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PJET Announces Electric Vehicle University Campus Pilot

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Priority Aviation, Inc. (OTC Pink: PJET) announced a new electric vehicle pilot in conjunction with its student housing initiative. The company’s focus is on enhancing student living through a Student Housing By Owner (SHBO) App, which has completed development and is under quality review, aiming for a launch by year-end. PJET plans to test this technology with a brick-and-mortar housing project supporting a small private university in Texas and has ordered ten electric scooters as part of the pilot to collect data for scalable university solutions.

Positive
  • Introduction of a new electric vehicle pilot alongside existing student housing initiatives.
  • Completion of the Student Housing By Owner App, set to launch by year's end.
  • Development of a brick-and-mortar student housing project in Texas for a small university.
Negative
  • None.

Dallas, Texas, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: 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 PJET 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


FAQ

What is PJET's new electric vehicle initiative about?

PJET is adding an electric vehicle pilot to its student housing project, ordering ten electric scooters for use on campus.

When is PJET launching its Student Housing App?

The Student Housing By Owner App is expected to launch before the end of the year.

What is the purpose of PJET's brick-and-mortar project in Texas?

The project aims to trial and prove technology solutions for student living, supporting a university with about 1,200 students.

What is the significance of the data collected from PJET's EV pilot?

The data will be used to develop a comprehensive technology solution that can be scaled to any university.

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