AERWINS TECHNOLOGIES (AWIN) Stock News, Mar 17, 2023

AERWINS Technologies (NASDAQ: AWIN) announced successful flight demonstrations of its XTURISMO Limited Edition Hoverbike in the UAE, conducted from March 8 to 13, 2023. In partnership with Vault Investments and Bayanat, the demonstrations were aimed at showcasing the hoverbike's capabilities for government applications, including border security and emergency services. AERWINS plans to establish a joint venture for local manufacturing and sales, expanding its presence in the UAE market. CEO Shuhei Komatsu emphasized the importance of these efforts for full-scale implementation of air mobility systems.