{"success":true,"data":{"pressRelease":{"id":"115311","rtpr_id":"nBw94TT4La","ticker":"JOBY","exchange":"NYSE","all_tickers":["JOBY"],"title":"Joby Aviation to Scale Defense Business Through Acquisition of Resonant Sciences","author":"Business Wire","published_at":"2026-08-11T12:00:02.117Z","article_body":"Joby Aviation to Scale Defense Business Through Acquisition of Resonant\nSciences\n\n\n * Acquisition will significantly expand Joby’s defense business by adding a\nfast-growing company with established programs, classified capabilities and\nscaled manufacturing operations\n\n * Upon closing, Resonant will become Joby’s dedicated defense business,\ncontinuing its existing programs while expanding its portfolio to include\nJoby’s hybrid aircraft and autonomy technologies. Joby’s commercial\naircraft business will remain focused on its electric air taxi initiatives\n\n * Combination will create immediate opportunities to unite Joby’s dual-use\naircraft, propulsion and autonomy technologies with Resonant’s radio\nfrequency (RF), sensing and mission systems capabilities as well as its\nworld-leading expertise in low-observability aircraft design\n\n * Resonant delivered more than $100 million in trailing-twelve-month revenue,\nrepresenting approximately 40% year-over-year growth, alongside strong\nadjusted EBITDA generation, driven primarily by long-cycle programs with the\nU.S. government, prime contractors and next generation defense technology\nprograms\n\nJoby Aviation, Inc. (NYSE: JOBY) today announced that it has entered into a\ndefinitive agreement to acquire Resonant Sciences, a Dayton, Ohio-based\ndefense technology company, for approximately $500 million. The acquisition\nwill represent a significant expansion of Joby’s defense business,\ndelivering immediate scale through a rapidly growing and EBITDA-positive\nbusiness supporting active U.S. national security programs.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20260811636880/en/\n(https://www.businesswire.com/news/home/20260811636880/en/)\n\nJoby Aviation to acquire defense leader Resonant Sciences, creating a scaled\ndefense growth platform. (Credit: Joby Aviation & Resonant Sciences)\n\nResonant also brings classified infrastructure, qualified products,\nestablished production operations and longstanding customer relationships, as\nwell as a deeply experienced technical team. By bringing together the\ncompanies’ complementary aerospace engineering capabilities, the combination\nwill create a scaled defense growth platform that accelerates autonomy and\nexpands the applications for Joby’s technology.\n\nJoby’s Dedicated Defense Business Unit\n\nUpon closing, Resonant will become Joby’s dedicated defense business and\ncontinue to operate under the Resonant Sciences name, led by Co-Founder and\nCEO J. Micah North. Joby’s existing defense initiatives, which are built on\nmore than a decade of work with defense and intelligence customers, will be\nconsolidated within the new business unit. These include the development of\ndual-use turbine-electric and hydrogen-electric aircraft, as well as a\ndual-use autonomy technology stack. Housing this work within Resonant will\nallow Joby’s commercial aviation organization to maintain its primary focus\non certifying, manufacturing, and commercializing its electric air taxi.\n\nThe combination of Joby and Resonant is also expected to create significant\nopportunities in adjacent markets. An early focus is expected to be the\nintegration of Joby’s dual-use autonomy stack with Resonant’s Radio\nFrequency (RF) sensing and signal-processing capabilities, accelerating the\ndevelopment of software-defined autonomous systems for defense customers.\n\n“Resonant has built an exceptional business that combines advanced\ntechnology, vertically integrated production capabilities and deep customer\ntrust,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “The\ncombination will pair Resonant’s established capabilities with Joby’s\nglobally leading aircraft propulsion technologies, creating a powerful\nplatform for the next phase of Resonant’s growth. What makes this\ncombination especially compelling is how closely aligned our teams are. Having\nworked with Micah and his team for several years, we know that we share a\npassion for deep technical innovation, a bias toward solving hard problems\nfrom first principles and a vertically integrated approach that brings design,\nengineering, testing and production together under one roof.”\n\n“Demand for advanced defense technology is growing rapidly, and Resonant has\nbuilt the technology, customer relationships and manufacturing capabilities\nrequired to meet it,” said J. Micah North, Co-Founder and CEO of Resonant\nSciences. “Joining Joby gives our team access to additional engineering\ndepth, aircraft platforms, autonomy technology and production expertise,\nallowing us to move faster for our existing customers and pursue opportunities\nthat neither company could address alone,” he added. “Resonant’s name,\nleadership, people and commitments to our customers will remain in place. What\nchanges is the scale of what we can build and deliver.”\n\nA High-Growth Defense Business\n\nFounded in 2015, Resonant employs approximately 250 people and designs,\nmanufactures and delivers advanced RF and mission systems for U.S. national\nsecurity customers. The company is also a global leader in low-observability\ntechnologies, structures and subsystems, with established capabilities\nspanning advanced sensing, electronic countermeasures, communications and\nautonomous systems.\n\nThat leadership has translated into strong financial performance. Revenue\nincreased approximately 40% year over year to more than $100 million over the\nlast twelve months, and in recent periods the company has operated at\nhigh-teens adjusted EBITDA margins. Those margins are expected to expand as\nproduction volumes increase and recently awarded programs move into\nproduction.\n\nThis growth is supported by accelerating demand as U.S. defense investment\nincreases across Resonant's core markets. During the first half of 2026, the\ncompany secured more than three times the bookings recorded during the same\nperiod in 2025, with backlog more than doubling year over year.\n\n“Resonant is a fast-growing business with strong visibility into future\nrevenue, supported by a growing backlog and accelerating demand across its\ncore defense markets,” said Rodrigo Brumana, Chief Financial Officer of Joby\nAviation. \"It generates healthy adjusted EBITDA margins, and its technology,\ncustomer relationships and scaled manufacturing make it a strong strategic fit\nfor Joby as we build out our defense business.\"\n\nEstablished Programs and Production at Scale\n\nIn addition to commercial customers, Resonant sells directly to the U.S.\nGovernment and leading prime contractors supporting classified national\nsecurity initiatives and active U.S. defense programs of record. Resonant\nsupports sensitive and critical defense programs via its long-standing\nFacility Security Clearance (FCL) and accredited facilities, with more than 90\npercent of its team members holding security clearances, providing the cleared\ntechnical workforce and infrastructure required to execute sensitive programs\nat scale.\n\nBeyond developing RF hardware, Resonant performs end-to-end payload\nintegration and aircraft modification. Its electronics, apertures and radomes\nare qualified across more than 20 commercial and defense airframes.\n\nThe capabilities of the two companies are highly applicable to the defense\nsector’s next generation platforms, which reflect a broader shift in defense\npriorities toward autonomous, lower-cost aircraft, for which advanced sensing,\nelectronic countermeasures and resilient communications are central to mission\neffectiveness. Resonant already holds content positions across multiple next\ngeneration platforms and the companies see meaningful potential to deliver\ndifferentiated mission systems and platform solutions for next generation\nrequirements and programs.\n\nResonant operates approximately 105,000 square feet of engineering,\nintegration, testing and manufacturing space across seven buildings in the\nDayton, Ohio, area. An additional 125,000-square-foot facility is under\nconstruction, more than doubling its footprint and expanding capacity for RF\ntesting, advanced composites and large-scale machining. Resonant also has\nengineering and manufacturing facilities in Virginia, West Virginia, Michigan,\nColorado and North Carolina. Together with Joby’s 768,000 square feet of\nfacilities in Ohio, Resonant’s expanded campus will give the combined\ncompany approximately 1 million square feet of manufacturing, integration and\ntesting space across the Dayton region. This concentration of capabilities\nwill establish a major hub for advanced aviation and defense technology in the\nbirthplace of aviation, helping attract top-tier aerospace talent and industry\npartners to the region.\n\nTransaction Details\n\nThe transaction is expected to close in the first half of 2027, subject to\ncustomary closing conditions, including applicable regulatory reviews. Joby\nexpects to fund the transaction with approximately $450 million in cash and\n$50 million in Joby common stock. The price per share for the common stock\nconsideration was fixed at signing. Certain Resonant employee stockholders\nwill receive a portion of their consideration in shares of Joby common stock,\nretaining an ongoing economic interest in the combined company.\n\nA recorded message from JoeBen Bevirt, Joby’s founder and CEO, discussing\nthe transaction is available on demand through Joby’s investor relations\nwebsite at ir.jobyaviation.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fir.jobyaviation.com%2F&esheet=54587460&newsitemid=20260811636880&lan=en-US&anchor=ir.jobyaviation.com&index=1&md5=fe476446bb79b0d316c051826fe131f5)\n, along with a slide presentation with an overview of today’s news.\nAdditional perspective on the transaction is available in a blog post\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.jobyaviation.com%2Fnews%2Fbuilding-the-next-generation-of-aerospace&esheet=54587460&newsitemid=20260811636880&lan=en-US&anchor=blog+post&index=2&md5=3170eceea7c05b63375287a6ec270ebf)\n.\n\nAbout Joby Aviation\n\nJoby Aviation, Inc. (NYSE: JOBY) is a next-generation aviation company based\nin California, developing an all-electric, vertical take-off and landing air\ntaxi. Its aircraft, propulsion and autonomy technologies span both commercial\naviation and defense applications. Joby also operates Blade, a leading urban\nair mobility business providing passenger transportation services in the\nUnited States and Europe. Joby intends to operate its fast, quiet and\nconvenient air taxi service in cities around the world and sell its aircraft\nto other operators and partners. To learn more, visit www.jobyaviation.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.jobyaviation.com%2F&esheet=54587460&newsitemid=20260811636880&lan=en-US&anchor=www.jobyaviation.com&index=3&md5=0ea661314e8f59bd2d3f5ef8e4cc82bd)\n.\n\nAbout Resonant Sciences\n\nResonant Sciences is an integrated system supplier focused on radomes, antenna\ndesign and fabrication, custom electronic solutions/mission systems, RF/EO/IR\nmodeling, and measurements of materials, antennas, radomes, subsystems, and\nvehicles. The company supports US Government programs and the broader defense\nsupply chain.\n\nForward-Looking Statements\n\nThis release contains “forward-looking statements” within the meaning of\nthe “safe harbor” provisions of the Private Securities Litigation Reform\nAct of 1995, including but not limited to, statements regarding the expected\nintegration, benefits and opportunities of the acquisition of Resonant\nSciences; the potential timing and acquisition of Resonant Sciences; the\nreceipt of regulatory approvals and the satisfaction of other closing\nconditions for the acquisition of Resonant Sciences; the issuance of shares of\nour common stock as consideration in the acquisition of Resonant Sciences; our\ncurrent expectations relating to our business, financial condition, results of\noperations, prospects, capital needs and growth of our operations, including\nour use of cash; and expectations regarding the financial performance of\nResonant Sciences, including with respect to adjusted EBITDA, cash flows and\nEBITDA. You can identify forward-looking statements by the fact that they do\nnot relate strictly to historical or current facts. These statements may\ninclude words such as “anticipate”, “estimate”, “expect”,\n“project”, “plan”, “intend”, “believe”, “may”, “will”,\n“should”, “can have”, “likely” and other words and terms of\nsimilar meaning in connection with any discussion of the timing or nature of\nfuture operating or financial performance or other events. All forward-looking\nstatements are subject to risks and uncertainties that may cause actual\nresults to differ materially, including: risks associated with the potential\nfailure to satisfy any closing conditions for the acquisition of Resonant\nSciences; our ability to integrate Resonant Sciences’ business and team into\nour operations; and our ability to retain key personnel; our ability to\nrealize anticipated benefits of any combined operations; risks of\nunanticipated costs of acquiring or integrating Resonant Sciences’ business;\nthe potential impact of the announcement or consummation of the proposed\nacquisition on relationships with third parties, including employees,\ncustomers, partners and competitors; and other important factors discussed in\nthe section titled “Risk Factors” in our Annual Report on Form 10-K, filed\nwith the Securities and Exchange Commission (the “SEC”) on February 27,\n2026, our Quarterly Report on Form 10-Q filed with the SEC on May 5, 2026, and\nin future filings and other reports we file with or furnish to the SEC. Any\nsuch forward-looking statements represent management’s estimates and beliefs\nas of the date of this release. While we may elect to update such\nforward-looking statements at some point in the future, we disclaim any\nobligation to do so, even if subsequent events cause our views to change.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260811636880/en/\n(https://www.businesswire.com/news/home/20260811636880/en/)\n\nJoby Media: \n\npress@jobyaviation.com (mailto:press@jobyaviation.com)\n\nJoby Investors: \n\ninvestors@jobyaviation.com (mailto:investors@jobyaviation.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw94TT4La","title":"Joby Aviation to Scale Defense Business Through Acquisition of Resonant Sciences","author":"Business Wire","ticker":"JOBY","created":"2026-08-11T12:00:02.117Z","tickers":["JOBY"],"exchange":"NYSE","article_body":"Joby Aviation to Scale Defense Business Through Acquisition of Resonant\nSciences\n\n\n * Acquisition will significantly expand Joby’s defense business by adding a\nfast-growing company with established programs, classified capabilities and\nscaled manufacturing operations\n\n * Upon closing, Resonant will become Joby’s dedicated defense business,\ncontinuing its existing programs while expanding its portfolio to include\nJoby’s hybrid aircraft and autonomy technologies. Joby’s commercial\naircraft business will remain focused on its electric air taxi initiatives\n\n * Combination will create immediate opportunities to unite Joby’s dual-use\naircraft, propulsion and autonomy technologies with Resonant’s radio\nfrequency (RF), sensing and mission systems capabilities as well as its\nworld-leading expertise in low-observability aircraft design\n\n * Resonant delivered more than $100 million in trailing-twelve-month revenue,\nrepresenting approximately 40% year-over-year growth, alongside strong\nadjusted EBITDA generation, driven primarily by long-cycle programs with the\nU.S. government, prime contractors and next generation defense technology\nprograms\n\nJoby Aviation, Inc. (NYSE: JOBY) today announced that it has entered into a\ndefinitive agreement to acquire Resonant Sciences, a Dayton, Ohio-based\ndefense technology company, for approximately $500 million. The acquisition\nwill represent a significant expansion of Joby’s defense business,\ndelivering immediate scale through a rapidly growing and EBITDA-positive\nbusiness supporting active U.S. national security programs.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20260811636880/en/\n(https://www.businesswire.com/news/home/20260811636880/en/)\n\nJoby Aviation to acquire defense leader Resonant Sciences, creating a scaled\ndefense growth platform. (Credit: Joby Aviation & Resonant Sciences)\n\nResonant also brings classified infrastructure, qualified products,\nestablished production operations and longstanding customer relationships, as\nwell as a deeply experienced technical team. By bringing together the\ncompanies’ complementary aerospace engineering capabilities, the combination\nwill create a scaled defense growth platform that accelerates autonomy and\nexpands the applications for Joby’s technology.\n\nJoby’s Dedicated Defense Business Unit\n\nUpon closing, Resonant will become Joby’s dedicated defense business and\ncontinue to operate under the Resonant Sciences name, led by Co-Founder and\nCEO J. Micah North. Joby’s existing defense initiatives, which are built on\nmore than a decade of work with defense and intelligence customers, will be\nconsolidated within the new business unit. These include the development of\ndual-use turbine-electric and hydrogen-electric aircraft, as well as a\ndual-use autonomy technology stack. Housing this work within Resonant will\nallow Joby’s commercial aviation organization to maintain its primary focus\non certifying, manufacturing, and commercializing its electric air taxi.\n\nThe combination of Joby and Resonant is also expected to create significant\nopportunities in adjacent markets. An early focus is expected to be the\nintegration of Joby’s dual-use autonomy stack with Resonant’s Radio\nFrequency (RF) sensing and signal-processing capabilities, accelerating the\ndevelopment of software-defined autonomous systems for defense customers.\n\n“Resonant has built an exceptional business that combines advanced\ntechnology, vertically integrated production capabilities and deep customer\ntrust,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “The\ncombination will pair Resonant’s established capabilities with Joby’s\nglobally leading aircraft propulsion technologies, creating a powerful\nplatform for the next phase of Resonant’s growth. What makes this\ncombination especially compelling is how closely aligned our teams are. Having\nworked with Micah and his team for several years, we know that we share a\npassion for deep technical innovation, a bias toward solving hard problems\nfrom first principles and a vertically integrated approach that brings design,\nengineering, testing and production together under one roof.”\n\n“Demand for advanced defense technology is growing rapidly, and Resonant has\nbuilt the technology, customer relationships and manufacturing capabilities\nrequired to meet it,” said J. Micah North, Co-Founder and CEO of Resonant\nSciences. “Joining Joby gives our team access to additional engineering\ndepth, aircraft platforms, autonomy technology and production expertise,\nallowing us to move faster for our existing customers and pursue opportunities\nthat neither company could address alone,” he added. “Resonant’s name,\nleadership, people and commitments to our customers will remain in place. What\nchanges is the scale of what we can build and deliver.”\n\nA High-Growth Defense Business\n\nFounded in 2015, Resonant employs approximately 250 people and designs,\nmanufactures and delivers advanced RF and mission systems for U.S. national\nsecurity customers. The company is also a global leader in low-observability\ntechnologies, structures and subsystems, with established capabilities\nspanning advanced sensing, electronic countermeasures, communications and\nautonomous systems.\n\nThat leadership has translated into strong financial performance. Revenue\nincreased approximately 40% year over year to more than $100 million over the\nlast twelve months, and in recent periods the company has operated at\nhigh-teens adjusted EBITDA margins. Those margins are expected to expand as\nproduction volumes increase and recently awarded programs move into\nproduction.\n\nThis growth is supported by accelerating demand as U.S. defense investment\nincreases across Resonant's core markets. During the first half of 2026, the\ncompany secured more than three times the bookings recorded during the same\nperiod in 2025, with backlog more than doubling year over year.\n\n“Resonant is a fast-growing business with strong visibility into future\nrevenue, supported by a growing backlog and accelerating demand across its\ncore defense markets,” said Rodrigo Brumana, Chief Financial Officer of Joby\nAviation. \"It generates healthy adjusted EBITDA margins, and its technology,\ncustomer relationships and scaled manufacturing make it a strong strategic fit\nfor Joby as we build out our defense business.\"\n\nEstablished Programs and Production at Scale\n\nIn addition to commercial customers, Resonant sells directly to the U.S.\nGovernment and leading prime contractors supporting classified national\nsecurity initiatives and active U.S. defense programs of record. Resonant\nsupports sensitive and critical defense programs via its long-standing\nFacility Security Clearance (FCL) and accredited facilities, with more than 90\npercent of its team members holding security clearances, providing the cleared\ntechnical workforce and infrastructure required to execute sensitive programs\nat scale.\n\nBeyond developing RF hardware, Resonant performs end-to-end payload\nintegration and aircraft modification. Its electronics, apertures and radomes\nare qualified across more than 20 commercial and defense airframes.\n\nThe capabilities of the two companies are highly applicable to the defense\nsector’s next generation platforms, which reflect a broader shift in defense\npriorities toward autonomous, lower-cost aircraft, for which advanced sensing,\nelectronic countermeasures and resilient communications are central to mission\neffectiveness. Resonant already holds content positions across multiple next\ngeneration platforms and the companies see meaningful potential to deliver\ndifferentiated mission systems and platform solutions for next generation\nrequirements and programs.\n\nResonant operates approximately 105,000 square feet of engineering,\nintegration, testing and manufacturing space across seven buildings in the\nDayton, Ohio, area. An additional 125,000-square-foot facility is under\nconstruction, more than doubling its footprint and expanding capacity for RF\ntesting, advanced composites and large-scale machining. Resonant also has\nengineering and manufacturing facilities in Virginia, West Virginia, Michigan,\nColorado and North Carolina. Together with Joby’s 768,000 square feet of\nfacilities in Ohio, Resonant’s expanded campus will give the combined\ncompany approximately 1 million square feet of manufacturing, integration and\ntesting space across the Dayton region. This concentration of capabilities\nwill establish a major hub for advanced aviation and defense technology in the\nbirthplace of aviation, helping attract top-tier aerospace talent and industry\npartners to the region.\n\nTransaction Details\n\nThe transaction is expected to close in the first half of 2027, subject to\ncustomary closing conditions, including applicable regulatory reviews. Joby\nexpects to fund the transaction with approximately $450 million in cash and\n$50 million in Joby common stock. The price per share for the common stock\nconsideration was fixed at signing. Certain Resonant employee stockholders\nwill receive a portion of their consideration in shares of Joby common stock,\nretaining an ongoing economic interest in the combined company.\n\nA recorded message from JoeBen Bevirt, Joby’s founder and CEO, discussing\nthe transaction is available on demand through Joby’s investor relations\nwebsite at ir.jobyaviation.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fir.jobyaviation.com%2F&esheet=54587460&newsitemid=20260811636880&lan=en-US&anchor=ir.jobyaviation.com&index=1&md5=fe476446bb79b0d316c051826fe131f5)\n, along with a slide presentation with an overview of today’s news.\nAdditional perspective on the transaction is available in a blog post\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.jobyaviation.com%2Fnews%2Fbuilding-the-next-generation-of-aerospace&esheet=54587460&newsitemid=20260811636880&lan=en-US&anchor=blog+post&index=2&md5=3170eceea7c05b63375287a6ec270ebf)\n.\n\nAbout Joby Aviation\n\nJoby Aviation, Inc. (NYSE: JOBY) is a next-generation aviation company based\nin California, developing an all-electric, vertical take-off and landing air\ntaxi. Its aircraft, propulsion and autonomy technologies span both commercial\naviation and defense applications. Joby also operates Blade, a leading urban\nair mobility business providing passenger transportation services in the\nUnited States and Europe. Joby intends to operate its fast, quiet and\nconvenient air taxi service in cities around the world and sell its aircraft\nto other operators and partners. To learn more, visit www.jobyaviation.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.jobyaviation.com%2F&esheet=54587460&newsitemid=20260811636880&lan=en-US&anchor=www.jobyaviation.com&index=3&md5=0ea661314e8f59bd2d3f5ef8e4cc82bd)\n.\n\nAbout Resonant Sciences\n\nResonant Sciences is an integrated system supplier focused on radomes, antenna\ndesign and fabrication, custom electronic solutions/mission systems, RF/EO/IR\nmodeling, and measurements of materials, antennas, radomes, subsystems, and\nvehicles. The company supports US Government programs and the broader defense\nsupply chain.\n\nForward-Looking Statements\n\nThis release contains “forward-looking statements” within the meaning of\nthe “safe harbor” provisions of the Private Securities Litigation Reform\nAct of 1995, including but not limited to, statements regarding the expected\nintegration, benefits and opportunities of the acquisition of Resonant\nSciences; the potential timing and acquisition of Resonant Sciences; the\nreceipt of regulatory approvals and the satisfaction of other closing\nconditions for the acquisition of Resonant Sciences; the issuance of shares of\nour common stock as consideration in the acquisition of Resonant Sciences; our\ncurrent expectations relating to our business, financial condition, results of\noperations, prospects, capital needs and growth of our operations, including\nour use of cash; and expectations regarding the financial performance of\nResonant Sciences, including with respect to adjusted EBITDA, cash flows and\nEBITDA. You can identify forward-looking statements by the fact that they do\nnot relate strictly to historical or current facts. These statements may\ninclude words such as “anticipate”, “estimate”, “expect”,\n“project”, “plan”, “intend”, “believe”, “may”, “will”,\n“should”, “can have”, “likely” and other words and terms of\nsimilar meaning in connection with any discussion of the timing or nature of\nfuture operating or financial performance or other events. All forward-looking\nstatements are subject to risks and uncertainties that may cause actual\nresults to differ materially, including: risks associated with the potential\nfailure to satisfy any closing conditions for the acquisition of Resonant\nSciences; our ability to integrate Resonant Sciences’ business and team into\nour operations; and our ability to retain key personnel; our ability to\nrealize anticipated benefits of any combined operations; risks of\nunanticipated costs of acquiring or integrating Resonant Sciences’ business;\nthe potential impact of the announcement or consummation of the proposed\nacquisition on relationships with third parties, including employees,\ncustomers, partners and competitors; and other important factors discussed in\nthe section titled “Risk Factors” in our Annual Report on Form 10-K, filed\nwith the Securities and Exchange Commission (the “SEC”) on February 27,\n2026, our Quarterly Report on Form 10-Q filed with the SEC on May 5, 2026, and\nin future filings and other reports we file with or furnish to the SEC. Any\nsuch forward-looking statements represent management’s estimates and beliefs\nas of the date of this release. While we may elect to update such\nforward-looking statements at some point in the future, we disclaim any\nobligation to do so, even if subsequent events cause our views to change.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260811636880/en/\n(https://www.businesswire.com/news/home/20260811636880/en/)\n\nJoby Media: \n\npress@jobyaviation.com (mailto:press@jobyaviation.com)\n\nJoby Investors: \n\ninvestors@jobyaviation.com (mailto:investors@jobyaviation.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-08-11T12:00:02.672836808Z","server_sent_at_ms":1786449602672},"received_at":"2026-08-11T12:00:03.809Z","source_url":"https://www.businesswire.com/news/home/20260811636880/en/"},"analysis":null,"durationMs":null,"modelName":null}}