Business
AMSL Aero's all-electric aircraft maiden flight
AMSL Aero's all-electric aircraft maiden flight.
About this update from Ip Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n FOR RELEASE ON\n \n \n \n \n \n 21 February 2023\n \n \n \n \n \n \n \n \n \n \n IP Group plc - Australian portfolio company AMSL Aero's all-electric aircraft takes maiden flight\n \n \n \n \n \n \n \n \n IP Group plc (LSE: IPO) (\"IP Group\" or \"the Group\"),\n which develops world-changing science and technology businesses, is pleased to note that Australian portfolio company AMSL Aero\n has announced that Vertiia has successfully completed its maiden test flight. This is the first ever flight by an Australian-designed and built eVTOL, which is the new generation of aircraft that take off and land like a helicopter but fly like a plane.\n \n \n \n \n \n Vertiia completed its tethered hover by remote control in the Central West region of New South Wales in strict accordance with Civil Aviation Safety Authority (CASA) regulations.\n \n \n \n \n \n The flight marks a vital milestone for Vertiia, which has zero carbon emissions and will carry four passengers and a pilot at a cruising speed of 300kph. Vertiia will be able to fly up to 1,000km, three times the range of any eVTOL. AMSL Aero expects to commence deliveries of the Vertiia in 2026 to customers in the aeromedical, cargo, emergency, and regional air mobility sectors.\n \n \n \n \n \n IP Group Australia has an undiluted holding of 35.2% in AMSL Aero.\n \n \n \n \n \n The full release follows below.\n \n \n \n \n \n \n \n \n For more information, please contact:\n \n \n \n \n \n \n \n \n \n \n \n IP Group plc\n \n \n \n \n \n \n \n www.ipgroupplc.com\n \n \n \n \n \n \n \n \n Liz Vaughan-Adams, Communications \n \n \n \n \n +44 (0) 20 7444 0062/+44 (0) 7967 312125\n \n \n \n \n \n \n \n Portland\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vic Wallin\n \n \n \n \n +44 (0)\n 7973 823 119 \n \n \n \n \n \n \n Alex Donaldson\n \n \n \n \n +44 (0)\n 7516 729 702\n \n \n \n \n \n \n \n \n \n \n \n \n Notes for editors\n \n \n \n \n \n \n \n \n \n About IP Group\n \n \n \n \n \n \n IP Group develops world-changing science and technology businesses across life sciences, technology and cleantech (through Kiko Ventures). The Group has a strong track record of success, having been the founder investor in a number of high-profile companies including Oxford Nanopore Technologies...