Astro Aerospace Appoints Former GE Capital IT Solutions North America CFO, Patricia Trompeter to Board of Directors
March 10 2021 - 12:23PM
InvestorsHub NewsWire
Dallas, Texas -- InvestorsHub NewsWire -- March 10,
2021 - Astro Aerospace (OTCQB: ASDN) ("Company" or "Astro"), a global leader
in electric vertical take-off and landing (eVTOL) aerial vehicles
and drones, announced today that it has appointed Patricia
Trompeter, M&A and financial expert, to its Board of Directors.
Ms. Trompeter will serve on the Audit Committees. This board
appointment brings Astro's total board membership to 2 Board
Members.
Ms. Trompeter brings more than 16 years of experience in mergers
and acquisitions and over 15 years in financial management to
Astro's Board. Ms. Trompeter held a variety of executive positions
at GE Capital including CFO, Controller, Operations Leader, Quality
Leader, and Mergers & Acquisitions. She was integral in GE
Capital's successful acquisition of Guinness Peat Aviation, which
contributes to the more than $17 Billion of acquisitions she has
completed. Ms. Trompeter's experience at GE gave her a breadth of
knowledge in the Aviation Industry from aircraft engines to
spending a significant amount of time in GE Capital Aviation
Services (GECAS).
After leaving GE, Ms. Trompeter took a short break to focus in
the non-profit sector and on family. In 2019, she returned to the
venture capital sector as Co-Founder of Webbs Hill
Partners, an
independent investment and advisory firm growing innovative
technologies in emerging markets. She is also the Founder of a new
venture, Ceres Capital Holdings.
Ms. Trompeter commented, "Astro is a trailblazer in the eVTOL
market with one of the safest and most efficient eVTOLs in the
world. Our planet's urban centers are in desperate need of
sustainable and efficient transport solutions to support growing
populations and congestion. Over sixteen percent of all global
greenhouse gas emissions are from transport, and Astro's technology
is the aerial advancement we need to create positive l
environmental change."
Ms. Trompeter joining Astro's Board comes at an opportune time
as the Company anticipates significant growth in the eVTOL sector.
On February 18th Astro announced
it had entered into a binding agreement to acquire Horizon Aircraft
Inc., creator of the world's first eVTOL that flies
exactly like a conventional aircraft for the majority of its
mission.
Astro CEO, Bruce Bent said, "Patricia's many years of executive
experience in acquisition integration, corporate strategy
development and financial management will be extremely beneficial
as we enter this new chapter with Horizon. Our combined
technologies are entering an eVTOL aircraft market projected to hit
$87.64 Billion by 2026, and Patricia's deep knowledge of growing
disruptive technologies in emerging markets will be an asset to the
Company."
Ms. Trompeter is a graduate of Business Administration from
Marquette University majoring in Finance & Economics.
About Astro Aerospace
Astro Aerospace is the developer of the world's most advanced,
autonomous, short haul, eVTOL (Electric Vertical Takeoff and
Landing) aerial vehicles.
Our mission is to make self-flying unmanned and manned vehicles
available to anyone, at anytime, from anywhere, and to turn this
new and exciting aircraft into a mainstream mode of
transportation.
Our vision is "Flight Made Easy".
Visit www.flyastro.com for more information.
Forward-Looking Statements
All statements other than statements of historical facts contained
in this press release are "forward-looking statements," which may
often, but not always, be identified by the use of such words as
"may," "might," "will," "will likely result," "would," "should,"
"estimate," "plan," "project," "forecast," "intend," "expect,"
"anticipate," "believe," "seek," "continue," "target" or the
negative of such terms or other similar expressions. These
statements involve known and unknown risks, uncertainties and other
factors, which may cause actual results, performance or
achievements to differ materially from those expressed or implied
by such statements, including: the Company's reliance on one key
customer for a substantial percentage of its revenue; the Company's
ability to consummate any proposed financing, acquisition or
transaction, the timing of the closing of such proposed event,
including the risks that a condition to closing would not be
satisfied within the expected timeframe or at all, or that the
closing of any proposed financing, acquisition or transaction will
not occur or whether any such event will enhance
shareholder value; the Company's ability to continue as a
going concern; the Company's ability to attract, maintain and
increase the number of its customers; the Company's ability to
maintain compliance with certain financial and other covenants; the
Company successfully implementing its growth strategy; management's
relationships with industry stakeholders; the effects of the global
Covid-19 pandemic; changes in economic conditions; competition;
risks and uncertainties applicable to the businesses of the
Company's subsidiaries; and other risks, uncertainties and factors.
These forward-looking statements speak only as of the date hereof
and the Company disclaims any obligations to update these
statements, except as may be required by law. The Company intends
that all forward-looking statements be subject to the safe-harbor
provisions of the Private Securities Litigation Reform Act of
1995
For inquiries contact: Mike@flyastro.com.
Astro Aerospace Ltd
320 W. Main Street
Lewisville, TX 75057
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