PMB Aerospace Corporation Announces Shareholder Update

Rhea-AI Summary

PMB Aerospace Corporation (PMBY) announces a name change and a shift back to its original aerospace domain. The company aims to lead in propulsion, fuel efficiency, battery technology, and safety in the Aerospace and Transportation industries. With a focus on emerging technologies, PMBY plans to develop safer rocket engines and advanced encapsulation formulations to reduce carbon footprint and improve fuel performance.

LOS ANGELES, CA / ACCESSWIRE / March 4, 2024 / PMB AEROSPACE CORPORATION (OTC PINK:PMBY) ("the Company'), announces that it has changed its name and business focus. On October 13th, 2022, a majority of shareholders and the board of directors deemed it advantageous to take the company back to its original aerospace domain. The company's name was subsequently changed in compliance with the state of Nevada to PMB Aerospace Corporation. The company filed its Issuer Action Notification with FINRA, completing in July 2023.

The decision to return to the Aerospace Industry was based upon recent contraction and expansion in the industry that has created an opportunity for PMB Aerospace to distinguish itself as a leader in the Aerospace and Transportation industries as it relates to propulsion, fuel efficiency, battery technology and safety. With the increased demand for global communications and transportation of people, goods, and services, the Company is well positioned with emerging technologies to address the future needs of an expanding global economy.

The Company is returning to its roots relative to the research and development of layered encapsulated formulations for the Battery, Rocket Launch and Satellite industries with commercial and government applications in the transportation and power industries. We will develop a new class of rocket engine that will be safer with greater lift capability while reducing greenhouse gas. Patent improvements will exceed original design and performance. The company's encapsulation formulations for power generation and fuel formulations, will address the concerns associated with the effects of carbon-based fuels on climate change by significantly reducing carbon footprint and pollutants, while improving fuel performance and safety.

About PMB Aerospace Corporation

Formerly named Space Propulsion Systems Inc., PMB Aerospace Corporation reestablishes its operations as a transformational technology corporation set to develop and commercialize products for a diverse range of industry sectors. The company focus will include teaming with other industry leaders and the government to advance research and improve design, manufacturing, operation, and maintenance applications over an array of global business areas.

The company can be found at: https://pmbaero.com

Safe Harbor Statement

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.

For more information please contact:

info@pmbaero.com

Sources:

https://www2.deloitte.com/us/en/insights/industry/aerospace-defense/aerospace-and-defense-industry-outlook.html

https://finance.yahoo.com/news/global-aerospace-defense-materials-business-142200964.html

https://www.safran-group.com/pressroom/aviation-industry-leaders-form-coalition-strengthen-aerospace-supply-chain-integrity-2024-02-22

SOURCE: PMB Aerospace Corporation

View the original press release on accesswire.com

FAQ

What is the new name of PMB Aerospace Corporation?

The new name of PMB Aerospace Corporation is PMB Aerospace Corporation.

What industries will PMBY focus on?

PMBY will focus on the Aerospace and Transportation industries.

What technologies will PMBY prioritize?

PMBY will prioritize propulsion, fuel efficiency, battery technology, and safety.

What are the company's goals with the new focus?

The company aims to lead in emerging technologies to address the future needs of the global economy.

How will PMBY contribute to reducing carbon footprint?

PMBY plans to develop encapsulation formulations and fuel formulations to significantly reduce carbon footprint and pollutants.