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Stock impact report

Vertical Aerospace Addresses Archer Aviation Claims

Vertical Aerospace Ltd. (EVTL) 
Company Research Source: Business Wire
LONDON & NEW YORK--(BUSINESS WIRE)--Vertical Aerospace (“Vertical” or “Company”) [NYSE:EVTL], a global aerospace and technology company that is pioneering electric aviation, today provided the following statement in response to a patent infringement complaint filed by Archer Aviation in the U.S. District Court Eastern District of Texas:Archer’s recent claims are without merit, and Vertical intends to defend those claims vigorously. Vertical has developed a robust aircraft design with a clear path to certification, underpinned by Vertical’s proprietary and market-leading technology and international IP portfolio. Archer’s claims are merely an attempt to distract from the challenges Archer is facing competing in the marketplace.“Vertical’s aircraft architecture, proprietary technology stack and certification pathway have been independently developed over many years and are protected by a robust portfolio of intellectual property rights,” said Domhnal Slattery, Vertical Aerospace Cha Show less Read more
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