Announcing @regentcraft's $240M Series B to bring our Seaglider manufacturing facility online and deliver them to our military and commercial customers. Lets go!!
Could not have asked for better co-leads between Mare Liberum (@lcselby) and AE Ventures, bringing vast experience and connectivity across maritime and aerospace. Its not easy building in either of these sectors, so their backing is amazing validation for the business.
So excited to be partnering with @ereborbank on the financing. @PalmerLuckey and the team are absolutely putting their money where their mouth is on backing the next generation of American industry and defense technologies.
Access to this $120M in debt unlocks significant manufacturing purchases across tooling and equipment to stay on track for first Seagliders out of the factory by end of next year. We have a quarter-million feet of factory floor to fill.
This is a major growth moment for REGENT. To date, we've largely been focused on prototyping. Seagliders are the first new mode of transportation since the helicopter, and its taken a lot of engineering and test to get here.
Now we are focused to getting Seagliders into the hands of our customers, whether it is contested logistics and MEDEVAC missions in the Indo-Pacific, or commuter service to New York or Miami. The growth of the order book over the past year has been amazing.
It's a huge moment for us, but we're keeping our heads down and working. We are on the eve of flying our full-scale, human-safe Viceroy Seaglider prototype. Investors in our Series B got deeply involved in our technology development and testing campaigns and gained conviction in REGENT to unlock this fundraise even before Viceroy has flown.
I must say, it's awesome to see this team - even while celebrating this Series B - remain so locked in on flight.
Thank you to our existing investors who doubled down on us like @_edgegroup / SDF, @GiantStepVC, @LockheedMartin, @caffeinatedcap/@tonsing, @JAL_Official_jp, @mcuban, @foundersfund/@zebulgar, East X, and @Future_Planet.
And excited for all the new support with @DCVC, iGrow, @BalnordVC, @VanderbiltU, and Inceptional.
Massive day for REGENT. Next steps: flight, production, deliveries!
Thank you to Dr. Mark Lewis, RADM Lorin Selby, Dr. Victoria Coleman, our wonderful panel, and Michael Stern for leading the discussion on R&D within the defense sector! @LCSelby@vscoleman#POCrandd@PotomacOfficers
Gen. David H. Berger, the 38th Commandant of the Marine Corps, visited ONR earlier this week and was briefed on current and emerging naval technologies that will keep our @USNavy and @USMC dominant and even more closely aligned.
#USMC#USNavy
RADM Lorin Selby helped kick off #INEC2020 this morning. Selby talked about the future of the #USNavy and the importance of realigning naval power with the challenges provided by disruptive technologies.
College students: An inspiring #NavalSTEM challenge is on the horizon! Take a sneak peek at #NavalHorizons—and get ready to design the Navy and Marine Corps of the future!
Learn more and subscribe to receive notifications: https://t.co/QSRlnyfGxN
Grab a cup of ☕ and settle in to watch the action *LIVE* at #HACKtheMACHINE Virtual! We're kicking off at 9:00 AM CST and will have eight teams compete today and more tomorrow.
https://t.co/scXliKDwSE
#SciFest kicks off tomorrow and it's not too late to get in on the fun! #NavalSTEM will be there as part of the #DoDSTEM booth. Register (for free!) at https://t.co/4Saq1T5Bn9. From there, explore the U.S. Navy's virtual #STEM resources in the "Defense and Security Zone."
Challenge accepted: Four teams from around the world were selected to receive awards totaling over $1.1M as part of the International #ONRGlobalX Challenge, sponsored by #ONRGlobal. https://t.co/Ijn8dNZaTG
Vice Chief of Naval Research Brig. Gen. Benjamin Watson to speak at 2020 #ModernDayMarine Virtual Experience, to be held Sept. 22-24. https://t.co/k3Izu7yDf2
New research out of the @asrc_gc details the possibilities of harvesting energy from water evaporation—potentially providing an efficient and clean energy source to power future mechanical devices and machines. https://t.co/cdVS79u5zv
Tomorrow, hear from Hon. James Geurts, ASN RDA, on why #quantumtech matters for the DoD!
Catch the discussion at 9 AM. Chief of Naval Research RADM Lorin Selby will discuss ONR’s vision for quantum, and announce awards at 11 AM. https://t.co/0HjVYg6LEE
Images from @USNRL and @NASA’s Solar and Heliospheric Observatory captured the so-called sungrazer comet practicing its namesake close approach to the Sun before being vaporized.
https://t.co/u8muxUgeyb
Today, Chief of Naval Research RADM Selby signed the International Cooperative Engagement Program for Polar Research MOU. The #ICEPPR MOU will enable projects of mutual interest between the U.S., Canada, Denmark, Sweden, Norway, Finland & New Zealand. #arcticresearch#onrglobal
DARPA hardware-based security holding up against white-hat hackers About halfway into a bug bounty program, security researchers haven’t yet broken into systems protected by the System Security Integrated Through Hardware and Firmware program. https://t.co/GmHsPnyFZV