PJET Adds Electric Vehicles To University Campus Student Living Brick-And-Mortar Pilot

Rhea-AI Summary

Priority Aviation (PJET) announced an expansion of its initiatives in student housing by adding an electric vehicle (EV) pilot alongside its existing pilot program. The company is set to launch its Student Housing By Owner (SHBO) App aimed at enhancing the student living experience, with the app currently in quality review and expected to launch soon. Additionally, PJET is funding a new student housing building in Texas for a small university with around 1,200 students. The pilot will also deploy electric scooters to gather data for scalable technology solutions across universities.

Positive

• Launch of Student Housing By Owner App aimed at improving student living experience.
• Funding for a new student housing facility targeting 1,200 students.
• Addition of an electric scooter pilot to gather data for scalable solutions.

Negative

• None.

DALLAS, Nov. 17, 2021 /PRNewswire/ -- Priority Aviation, Inc. (USOTC: PJET) ("PJET") today announced the company is adding an electric vehicle pilot to its existing brick-and-mortar student housing pilot.

PJET recently introduced a new business focus delivering technology solutions to improve the student living experience.

The PEJT student living technology solution is centered on a Student Housing By Owner (SHBO) App. The development of the App is complete, and the App is now undergoing an internal quality review. The App is expected to launch in production before the end of the year.

PJET is building a brick-and-mortar component of its business to physically trial and prove parameters for its technology solutions. The company has reached terms to fund and build a student housing residential building in Texas that will support a small private university with an enrollment of approximately 1200 students. 

Today, PJET announces that it will add an EV pilot to its brick-and-mortar pilot. PJET has ordered ten electric scooters that will deployed for use on the same campus with a mobile app to access the scooters. PJET will use the pilot to generate data for a more comprehensive technology solution that can be scaled to any university.

21 million U.S. college students are estimated to have over $376 billion in spending power. In 2020, students spent $39 billion on food alone. Annual student spending on clothes and accessories is estimated at $67 billion. Universities themselves spend approximately $1 billion annually advertising to the university student demographic.

See College Student Spending Habits For 2021 to learn more.

PJET's Student Housing App design includes an artificial intelligence engine intended to integrate a network of businesses addressing the student living ecosystem.

Visit the company's new website periodically to look for the latest updates
Company Website – www.pjet-info.com

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Contact:
Steven Rash
Info@pjet-info.com
+1 (800) 861-1350

 

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SOURCE Priority Aviation Inc.

FAQ

What is PJET's new initiative announced on November 17, 2021?

PJET announced the addition of an electric vehicle pilot to its student housing program, alongside the introduction of its Student Housing By Owner App.

What technology solutions is PJET developing for student living?

PJET is developing the Student Housing By Owner App, integrated with AI for improving the student living ecosystem.

Where is PJET building its new student housing facility?

PJET is funding a new student housing residential building in Texas for a small private university.

How many electric scooters has PJET ordered for its pilot?

PJET has ordered ten electric scooters for deployment on a university campus.

What is the purpose of PJET's electric vehicle pilot?

The EV pilot aims to generate data for a comprehensive and scalable technology solution that can be applied at various universities.