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EVTOL startup Archer wants to dismiss trade secret proceedings

Archer’s planned rendering of an electric aircraft, according to the company, is capable of sailing 60 miles at speeds of up to 150 mph.

Archer

Archer Aviation wants the judge to dismiss the proceedings for violating the corporate secret of developing an electric vertical take-off and landing aircraft.

Archer said in a brief letter filed in the US District Court for Northern California that the proceedings filed by Wisk Aero had no merit.

“Wisk is trying to improperly interfere with Archer’s $ 1 billion deal in a media campaign that coincides with this unfounded proceeding. Both began shortly after the deal was announced. It was Archer. Is soaring, but Wisk is at risk of crashing. “Archer has filed a proceeding in court in response to Wisk’s proceedings. “Despite the breathtaking hints and unfounded speculation that Whisk is hitting all the complaints, Archer’s eVTOL aircraft design is not only the best eVTOL aircraft, but also a complete Archer design. is.”

This case revolves around the rapidly evolving but unproven world of eVTOL. Several companies have raised hundreds of millions of dollars to manufacture electric aircraft designed to carry short-haul passengers. It’s unclear when regulators will eventually certify eVTOL for commercial services, but UK consulting firm IDTechEx estimates that the eVTOL market will grow to $ 14.7 billion over the next 20 years.

Launched in 2018, Archer was a hot topic when it announced a $ 3.8 billion merger plan with special-purpose acquisition company Atlas Crest Investment Corp. in February. Among those who supported the deal were United Airlines, which ordered 200 Archer eVTOLs.

Less than two months later, Wisk Aero sued Archer, claiming that after hiring a former Wisk employee, the company had access to more than 50 corporate secrets. Wisk was founded in 2019 through a joint venture backed by Boeing and Kitty Hawk, a start-up company launched by Alphabet co-founder Larry Page. Wisk has announced plans for an urban air mobility partnership with Blade, centered on the eVTOL aircraft being developed by Wisk.

A petition filed in mid-May seeks an injunction to stop Archer from developing eVTOL.

Archer’s lawyer says Wisk’s claim doesn’t fit. In its summary, Archer said, “There is no fragment of evidence that Archer has ever used or recognized Whisk’s corporate secrets. Despite pages 73 and more than 200 paragraphs, Whisk’s complaints It doesn’t specifically identify a single whisk. It’s a corporate secret, not to mention the corporate secret Archer has used so far. “

EVTOL startup Archer wants to dismiss trade secret proceedings

Source link EVTOL startup Archer wants to dismiss trade secret proceedings

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