Aviation
Stock Flyte (NYSE American: $VTAK) Partners with Blade to Supercharge Vision
Jet Distribution and Regional Air Mobility Reach; @flyflyte
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stock Catheter
Precision, Inc. (NYSE American: VTAK).
Fly
Flyte, Inc. , the Regional Air Mobility subsidiary of Catheter Precision, Inc.
(NYSE American: VTAK),
today announced a strategic partnership with Blade Urban Air Mobility (“Blade”)
designed to expand customer reach, increase booking opportunities, improve
aircraft utilization, and accelerate awareness of the Flyte platform among
premium aviation travelers.
Key News Points
Flyte's Vision Jet Fleet to Be
Featured on Blade Platform, Expanding Distribution across One of the Industry's
Leading Air Mobility Networks
Strategic Partnership Expected to
Increase Aircraft Utilization, Customer Acquisition, Brand Awareness, and
Platform-Driven Revenue Opportunities
Strategic Relationship Further
Validates Flyte's Regional Air Mobility Model and Expands Reach into Blade's
Ecosystem
Under
the partnership, Flyte's Cirrus Vision Jet fleet and charter offerings will be
featured on Blade's platform, providing Blade passengers with access to a
modern, efficient, and cost-effective private aviation solution for regional
travel.
The
partnership is expected to expand Flyte's visibility among a large and highly
targeted audience of premium aviation consumers already utilizing
technology-enabled air mobility solutions.
Flyte believes its Cirrus Vision Jet fleet is uniquely
positioned to complement Blade's customer base, which has historically focused
on premium, time-sensitive regional travel solutions.
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"We're
excited to partner with Blade and make Flyte's Vision Jet fleet available
through one of the industry's most recognized aviation platforms," said
Marc Sellouk, Founder and CEO of Flyte. "This relationship broadens our
distribution, introduces Flyte to a wider customer base, and represents another
important step in executing our long-term growth strategy."
The
Cirrus Vision Jet offers a differentiated private aviation experience featuring
advanced safety technologies, including the Cirrus Airframe Parachute System
(CAPS) and Safe Return Emergency Autoland, making it one of the most
technologically advanced aircraft operating within the regional aviation
marketplace.
Flyte
continues to execute on its strategy of building a scalable regional air
mobility platform through strategic partnerships, fleet expansion, technology
integration, and increased consumer awareness initiatives. The company believes
partnerships with established aviation brands can help accelerate growth while
expanding access to premium travel customers throughout the United States.
The agreement
is non-exclusive and subject to the terms and conditions of the parties'
agreement.
About Flyte
Flyte is a
private aviation company operating a growing fleet of Cirrus Vision Jets and
providing efficient short-haul travel throughout the United States. Through
fixed pricing, online booking, and a technology-enabled operating platform,
Flyte delivers a faster, safer, and more convenient alternative to traditional
private charter travel.
Flight
operations are conducted through Flyte's wholly owned subsidiary, Ponderosa
Air, LLC, an FAA-certified Part 135 air carrier.
For more
information, visit www.flyflyte.com.
About Blade Urban Air Mobility
Blade is the leading helicopter passenger
service in the world with operations in the United States and Europe. The
Company’s asset-light model, coupled with its exclusive passenger terminal
infrastructure and proprietary technologies, will enable a seamless transition
from helicopters and fixed-wing aircraft to Joby’s Electric Vertical Aircraft
(“EVA” or “eVTOL”), enabling lower cost air mobility that is both quiet and
emission-free.
For more
information, visit www.blade.com.
About Catheter Precision
Catheter
Precision is an innovative U.S.-based medical device company developing
advanced solutions to improve the treatment of cardiac arrhythmias. The company
focuses on bringing new technologies to market through collaboration with
physicians and continuous product innovation.
Cautionary Note Regarding Forward-Looking Statements
This
press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Statements preceded by,
followed by or that otherwise include the words “believe,” “anticipate,”
“estimate,” “expect,” “focus,” “intend,” “plan,” “potential,” “project,”
“prospects,” “outlook,” and similar words or expressions, or future or
conditional verbs, such as “will,” “should,” “lends,” “would,” “may,” and
“could,” are generally forward-looking in nature and not historical facts,
including, without limitation, our belief Flyte is uniquely positioned to
expand fleet operations, enter new markets, and scale nationally, our belief
our capital initiatives position the Company as a more streamlined public
company with significant exposure to the rapidly expanding regional aviation
market, the belief that FLYTE’s platform operational foundation allows for
rapid fleet growth and expansion into additional high-demand regional markets
and our belief the acquisition of Flyte, combined with recently secured
institutional capital, provides the foundation for a focused, high-growth
aviation strategy while also enabling the Company to simplify its balance sheet
and streamline legacy operations. These forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause the
Company's actual results, performance, or achievements to be materially
different from any anticipated results, performance, or achievements for many
reasons. Unless otherwise required by law, the Company disclaims any intention
to, and undertakes no obligation to, revise any forward-looking statements,
whether because of new information, a future event, or otherwise and such
statements are made only as of the date hereof. For additional risks and
uncertainties that could impact the Company's forward-looking statements,
please see the Company's Form 10-K and Form 10-Q’s, including but not limited
to the discussion under “Risk Factors” therein, which the Company has filed
with the SEC and which may be viewed at www.sec.gov.
CONTACTS
Media
Relations for Flyte
flyte@elev8newmedia.com
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