Flying Ship Technologies, Corp. offering is now closed and is no longer accepting investments.

Future of Maritime Transportation

INVEST IN FLYING SHIP TECHNOLOGIES, CORP. TODAY!

Flying Ship Technologies, Corp., is building unmanned, autonomous, green wing-in-ground-effect vessels to deliver goods efficiently to hard-to-reach destinations. Combining green technologies and 21st century aerodynamics dramatically decreases vessel cost, improves energy efficiency and eliminates greenhouse gas emissions.
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This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Flying Ship Technologies, Corp.

REASONS TO INVEST

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Eco-friendly innovation: Flying Ship Technologies, Corp. is the only company offering autonomous, green ground effect vessels.

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Proven market interest: The global logistics market is growing at a 6.5% CAGR and will reach almost $13 trillion in annual revenue by 2027.

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Cost-effective: The Flying Ships will deliver goods significantly faster than boats at a quarter the cost of airplanes.


*$13 trillion 2027 revenue  (source)


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product. The Company's Chief Executive Officer and Chief Operating Officer both currently each have their own private consulting LLCs. At this time, their primary sources of income come from these businesses and they dedicate approximately 60% of their time to Flying Ship. Both executives plan to focus 100% of their time on Flying Ship once the company receives additional funding.

OVERVIEW


Delivering expensive freight to difficult locations with aero-marine hybrid technology

Flying Ship Technologies, Corp. is creating unmanned maritime shipping vehicles. Using technology harnessing the aerodynamic principle of ground effect and artificial intelligence, the ships travel on a cushion of air just over the water. These Flying Ships are classified as maritime wing-in-ground effect vessels rather than airplanes. 


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


These revolutionary, all-electric vessels enable shippers to deliver goods to hard to reach locations utilizing a flexible distributed logistics network, rather than being restricted by a legacy spoke-and-hub model. Within the next three years, zero-emission Flying Ships are on track to provide access to countless delivery points significantly faster than ships and with lower operating costs than aircraft.


The above are estimates based on the company's knowledge. The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


THE PROBLEM


Delivering goods overseas is expensive and inefficient 

Trying to ship equipment, food, or medicine from the United States to the Bahamas is either expensive or slow. Shipping goods currently relies on planes, trucks, boats and trains, all of which give off CO2 emissions and are limited to fixed infrastructure. Huge increases in demand for shipping will only increase pollution and congestion on existing infrastructure.



THE SOLUTION


A new mode of cargo transportation that’s cost-effective and eco-friendly

Flying Ships provides a less expensive, more flexible, green alternative for delivering cargo to traditional ports and hard-to-reach locations. Our revolutionary vessels optimize fast and inexpensive delivery of goods and enable shippers to utilize a flexible distributed logistics network, rather than being restricted by a legacy spoke-and-hub model. 


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


The first generation of all-electric Flying Ships will be approximately thirty-six feet long and will operate within the maritime domain for commercial markets. The vessel will dock using existing marinas, beaches, and boat ramps to efficiently deliver goods. The maximum payload will be approximately 2,500 pounds and the vessel will have a range of more than 300 nautical miles. The first-generation Flying Ships will be semi-autonomous and next-generation models will be fully autonomous. We plan to build larger versions so we can ship 85 tons across  7,000 nautical miles for global transport using alternative green propulsion systems.


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


Global logistics companies and government agencies are actively engaged with Flying Ship Technologies, Corp. to purchase these revolutionary vehicles to enhance their logistics capabilities.


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.



THE MARKET


Disrupting a $13 trillion market

The logistics market has seen a surge in the need for time-critical, price-sensitive goods. The cargo/logistics market is growing at a compound annual growth rate of 6.5% CAGR and will reach almost $13 trillion in annual revenue by 2027.




The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


We believe Flying Ship Technologies, Corp. is the only company offering autonomous, green, maritime ground effect vessels to address significant demand growth in the logistics industry. One company, Elroy Air, has received $50 million in investment to develop an autonomous, hybrid-electric vertical takeoff and landing drone with a maximum range of 300 miles and a payload of 300-500 pounds for rural delivery. This clearly indicates strong interest in emerging technologies for medium-range, medium-payload applications. 


Unlike Flying Ships, their product is designed to operate over land in the airspace system under more stringent FAA regulations, increasing costs and potential certification delays. Other companies are working in adjacent markets — primarily in the piloted passenger market segment. 

OUR TRACTION


Multiple patents filed; major strategic partnerships secured 

We’ve filed three utility patents for our designs and we’ve executed several agreements for strategic partnerships, including a memorandum of understanding on a potential joint venture in Greece. We’ve developed two working ground effect vessels. 


We’ve used a ⅙ scale functioning demonstration vessel to test and validate sensor systems to be used in the commercial product and raise our Technology Readiness Level to 5. We are on track to deliver the first Flying Ship to a commercial customer within the next three years. 


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


WHY INVEST


Support a green global logistics network

Join us to create a faster, more flexible, green global logistics network that will enhance access to coastal locations around the world. 


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.

ABOUT

HEADQUARTERS
15 E. Market St, Suite 615
Leesburg, VA 20175
VALUATION
$99.99M

Flying Ship Technologies, Corp., is building unmanned, autonomous, green wing-in-ground-effect vessels to deliver goods efficiently to hard-to-reach destinations. Combining green technologies and 21st century aerodynamics dramatically decreases vessel cost, improves energy efficiency and eliminates greenhouse gas emissions.

TEAM

Bill Peterson

Bill Peterson

CEO and Director

Bill Peterson is the founder of Flying Ship Technologies, Corp. and has almost 20 years of experience using his engineering and corporate strategy expertise to support commercialization and product differentiation for the world’s largest aerospace and defense companies, serving in diverse roles across corporations, governments, consultancies, and trade groups. 

Currently, Mr. Peterson runs a personal consulting business, Peterson Corporate Services LLC, which provides the majority of his income. He is also the COO of NOVA Family Rentals, LLC and the owner of Ground Effect Technology, LLC. He spends 60% of his time on Flying Ship and works on ad-hoc consulting contracts to supplement his income while developing the company. Mr. Peterson plans to focus 100% of his time on Flying Ship once the company receives funding. Please refer to the Offering Memorandum for further details.

Gus Bateas

Gus Bateas

COO

Gus Bateas is the Executive Vice President and Chief Operating Officer of Flying Ship Technologies, Corp. Gus is an aerospace, defense, and maritime executive with 35 years of industry experience and a solid and proven track record.

Currently, Mr. Bateas runs a personal consulting business, GMB Associates, LLC, which provides the majority of his income. He spends 60% of his time on Flying Ship, is currently part-time and works on ad-hoc consulting contracts to supplement his income while developing the company. Mr. Bateas plans to focus 100% of his time on Flying Ship once the company receives funding. 

Sam Aconfora

Sam Aconfora

Human Resources Lead

Sam Aconfora is an accomplished HR leader with over 30 years of industry experience. Primarily focused on the aerospace and defense sector, he has worked with large and small firms to provide human capital guidance and leadership, helping them to acquire top talent. 

Sam is currently part-time and transitioning to full-time once the company has adequate funding. 

Capt. Steve Bomgardner

Capt. Steve Bomgardner

Maritime Regulatory & Business Development Lead

Capt. Steve Bomgardner has held global leadership roles in both Oil & Gas and Maritime industries. He is also is currently Regional Managing Director, Americas & Global Commercial Director at The Bahamas Maritime Authority. 

Steve is currently part-time and transitioning to full-time once the company has adequate funding. 

Nick Breedlove

Nick Breedlove

Military Business Development Lead

Nick Breedlove serves as a Strategic Advisor to the founding team at Flying Ship Technologies, Corp., and the Flying Ship Company. He brings an objective perspective assisting with the investment objectives, go to market strategy, and pitfalls of early-stage ventures.

Nick is currently part-time and transitioning to full-time once the company has adequate funding. 

Omo Igiehon

Omo Igiehon

Finance & International Strategy Lead

Omo Igiehon is a management consultant and engineer with twenty years of experience in international investment banking and global business consulting in the commercial and government arenas. 

Omo is currently part-time . 

April Parnell

April Parnell

Legal Advisor

April Parnell is an attorney offering consulting services for compliance issues regarding Exports, ITAR and contractual issues including FAR, DFARS, NAVAIR, Sarbanes Oxley, FCPA, and Anti-boycott. She advises Flying Ship on contracts and legal affairs in support of the company’s strategic goals.

April is currently a contractor with the organization. 

TERMS

Flying Ship Technologies, Corp.
Overview
PRICE PER SHARE
$11.11
DEADLINE
Jun 28, 2022
VALUATION
$99.99M
AMOUNT RAISED
$176,760.59
Breakdown
MIN INVESTMENT
$111.10
MAX INVESTMENT
$1,069,992.99
MIN NUMBER OF SHARES OFFERED
900
OFFERING TYPE
Equity
ASSET TYPE
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
96,309

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Flying Ship Technologies, Corp.

Corporate Address

:

15 E. Market St, Suite 615, Leesburg, VA 20175

Offering Minimum

:

$9,999.00

Offering Maximum

:

$1,069,992.99

Minimum Investment Amount

(per investor)

:

$111.10











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

900

Maximum Number of Shares Offered

:

96,309

Price per Share

:

$11.11

Pre-Money Valuation

:

$99,990,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

Time-Based Perks

Invest in the first 5 days, get 20% bonus shares

Invest in the next 5 days, get 15% bonus shares

Invest in the first month, get 10% bonus shares

Amount Based Perks

Invest $1,000 and receive 2% in bonus shares 

Invest $2,500 and receive 4% in bonus shares 

Invest $5,000 and receive 6% in bonus shares 

Invest $10,000 and receive 8% in bonus shares 

Invest $50,000 and receive 10% in bonus shares 

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Flying Ship Technologies, Corp. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $11.11 / share, you will receive 110 Common Stock, meaning you'll own 110 shares for $1111. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

PRESS

Article Image
Aviation Week

Advanced Air Mobility Emerging As A Multifaceted Industry

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ASSEMBLY Magazine

Nature Inspires Wing-in-Ground-Effect Aircraft

Article Image
Sea Technology Magazine

Flying Ships: Autonomous Wing-in-Ground Effect Vessels Coming to Market (Pages 27-30)

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Aviation Week

European Customer Signs For Cargo Ekranoplans

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Virginia Economic Review Fourth Quarter 2021

Unmanned Vehicles Poised for Impact Beyond Package Delivery










ALL UPDATES

06.27.22

Final Minutes

Counting down the final minutes for you to own part of the future of maritime transportation.

See this NewsBreak contributor's summary of the opportunity: 

https://original.newsbreak.com/@jessica-n-abraham-561221/2615212113880-stock-market-volatility-continues-alternative-investments-to-get-through-the-fud

 

06.26.22

Final hours to invest in Flying Ship Technologies, Corp.

Friends,

We have nearly reached the end of our crowdfunding campaign on StartEngine. The campaign will close, Sunday, June 26 at midnight. This is your final chance to increase your share or jump in on the ground floor. Don't miss this incredible opportunity!

To those of you who share our vision and believe in us, thank you very much! Your financial contributions will take us far towards commercializing Flying Ships.

Please join us by clicking the Start Investing link before noon tomorrow to invest before the deadline.

We want to leave you with a few final links that highlight Flying Ships revolutionary maritime capabilities.

Read the CNN article about ground effect vehicles that featured Flying Ships:

https://www.cnn.com/travel/article/caspian-sea-monster-ekranoplan/index.html

And, see the video that Supercar Blondie, a social media star, recently published about Flying Ships:  


06.25.22

Just Two Days Left: Aviation Week focused on Flying Ship as the Future of Maritime Transportation

There's still time to invest, but the opportunity ends in just 48 hours!  The most reliable source for aerospace news, Aviation Week, published a revealing article about Flying Ship's global strategy.  Europe and Asia are the most forward-leaning markets for unmanned ground effect vehicles so we are thrilled to kick off in those regions! Are you ready to kick off with us?



06.24.22

Counting down in 3...2...1: PICTURE OF THE WEEK: “FLYING SHIP” OVER ASHBURN’S BEAVERDAM RESERVOIR

While our campaign is going to an end in just three days, we're ramping up thanks to our investors! 

We LOVE the LOVE we receive from our regional press. Flying Ship got a virtual fist bump from The Burn by featuring our Flying Ship on the home page of the website—always a great source for local happenings.

https://www.theburn.com/2022/05/28/picture-of-the-week-flying-ship-over-ashburns-beaverdam-reservoir/?fbclid=IwAR0EHYlLclzGpmqlyHAv5n1XlVUP-aFvc--kavW-q-0EBpUvhdDLm05jLKw