Partly cloudy skies. Low 69F. Winds light and variable..

Partly cloudy skies. Low 69F. Winds light and variable.

Duxion’s eJet motors™ provide zero emission propulsion on Dymond’s unmanned cargo aircraft

Duxion’s eJet motors™ provide zero emission propulsion on Dymond’s unmanned cargo aircraft

ST. JOHNS, Newfoundland and Labrador--(BUSINESS WIRE)--Sep 12, 2022--

Duxion Motors Inc. (“Duxion”) today announced that it has entered into a Memorandum of Understanding (“MOU”) with Dymond Aerospace Inc. (“Dymond”) to supply 200 patented eJet motors™ for use in Dymond’s new fleet of 100 unmanned cargo aircraft.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220912005294/en/

Duxion’s eJet motors™ provide zero emission propulsion on Dymond’s unmanned cargo aircraft (Photo: Business Wire)

Under the terms of the MOU, Duxion will supply 20 eJet motors™ per year for ten years starting in 2026 for a total purchase of $500 million CAD. Each eJet motor™ will be built using Duxion’s patented technology incorporating a rim-driven motor which utilizes permanent magnet technology in a novel manner to deliver a world class thrust to weight ratio. The eJet motors™ for this application will be capable of producing 8,000+ lbs of thrust, similar to the thrust produced by the engines of 50-passenger CRJ100 aircraft. Each of Dymond’s aircraft will be outfitted with two Duxion eJet motors™, powered by hydrogen fuel cells.

Duxion will take on a new 70,000 sqft hangar space at Stephenville Dymond International Airport to be utilized for the integration and installation of eJet motor™ propulsion systems. The new facility is sized to have sufficient capacity to perform eJet motor™ retrofits for traditional jet fuel aircraft outside of the Dymond partnership.

“Dymond Aerospace is a terrific partner for Duxion as we share a passion for electrifying the aviation sector with complimentary product offerings. Our eJet motor™ technology is a perfect fit for Dymond’s unmanned cargo aircraft with our patented technology providing best in class thrust to weight ratios as well as a low total cost of ownership which is achieved by having relatively few moving parts, high reliability, and with accordingly reduced maintenance expenses,” said Rick Pilgrim, Chairman and Chief Executive Officer of Duxion. “With our ground prototype expected to be completed this Fall, we look forward to a long and successful partnership.”

Founded in 2017, Duxion Motors Inc. is an advanced motor design and manufacturing company developing high power density electric propulsion systems for aviation and marine industries. Our engineers have developed powerful scalable electric systems that accelerate the transition to emission free electric transportation. Our patented eJet motor™ enables jet owners and OEMs to hybridize or fully electrify their existing fleets more quickly and economically.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220912005294/en/

INDUSTRY KEYWORD: OTHER ENERGY OIL/GAS ENVIRONMENT ENERGY AIR AEROSPACE TRANSPORT MANUFACTURING

http://www.businesswire.com/news/home/20220912005294/en

Sorry, there are no recent results for popular commented articles.

Sign up now to get our FREE breaking news coverage delivered right to your inbox.

First Amendment: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.