Ampaire Acquires Magpie Aviation
Ampaire Inc., a global leader in hybrid electrical aircraft systems, today announced the acquisition of Magpie Aviation Inc., a developer of innovative electrical aviation technologies.
With this transaction, Ampaire continues its flying path toward profitable increase as it builds its strategic portfolio of engineering science as well as client contracts. The addition of Magpie's technology will enable Ampaire to keep leading the charge inwards the electrification of aviation together with offer unique solutions to its customers. The acquisition volition as well broaden Ampaire'second IP too contract portfolio through Magpie'second multiple pending patents too government contracts.
With the acquisition of Magpie, Ampaire continues to multiply applications for its pioneering hybrid electric propulsion systems, which can live integrated into general aviation as well as regional turboprop commercial aircraft. Ampaire's systems take flown over 25,000 miles to engagement, the virtually hybrid electric flight time inward the industry. The acquisition volition too broaden Ampaire'sec intellectual holding as well as contract portfolio through Magpie'second multiple pending patents as well as regime contracts.
Based in Silicon Valley, Magpie has been developing technologies to ameliorate the operation in addition to broaden the bear on of electrified aircraft. In 2023, the company demonstrated the world'second commencement automated towing connections between two flight aircraft. Magpie has secured strategically of import government contracts, including alongside the U.southward. Air Force, which Ampaire will go along.
SOURCE Ampaire, Inc.
With this transaction, Ampaire continues its flying path toward profitable increase as it builds its strategic portfolio of engineering science as well as client contracts. The addition of Magpie's technology will enable Ampaire to keep leading the charge inwards the electrification of aviation together with offer unique solutions to its customers. The acquisition volition as well broaden Ampaire'second IP too contract portfolio through Magpie'second multiple pending patents too government contracts.
"With this acquisition, Ampaire anticipates further revenue increase across both commercial together with defence sectors while simultaneously enhancing the capabilities too mission range of our existing hybrid aircraft," said Kevin Noertker, CEO of Ampaire. "Building upon our recent acquisition of Talyn Air, the improver of Magpie exemplifies our deliberate approach to integrating pivotal companies as well as assets on our path to accelerate our leadership in electrified aviation. Expect more than compelling advancements throughout the yr as Ampaire remains steadfast in our commitment to advancing our increment strategy."
With the acquisition of Magpie, Ampaire continues to multiply applications for its pioneering hybrid electric propulsion systems, which can live integrated into general aviation as well as regional turboprop commercial aircraft. Ampaire's systems take flown over 25,000 miles to engagement, the virtually hybrid electric flight time inward the industry. The acquisition volition too broaden Ampaire'sec intellectual holding as well as contract portfolio through Magpie'second multiple pending patents as well as regime contracts.
"We founded Magpie because we believe electrified aircraft have a pivotal office to play inwards the future of aviation," added Damon Vander Lind, CEO of Magpie. "I am thrilled to encounter this vision continuing to move frontward under Ampaire'sec banner. Not entirely does this lift the prospects of civilian electrical aircraft and meaningful emission reductions in the time to come, it also helps Ampaire to serve armed services customers amongst their needs, correct like a shot."
Based in Silicon Valley, Magpie has been developing technologies to ameliorate the operation in addition to broaden the bear on of electrified aircraft. In 2023, the company demonstrated the world'second commencement automated towing connections between two flight aircraft. Magpie has secured strategically of import government contracts, including alongside the U.southward. Air Force, which Ampaire will go along.
SOURCE Ampaire, Inc.
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