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Tive and BlueBox Systems join forces to create new standards in tracking air freight shipments

Freight News
Leading in-transit visibility provider Tive and BlueBox Systems, a leading platform for monitoring airfreight in real time, announced a strategic partnership today aimed at reducing shipping delays and damage across Global air freight routes.

Tive's real-time visibility solution provides shippers, 3PLs, 4PLs and logistics services providers with real-time, hyper-accurate location and condition of their shipments. Data from Tive's multi-sensor 5G Solo trackers streams to Tive's platform - or can be integrated with a host of TMS and visibility platforms via API and webhooks, making this partnership a seamless choice for joint customers.

"The next generation of in-transit visibility is adding more ways to deliver meaningful data in real-time, so logistics professionals can actively manage shipments and eliminate delays and damage, Hyper-accurate location and condition are a cornerstone - and together with BlueBox we are creating a new industry standard in saving air freight loads."

- Krenar Komoni, Founder and CEO, Tive.

"For us, Tive is one of the most important drivers in the digitalization of logistics, With their monitoring and tracking solutions, they already offer the market a portfolio of both innovative and future-oriented solutions. So, it is logical for us to enter a partnership with Tive and jointly develop value for our customers."

- Martin Schulze, CEO, BlueBox Systems.

About Tive
Tive is a leading provider of real-time supply chain visibility insights that help logistics professionals actively manage their in-transit shipments' location and condition. With Tive, shippers and logistics service providers (LSPs) eliminate preventable delays, damage, and shipment failures. Tive's solution provides data generated by its industry-leading trackers allowing clients to actively optimize their shipments, improve their customers' experience, and unlock supply chain insights in an actionable real-time manner.

About BlueBox Systems
BlueBox Systems makes it possible to monitor airfreight in real time. What was previously a black box, now becomes transparent. The individual stops of air freight while in transit to its destination can be tracked in real time. The shipper knows where the shipment is and can provide information about the estimated time of delivery at any time. Recipients can take care of further scheduling in advance, avoiding costly delays and damage.

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Aviation Technology

Wheels Up Finalizes New Investment with Delta, Certares, Knighthead and Cox

Wheels Up | September 26, 2023

Wheels Up Experience (NYSE: UP) today announced that it has closed the previously announced investment by Delta Air Lines, Certares Management LLC, Knighthead Capital Management LLC and Cox Enterprises. The new investment structure combines the experience of Delta, the No. 1 premium airline, with the travel and tourism focus of Certares and turnaround and restructuring experience of Knighthead. It includes an agreement for a $500 million credit facility to Wheels Up, with funds contributed by Delta and CK Wheels LLC, which is co-managed by affiliates of Certares and Knighthead, and Cox. The announcement follows last week's selection of George Mattson as the company's new CEO. "This investment represents both an important source of capital for Wheels Up to support our strategy for financial stability, future profitability and long-term growth on behalf of our members and customers, as well as a vote of confidence in our path forward from a group of investors with deep experience in the premium travel space," Mattson said. "We look forward to working closely with Delta and our other investors to deliver best-in-class operating performance and an exceptional customer experience which, as we deepen our commercial partnership, will also enable us to provide a one-of-a-kind seamless connection between private and premium commercial travel." "Wheels Up is an integral part of Delta's portfolio of premium partners, and this deep relationship offers a significant opportunity to deliver compelling benefits to our customers that are unique in the travel space," said Dan Janki, Wheels Up Chairman and Delta's Chief Financial Officer. "This investment and new leadership puts Wheels Up on a strong path to future success." The credit facility is comprised of a $350 million term loan funded at closing from Delta, CK Wheels LLC and Cox and a $100 million revolving credit facility from Delta. The terms of the credit agreement permit a new lender to provide a $50 million term loan after the closing date, as approved by Delta, Certares, Knighthead and Cox, and it is anticipated this additional funding will close in the near term. In connection with the closing of the credit facility, the lenders will initially receive newly issued Wheels Up common stock representing 80% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. After approval by Wheels Up's stockholders of an amendment to its certificate of incorporation, the company will issue to the lenders additional new shares such that the lenders will own 95% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. Wheels Up also announced a new structure for its Board of Directors. Under the new structure, Delta Air Lines will appoint four directors, Certares and Knighthead each will appoint two directors, and Cox will appoint one director. In addition, one company executive will join the Board and two independent directors are expected to remain from the previous Board. The parties were assisted in the transaction by a number of strategic advisors, including: Davis Polk, Jefferies LLC, Kirkland & Ellis and PJT Partners. About Wheels Up Wheels Up is a leading provider of on-demand private aviation in the U.S. and one of the largest private aviation companies in the world. Wheels Up offers a complete global aviation solution with a large, modern, and diverse fleet, backed by an uncompromising commitment to safety and service. Customers can access membership programs, charter, aircraft management services and whole aircraft sales, as well as unique commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also offers freight, safety and security solutions and managed services to individuals, industry, government, and civil organizations. Wheels Up is guided by the mission to connect private flyers to aircraft, and one another, through an open platform that seamlessly enables life's most important experiences. Powered by a global private aviation marketplace connecting its base of approximately 12,000 members and customers to a network of approximately 1,500 safety-vetted and verified private aircraft, Wheels Up is widening the aperture of private travel for millions of consumers globally. With the Wheels Up mobile app and website, members and customers have the digital convenience to search, book and fly.

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Aviation Technology

Joby Subsidiary H2FLY Completes World’s First Piloted Flight of Liquid Hydrogen Powered Electric Aircraft

Business Wire | September 14, 2023

H2FLY, a wholly-owned subsidiary of Joby Aviation, today announced the successful completion of the world’s first piloted flight of a liquid hydrogen-powered electric aircraft. H2FLY, acquired by Joby in 2021, continues to lead the industry on the development and testing of hydrogen aviation propulsion systems. The company completed a series of piloted flights with its HY4 demonstrator aircraft, including one that lasted more than three hours, fitted with a hydrogen-electric fuel cell propulsion system and liquid hydrogen that powered it for the entire flight. The flights demonstrate the viability of using cryogenically-stored liquid hydrogen instead of gaseous hydrogen, which enables significantly lower tank weights and volume, leading to longer range. The successful installation and demonstration of flight with liquid hydrogen is believed to increase the range of H2FLY’s HY4 demonstrator aircraft from 466 mi (750 km) to 932 mi (1500 km), marking a critical step towards the long-term decarbonization of mid- to long-range aviation. “H2FLY are pioneers in their field, and we’re proud of them achieving this watershed moment in the use of liquid hydrogen to power aircraft,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “In the years to come, battery-electric and hydrogen-electric propulsion systems will enable us to build aircraft that are quieter and make mid- to long-range air travel possible with zero emissions. It’s critical we take action now and invest aggressively in these technologies for the health of our planet and future generations to come.” The successful flights are the culmination of Project HEAVEN, a European-government-supported consortium assembled to demonstrate the feasibility of using liquid hydrogen in aircraft. The consortium is led by H2FLY and includes the partners Air Liquide, Pipistrel Vertical Solutions, the German Aerospace Center (DLR), EKPO Fuel Cell Technologies, and Fundación Ayesa. Following this test flight milestone, H2FLY will increasingly focus on its path to commercialization. In June, H2FLY announced the development of its new fuel cell systems, which will be capable of providing their full power range at altitudes high enough to enable commercial hydrogen-electric aircraft, demonstrating real-world commercial aircraft applications. About Joby Joby Aviation, Inc. is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world.

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Aviation Technology

BETA Technologies picks Garmin for its all-electric aircraft

Aerospace Manufacturing and Design | October 10, 2023

Garmin has a long-term agreement to provide the state-of-the-art Garmin G3000 integrated flight deck to BETA Technologies for its CX300 electric fixed-wing aircraft and A250 electric vertical takeoff and landing (eVTOL) aircraft. The conventional fixed wing CX300 aircraft and A250 eVTOL aircraft are designed to enable a diverse range of missions and operations including short-haul transport operations for military, cargo, medical, and passenger applications – all with zero emissions and lower operational costs. BETA intends to enter into service as early as 2025 with its ALIA CTOL (CX300), and as early as 2026 with its ALIA VTOL (A250). "We've been strategically working with BETA for several years in their effort towards bringing a sustainable aviation solution to the market. It's an honor to have our integrated flight deck chosen for the revolutionary A250 and CX300 aircraft and we are thrilled to be part of BETA's mission to grow the electric aviation market," said Phil Straub, Garmin executive vice president & managing director, Aviation. Garmin's integrated flight deck boasts vibrant high-resolution flights displays and the latest communication, navigation, surveillance air traffic management (CNS/ATM) based on a lightweight and highly flexible open system architecture design enabling a seamless integration with BETA's flight control, propulsion, and battery management systems. Garmin's flexible architecture and agile development process enables BETA to leverage the latest in flight deck technologies while seamlessly integrating BETA's innovative fly-by-wire system and human machine interface designs for electric propulsion and novel operations in an eVTOL aircraft. "Garmin is widely recognized as the leader in avionics, we're excited to be able to bring this familiar and time-tested experience to our customers. It's gratifying to have the support of this legacy aerospace company as we look to bring our electric aircraft to market. They've been a true strategic collaborator as we work together to develop the next era of sustainable aviation," said Kyle Clark, BETA founder and CEO. Garmin International Inc. is a subsidiary of Garmin Ltd. which is incorporated in Switzerland. Its principal subsidiaries are in the United States, Taiwan, and the United Kingdom. Garmin and G3000 are registered trademarks of Garmin Ltd. or its subsidiaries.

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Aerospace

SpiderOak Announces Successful Demonstration of OrbitSecure on International Space Station

PR News Wire | September 01, 2023

SpiderOak, a leader in zero-trust cybersecurity and resiliency software for space systems, today announced the successful deployment and demonstration of its OrbitSecure technology aboard the International Space Station . This milestone, achieved using Amazon Web Services' (AWS) Snowcone edge computing device provided by Axiom Space, completes the next critical step in SpiderOak's plan to demonstrate increasingly complex orbital flight demonstrations. On July 31, 2023 in cooperation with Axiom Space and AWS, SpiderOak's OrbitSecure software was uploaded to the space station. The system successfully demonstrated sending and receiving secure ops traffic between ground and low-Earth orbit. Communication to the space station was handled via the Tracking and Data Relay System (TDRS). This successful demonstration positions SpiderOak as a critical enabler for the burgeoning new space economy, which heavily relies on the secure transfer of data and mixed workloads across hybrid platforms in space. For the first time, SpiderOak has validated the potential of containerized workloads in a space environment, demonstrating a secure, software-defined model applicable to the unique challenges of space operations. "The future of space is undeniably software-defined," said John Moberly, SpiderOak's Senior Vice President for Space. "Our successful demonstration shows that it's not just possible, but effective and secure, to run containerized workloads in modern orchestrated environments with secure data channels from orbit to ground and vice versa." This breakthrough opens immense potential to secure even the newest data intensive operations in space, including in-space manufacturing, scientific research, and commercial human spaceflight. Moreover, it lays the groundwork for creating orbital data centers. As data centers extend into space, the need to secure communications, not only from the station to the ground but also within the data center itself, increases. SpiderOak's demonstration builds upon the company's foundational work with Ball Aerospace, addressing these necessities and cementing SpiderOak's position as a leader in securing mixed workloads across heterogeneous platforms. "SpiderOak's innovative efforts contribute to reshaping the way we approach space networking," said Jason Aspiotis, Axiom Space Director of In-Space Infrastructure & Logistics. "The team's successful demonstration of OrbitSecure technology is a significant step toward building secure, dynamic, and scalable space communications and data processing infrastructures." SpiderOak's successful demonstration also highlights the vast potential for government and commercial workloads, with secure orchestration for containerized tasks in space. As constellations grow and interconnect, new hardware can seamlessly join the mission, with older systems easily uploaded and integrated into new tasks. "This represents a pivotal advancement toward a future where national security is maintained beyond the confines of our terrestrial defenses, reinforcing information assurance in an increasingly digitized and interconnected universe," said Charles Beames, Executive Chairman of SpiderOak. "We are paving the way to secure all space operations -- military, commercial and civil spaceflight – and scale at the speed of need through remote software deployment. More significantly, new commercial systems can combine with emerging U.S. Space Force platforms to make measurable improvements to secure our national defense." About SpiderOak SpiderOak is a 100% U.S.-owned and operated software company that delivers end-to-end cybersecurity and resiliency solutions for civil, military, and commercial space operations. Our commercially available products are built upon a foundation of zero-trust encryption and distributed ledger, ensuring the confidentiality, integrity, and availability of your most sensitive data in the space domain.

Read More

Aviation Technology

Wheels Up Finalizes New Investment with Delta, Certares, Knighthead and Cox

Wheels Up | September 26, 2023

Wheels Up Experience (NYSE: UP) today announced that it has closed the previously announced investment by Delta Air Lines, Certares Management LLC, Knighthead Capital Management LLC and Cox Enterprises. The new investment structure combines the experience of Delta, the No. 1 premium airline, with the travel and tourism focus of Certares and turnaround and restructuring experience of Knighthead. It includes an agreement for a $500 million credit facility to Wheels Up, with funds contributed by Delta and CK Wheels LLC, which is co-managed by affiliates of Certares and Knighthead, and Cox. The announcement follows last week's selection of George Mattson as the company's new CEO. "This investment represents both an important source of capital for Wheels Up to support our strategy for financial stability, future profitability and long-term growth on behalf of our members and customers, as well as a vote of confidence in our path forward from a group of investors with deep experience in the premium travel space," Mattson said. "We look forward to working closely with Delta and our other investors to deliver best-in-class operating performance and an exceptional customer experience which, as we deepen our commercial partnership, will also enable us to provide a one-of-a-kind seamless connection between private and premium commercial travel." "Wheels Up is an integral part of Delta's portfolio of premium partners, and this deep relationship offers a significant opportunity to deliver compelling benefits to our customers that are unique in the travel space," said Dan Janki, Wheels Up Chairman and Delta's Chief Financial Officer. "This investment and new leadership puts Wheels Up on a strong path to future success." The credit facility is comprised of a $350 million term loan funded at closing from Delta, CK Wheels LLC and Cox and a $100 million revolving credit facility from Delta. The terms of the credit agreement permit a new lender to provide a $50 million term loan after the closing date, as approved by Delta, Certares, Knighthead and Cox, and it is anticipated this additional funding will close in the near term. In connection with the closing of the credit facility, the lenders will initially receive newly issued Wheels Up common stock representing 80% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. After approval by Wheels Up's stockholders of an amendment to its certificate of incorporation, the company will issue to the lenders additional new shares such that the lenders will own 95% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. Wheels Up also announced a new structure for its Board of Directors. Under the new structure, Delta Air Lines will appoint four directors, Certares and Knighthead each will appoint two directors, and Cox will appoint one director. In addition, one company executive will join the Board and two independent directors are expected to remain from the previous Board. The parties were assisted in the transaction by a number of strategic advisors, including: Davis Polk, Jefferies LLC, Kirkland & Ellis and PJT Partners. About Wheels Up Wheels Up is a leading provider of on-demand private aviation in the U.S. and one of the largest private aviation companies in the world. Wheels Up offers a complete global aviation solution with a large, modern, and diverse fleet, backed by an uncompromising commitment to safety and service. Customers can access membership programs, charter, aircraft management services and whole aircraft sales, as well as unique commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also offers freight, safety and security solutions and managed services to individuals, industry, government, and civil organizations. Wheels Up is guided by the mission to connect private flyers to aircraft, and one another, through an open platform that seamlessly enables life's most important experiences. Powered by a global private aviation marketplace connecting its base of approximately 12,000 members and customers to a network of approximately 1,500 safety-vetted and verified private aircraft, Wheels Up is widening the aperture of private travel for millions of consumers globally. With the Wheels Up mobile app and website, members and customers have the digital convenience to search, book and fly.

Read More

Aviation Technology

Joby Subsidiary H2FLY Completes World’s First Piloted Flight of Liquid Hydrogen Powered Electric Aircraft

Business Wire | September 14, 2023

H2FLY, a wholly-owned subsidiary of Joby Aviation, today announced the successful completion of the world’s first piloted flight of a liquid hydrogen-powered electric aircraft. H2FLY, acquired by Joby in 2021, continues to lead the industry on the development and testing of hydrogen aviation propulsion systems. The company completed a series of piloted flights with its HY4 demonstrator aircraft, including one that lasted more than three hours, fitted with a hydrogen-electric fuel cell propulsion system and liquid hydrogen that powered it for the entire flight. The flights demonstrate the viability of using cryogenically-stored liquid hydrogen instead of gaseous hydrogen, which enables significantly lower tank weights and volume, leading to longer range. The successful installation and demonstration of flight with liquid hydrogen is believed to increase the range of H2FLY’s HY4 demonstrator aircraft from 466 mi (750 km) to 932 mi (1500 km), marking a critical step towards the long-term decarbonization of mid- to long-range aviation. “H2FLY are pioneers in their field, and we’re proud of them achieving this watershed moment in the use of liquid hydrogen to power aircraft,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “In the years to come, battery-electric and hydrogen-electric propulsion systems will enable us to build aircraft that are quieter and make mid- to long-range air travel possible with zero emissions. It’s critical we take action now and invest aggressively in these technologies for the health of our planet and future generations to come.” The successful flights are the culmination of Project HEAVEN, a European-government-supported consortium assembled to demonstrate the feasibility of using liquid hydrogen in aircraft. The consortium is led by H2FLY and includes the partners Air Liquide, Pipistrel Vertical Solutions, the German Aerospace Center (DLR), EKPO Fuel Cell Technologies, and Fundación Ayesa. Following this test flight milestone, H2FLY will increasingly focus on its path to commercialization. In June, H2FLY announced the development of its new fuel cell systems, which will be capable of providing their full power range at altitudes high enough to enable commercial hydrogen-electric aircraft, demonstrating real-world commercial aircraft applications. About Joby Joby Aviation, Inc. is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world.

Read More

Aviation Technology

BETA Technologies picks Garmin for its all-electric aircraft

Aerospace Manufacturing and Design | October 10, 2023

Garmin has a long-term agreement to provide the state-of-the-art Garmin G3000 integrated flight deck to BETA Technologies for its CX300 electric fixed-wing aircraft and A250 electric vertical takeoff and landing (eVTOL) aircraft. The conventional fixed wing CX300 aircraft and A250 eVTOL aircraft are designed to enable a diverse range of missions and operations including short-haul transport operations for military, cargo, medical, and passenger applications – all with zero emissions and lower operational costs. BETA intends to enter into service as early as 2025 with its ALIA CTOL (CX300), and as early as 2026 with its ALIA VTOL (A250). "We've been strategically working with BETA for several years in their effort towards bringing a sustainable aviation solution to the market. It's an honor to have our integrated flight deck chosen for the revolutionary A250 and CX300 aircraft and we are thrilled to be part of BETA's mission to grow the electric aviation market," said Phil Straub, Garmin executive vice president & managing director, Aviation. Garmin's integrated flight deck boasts vibrant high-resolution flights displays and the latest communication, navigation, surveillance air traffic management (CNS/ATM) based on a lightweight and highly flexible open system architecture design enabling a seamless integration with BETA's flight control, propulsion, and battery management systems. Garmin's flexible architecture and agile development process enables BETA to leverage the latest in flight deck technologies while seamlessly integrating BETA's innovative fly-by-wire system and human machine interface designs for electric propulsion and novel operations in an eVTOL aircraft. "Garmin is widely recognized as the leader in avionics, we're excited to be able to bring this familiar and time-tested experience to our customers. It's gratifying to have the support of this legacy aerospace company as we look to bring our electric aircraft to market. They've been a true strategic collaborator as we work together to develop the next era of sustainable aviation," said Kyle Clark, BETA founder and CEO. Garmin International Inc. is a subsidiary of Garmin Ltd. which is incorporated in Switzerland. Its principal subsidiaries are in the United States, Taiwan, and the United Kingdom. Garmin and G3000 are registered trademarks of Garmin Ltd. or its subsidiaries.

Read More

Aerospace

SpiderOak Announces Successful Demonstration of OrbitSecure on International Space Station

PR News Wire | September 01, 2023

SpiderOak, a leader in zero-trust cybersecurity and resiliency software for space systems, today announced the successful deployment and demonstration of its OrbitSecure technology aboard the International Space Station . This milestone, achieved using Amazon Web Services' (AWS) Snowcone edge computing device provided by Axiom Space, completes the next critical step in SpiderOak's plan to demonstrate increasingly complex orbital flight demonstrations. On July 31, 2023 in cooperation with Axiom Space and AWS, SpiderOak's OrbitSecure software was uploaded to the space station. The system successfully demonstrated sending and receiving secure ops traffic between ground and low-Earth orbit. Communication to the space station was handled via the Tracking and Data Relay System (TDRS). This successful demonstration positions SpiderOak as a critical enabler for the burgeoning new space economy, which heavily relies on the secure transfer of data and mixed workloads across hybrid platforms in space. For the first time, SpiderOak has validated the potential of containerized workloads in a space environment, demonstrating a secure, software-defined model applicable to the unique challenges of space operations. "The future of space is undeniably software-defined," said John Moberly, SpiderOak's Senior Vice President for Space. "Our successful demonstration shows that it's not just possible, but effective and secure, to run containerized workloads in modern orchestrated environments with secure data channels from orbit to ground and vice versa." This breakthrough opens immense potential to secure even the newest data intensive operations in space, including in-space manufacturing, scientific research, and commercial human spaceflight. Moreover, it lays the groundwork for creating orbital data centers. As data centers extend into space, the need to secure communications, not only from the station to the ground but also within the data center itself, increases. SpiderOak's demonstration builds upon the company's foundational work with Ball Aerospace, addressing these necessities and cementing SpiderOak's position as a leader in securing mixed workloads across heterogeneous platforms. "SpiderOak's innovative efforts contribute to reshaping the way we approach space networking," said Jason Aspiotis, Axiom Space Director of In-Space Infrastructure & Logistics. "The team's successful demonstration of OrbitSecure technology is a significant step toward building secure, dynamic, and scalable space communications and data processing infrastructures." SpiderOak's successful demonstration also highlights the vast potential for government and commercial workloads, with secure orchestration for containerized tasks in space. As constellations grow and interconnect, new hardware can seamlessly join the mission, with older systems easily uploaded and integrated into new tasks. "This represents a pivotal advancement toward a future where national security is maintained beyond the confines of our terrestrial defenses, reinforcing information assurance in an increasingly digitized and interconnected universe," said Charles Beames, Executive Chairman of SpiderOak. "We are paving the way to secure all space operations -- military, commercial and civil spaceflight – and scale at the speed of need through remote software deployment. More significantly, new commercial systems can combine with emerging U.S. Space Force platforms to make measurable improvements to secure our national defense." About SpiderOak SpiderOak is a 100% U.S.-owned and operated software company that delivers end-to-end cybersecurity and resiliency solutions for civil, military, and commercial space operations. Our commercially available products are built upon a foundation of zero-trust encryption and distributed ledger, ensuring the confidentiality, integrity, and availability of your most sensitive data in the space domain.

Read More

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