Aviation Safety Resources designs, tests, and produces whole airframe parachute recovery systems to safely bring down an entire aircraft.
Business Model:
Revenue: $0
Employees: 1-10
Address: 7224 Sandscove Court Suite 1
City: Winter Haven
State: FL
Zip: 32792
Country: US
Aviation Safety Resources designs, tests, and produces whole airframe parachute recovery systems to safely bring down an entire aircraft or vehicle and its occupants in the event of an in-air emergency. ASR is focused its R&a;D on bringing a new dimension of safety to the rapidly developing Advanced Air Mobility (AAM) market. AAM is quickly growing to a substantial market opportunity. The emerging AAM vehicle market is projected to be $1.5 trillion with 3,000 Vertical Take-Off and Landing (VTOL) vehicles in operation by 2025. This represents a $137M recovery system market within five years as the recovery system development will need to be ahead of vehicle designs. ASR’s eXtreme Rapid Deployment (XRD) solution provides enhanced safety for the entire AAM concept for air transportation which is expected to have a high density of VTOL operations over heavily populated areas. Not only can ASR solve the associated safety problem with recovery of a vehicle with no forward speed, but can ASR accomplish the objective within a compressed timeline driven by the current market developments. ASRs Advanced XRD emergency recovery system for AAM directly aligns with the mission, goals and scope in addressing safety of non-conventional vertical lift configurations.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2022 | Grant | - |
KY Innovation KY Innovation |
6/2022 | Grant | 1 | - |
KY Innovation KY Innovation |
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