Bell and Electric Power Systems Sign Teaming Agreement for On-Demand Mobility Energy Storage Systems

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Fort Worth, TX (November 5, 2018) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today a signed teaming agreement with Electric Power Systems (EPS), for the development of energy storage systems for Bell’s vertical take-off and landing (VTOL) aircraft and on-demand mobility (ODM) solutions.

 

“This collaboration with EPS is intended to further enhance the safety and performance of our aircraft through unique power storage capabilities,” said Bell’s Scott Drennan, vice president of Innovation. “As we forge relationships with new teammates, we move one step closer to bringing viable urban air mobility to the everyday commuter.”

 

EPS develops high-performance, low-cost energy storage systems such as batteries, power electronics, thermal management systems and battery management systems for high-reliability applications. These energy storage systems will be designed to provide the energy resource for the hybrid propulsion system.

 

“This relationship aligns with our vision as well as Bell’s vision to advance electric aircraft for commercial and military aviation applications,” said Nathan Millecam, CEO of EPS. “Our Energy Storage System leverages advanced active battery management technology that enables our battery module to improve life, reduce cost, and meet stringent FAA safety requirements around cell containment in thermal runaway at a very light weight.” 

 

Bell continues to build the ODM network and is responsible for the design, development and production of the Air Taxi, while EPS will lead the design, development, testing, production and support of the energy storage systems. As previously announced, Safran will provide the hybrid propulsion systems, Garmin will integrate the autonomous vehicle management computer (VMC) systems, and Thales will lead the flight controls system avionics.

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About Bell

Thinking above and beyond is what we do. For more than 85 years, we’ve been reimagining the experience of flight – and where it can take us.

We are pioneers. We were the first to break the sound barrier and to certify a commercial helicopter. We were a part of NASA’s first lunar mission and brought advanced tiltrotor systems to market. Today, we’re defining the future of advanced air mobility.

Headquartered in Fort Worth, Texas – as a wholly-owned subsidiary of Textron Inc., – we have strategic locations around the globe. And with nearly one quarter of our workforce having served, helping our military achieve their missions is a passion of ours.

Above all, our breakthrough innovations deliver exceptional experiences to our customers. Efficiently. Reliably. And always, with safety at the forefront.

About Textron

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, changes in aircraft delivery schedules or cancellations or deferrals of orders; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; changes in government regulations or policies on the export and import of our products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; and risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.

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