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Thu, Apr 01, 2021

Lilium Ramps Up Business Profile, Talks Up 7 Seater

Lilium 7-Seater Jet Has A Projected Cruise Speed Of 175 Mph At 10,000 Feet

Lilium GmbH has entered into a business agreement with Qell Acquisition Corp. Upon closing of the transaction, the company will be called Lilium, and it is anticipated that ordinary shares will be listed on the Nasdaq under the ticker symbol LILM.

In concert with the business news, Lilium is talking up their 7 seat Lilium Jet program. The Lilium 7-Seater Jet has a projected cruise speed of 175 mph at 10,000 feet and a range of 155+ miles, including reserves. It is the culmination of five years of technology development across four generations of technology demonstrators, including Lilium’s full-scale 5-Seater.

Lilium applied for concurrent type certification for a high-capacity aircraft with EASA and the FAA in 2018. Development of the 7-Seater Lilium Jet began in 'stealth mode' following this milestone. In 2020 the 7-Seater Lilium Jet received CRI-A01 certification basis from EASA.

Lilium has developed, tested and refined their Ducted Electric Vectored Thrust (“DEVT”) technology, along with key control systems, aircraft and battery architecture. DEVT technology reportedly enables Lilium to scale to higher-capacity aircraft and keep noise emissions and ground footprint low.

FMI: www.Lilium.com/jet

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