Colorado Springs, Colorado — According to state and local economic development sources PteroDynamics plans to build out new space in Colorado Springs. The company plans to occupy the new space in Colorado Springs, on or about July 1, 2022. According to the company website At PteroDynamics, we believe that advanced air mobility can change the world for the better. Our mission is to build the safest and most efficient vertical takeoff and landing aircraft possible. PteroDynamics has invented a radically different aircraft design that solves the most critical challenge facing vertical takeoff and landing (VTOL) aircraft: substantially greater range and endurance for any given payload weight fraction. This is critical to unleash the market opportunity for advanced air mobility, which is expected to be $1.5 trillion by 2040. Our patented VTOL aircraft design called Transwing folds its wings during flight to transition between rotorcraft and fixed-wing configurations giving Transwing aircraft their superior flight efficiency. Transwing aircraft also have substantially better controllability in takeoff, landing, and hover flight and have less than 1/4 the ground footprint of other aircraft with the same wingspan. This permits operations in more compact touchdown and liftoff areas and windier conditions.

To learn more about PteroDynamics, visit http://www.pterodynamics.com/

Company Contact:
Matthew Graczyk, Chief Executive Officer
https://www.linkedin.com/in/matthewgraczyk/
857-576-2188

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