignment with IATA’s exacting standards.” Brendan Sullivan, IATA’s Global Head of Cargo, said, "Congratulations to DB Schenker for achieving CEIV Lithium Batteries Certification for their operations in the United States. This accomplishment underscores the company's unwavering commitment to excellence in logistics within the rapidly growing sector. DB Schenker’s dedication to the safe handling of shipments is something their customers will undoubtedly value. Furthermore, the industry stands to benefit from the quality benchmark that they are helping to establish.” The assessment phase took place at DB Schenker's facility in Franklin Park, IL, where an IATA assessor meticulously evaluated the company's operations, processes, and adherence to the CEIV Lithium Batteries audit checklist. This checklist, featuring over 200-line items, required DB Schenker to demonstrate the highest level of precision and commitment to safety standards. Upon completion of the assessment, the findings underwent a rigorous validation process by IATA, culminating in the certification being awarded on January 29, 2024, with the notable distinction of zero non-conformities – a testament to DB Schenker's diligent preparation and dedication to excellence. The implications of receiving the CEIV Lithium Batteries certification are far-reaching for DB Schenker. This certification is not only a validation of DB Schenker’s unwavering dedication to safety and quality but also positions the company to meet the surging demand for the transportation of lithium battery products. Clients and partners can now have even greater confidence in DB Schenker’s capabilities to handle their shipments with the utmost care and expertise. Looking to the future, DB Schenker views this certification as a cornerstone of its ongoing strategy to expand its specialty in transporting dangerous goods. The company is already planning to extend the CEIV Lithium certification to additional global sites and is confident in pursuing further certifications for other dangerous goods, irrespective of the mode of transport. This certification aligns with DB Schenker's strategic vision to lead the logistics industry in safety, efficiency, and reliability. With the growing reliance on lithium batteries across multiple sectors, DB Schenker is well-prepared to support its customers with the highest level of service. The CEIV Lithium Batteries certification is valid for two years, during which DB Schenker will engage in continuous improvement and compliance to maintain this status. Refresher training for key personnel will be conducted, and new assessments will ensure ongoing adherence to the rigorous standards set forth by IATA. ### About DB Schenker Americas DB Schenker is one of the largest Integrated Logistics Service Providers in the Americas, with more than 10,000 employees in 123 locations providing over 27 million sq. ft. of distribution operations to its clients. DB Schenker's Americas presence includes Argentina, Brazil, Canada, Chile, Guatemala, Mexico, Panama, Peru, United States, and Venezuela. DB Schenker offers land transport and air and ocean freight, as well as comprehensive logistics solutions and global supply chain management services from a single source. With integrated partners across the Americas, DB Schenker provides the best combination of intimate local practices, knowledge, and global capabilities. About DB Schenker With around 72,700 employees at more than 1,850 locations in over 130 countries, DB Schenker is one of the world's leading logistics service providers. The company operates land, air, and ocean transportation services, and it also offers comprehensive logistics and global supply chain management solutions from a single source. Aiming for a sustainable future of the logistics industry, DB Schenker continuously invests in innovative transport solutions, renewable energies, and low-emission products for its customers. Contact Details Nicholas Leighton +1 949-478-5880 nick.leighton@nettresultsLLC.com Company Website https://www.dbschenker.com

May 23, 2024 09:00 AM Eastern Daylight Time

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Ilika CEO highlights strong 2024 financial performance and key developments

Ilika PLC

Ilika PLC CEO Graeme Purdy discusses the company’s positive trading update for the year to 30 April 2024 with Proactive London’s Stephen Gunnion. The company expects to announce revenues of approximately £2.1 million from £0.7 million a year earlier and ended the period with cash and cash equivalents of £11.9 million, providing a solid foundation for future operations. Key highlights included a ten-year licensing agreement with Cirtec Medical LLC in the US to commercialise miniature batteries for medical devices and wireless sensors. Additionally, Ilika announced a 12-month collaboration with the Tata Group’s Agratas to develop Goliath cells, aiming for a 50 amp-hour battery by the first half of 2025. The company’s financial position is supplemented by a recent £1.7 million capital raise aimed at advancing the Goliath programme. Planned investments include upgrading dry room capabilities to handle moisture-sensitive materials and enhancing testing equipment for larger battery prototypes. Purdy also provided an update on the Stereax production line, noting significant progress at the Massachusetts facility, with equipment commissioning and qualification underway. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 17, 2024 02:24 PM Eastern Daylight Time

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Surf Air Mobility Beats Revenue Guidance and Appoints Former Bombardier Flexjet Exec as New Interim CEO

MarketJar

Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, just announced its incoming interim-CEO, Deanna White, a leading pioneer in the aviation industry. 1 Deanna, Surf Air Mobility ’s former CFO and current Senior Advisor, will become full time Chief Operating Officer and interim CEO for Surf Air Mobility Inc. (NYSE:SRFM). Deanna White brings years of executive experience in aviation and a proven commitment to transforming flight. This news also marks a significant milestone for the aviation space, which is primarily a male-dominated industry. Deanna is the perfect choice to guide Surf Air Mobility into the future as the company turns its focus to profitability and efficiency. Her unparalleled depth of experience in the aviation industry, combined with her intimate knowledge of Surf Air Mobility and the broader opportunity, positions her to lead the company towards new heights. Since joining Surf Air Mobility in 2021, she has made valuable and long-lasting contributions as both CFO and Senior Advisor of the company. Deanna’s previous experience in both emerging aviation technologies and private charter operations makes her an amazing fit. She has served as COO at Kittyhawk, which was sold during her tenure to Boeing and has subsequently been rebranded as Wisk Aero, where she led the business operations and commercialization of an R&D eVTOL aircraft program. She was also CEO of Bombardier Flexjet, a global leader in private aviation, which was ultimately sold to Directional Aviation Capital for $185 million. Deanna is a seasoned industry leader, blending an intimate knowledge of Surf Air Mobility and its people with an unparalleled depth of experience in the aviation industry. She has a proven track record of success in the C-Suite of multiple innovative companies across the Air Mobility sector. Her previous experience in C-level positions at Bombardier Flexjet and Kittyhawk, continues to guide and inspire her as she leads Surf Air Mobility into its next chapter. This new phase will balance growth and opportunity with profitability, as Deanna reshapes the industry and realizes Surf Air Mobility ’s massive potential. In a CEO transition, Stan Little, the founder of Southern Airways and current Surf Air CEO, will move to a "Founder’s" role. Surf Air Mobility also provided financial and business highlights for the first quarter of 2024. The company is making progress on key initiatives, including supporting 19 communities under the Essential Air Service program and entering into an MOU to supply electric powertrains to Tanzanian Cessna Caravan operator Auric Air. The aircraft electrification program is on track to complete the conceptual design phase by the fourth quarter of 2024, and software development for B2C and B2B platforms is ongoing. To enhance its capital structure, Surf Air Mobility has engaged a leading investment bank to secure additional, non-dilutive or less-dilutive capital in the form of a credit facility. Congress is expected to imminently pass the FAA Reauthorization Act, which, in its current form, would positively impact the Essential Air Service (“EAS”) program by raising the subsidy cap from a maximum of $200 per passenger to a maximum of at least $650 per passenger. As of March 31, Surf Air Mobility supported 19 communities under the EAS program. The FAA Reauthorization Act requires the total cost of an air carrier's proposal to be equally weighted with other factors such as local recommendations, including frequency of service, and interline agreements. This focus on cost favors Surf Air Mobility’s low-cost Caravan fleet. Stan Little, founder of Southern Airways, highlighted that Surf Air Mobility achieved many first-quarter goals and met or exceeded guidance. He noted their collaboration with Congressional leaders from both parties to reform and expand the Essential Air Service program, aiming to benefit passengers, commuter air carriers, and taxpayers. Additionally, the company continued its electrification efforts, which are designed to benefit all stakeholders. For more information on the company’s first quarter financial results and outlook, visit investors.surfair.com. Surf Air Mobility Advances Regional Air Travel Through Electrification Surf Air Mobility Inc. (NYSE:SRFM), headquartered in Los Angeles, is dedicated to transforming regional air travel through electrification. The company partners with commercial leaders to develop innovative powertrain technology for smaller aircraft, with the goal of making regional flying more accessible and affordable while reducing environmental impact. Supported by a management team with expertise in aviation, electrification, and consumer technology, Surf Air Mobility is at the forefront of sustainable air travel innovation. In March, Surf Air Mobility signed an agreement with Auric Air Services Ltd. to upgrade up to 12 of their Cessna Grand Caravan aircraft with Surf Air ’s electrified powertrains, aiming to lower emissions and reduce operating costs. Auric Air, a Tanzania-based regional air operator, will be among the first to benefit from Surf Air 's technology once it is certified. This agreement marks a significant milestone for Surf Air, as it now has agreements covering approximately 13% of the Cessna Caravan market in Africa for electrified powertrain upgrades. Surf Air is currently developing Supplemental Type Certifications for both hybrid and fully-electric variants of the Cessna Grand Caravan. The company aims to achieve up to 50% reduction in direct operating costs and 100% reduction in carbon emissions for the fully-electric powertrain, which could have a profound impact on the aviation industry worldwide. This agreement with Auric Air follows similar agreements with other large Cessna Caravan operators in East Africa and Brazil. In February, Surf Air Mobility and Electra.aero Inc., a next-gen aerospace company, partnered to introduce affordable, sustainable, and easily accessible regional air travel. They plan to leverage Electra’s hybrid-electric short takeoff and landing (eSTOL) aircraft on Surf Air ’s technology-driven, on-demand air mobility platform, and through Surf Air ’s Aircraft-as-a-Service (ACaaS) offering to air operators. Surf Air Mobility Inc. (NYSE:SRFM) has secured early delivery positions for 90 Electra eSTOL aircraft, which will be integrated into the Surf Air national flight network, including Southern Airways Express and Mokulele Airlines. This initiative aligns with Surf Air ’s goal of supporting the launch, growth, and optimization of new electrified aircraft through its platform. The Electra eSTOL aircraft’s remarkable ability to take off and land in as little as 150 feet will enable direct-to-destination air transportation, expanding regional transportation to a broader customer base beyond what private aviation currently serves. Click on this link or read their corporate presentation to learn more about Surf Air Mobility Inc. (NYSE:SRFM). Footnotes: [1] https://finance.yahoo.com/news/surf-air-mobility-reports-first-200500326.html Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Surf Air Mobility Inc. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Surf Air Mobility Inc.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Surf Air Mobility Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-srfm. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Surf Air Mobility Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Surf Air Mobility Inc.’s industry; (b) market opportunity; (c) Surf Air Mobility Inc.’s business plans and strategies; (d) services that Surf Air Mobility Inc. intends to offer; (e) Surf Air Mobility Inc.’s milestone projections and targets; (f) Surf Air Mobility Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Surf Air Mobility Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Surf Air Mobility Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Surf Air Mobility Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Surf Air Mobility Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Surf Air Mobility Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Surf Air Mobility Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Surf Air Mobility Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Surf Air Mobility Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Surf Air Mobility Inc.’s business operations (e) Surf Air Mobility Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Surf Air Mobility Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Surf Air Mobility Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Surf Air Mobility Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Surf Air Mobility Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Surf Air Mobility Inc. or such entities and are not necessarily indicative of future performance of Surf Air Mobility Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

May 16, 2024 12:15 PM Eastern Daylight Time

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