Lilium

Lilium releases Q2 2023 Shareholder Letter

Retrieved on: 
Tuesday, July 25, 2023

MUNICH, Germany, July 25, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Q2 2023 Shareholder Letter.

Key Points: 
  • MUNICH, Germany, July 25, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Q2 2023 Shareholder Letter.
  • The Shareholder Letter, which discusses Lilium’s progress towards important milestones in the development of its revolutionary Lilium Jet, can be accessed on the Lilium investor relations website .
  • Arranged upsized $192 million capital raise supported by leading German technology investors enabling Lilium to continue the development of its Lilium Jet at full pace.
  • Received FAA G-1 certification basis for the Lilium Jet, making Lilium the only eVTOL manufacturer with an EASA and FAA certification basis for a powered lift eVTOL aircraft.

Lily AI Named a 2023 CommerceTech Rising Star Winner by Bain & Company, Bain Capital Ventures, and Coresight Research

Retrieved on: 
Wednesday, July 19, 2023

MOUNTAIN VIEW, Calif., July 19, 2023 (GLOBE NEWSWIRE) -- Lily AI ("Lily" or the "Company"), a retail AI platform specializing in computer vision, natural language processing and machine learning for retailers and brands, has been named to the 2023 CommerceTech Power List as a Rising Star.

Key Points: 
  • MOUNTAIN VIEW, Calif., July 19, 2023 (GLOBE NEWSWIRE) -- Lily AI ("Lily" or the "Company"), a retail AI platform specializing in computer vision, natural language processing and machine learning for retailers and brands, has been named to the 2023 CommerceTech Power List as a Rising Star.
  • The inaugural Power List award was created by Bain & Company, Bain Capital Ventures, and Coresight Research to recognize today’s most innovative commerce and marketing-tech venture-backed companies and start building a community for both current and future leaders.
  • Selection committee members included executives from Stitch Fix, Ulta Beauty, M.M.LaFleur, Tapestry, PacSun, and FootLocker.
  • "We are honored to be recognized by this distinguished collective of industry thought leaders in their inaugural CommerceTech Power List,” said Purva Gupta, Co-founder and Chief Executive Officer.

Lilium Successfully Arranges $192 M Capital Raise Supported by Leading German Technology Investors

Retrieved on: 
Tuesday, July 18, 2023

Participants in the upsized round included leading German technology investors Earlybird Venture Capital, BIT Capital, UVC Partners and Frank Thelen, multiple institutional investors led by B. Riley Securities and e-mobility investor E-vestment B.V. Several Lilium Board members and senior executives also participated.

Key Points: 
  • Participants in the upsized round included leading German technology investors Earlybird Venture Capital, BIT Capital, UVC Partners and Frank Thelen, multiple institutional investors led by B. Riley Securities and e-mobility investor E-vestment B.V. Several Lilium Board members and senior executives also participated.
  • This capital raise represents a significant step in securing Lilium Jet’s full funding for commercial launch.
  • Thereafter, Lilium expects to receive substantial pre-delivery payments (PDPs) that will fund a significant portion of its future capital requirements, including manufacturing of its type-conforming aircraft.
  • Lilium CEO Klaus Roewe stated, “Our continued mission is to support the decarbonisation of the aviation industry with our revolutionary Lilium Jet.

Lilium Announces Pricing of Upsized $192 Million Financing

Retrieved on: 
Friday, July 14, 2023

In connection with the underwritten public offering, the price of the 57,692,308 Shares being sold to the public is $1.30 per share.

Key Points: 
  • In connection with the underwritten public offering, the price of the 57,692,308 Shares being sold to the public is $1.30 per share.
  • The Company has granted to the underwriter an option to purchase up to 8,653,846 additional Shares for the next 30 days, solely to cover over-allotments.
  • The Shares in the underwritten public offering are being offered pursuant to a shelf registration statement on Form F-3 (File No.
  • 333-267719) previously filed with the U.S. Securities and Exchange Commission (the “SEC”), which the SEC declared effective on October 12, 2022.

Nextgen Food Robotics Integrates Large Language Model (LLM) through GPT-3.5 into AI Food Ordering App, Lily

Retrieved on: 
Monday, July 10, 2023

This integration marks an important step as the company prepares to bring the innovative Lily app to market.

Key Points: 
  • This integration marks an important step as the company prepares to bring the innovative Lily app to market.
  • The Large Language Model (LLM) is a sophisticated natural language processing system that utilizes GPT-4.0, an advanced artificial intelligence algorithm, to understand and generate human-like text.
  • "The integration of the Large Language Model (LLM) through GPT-4.0 into our AI food ordering app, Lily, is a crucial milestone in our product development journey," said Paul Rivas "We are excited to bring this innovative app to market, offering users an enhanced and personalized food ordering experience.
  • For more information about Nextgen and its AI food ordering app, Lily, please visit www.nextgenai.ca .

Lilium completes final audit in major step towards achieving EASA Design Organization Approval

Retrieved on: 
Thursday, July 6, 2023

In particular DOA holders can a) have compliance documents accepted by EASA without further verification and b) perform activities independently from EASA.

Key Points: 
  • In particular DOA holders can a) have compliance documents accepted by EASA without further verification and b) perform activities independently from EASA.
  • In collaboration with EASA, Lilium is pursuing a DOA specifically tailored for eVTOL and electric propulsion certification.
  • Successfully completing the fourth and final DOA Audit pays tribute to the calibre of our team and the rigour of our design processes,” said Alastair McIntosh, Lilium Chief Technology Officer.
  • In parallel with the ongoing DOA process, Lilium continues to make substantial progress towards type certification of its Lilium Jet.

Endeavour Announces the Sale of Its Non-Core Boungou and Wahgnion Mines

Retrieved on: 
Friday, June 30, 2023

Sébastien de Montessus, President and CEO, commented: “In line with our strategy of actively managing our portfolio to focus management efforts on higher quality assets, we are pleased to announce the sale of our non-core Boungou and Wahgnion mines to Lilium Mining.

Key Points: 
  • Sébastien de Montessus, President and CEO, commented: “In line with our strategy of actively managing our portfolio to focus management efforts on higher quality assets, we are pleased to announce the sale of our non-core Boungou and Wahgnion mines to Lilium Mining.
  • We believe that Lilium Mining is well positioned to continue to unlock value at the Boungou and Wahgnion mines, for the benefit of all stakeholders.
  • Moreover, Lilium is a trusted Burkinabe-focused business that shares our commitment to operate the mines in the best interests of employees and local stakeholders.
  • Based on the economic terms of the transaction, Endeavour will perform its purchase price adjustments with effect from 1 May 2023.

Run Rabbit Run isn’t excessively bad – just earnest, heavy-handed and predictable

Retrieved on: 
Tuesday, June 27, 2023

Horror films once managed to seamlessly integrate cultural commentary into their visceral effect.

Key Points: 
  • Horror films once managed to seamlessly integrate cultural commentary into their visceral effect.
  • Run Rabbit Run, following a mother and daughter as the past comes back to haunt them, is the latest Australian film to jump on the bandwagon of the new wave of horror.
  • The psychological terrain of the guilty mother is typical narrative fare, but, unlike Jennifer Kent’s brilliant The Babadook (2014), Run Rabbit Run doesn’t take any of this in surprising or invigorating directions.

No escape

    • Fertility doctor Sarah (Sarah Snook) and her young daughter Mia (Lily LaTorre) live alone.
    • The more the daughter reaches out to her mum in the hope of understanding her family, the more dysfunctional their relationship becomes.
    • In trite fashion, the film’s closing moments show for Sarah, no matter how fast she runs, there’s no escaping her past.

Predictable cues and gothic cliches

    • It follows some of the predictable visual cues of horror in the Instagram-era: muted, washed-out colours; a score favouring drone sounds; a plethora of slow-moving tracking shots and spooky silhouettes.
    • The narrative is replete with gothic cliches.
    • Read more:
      Films made for Netflix look more like TV shows — here's the technical reason why

A visceral medium

    • It seems to approach its – let’s face it, totally ludicrous – ghost story with the seriousness of a Bergman film.
    • Film is a visceral medium; horror film more than most.
    • The heavy-handed tone of Run Rabbit Run exhausts it of visceral impact.
    • The “trauma” in Run Rabbit Run – while significant for the characters – doesn’t connect to any more meaningful cultural or historical moment.

FAA Issues G-1 for Lilium Jet, making Lilium only eVTOL manufacturer with EASA and FAA certification basis for a powered lift eVTOL aircraft

Retrieved on: 
Monday, June 26, 2023

In 2020, Lilium’s primary airworthiness authority, the European Union Aviation Safety Agency (EASA), issued its certification basis for the Lilium Jet.

Key Points: 
  • In 2020, Lilium’s primary airworthiness authority, the European Union Aviation Safety Agency (EASA), issued its certification basis for the Lilium Jet.
  • To enable global operations, Lilium is pursuing concurrent certification of the Lilium Jet through validation by the FAA under the provisions of the Bilateral Aviation Safety Agreement between the EU and U.S. Lilium is one of a few eVTOL companies seeking dual certification in the EU and the U.S. and the only pioneer holding both an EASA and FAA certification basis for a powered lift eVTOL aircraft.
  • “We are the first powered lift eVTOL pioneer in our industry holding a Certification Basis from EASA and the FAA,” said Alastair McIntosh, Lilium Chief Technology Officer.
  • As per FAA practice, there will now be a collaborative process where Lilium and EASA provide feedback to the FAA before the G-1 is issued for public consultation.

Lilium and UrbanV to collaborate on vertiports in Italy, the French Riviera and beyond

Retrieved on: 
Tuesday, June 20, 2023

MUNICH, Germany, June 20, 2023 (GLOBE NEWSWIRE) -- Electric mobility is taking shape in Italy and the French Riviera.

Key Points: 
  • MUNICH, Germany, June 20, 2023 (GLOBE NEWSWIRE) -- Electric mobility is taking shape in Italy and the French Riviera.
  • The companies’ partnership to develop vertiport infrastructure will enable eVTOL networks for Lilium aircraft and customers with an initial focus on Italy and the French Riviera, where UrbanV will launch its operations, with potential for further markets in the future.
  • UrbanV brings efficient and sustainable advanced air mobility to urban centers with its extensive design and infrastructure expertise for the development of vertiports.
  • Lilium will benefit from their strong foothold and key airport access in Rome, Venice, Bologna, Nice, Cannes, St. Tropez, and surrounding areas.