Local Motors was an American automobile manufacturing company founded in 2007 by John B. Rogers Jr. based out of Phoenix, Arizona. A pioneer in the use of large format additive manufacturing technologies, the company had successfully built large scale transportation vehicles and autonomous buses such as the Olli™. Along the way, Local Motors developed a significant intellectual property portfolio while contributing significant advancements in affordable and practical commercial deployments of AM technologies.
"We are thrilled to announce the acquisition of Local Motors' IP portfolio, which aligns perfectly with our mission to revolutionize the unmanned aircraft industry through advanced additive manufacturing technologies. We are bringing cutting-edge technologies from the venture-funded commercial sector to the national security space and delivering products to the DoD with them," said Jay Gundlach, Ph.D., RapidFlight's Chief Executive Officer.
With this acquisition, RapidFlight gains access to Local Motors' extensive intellectual property resources, including patents, designs, and engineering expertise. This infusion of knowledge and assets accelerates RapidFlight's product development efforts, enabling the company to demonstrate its groundbreaking UAS products in weeks rather than years.
"Local Motors was in business for more than a decade. It was funded through millions of dollars of venture investment and developed critical large format AM technologies in partnership with some of the most reputable US government laboratories. We have acquired the fruits of all that labor and are bolstering RapidFlight's own family of patent applications through this acquisition," said Brad Schneider, RapidFlight's Chief Operating Officer.
About RapidFlight
RapidFlight is an integrated designer and manufacturer of unmanned aircraft based in Manassas, Virginia. RapidFlight is accelerating the time from concept to flight while building aircraft systems that meet the demanding challenges, evolving requirements, and tight timelines that are inherent to our national security. Through next-generation manufacturing processes and a team of industry leaders RapidFlight is ushering in a new era of aircraft manufacturing. For more information, visit
www.rapidflight.aero.
RapidFlight
Contact: Derek Lewis
Phone: 703-623-4936
Email:
Email Contact
View original content to download multimedia:
https://www.prnewswire.com/news-releases/rapidflight-announces-acquisition-of-local-motors-intellectual-property-portfolio-301872479.html
SOURCE RapidFlight
| Contact: |
| Company Name: RapidFlight
|
