Dallas, Texas--(Newsfile Corp. - March 10, 2021) - Astro Aerospace (OTCQB: ASDN) ("Company" or "Astro"), a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, announced today that it has appointed Patricia Trompeter, M&A and financial expert, to its Board of Directors. Ms. Trompeter will serve on the Audit Committees. This board appointment brings Astro's total board membership to 2 Board Members.
Ms. Trompeter brings more than 16 years of experience in mergers and acquisitions and over 15 years in financial management to Astro's Board. Ms. Trompeter held a variety of executive positions at GE Capital including CFO, Controller, Operations Leader, Quality Leader, and Mergers & Acquisitions. She was integral in GE Capital's successful acquisition of Guinness Peat Aviation, which contributes to the more than $17 Billion of acquisitions she has completed. Ms. Trompeter's experience at GE gave her a breadth of knowledge in the Aviation Industry from aircraft engines to spending a significant amount of time in GE Capital Aviation Services (GECAS).
After leaving GE, Ms. Trompeter took a short break to focus in the non-profit sector and on family. In 2019, she returned to the venture capital sector as Co-Founder of Webbs Hill Partners, an independent investment and advisory firm growing innovative technologies in emerging markets. She is also the Founder of a new venture, Ceres Capital Holdings.
Ms. Trompeter commented, "Astro is a trailblazer in the eVTOL market with one of the safest and most efficient eVTOLs in the world. Our planet's urban centers are in desperate need of sustainable and efficient transport solutions to support growing populations and congestion. Over sixteen percent of all global greenhouse gas emissions are from transport, and Astro's technology is the aerial advancement we need to create positive l environmental change."
Ms. Trompeter joining Astro's Board comes at an opportune time as the Company anticipates significant growth in the eVTOL sector. On February 18th Astro announced it had entered into a binding agreement to acquire Horizon Aircraft Inc., creator of the world's first eVTOL that flies exactly like a conventional aircraft for the majority of its mission.
Astro CEO, Bruce Bent said, "Patricia's many years of executive experience in acquisition integration, corporate strategy development and financial management will be extremely beneficial as we enter this new chapter with Horizon. Our combined technologies are entering an eVTOL aircraft market projected to hit $87.64 Billion by 2026, and Patricia's deep knowledge of growing disruptive technologies in emerging markets will be an asset to the Company."
Ms. Trompeter is a graduate of Business Administration from Marquette University majoring in Finance & Economics.
About Astro Aerospace
Astro Aerospace is the developer of the world's most advanced, autonomous, short haul, eVTOL (Electric Vertical Takeoff and Landing) aerial vehicles.
Our mission is to make self-flying unmanned and manned vehicles available to anyone, at anytime, from anywhere, and to turn this new and exciting aircraft into a mainstream mode of transportation.
Our vision is "Flight Made Easy".
Visit www.flyastro.com for more information.
All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not occur or whether any such event will enhance shareholder value; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its customers; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995
For inquiries contact: Mike@flyastro.com.
Astro Aerospace Ltd
320 W. Main Street
Lewisville, TX 75057
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