SARASOTA, Fla. – Dukane Seacom (a HEICO Company, NYSE: HEI, HEI.A) DK-406-AF Emergency Locator Transmitter (ELT) is one of the industry’s newest ELT solutions and is quickly gaining market share.
Since launch and certification, the DK-406-AF has been selected by multiple commercial and defense platforms, and most recently gained a large share of the emerging eVTOL platforms.
The eVTOL (Electric Vertical Take-Off and Landing) market space is a rapidly growing sector within the aviation industry. eVTOL aircraft are designed to take off and land vertically, like a helicopter, but with electric propulsion systems that enable them to operate more quietly, efficiently, and with lower emissions compared to traditional combustion engines.
The market for eVTOLs is projected to grow significantly over the next decade, driven by increasing demand for urban air mobility, emergency services, and transportation of goods. Major players in the industry include established aerospace companies like Airbus and Boeing, as well as startups such as Archer Aviation, Lilium, and Joby Aviation.
Commercial deployment of eVTOLs at scale require three core regulatory approvals: type certification, production certification, and operational authority. The FAA and EASA are making progress towards establishing regulatory frameworks for eVTOLs. Additionally, infrastructure such as vertiports (airports for eVTOLs) and battery charging-swapping locations will need to be built. Overall, the eVTOL market space offers an exciting opportunity for innovation and growth in the aviation industry, with the potential to revolutionize the way people and goods are transported in the future.
Dukane-Seacom is proud to be an early partner involved in transforming aerospace travel through urban air and advanced air mobility with its product portfolio including ELTs and underwater locator beacons. It supports all organizations committed to lasting change that will bring families closer to their loved ones, make work commutes more productive, and enable faster recreational travel.
About Dukane Seacom
Sarasota, FL-based Dukane Seacom Inc. is the world’s leading supplier of emergency locator devices for the aviation industry. Besides ELTs, Dukane has over 40 years of industry experience designing and manufacturing underwater locator beacons (ULB) for commercial, military, and business aircraft. Airlines and operators put their trust in our unmatched reliability and expertise. For more information, please visit www.dukaneseacom.com.
About HEICO
HEICO Corporation is engaged primarily in certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO’s customers include a majority of the world’s airlines and overhaul shops as well as numerous defense and space contractors and military agencies worldwide, in addition to
medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at www.heico.com.
The Company has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) receives 1/10 vote per share and the Common Stock (HEI) receives one vote per share. The stock symbols for HEICO’s two classes of common stock on most web sites are HEI.A and HEI. However, some web sites change HEICO’s Class A Common Stock symbol (HEI.A) to HEI/A or HEIa.
CONTACT: Samir Purohit +1(941)893-6826
