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Ampaire Powering Up Hybrid Aircraft Flights

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Based in Hawthorne, Ampaire Inc. is once in a solo flight as it tries to become among the very first businesses to earn revenue using partially electric aircraft.

Ampaire had agreed to join with private airline Surf Air Mobility Corp in the past year. It is also located in Hawthorne. This deal would have given Ampaire an already-built fleet of aircraft that could be converted to hybrid gas-electric powertrains and swiftly get back in operation.

In March, the deal was canceled when the two firms decided to split to pursue the most minor or no carbon-emitting aircraft. The two companies did not provide any details regarding the end of the deal.

Ampaire is currently pursuing the hybrid engine plan on its own. Last month, I began testing a ground a Cessna Caravan aircraft that it transformed into a hybrid gas-electric powertrain.

The objective is to get the plane – – which Ampaire has called “Eco-Caravan” – fully certified to fly using the hybrid engine before 2024.

“Our mission is to decarbonize traditional aviation,” stated Kevin Noertker, Ampaire’s chief executive.

Surf Air, meanwhile, had hoped to use Ampaire as a means of achieving carbon-free flights. The company is now searching for an alternative method to electrify its fleet. Spokesperson Katie Pribyl said Surf Air anticipates making statements “soon” on its moves in electrification for aircraft.

Hybrid approach

Noertker is an engineer for aerospace who worked for the Falls Church, which is owned by Northrop Grumman Corp., joined forces with the fellow Northrop Grumman engineer Cory Combs to create Ampaire in 2016. The initial objective was to be the first to introduce using hybrid electric and gas-powered aircraft.

Those who design fully electric airplanes have recently taken the spotlight, including some that fly vertically and land vertically. However, fully electric aircraft do have weight and range limitations. Most of the batteries being tested for all-electric aircraft offer a range of 200 miles between charges, in Marty Bradley, an aerospace industry veteran and consultant who is an adjunct professor of mechanical and aerospace engineering with the USC Viterbi School of Engineering. The batteries are designed for this particular Southern California market, which implies most regional short-hop trips, for example, like that one from Santa Monica to Palm Springs.

This is one of the reasons why many companies are looking into the air taxi market, using the vertical approach to takeoffs and landings similar to the fictional early 1960s Jetsons television show. One of them is located in Santa Cruz. Joby Aviation Inc.

Certain companies are exploring other methods to reduce carbon emissions from air travel.

For instance, Venice’s Universal Hydrogen Co. is exploring hydrogen fuel. Universal Hydrogen in October raised $62 million for the testing the retrofitting of hydrogen fuel cells for General aviation regional aircraft.

Ampaire’s hybrid powertrain that is powered by gas and electricity offers a range of approximately 500 miles, which is similar to the combustion internal engine alternative for mid-sized and small general aviation aircraft, Bradley said.

“With a hybrid engine, from a Southern California perspective, that puts cities like San Francisco and Reno in play, and maybe even a bit farther than that,” said the scientist.

Furthermore, generally hybrid gas-electric power trains for aircraft seem to be capable of being brought to market earlier, particularly for a company like Ampaire, which is working on converting existing aircraft rather than creating new aircraft by hand.

Bradley said, “It’s the Toyota Prius approach to decarbonizing air travel in a summary of the hybrid strategy.”

As with the many trim options available for the Prius, Noertker said there are many hybrid options for air travel. Takeoffs employ both the traditional internal combustion engine and batteries for the most power. Cruising can be wholly electric or with limited dependence on gas engines; exactly how much gas engine would be utilized will depend on the weight and size of the plane, the distance it travels, and whether it faces strong headwinds. When landing, as in the Prius, using the brakes, it will pump electricity back into batteries; the process is known as a regenerative brake.

Noertker claimed that the technology is in sync with another benefit of the hybrid model, which is the lack of need for charging the plane.

“Right now, there is very limited charging infrastructure available on the ground for aircraft,” he added. “That can cause range anxiety for electric-powered aircraft. With our hybrid aircrafts when you have to charge while at ground level the charge may only need only for a brief duration.”

Testing

Ampaire tested aircraft it converted to hybrid gas-electric powertrains in the last three years. It first came with an upgrade to seat six people in a Cessna Skymaster aircraft, which Ampaire called”the “Electric EEL.” And this is the first step in testing is underway for an upgraded Cessna “EcoCaravan,” which could accommodate as many as nine passengers.

The objective, Noertker said, is to offer a variety of general aviation planes that change to hybrid gas-electric powertrains and then be introduced to the market.

“We’re assembling the building blocks of the electrification component of the industry,” said the CEO. Stated.

The fact that the majority of the aircraft are models that Ampaire is modifying and not entirely new designs – is a significant time-saver, explained Edward Story, a local general aviation enthusiast and consultant as a board member of both the California Pilots Association and the Santa Monica Airport Association.

He explained that most electronic vertical landing and takeoff planes are designing their airframes from the ground up.

“Ampaire’s strategy and vision is to modify the propulsion system to a vast array of certified air frames. This will reduce exponentially the development work involved,” Story said.

The first mover’s position?

Furthermore, putting an existing frame of an aircraft by certification through the Federal Aviation Administration certification process is another way to save time, according to another consultant Bradley.

“Empire had taken the approach of converting existing airplanes and getting supplemental certification,” the official said. “That could be quicker than bringing a new airplane to the FAA to be certified.

At most, speedy certification is not in the works for Ampaire. One issue: being among the first companies to be considered certified for hybrid gas-electric aircraft has entailed setting standards for the industry and the FAA to adhere to. This has been time-consuming and also a cause of delays in certification.

Bradley stated that they had the hybrid aviation field practically completely during Ampaire’s initial days about five years ago. However, other companies have joined the mix over the past three years, including Daytona Beach and Fla.-based VerdeGo Aero.

“The key realization over that time is that fully-electric aircraft probably will not be able to serve anything beyond the very short-hop market,” Bradley explained. “So regional airlines and other companies are looking at other technologies – including hybrid – to serve their markets.”

It has triggered the race to have aircraft certified to operate revenue by the FAA and negotiate agreements with regional airlines to start eco-friendly fleets.

“Ampaire has been doing this longer than almost anyone else, so that should give them a leg up.”

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Business

5 Ways Banks Can Prevent Small Business Defections to Fin techs.

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The essential small-sized business market is unserved mainly in terms of their banking requirements. With myriad challenges, Small companies have a lot to ask for from their central bank. However, they frequently fall short, especially regarding digital payment and account opening. This is what’s needed.

Since the onset of the epidemic, small companies across the globe have had to implement significant changes in how they conduct their business. From establishing order-ahead experience and contactless payment options to creating a digital presence in areas where there was previously none, they’re embracing the digital world more so than before. They’ve also had to implement new ways of staffing to deal with ongoing labour shortages and put their focus on security for their employees and customers.

Initially, financial institutions were eager to help by providing relief loans through the Paycheck Protection Program. Although they did have an up and down beginning, their unwavering assistance led to record-high satisfaction for small-sized businesses as per J.D. Power.

However, some credit unions and banks haven’t been able to sustain this momentum. While more companies say they’re more financially in condition than when they first started the pandemic, a lot remains in a state of difficulty.

Supply chain problems and rising inflation are posing problems ranging from material and labour to borrowing and overall financial health. But the reality is that many credit unions and banks haven’t yet provided small-sized businesses with the same selections in terms of product offerings and the level of service as larger companies. Therefore, it’s not surprising that increasing numbers of small-scale enterprises are turning to alternatives to obtain the required services.

As the younger, digitally native generations continue to join and become more of the workforce and are increasingly starting their enterprise, banks and credit unions need to take action. More than half of Americans have Millennials and younger.

What do banks and credit unions do to better meet small companies? Here are five practical yet crucial steps banks and credit unions must follow.

1. Treat Them Like a Business

Financial institutions must create small businesses, and their demands to be treated as such prioritised. Consumer solutions that are repurposed do not have the features customers expect, such as invoicing and payments as well as entitlements and approvals. Commercial solutions, however, tend to be expensive for small companies; they provide robust cash management options designed for larger businesses that have a higher volume of transactions.

Many small enterprises are being left unserved by only having access to these options. To address this issue, the credit unions and banks must first recognize that not every business can fit into the same category. They’ll have to think more strategically to be aware of the specific requirements of each of their customer’s companies.

A marketing company that employs 30 people will require different solutions than Auto body shops, which have five employees. Both will require an invoicing solution, digital payment acceptance options, and back-end integrations that help them to be more efficient. However, the auto body shop might need a method to accept payment at point-of-sale while the marketing company will not.

Financial institutions need to be able to separate small-sized enterprises and provide services and products based on the specific requirements of each.

2. Make Onboarding Easy and Account Opening Fully Digital

All financial institutions offer the possibility of opening accounts digitally. But, the process isn’t always wholly digital. Specific solutions require applicants to call or visit an office to finish the procedure. However, with the rapid growth of digital technology, both customers and business owners alike want to be able to create new accounts online in a matter of minutes and without having to go through hurdles.

Digital account opening is essential in bringing new customers on board and ensuring their business continues to grow. Based on Aite-Novarica Group, 86% of small companies run by Millennials believe that opening a digital or online account is necessary, vital or crucial for their bank to maintain their customers as customers.

However, most financial institutions are trying to understand how to open accounts digitally and make them simple to use. According to the Bank Director, a mere 17% cent of banks permit small-sized businesses to open deposit accounts online, and just five per cent permit small-sized firms to request digital loans.

Financial institutions need to keep working to improve. They must also conduct the proper research when choosing companies to ensure that they can deliver a digitally-first experience that is unified across touchpoints and channels.

3. Deliver Deep Digital and Self-Service Capabilities

Small-scale business owners require an array of products and services that aid them in effectively and securely controlling their company. If it’s the capability to invoice and collect funds, make payments or control cash flow, write custom reports or work with the banker, they have to ensure that their financial institution can meet their needs effectively.

However, the truth is that a lot don’t. Smaller businesses are more ready to switch to alternative suppliers. An Aite-Novarica Group report indicates that 84 per cent of the small and mid-sized companies (SMBs) operated by Millennials use or consider alternative banks for managing their finances.

Although there are differences between generations in the needs and desires of small-business owners, The same study also suggests that the demands of small-scale businesses owned by Millennials significantly change how SMBs generally communicate with financial institutions.

As the younger Millennials, Generation Zers more often create new businesses, an essential portion of our workforce. Credit unions and banks must take their needs into priority. Time is essential. With the apex of staff shortages having access to self-service and integrations is necessary for these companies to ensure that their operations run efficiently.

4. Provide Payment Options and Demonstrate Their Value

If asked about the banking functions, small-sized businesses are most attracted to, payment capabilities top the list of requirements for Penn Community Bank. “Ease and flexibility of sending payments” are the top requirements that small-business clients constantly need, says Tracey Carroll, director and senior vice president of cash management at the bank.

This isn’t unusual since the requirements for payment of small-sized businesses are changing quickly. Since the onset of the epidemic, companies have had to alter their payment processes to accommodate remote workers, order-ahead experiences with digital payment acceptance and many more. In the ever-changing payments landscape, there are plenty of options in terms of digital payment solutions. With so many options, it is often difficult for small companies to understand them and even harder to grasp the benefits of each.

The main factors influencing the decision to look into alternative payment options are their capacity to offer users a more direct user experience, back-office automation, and increased security and precision. However, there are many factors to consider when evaluating new payment methods ranging from managing cash flow and operations to interchange fees and hardware costs. Financial institutions that offer a variety of choices and actively explain the benefits of each option will be ahead.

5. Offer Proactive Financial Education and Guidance

Like consumers, small-business owners expect their banks to offer proactive and reliable financial guidance to make intelligent decisions to expand and manage their companies. While developing and improving the digital offerings is essential, knowing the variations in economic and digital understanding between business customers is vital to provide them with the best service possible.

Credit unions and banks must focus on actively informing about the benefits that can appeal to small-business owners and enable them to succeed. This means that they should promote a variety of kinds of financial options for various types of small-sized businesses.

Financial institutions have a distinct advantage over other financial service providers in how they segment their messages due to the wealth of information available. They should use the data to tailor their offering and communications. Also, remember that it’s more than just cross-selling products. It’s about education and trust, which can lead to loyal customers using many more products.

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Tech

Benefits of installing Penrith Solar Panels for your home:

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Are you not able to freely use electricity the way you used to do before, owing to the high electricity costs and inconstant power supply? But, are you aware of the fact that if the power of the sun is properly channelized, it can power up heavy appliances like TVs, ACs, refrigerators, computers, heaters, and other devices without any intervention. At the same time, when you install Penrith Solar Panels, you can cut down on monthly electricity costs. Investing in Green Solar Energy is the future. Besides helping you to minimize your electricity costs, it also reduces your reliance on a centralized power supply and also reduces your carbon fingerprint. Have a look at some of the benefits of embracing solar power for homes.

(1) Save lots of money:  Once you install Penrith Solar Panels in your home, you will install a big dip in your electricity bills. Having solar panels in your home will definitely save on your monthly electricity costs. According to studies, you can save up to 95% of your monthly electricity bills by installing rooftop panels. By making use of the Sun’s energy, the solar panels directly allow you to generate electricity. Therefore, when you switch to solar electricity, your dependency on grid-based electricity is greatly reduced. Once electricity costs get reduced, this, in turn, significantly increases your savings. Year-round service, savings, and efficiency all are ensured by a solar power system.

(2) Escalate the value of your property: Installing Penrith Solar Panels increases your property value by at least 3-4%. Investing in Green Solar Energyautomatically drives up property values offering real estate agents a captivating selling point for real estate agents. When you sell your home, you not only regain the initial cost of the solar system, but also you receive a premium that increases the return on your investment.

(3) Liberty from Centralized Grids: Your dependency on centralized government or private grids significantly decreases once you decide to take benefit of the Green Solar Energy. In weather of inconsistent supply and ever-increasing demand,the safest and the most sustainable bet, in the long run, is to go independent. Installing Penrith Solar Panels provides a safe future investment. You can enjoy additional independence by adding a battery backup to your solar power system. In this way, you can not only generate your own power but also store it for future use, especially if there is a failure of the main grid for some reason or the other.

(4) Contributing to a better environment: Though convenient, fossil fuel-generated electricity is disastrous for the environment. Once you invest in Green Solar Energy, you are actually investing in a renewable and green energy source, which is advantageous for the environment as well. Solar power produces no air pollution, no water pollution, and no greenhouse gas effects and thus, is completely clean. When electricity is produced by solar panels, there is no release of any harmful emissions and is also carbon-free. The need for finite resources is also reduced. Enjoy your clean, renewable power every day continuously and that is too guilt-free.

(5) It is not that expensive: The initial cost of installing Penrith Solar Panels can be high, but there are subsidies and government schemes that offer rebates to aid with the initial costs. And, remember, that this is a one-time investment. They are extremely durable and over their productive lifetime, which spans 25 years or more, they require very little or almost zero maintenance. They are also very easy to maintain. You only need to occasionally dust the solar panels which will remove dirt, leaves or any other fragments that might have accumulated over time. You can also call for a professional, once in a while to clean these panels.

(5) Don’t require additional space for installation: One of the biggest advantages of installing Penrith Solar Panels is that you can install them on any type of roof. So, there is no need to invest in purchasing additional land or empty land to set up rooftop solar panels. Moreover, when you install these panels, they also protect the roof of the building.

(6) Solar Power has multiple applications: Besides the generation of electricity, several other purposes can also be met by solar power. You can solar power to heat water and supply hot air or water to a building. Electricity generators can also be run by it.

The Bottom Line:

The most popular type of alternate electricity that can be effortlessly installed in your home is solar power. Not only is Green Solar Energy a sustainable and reliable power resource, but, if properly channelized, can it run each and every device in your home. Presently, for all your electricity concerns, the most sustainable solution is to opt for Penrith Solar Panels, which has several environmental and economic benefits also. Invest in solar rooftop systems for better service, more savings, and an improved lifestyle.

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“Business communities can be nurtured by using the latest tools’

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We feel lucky. Being a new company with a brilliant idea just one or two years before the global pandemic outbreak, wee faced the typical tough road ahead in the idea’s introduction to the market and ensuring it flourished. This was especially difficult in Malta, where the concept of contactless payments has not received the acclaim it deserved despite its unique quirks and charm. The majority of people preferred cash payments. Thank you very much!

Then, the coronavirus epidemic struck, and in addition to being a challenging time for us all as well, it became an ideal time for innovation, specifically regarding the way we transfer and manage money. Solutions needed to be more effective and flexible. This is why efficiency and flexibility are the main goals at whamo. In essence, the moment was and is just right for us.

We want more than anything to ease the lives of small-scale business owners. It’s as easy as. The thing that frustrates me when I examine the world around me is the gap between what technology can do and what’s accessible in terms of innovation for everyday small businesses such as sole traders and startups on a tight budget. There’s incredible innovative technology. However, the best solutions aren’t where they ought to be. Although we as a society often claim that we believe in the spirit of entrepreneurship, in reality, we don’t place our money where our mouths are. Traditional banks have been able to adapt to the needs of their customers and introduce some very innovative features for customers but not much even for companies. They’re just too old-fashioned and complicated to change and take on the needs and demands of small-scale business owners in the present.

We know the challenges that small companies face well: 1.) it’s a lot more work than it is supposed to be to establish a business financial account (sometimes it’s impossible) 2) it’s unnecessary complicated and costly to process payments (the essential element for any company) 3.) it’s daily stress to be forced to switch between one platform, app, account or website to manage your business online. And in the end, everything costs too high and takes too much time.

In the past four years, we came up with solutions to these issues, and now we’re looking beyond that and exploring how our agile technology can address issues in specific business areas (more on this in the future). This is why we constantly ask our customers for their feedback, no matter if it’s positive or not because it’s not just our technology that has to be agile but also the people who use it. We commit to expanding and adapting, and having strong customer relations that seek honest feedback is the basis for this.

Knowing the most pressing issues and listening to our clients, We designed an answer to make banking for business easy and enjoyable for small-scale business owners, freelancers, sole traders and many more.

In the beginning, we made creating an account for a business as simple as opening an individual one. As the business’s owner, it is easy to download the application to enter your and your business’s information, establish your identity by scanning documents and then speaking a word through your phone’s camera. We take care of the rest. You now have a company account, which is similar to an account at a bank but specifically designed for modern-day needs, within 10 minutes! This is precisely what the report should work. Secure, professional, not a benefit from a traditional bank. It is only about gains.

The second issue is the considerable burden and expense of making payments. With the advances we’ve made in fintech advancements, it’s a shame that prices aren’t that difficult, and yet, taking payments can be a hassle for small companies and sole traders in particular. We’ve accepted the possibilities of QR code technology – which is ubiquitous in China because of… the fact that it is effective! It allows anyone to get a credit card by simply showing the customer the QR code, whether it’s digitally stored on their smartphone and physically printed on a sticker, chunk of wood or whatever else works. We know that consumers don’t want to be required to download, register, sign up or fill out any forms to access your payment system. Fair enough, according to us. With warmth, your client scans your QR using their smartphone. The wallet will open, and they input the amount to be paid. Done.

More than QR, the availability of multiple payment options is crucial. You don’t wish to turn the customer off due to a non-acceptable payment method. With warm, you can also provide payment links to make payments (this is the most advanced technology in payment technology and is highly secure). Customers can transfer funds to your account at whamo as usual, obviously, but when it’s a payment made from whamo, it’s as simple as peer2peer. You look up your contacts and ask for the amount.

The second major issue small businesses encounter is “app-juggling to stay up to speed with their finances. To be organised, efficient, and digitalized, Small business owners need to find an array of applications to control their expenses, including customer payments, B2B payments, accounting management, team finances and much more. Although some of these apps can be integrated with others and be used in conjunction, they can become time-consuming. The main goal was to provide one place where busy business owners could do everything connected to their company finances. We have created sub-accounts that can manage revenue streams linked to Visa debit cards to manage spending for each individual or project. Whamo reports do precisely what it claims on the tin: you may request an analysis on the entire account or particular sub-accounts, drastically reducing the time spent on paper-chasing and calculating.

Additionally, the team management feature on our system is one that we’ve seen our customers appreciate. It’s great for setting employees having their accounts, spend limit and cards. As the account owner, you have no chance to miss anything since it’s all at your fingertips on the dashboard. You can also choose who gets to see what by dividing the roles.

When it comes to costs, we strive to be transparent and fair. We believe that a subscription model is the best option for everyone, and ours is easy and cost-effective. The smaller your business, the less you’ll pay. Best for those who are a freelancer or sole traders, there’s no fee for subscriptions in any way – you have a business account completely free.

We believe we can prove that B2B financial management could be more P2P. Business communities can be strengthened by using innovative tools that foster connections, ease and efficiency, rather than putting barriers or spanners in the process. We’ve got a vision, and we’re committed to it.

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