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AERWINS Technologies Inc. (NASDAQ: AWIN) is at the forefront of the air mobility revolution, designing and developing both manned and unmanned crafts for low altitude airspace. The company's mission is to create a society where vehicles, specialized crafts, and drones can freely navigate the skies. AERWINS aligns its innovations with the stringent requirements of the Federal Aviation Administration's (FAA) Powered Ultra-Light Air Vehicle Category, setting new standards for safe low-altitude manned flight.
One of the company's most groundbreaking achievements is the development of the XTURISMO™, a hovercraft that merges the practicality of electric cars with the excitement of airborne travel. This vehicle is set to launch later this year, following approvals from the Japan Civil Aviation Bureau (JCAB). The XTURISMO™ has already garnered initial orders, with deliveries scheduled to start in Q3 2023. The company's patent-protected design is a versatile solution that can integrate with many electric vehicles (EVs) to transform them into flying cars.
Recent developments include the establishment of a U.S. subsidiary in Los Angeles, California, aimed at redesigning the XTURISMO™ to meet U.S. and European market standards. This redesign will feature an alternative powerplant, enhanced safety features, and upgraded onboard electronic systems. Led by the company's Executive Chairman and President, Kiran Sidhu, this initiative seeks FAA certification to expand its market reach.
AERWINS has received one Japanese patent and four Patent Cooperation Treaty patents for its unique technology and design, recognizing its contributions to the air mobility industry. The XTURISMO™ hovercraft has also won the prestigious Edison Award for Best New Product in Air Mobility in 2023, highlighting its innovative approach and market potential.
The company plans to commercialize its technologies by pursuing licensing agreements with top electric automotive manufacturers in North America, Europe, and Asia. This strategy aims to meet the increasing demand for innovative air mobility solutions. Additionally, AERWINS is targeting various industries, including Military, Security, Search and Rescue, Recreation, and Tourism, with its versatile XTURISMO™ hovercraft.
For more information about AERWINS Technologies Inc. and its innovative products, visit their official website.
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