FLYING Magazine - FAA Approves Tamarack’s Active Winglet STC
Tamarack Aerospace has achieved the coveted supplemental type certificate for the Cessna CitationJet series of bizjets for its ATLAS Active Winglet system.
Tamarack Aerospace Group
SMARTWING™ Technology
Sandpoint , ID
Electronics
Technology
At Tamarack Aerospace, we’ve created a groundbreaking technology that is quickly transforming the aviation industry. Our SMARTWING™ technology maximizes flight, increases aircraft efficiency, and decreases CO2 emissions - all while reducing fuel usage by up to 33% for military and commercial airframes.
$323,633
raised
151
Investors
$136M
Valuation
$4.43
Price per Share
$248.08
Min. Investment
Common
Shares Offered
Equity
Offering Type
$5M
Offering Max
0
Days Left
This offering ended on May 01, 2022 and is no longer accepting investments.
Reasons to Invest
1. Sustainability & fuel efficiency. They're the two biggest concerns in the aviation industry, and aircraft owners and manufacturers are seeking real solutions — available right now.
- Proven range increase of up to 33%
- Reduction of CO2 and other emissions
- Noise reduction
- Technology retrofittable to any existing aircraft
- Longer wing life
2. Increased Performance. The wing technology aftermarket is worth nearly 2 billion. Tamarack believes that its proven, certified, and patented SMARTWING™ technology is primed to disrupt the marketplace entirely with an advanced solution. Our system dynamically responds to changing loads and conditions for maximum aerodynamic efficiency and stability, providing 3 to 4 times the efficiency of other wing technologies.
- Improved takeoff and landing performance
- Better mission readiness in high/hot/heavy conditions
- Increased stability and smoother ride for passengers
- Faster and higher climb capabilities with slower stall speed on shorter runway
3. Proven Technology. We believe that Tamarack’s performance-enhancing technology is one of the most dramatic, game-changing aviation sustainability solutions available right now as retrofit or forward fit. Tamarack SMARTWING™ technology has already significantly improved range, fuel savings, safety, and comfort for its international fleet of over 150 CitationJets. Tamarack’s military and civilian use SMARTWING™ for the King Air series is currently undergoing testing with growing interest by the U.S. Congress, NASA, ICAO, and NBAA. The application of Tamarack SMARTWING™ technology for the commercial aviation sector will be one of the key technologies allowing the industry to reach its carbon-neutral commitments by 2050.
Tamarack’s ground-breaking technologies provide truly transformative performance improvements that make them the most cutting-edge aftermarket modifications available today.
THE Problem
The Colossal Undertaking of Aviation Sustainability
Aviation is responsible for 2%–3% of all carbon emissions. By 2050, the International Coalition for Sustainable Aviation estimates aviation could be responsible for up to 22% of the world’s total carbon budget. The International Air Transport Association (IATA) has set a goal to reduce net aviation CO2 emissions by 50% before 2050.
* Source
Most green aviation technologies, like sustainable aviation fuel, aircraft electrification, and improved engines and airframes, only deliver incremental benefits and require entirely new fleets, making implementation years into the future and requiring an enormous economic investment.
For instance, imagine transforming every plane in a commercial fleet to a new fuel type and what this would entail. American Airlines, with the largest fleet, has nearly 1,000 aircraft. Each of those 1,000 aircraft would need an entirely new fuel system. Then, every airport would need new fuel lines, terminals, and so on, essentially altering the infrastructure of every city- no small task.
Historically, one way to boost wing efficiency was to increase the area of the wing, and add winglets, which allows the plane to fly more efficiently with less drag.
Make the wing longer, and it allows the plane to fly more efficiently with less drag. Winglets are another way to increase wingspan; however, when adding length and passive winglets to the plane, one mustn’t forget about that other pesky detail- weight. Too much weight in the wings might lead to compromises in the amount of cargo, passengers, etc. allowed in the plane, and could alter flight overall.
THE Solution
Revolutionary Load-Alleviating Technology
So, what makes Tamarack’s SMARTWING™ different from traditional wing technologies?
- Significant wing extension
- Load alleviation device (the Tamarack Active Camber Surfaces, or TACS)
- Winglet made of ultra-light-weight composite materials
- ATLAS Control Unit (ACU - automatically adjusts the SMARTWING™ to react to flight conditions)
All four components work together to provide maximum aerodynamic efficiency, making this technology up to five times as efficient as passive winglets. It is fully automatic, requires no pilot action, and functions autonomously from other aircraft systems.
This leads to increased range of up to 33%, fuel savings, a safer and smoother ride for passengers, and added value to aircraft.
THE Market
An Industry Ready for Efficient, Sustainable Flight
Traditionally within aerospace, significant capital barriers and strict regulatory requirements prevent companies from innovating across market segments. Tamarack SMARTWING™ technology has been rigorously tested and approved by both the FAA and EASA and has already been installed on over 150 private jets worldwide. Our real-world data & customer satisfaction index is both detailed and comprehensive.
Our product is high margin and easily scalable as it can be retrofitted onto any existing aircraft, as well as installed in new production aircraft. We have already developed and certified the system for eight derivative models and have a growing fleet of 150.
Now we're ready to expand into the commercial and military sectors, which we believe will create greater potential for investors.
Why Invest
Let’s Change the Way We Fly
Tamarack SMARTWING™ technology is available now— providing a significant and measurable reduction in CO2 emissions to the current fleet, as well as a reduction in the use of fossil fuels.
Beyond the transformative environmental impact, emissions reduction technology to market the complement is fuel savings, which makes business sense!
The beauty of investing in Tamarack SMARTWING™ technology is the tremendous incentive for airlines and other aircraft operators to choose this technology for their own return on investment.
This is a technology that makes business sense today, and the environmental returns will pay dividends for generations.
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In the Press
AOPA - Winglets Allow Nonstop Maine-To-Florida Flight: Fly-off Compared Tamarack-Modified, Stock CitationJets
Tamarack Active Winglet equipped jet outperformed unmodified jet on a January 26 fly-off between Portland, Maine and West Palm Beach, Florida. It was able to fly nonstop to Palm Beach in four hours, 35 minutes, while burning 155 fewer gallons of fuel than the unmodified aircraft—which had to make a
AIN - Tamarack CJ3 Completes One-Stop Trip from Texas to France
The CJ3 flew 2,104 nm from Texas to St. Johns, Newfoundland. The flight lasted 5 hours and 32 minutes and had a four-knot tailwind and flew at 376 knots true airspeed. The first leg had a fuel burn of 3,960 pounds. The second leg to Paris Le Bourget took 5 hours and 45 minutes and covered 2,244 nm.
Aviation Pros - Tamarack to Add Performance SMARTWING Prototype to King Air 350
The King Air 350 joins the King Air 200 modification on its evaluation journey with load alleviation capabilities among the most dramatic sustainable technologies available today in aviation. Military and civilian customers alike are showing interest in Tamarack’s latest King Air modification.
AIN - Tamarack Joins ICAO’s Sustainable Aviation Council
Tamarack Aerospace has joined the ICAO Global Coalition for Sustainable Aviation, which brings stakeholders together to develop new ideas and accelerate the implementation of solutions that will further reduce greenhouse gas emissions.
AOPA
TAMARACK GOES MILITARY
Offering Summary
Company | : | Tamarack Aerospace Group, Inc. |
Corporate Address | : | 2021 Industrial Drive, Sandpoint , ID 83864 |
Offering Minimum | : | $9,998.51 |
Offering Maximum | : | $4,999,999.24 |
Minimum Investment Amount(per investor) | : | $487.30 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 2,257 |
Maximum Number of Shares Offered | : | 1,128,668 |
Price per Share | : | $4.43 |
Pre-Money Valuation | : | $135,916,586.35 |
*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 Investor shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’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 Investor, (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 Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor 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*
Early Bird
Friends and Family - First 72 hours | 10% bonus shares
Super Early Bird - Next 72 hours | 8% bonus shares
Early Bird Bonus - Next 7 days | 5% bonus shares
Volume
Tier 1 Perk: Invest $1,000+ and receive a Tamarack Hat
Tier 2 Perk: Invest $2,000+ and receive a Swag Pack #1: Hat and T-Shirt
Tier 3 Perk: Invest $5,000+ and receive additional 1% bonus shares and Swag Pack #2: Hat, T-Shirt, Tamarack Yeti mug, & Laptop Sticker
Tier 4 Perk: Invest $10,000+ and receive additional 3% bonus shares and Listing on Tamarack Website as a Partner in Sustainable Aviation + Desktop Aviation Sustainability Memento
Tier 5 Perk: Invest $50,000+ and receive additional 5% bonus shares and invitation to a virtual tour of the Tamarack facility with Q&A with Tamarack President, Jacob Klinginsmith + Swag Pack #2
Tier 6 Perk: Invest $100,000+ and receive additional 7% bonus shares and a personal video call with Tamarack Founder, Nick Guida
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Tamarack Aerospace Group, Inc. 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 $4.43 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $443. 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 investors' 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.
Insider Investment Notice
Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments.
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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$3,312,315.00
USD
$3,379,769.00
USD
Cash And Cash Equivalents
$385,368.00
USD
$97,977.00
USD
Accounts Receivable
$203,019.00
USD
$163,336.00
USD
Short Term Debt
$2,214,266.00
USD
$6,632,647.00
USD
Long Term Debt
$9,161,144.00
USD
$2,477,555.00
USD
Revenues And Sales
$4,049,299.00
USD
$2,277,589.00
USD
Costs Of Goods Sold
-$1,974,958.00
USD
-$1,411,304.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$2,554,548.00
USD
-$3,294,398.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Thank You For Your Investment in Tamarack Aerospace
2 months agoOur StartEngine campaign is now officially closed and we want to welcome all of our new investors!!!
Thank you for your investment in Tamarack and the future of aviation sustainability.
Please reach out directly with any questions at invest@tamarackaero.com
Less Than 72 Hours Left to Invest in Tamarack SMARTWING™ Technology
2 months ago
Join Team Tamarack Today With An Investment In The Future of Sustainable Aviation While You Still Can!
2 months agoTo everyone who has already invested in SMARTWING™ technology, thank you…we’re so excited to have you aboard Team Tamarack…please consider doubling-down on your investment — and don’t forget share the opportunity with your network…our success is now your success, too!
The clock is ticking! Join Team Tamarack today with an investment in the future of sustainable aviation while you still can!
There's Still Time To Invest In Tamarack
2 months agoOur StartEngine campaign is coming to a close — don’t miss the chance to invest in our ground-breaking SMARTWING™ technology.
We’ve recently lowered our minimum investment amount to $248.08 - making it easier for everyone to invest.
Notice of Material Change in Offering
2 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Tamarack Aerospace Group offering. Here's an excerpt describing the specifics of the change:
Issuer is lowering the minimum investment amount and is disclosing a recent settlement.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Two Weeks Left to Invest in Tamarack SMARTWING Technology
3 months ago
Less Than Three Weeks Left To Invest in Tamarack SMARTWING Technology
3 months agoDon’t miss your chance to invest in the future of sustainable aviation…with Tamarack SMARTWING™ technology.
Tamarack Aerospace Supports Diamondo Earthrounding Aviation Sustainability: Circling the globe to connect outstanding sustainability projects leads to Tamarack’s Aiken, SC Transformation Center
3 months ago"The Earthrounding team made Aiken one of their stops because they identified Tamarack’s technology as an important contributor to helping aviation meet its UN Sustainability Goals of 50% reduction in net carbon emissions by 2050 compared to 2005 levels. Aviation is estimated to be responsible for approximately 2-3% of global carbon emissions today. The Aiken Regional Airport is the home of Tamarack’s East Coast Transformation Center where CitationJets are modified with Tamarack’s Active Winglet technology.
Tamarack’s SMARTWING™ technology provides multiple performance and sustainability supporting benefits, including up to 33% reduced fuel usage in modified aircraft and the ability to reach optimum altitude without a step climb in under 30 minutes, while also reducing noise pollution. The technology allows for more non-stop missions and smoother rides than, for instance, other flat-wing CitationJets are capable of offering. The SMARTWING™ technology modifies an aircraft’s wingtips and features autonomous and almost instant predictive and reactive load alleviation."
Continue reading the full press release:
https://www.tamarackaero.com/news/tamarack-aerospace-supports-diamondo-earthrounding
Real-world Ops: Tamarack Winglets Boost CJ Performance
3 months ago"The mission sounded simple: James Benham needed to fly from his home base in Bryan, Texas, to San Diego, where he was scheduled to give a presentation the following day. Fortunately, Benham doesn’t have to rely on the airlines because he owns and pilots a CitationJet.
Traveling by general aviation isn’t always ideal, however, and there usually are constraints that could affect such a trip or even make it impossible to complete without spending extra time at the destination.
In the original CitationJet, there is no way Benham could make it nonstop from his home in Bryan to San Diego with safe fuel reserves, unless the prevailing winds shifted 180 degrees to blow east to west. And on this particular day, Benham had already spent a few hours flying friends back from a vacation in Colorado, dropping them off in Tyler, Texas, before returning to Coulter Field in Bryan.
Benham’s original plan was to stay overnight at his home, then depart the next day, with me joining him in Bryan for the trip to San Diego. This would have worked fine if the weather had cooperated, even if it required an intermediate stop for fuel, which would have been the case for a stock CitationJet..."
~Matt Thurber
Continue reading the full article at AIN Online:
Watch Now: Exclusive Webinar on Tamarack SMARTWING™ Technology
3 months agoDid you miss our Live Webinar?? Watch Now!!!
Learn how you can invest in the future of sustainable aviation with SMARTWING™ Technology!!
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