PRESS RELEASE

On June 10, Archer debuted its first demonstrator aircraft, capable of a 60 mile range at 150mph, in a COVID-safe event and via global livestream


The milestone event tapped leading XR and gaming technologies to bring Maker's unveil to life, a first for the eVTOL industry 


Award-winning director and strategist Kenny Taht has joined the company as Chief Creative Officer, bringing over three decades of production experience to the Archer team

PALO ALTO, Calif., June 10, 2021 California-based Archer, a company designing and developing electric vertical takeoff and landing aircraft (eVTOL), debuted its Maker aircraft both live in Los Angeles and streamed to a global audience on the evening of June 10. The intimate, COVID-safe in-person event was held at the Hawthorne Hangar Operations and utilized industry leading XR technology to take audiences on a virtual ride on Maker.

In order to create a unique and completely immersive experience, Archer utilized movie production technology to bring its aircraft to life, an eVTOL industry first. The company built a 2,400 sq ft XR volume space that simulated a commercial flight and demonstrated how Archer will shape the next era of travel by transforming how people approach everyday life, work, and adventure. By creating a mass shared simulation using the film industry's most cutting edge technology, attendees were able to virtually ride Archer’s aircraft, experiencing the next transportation revolution. 

“Archer has a big, bold company vision and our approach to this milestone moment had to match that,” said Louise Bristow, who leads Marketing and Communications for Archer and assembled the creative team. “We wanted to deliver an experience that went beyond the conventions of normal product launches and to bring together a unique group of partners to create something truly immersive for our audience.”

“Maker’s unveil has been years in the making and marks a pivotal juncture for the eVTOL industry and future of transportation,” said Brett Adcock, co-founder and co-CEO of Archer. “Every day at Archer, we’re working to build the future, and we have never felt closer than we did introducing the world to Maker. 

Adam Goldstein, co-founder and co-CEO of Archer added “We’re excited to continue reaching new milestones and introducing our largest cities to the next generation of safe, sustainable travel.” 

Archer’s new Chief Creative Officer Kenny Taht, was at the helm of the event’s creative direction, drawing on over three decades of experiential design and television production to bring Maker to life. “True innovation requires inspiration, which is why the team at Archer put great emphasis on creating a groundbreaking, highly engaging moment for Maker’s unveil,” said Kenny Taht. “In order to progress UAM, continuous education is needed and, with this experience, we’ve helped introduce travelers to this new reality.” 

Maker’s unveil is the latest example of Archer’s continued momentum, setting the stage for the next phase of engineering and flight testing. With backing from the United Airlines commercial order and the recently announced merger with Atlas Crest Investment Corporation (NYSE: ACIC), the company is valued at $3.8 billion, Archer is in an excellent financial position to continue on its accelerated timeline toward commercial launch in 2024. 

To experience the industry milestone, access the full recording here. 

About Archer
Archer’s mission is to advance the benefits of sustainable air mobility. Archer is creating the world’s first electric airline that moves people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner. As the world’s only vertically integrated airline company, Archer is designing, manufacturing, and operating a fully electric vertical takeoff and landing aircraft that can carry passengers for 60 miles at speeds of up to 150 mph while producing minimal noise. Archer's team is based in Palo Alto, CA. To learn more, visit www.archer.com. 

For Media
Louise Bristow
Archer
C: 818 398 8091
louise.bristow@archer.com
archer@launchsquad.com

Urban Air Mobility leader reveals Maker, its inaugural electric aircraft, in Los Angeles

Archer Unveils eVTOL Aircraft

Urban Air Mobility leader will reveal its electric aircraft at event in Los Angeles and via livestream on June 10th at 6pm PT 

June 10th marks the debut of Archer’s inaugural, all-electric aircraft, capable of a 60 mile range at 150mph 

In addition to a COVID-19 safe event, the aircraft unveil will be simultaneously live-streamed to a global audience 

After announcing partnerships with United Airlines and Stellantis, Archer has emerged as an eVTOL powerhouse on the cusp of certification, and the only UAM leader with a commercial order for their electric aircraft

Palo Alto, CA, June 3, 2021 - California-based Archer, a company designing and developing electric vertical takeoff and landing aircraft (eVTOL), today announced plans to unveil its inaugural aircraft, Maker. The unveiling of the company’s 2-seat demonstrator aircraft marks a monumental milestone for Archer’s journey toward commercial launch. 

On June 10th, Archer will host an intimate event in Los Angeles, in accordance with local COVID-19 guidelines and restrictions, to showcase its aircraft. Due to state-mandated limitations on event size, a livestream will also be available for a global audience of viewers. 

Archer’s Urban Air Mobility (UAM) platform will move people throughout cities in a fast, safe, sustainable, and cost-effective manner. The fully electric aircraft, designed to be 100x quieter than a helicopter, will travel distances of up to 60 miles at 150 mph using technology that is available today. Archer’s aircraft will revolutionize the next era of travel and transform how people approach everyday life, work, and adventure -- all while benefiting the environment and working towards a zero-emissions future. Maker is the result of extensive development by Archer’s world-class team who collectively have over 200 years in eVTOL experience. 

“Maker’s unveil brings us one step closer to making sustainable travel more accessible and affordable for people living in the world’s biggest, most congested cities,” said Archer co-founder and co-CEO Brett Adcock. “Archer has seen a period of tremendous growth and we are proud of what our team has already accomplished. We’re excited to continue on our timeline toward a commercial launch and move urban transportation networks into the skies.” 

“At Archer, we are playing the long-game and investing in better, more sustainable transportation for generations to come,” said Archer co-founder and co-CEO Adam Goldstein. “Setting a date for our supporters to see that mission materialize is a momentous occasion, not just for our team, but for the future cities that will benefit from a green transportation alternative. We are grateful for the partners, collaboration, and trust that have led us to this point, and we’re excited for what’s to come.” 

Archer’s recently announced merger with Atlas Crest Investment Corporation (NYSE: ACIC) and commercial order from United Airlines values the company at $3.8 billion and puts Archer in prime position to integrate UAM as part of cities’ future transportation networks. 

From a logistical standpoint, Archer’s definitive OEM agreement with Stellantis, one of the biggest automotive manufacturers in the world, grants the company access to the low-cost supply chain and advanced composite material capabilities needed to produce aircraft at the scale to support the company’s future UAM platform. In order to usher in the adoption of eVTOL and promote sustainable travel, Archer has also partnered with the cities of Los Angeles and Miami to begin development on UAM networks for city travelers, with consumer flights slated for 2024. 

To view Archer’s aircraft unveil, please RSVP for the livestream via this website. 

Archer’s mission is to advance the benefits of sustainable air mobility. Archer is creating the world’s first electric airline that moves people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner. As the world’s only vertically integrated airline company, Archer is designing, manufacturing, and operating a fully electric vertical takeoff and landing aircraft that can carry passengers for 60 miles at speeds of up to 150 mph while producing minimal noise. Archer's team is based in Palo Alto, CA. To learn more, visit www.archer.com. 

Urban Air Mobility leader will reveal its electric aircraft at event in Los Angeles and via livestream on June 10th at 6pm PT

Archer Announces Global Unveiling of eVTOL Aircraft

Archer Details Independent Creation of Its Aircraft Design in Its Answer and Brings Counterclaims Against Wisk for Tortious Interference and Unfair Competition

Says Wisk’s Baseless Lawsuit and False Public Statements Designed to Deter Archer’s Success

Includes Proof of Maker Vehicle Design Before Any Former Wisk Employees Joined

PALO ALTO, CA, June 1, 2021 - Archer Aviation, Inc. (“Archer” or “the Company”), a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, today filed its Answer in the U.S. District Court for the Northern District of California. In the Answer, Archer details key information, including that it developed its “12 tilt 6” design through a leading eVTOL independent consultant before any Wisk employees ever joined Archer.

Archer also filed a Motion to Dismiss. Wisk’s case is entirely baseless. Wisk’s Complaint does not identify a single specific Wisk trade secret, let alone any evidence of misappropriation. Furthermore, there also is nothing secret about using 12 rotors on a fixed wing, tilting rotors, or a V tail. Wisk’s patent claims are equally meritless and improper; Archer does not infringe Wisk’s patents, and Wisk has no basis to allege otherwise.

In addition, Archer filed Counterclaims for tortious interference and unfair competition alleging that Wisk has made false and unsupported public statements outside of the litigation designed to harm Archer, a successful competitor.

As detailed in the Answer, Archer designed its aircraft independently, working with FlightHouse Engineering, a leading eVTOL design consultant it hired in September 2019. It was FlightHouse who first modeled the “12 tilt 6” design before any former Wisk employees joined Archer, and Archer’s Answer includes several examples of FlightHouse’s drawings and analysis in support of this fact.

The Company stated, “This lawsuit was filed by Wisk for an obvious and impermissible purpose: to impede the success of, and investment in, Archer and its state-of-the-art aircraft design. This case has nothing to do with the design of Archer’s aircraft, and everything to do with the success of Archer’s business – and the failure of Wisk’s. Wisk and its predecessors have suffered from years of disorganization and failed design, as well as employee defections, and Wisk is now improperly attempting to weaponize the legal system to achieve through bad faith litigation what it cannot accomplish through fair competition.”

Archer will hold Wisk accountable for its abuse of the legal system and its anticompetitive and tortious conduct, and will remain focused on continuing to lead the industry in designing and building the best eVTOL aircraft in the world.

To read the full text of Archer’s Answer and Counterclaims, click here. To read the full text of Archer’s Motion to Dismiss, click here.

Archer’s mission is to advance the benefits of sustainable air mobility. Archer’s goal is to move people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner. Archer is designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in Urban Air Mobility that can carry passengers for 60 miles at speeds of up to 150 mph while producing minimal noise. Archer's team is based in Palo Alto, CA.

Reevemark
Hugh Burns/Paul Caminiti/Pam Greene
(212) 433-4600
archer@reevemark.com

Archer
Louise Bristow
(818) 398 8091
louise.bristow@archer.com

Says Wisk’s Baseless Lawsuit and False Public Statements Designed to Deter Archer’s Success.
Includes Proof of Maker Vehicle Design Before Any Former Wisk Employees Joined.

Says Wisk’s Baseless Lawsuit and False Public Statements Designed to Deter Archer’s Success. Includes Proof of Maker Vehicle Design Before Any Former Wisk Employees Joined.

PALO ALTO, CA (May 21, 2021) – Archer, a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, announced today that it will present at the 14th Annual Wolfe Research Global Transportation & Industrials Conference. Members of management will present on Thursday, May 27, at 2:10 pm ET. A webcast of the event will be available at the link HERE.

Archer has previously announced a merger agreement with Atlas Crest Investment Corp. (NYSE: ACIC), a special purpose acquisition company (SPAC), that would result in Archer becoming a publicly listed company.

Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses and is sponsored by an affiliate of Moelis & Company, a leading global financial advisor to corporate executives, boards, entrepreneurs, financial sponsors and governments. The management team is led by Ken Moelis, Chairman, and Michael Spellacy, Chief Executive Officer, both of whom have had careers centered around identifying, evaluating and implementing organic and inorganic transformational growth and value creation initiatives across a broad range of industries. Atlas Crest priced its $500 million initial public offering on October 27, 2020.

Archer’s mission is to advance the benefits of sustainable air mobility. Archer’s goal is to move people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner. Archer is designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in Urban Air Mobility that can carry passengers for 60 miles at speeds of up to 150 mph while producing minimal noise. Archer's team is based in Palo Alto, CA. To learn more, visit www.archer.com 

Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events, the Business Combination between Atlas Crest Investment Corp. (“Atlas Crest”) and Archer Aviation Inc. (“Archer”), the estimated or anticipated future results and benefits of the combined company following the Business Combination, including the likelihood and ability of the parties to successfully consummate the Business Combination, future opportunities for the combined company, and other statements that are not historical facts. These statements are based on the current expectations of Atlas Crest’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Atlas Crest and Archer. These statements are subject to a number of risks and uncertainties regarding Atlas Crest’s businesses and the Business Combination, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the early stage nature of Archer’s business and its past and projected future losses; Archer’s ability to manufacture and deliver aircraft and its impact on the risk of investment; Archer’s dependence on United Airlines for its current aircraft orders and development process, and the risk that United Airlines cancels its contracts with Archer; risks relating to the uncertainty of the projections included in the model; the effectiveness of Archer’s marketing and growth strategies, including its ability to effectively market air transportation as a substitute for conventional methods of transportation; Archer’s ability to compete in the competitive urban air mobility and eVTOL industries; Archer’s ability to obtain expected or required certifications, licenses, approvals, and authorizations from transportation authorities; Archer’s ability to achieve its business milestones and launch products on anticipated timelines; Archer’s dependence on suppliers and service partners for the parts and components in its aircraft; Archer’s ability to develop commercial-scale manufacturing capabilities; regulatory requirements and other obstacles outside of Archer’s control that slow market adoption of electric aircraft, such as Archer’s inability to obtain and maintain adequate facilities and Vertiport infrastructure; Archer’s ability to hire, train and retain qualified personnel; risks related to Archer’s Aerial Ride Sharing Business operating in densely populated metropolitan areas and heavily regulated airports; adverse publicity from accidents involving aircraft, helicopters or lithium-ion battery cells; the impact of labor and union activities on Archer’s work force; losses resulting from indexed price escalation clauses in purchase orders and cost overruns; regulatory risks related to evolving laws and regulations in Archer’s industries; the impact of the COVID-19 pandemic on Archer’s business and the global economy; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the stockholders of Atlas Crest or Archer is not obtained; a decline in Archer’s securities following the business combination if it fails to meet the expectations of investors or securities analysts; Archer’s inability to protect its intellectual property rights from unauthorized use by third parties; Archer’s need for and the availability of additional capital; cybersecurity risks; the dual class structure of Archer’s common stock, which will limit other investors’ ability to influence corporate matters; the amount of redemption requests made by Atlas Crest’s public stockholders; the ability of Atlas Crest or the combined company to issue equity or equity-linked securities in connection with the proposed business combination or in the future, and those factors discussed in Atlas Crest’s final prospectus filed on October 29, 2020, and Annual Report on Form 10-K as of and for the year ended December 31, 2020, in each case, under the heading “Risk Factors,” and other documents of Atlas Crest filed, or to be filed, with the U.S. Securities and Exchange Commission (“SEC”). If any of these risks materialize or if assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Atlas Crest nor Archer presently know or that Atlas Crest and Archer currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Atlas Crest’s and Archer’s expectations, plans or forecasts of future events and views as of the date of this communication. Atlas Crest and Archer anticipate that subsequent events and developments will cause Atlas Crest’s and Archer’s assessments to change. However, while Atlas Crest and Archer may elect to update these forward-looking statements at some point in the future, Atlas Crest and Archer specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Atlas Crest’s or Archer’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

This communication may be deemed solicitation material in respect of the proposed business combination between Atlas Crest and Archer (the “Business Combination”). This communication does not constitute a solicitation of any vote or approval. In connection with the proposed Business Combination, Atlas Crest has filed on March 8, 2021 a Registration Statement on Form S-4 (the “Registration Statement”) with the SEC, which includes a preliminary prospectus and preliminary proxy statement. Atlas Crest may also file other documents with the SEC regarding the Business Combination. Atlas Crest will mail a definitive proxy statement/final prospectus and other relevant documents to its shareholders. This communication is not a substitute for the Registration Statement, the definitive proxy statement/final prospectus or any other document that Atlas Crest will send to its shareholders in connection with the Business Combination. Investors and security holders of Atlas Crest are advised to read, when available, the proxy statement/prospectus in connection with Atlas Crest’s solicitation of proxies for its extraordinary general meeting of shareholders to be held to approve the Business Combination (and related matters) because the proxy statement/prospectus will contain important information about the Business Combination and the parties to the Business Combination. The definitive proxy statement/final prospectus will be mailed to shareholders of Atlas Crest as of a record date to be established for voting on the Business Combination. Shareholders will also be able to obtain copies of the proxy statement/prospectus, without charge, once available, at the SEC’s website at www.sec.gov or by directing a request to: 399 Park Avenue New York, New York 10022.

Atlas Crest, Archer and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Atlas Crest’s shareholders in connection with the Business Combination. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of Atlas Crests’ directors and officers in Atlas Crest’s filings with the SEC, including the Registration Statement to be filed with the SEC by Atlas Crest, which will include the proxy statement of Atlas Crest for the Business Combination, and such information and names of Archer’s directors and executive officers will also be in the Registration Statement to be filed with the SEC by Atlas Crest, which will include the proxy statement of Atlas Crest for the Business Combination.

This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

Louise Bristow
 Archer
 louise.bristow@archer.com
 archer@launchsquad.com

Andrea Hurst
 Moelis & Company
 andrea.hurst@moelis.com

Archer announced today that it will present at the 14th Annual Wolfe Research Global Transportation & Industrials Conference.

Archer to Present at the Wolfe Research Global Transportation & Industrials Conference

Archer has also signed an aircraft purchase agreement and collaboration agreement with United Airlines as part of the company’s commitment to decarbonization.

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