PJET Builds Technology For Student Living Ecosystem To Include EV Transportation

Rhea-AI Summary

Priority Aviation (OTC Pink: PJET) has begun alpha testing its Student Housing By Owner (SHBO) App, which aims to innovate the student living experience. The App integrates electric vehicle options to address campus transportation challenges. Expected to launch by year-end, PJET anticipates significant user growth post feedback implementation in 2022. The company also plans a brick-and-mortar student housing project in Texas. With U.S. college students wielding over $376 billion in spending power, PJET is positioned to capitalize on the resource-constrained student housing market.

Positive

• Development of the Student Housing By Owner App is complete and in alpha testing phase.
• App aims to address campus transportation shortages through integration with electric vehicle (EV) solutions.
• PJET plans to expand its business with a physical student housing project supporting a small university.

Negative

• None.

Dallas, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) has started alpha testing its Student Housing By Owner (SHBO) App.  The development of the App is complete, and the App will now undergo an internal quality review. 

The SHBO App is the center piece of PJET’s technology strategy to innovate the student living experience.

Today PJET revealed the company’s strategy includes addressing campus transportation with a comprehensive electric vehicle (EV) solution that addresses prevalent campus public transportation and parking shortages with a sustainable solution. 

PJET’s SHBO App development includes the integration of access to EV solutions.  PJET is also exploring the possibility of adding it’s on EV solution to the third-party EV options that will be available through the PJET SHBO App.

The App is expected to launch in production before the end of the year.  PJET anticipates receiving critical feedback on the App from early adopters in the first half of next year, 2022.  PJET expects to see a substantial increase in users in the second half of the year after the App is updated in response to feedback from early adopters.

PJET anticipates its Student Housing App to resonate with the resource constrained student housing market. 

In addition to introducing an App intended to be the Airbnb of student housing, making it easy for anyone with an extra bedroom, garage apartment, or empty house near a campus to now turn that extra space into income, the App is also architected to address the entire student living ecosystem.

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.

PJET is also building a brick and mortar component of its business. 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.  This is the first such project planned to support smaller universities and complement the Student Housing App initiative.

PJET redirected its operations earlier this year toward the student housing market. Look for much more to be coming soon on the company’s new business direction.

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 the Student Housing By Owner App by PJET?

The Student Housing By Owner App aims to facilitate student housing opportunities, allowing users to rent out extra spaces near campuses.

When will PJET's SHBO App be launched?

The SHBO App is expected to launch by the end of the year, with updates planned based on user feedback in early 2022.

How does PJET plan to address campus transportation issues?

PJET intends to implement electric vehicle solutions via the SHBO App to tackle public transportation shortages.

What is PJET's business strategy for the student housing market?

PJET's strategy includes developing a technology-driven App and a physical housing project to cater to the needs of college students.

What potential does PJET see in the student housing market?

PJET recognizes a substantial market opportunity, with U.S. college students having over $376 billion in spending power.