Surf Air Mobility Presents at Palantir Technologies AIPCon June 2024

Rhea-AI Summary

Surf Air Mobility (NYSE: SRFM) announced its participation at Palantir Technologies' AIPCon June 2024, scheduled for June 6th. The event will feature Surf Air's CTO leading a workshop on utilizing Palantir's AI platform for regional air mobility. Since 2021, Surf Air has collaborated with Palantir to develop software tools for Part 135 regional air operators. The partnership aims to provide these operators with advanced tools similar to those used by larger commercial airlines. Deanna White, Interim CEO & COO, emphasized Palantir Foundry's role in enhancing their technology platform and transforming regional air mobility.

Positive

• Participation in AIPCon June 2024 increases visibility among potential investors and partners.
• Collaboration with Palantir since 2021 demonstrates a long-term strategic partnership.
• Use of Palantir's AI platform can potentially offer advanced tools to regional operators, enhancing service quality.

Negative

• No new financial data or revenue projections shared in the announcement.
• Dependence on Palantir's technology may pose risks if the partnership faces challenges.
• The announcement lacks information on immediate tangible benefits or results from the collaboration.

LOS ANGELES--(BUSINESS WIRE)-- Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”,“Surf Air”), a leading regional air mobility platform, announced today its participation at Palantir Technologies (“Palantir”) AIPCon June 2024 on June 6th. Surf Air’s CTO will be leading a workshop showcasing the use of Palantir’s AI platform in novel ways for the regional air mobility market.

Surf Air has been working with Palantir since 2021 to develop the software tools for the Part 135 regional air operators segment of the aviation market. By leveraging Palantir Foundry and AIP software, Surf Air plans for its technology platform to benefit the large market of regional operators that do not have access to the same tools currently available to larger commercial airlines.

“Palantir Foundry has been instrumental in allowing us to fully leverage our technology platform to better serve our passengers and regional operator partners and unlock insights in new and unique ways that are necessary to transforming regional air mobility,” said Deanna White, Interim CEO & COO of Surf Air Mobility. “We were honored when they asked us to participate in their AIPCon June 2024 event.”

About Surf Air Mobility

Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air travel to transform flying through the power of electrification. In an effort to substantially reduce the cost and environmental impact of flying and as the owner of the largest commuter airline in the US, Surf Air Mobility intends to develop powertrain technology with its commercial partners to electrify existing fleets and bring electrified aircraft to market at scale. The management team has deep experience and expertise across aviation, electrification, and consumer technology.

Forward-Looking Statements

This Press Release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s ability to anticipate the future needs of the air mobility market. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of Surf Air Mobility’s management as well as assumptions made by and information currently available to Surf Air Mobility and reflect Surf Air Mobility’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: the inability to accurately forecast demand for products and manage product inventory in an effective and efficient manner; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in the prospectus. These and other risks are discussed in detail in the periodic reports that Surf Air Mobility files with the SEC, and investors are urged to review those periodic reports and Surf Air Mobility’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. Surf Air Mobility assumes no obligation to update its forward-looking statements except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240606690568/en/

Media Contacts

Press: press@surfair.com

Investors: investors@surfair.com

Source: Surf Air Mobility Inc.

FAQ

What is the date for Surf Air Mobility's participation in Palantir's AIPCon 2024?

Surf Air Mobility will participate in Palantir's AIPCon on June 6, 2024.

What will Surf Air Mobility present at AIPCon 2024?

Surf Air Mobility's CTO will lead a workshop on using Palantir's AI platform for regional air mobility.

Since when has Surf Air Mobility been collaborating with Palantir Technologies?

Surf Air Mobility has been working with Palantir Technologies since 2021.

How does Surf Air Mobility plan to benefit regional air operators?

Surf Air Mobility plans to provide advanced AI tools to regional air operators, similar to those used by larger commercial airlines.

What role does Palantir Foundry play in Surf Air Mobility's operations?

Palantir Foundry helps Surf Air Mobility leverage its technology platform to better serve passengers and regional operator partners.