Luminati Aerospace Signs Supply Agreement

With Advanced Composites Leader

CALVERTON, N.Y. May 25, 2016 – Luminati Aerospace LLC announced today that it has signed a supply agreement with Hexcel Corporation – a global leader in developing advanced composites – that will improve the company’s access to innovative materials and technical support and further advance research and technology in the aerospace market.

With the agreement, Hexcel becomes the company’s sole supplier of composite materials and its material development partner to pursue advanced aerospace materials and systems that target high performance and multi-functional capabilities in future high altitude long-endurance airplane designs.

Daniel Preston, Luminati CEO and CTO, said, “We’re looking forward to working with Hexcel to serve the aerospace market with high-performance, innovative solutions. Together we will expand applied research for new materials and system solutions for next-generation aircraft.”

Hexcel Chairman, CEO and President Nick Stanage said, “We are excited to supply and collaborate with Luminati for leading-edge materials and out-of-the-box thinking around advanced materials that may enable future innovations in aerospace.”

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About Luminati

Founded in 2015, Luminati is an aerospace technology company focusing on research, development, testing, and manufacturing of next generation solar-electric unmanned aerial vehicles, or UAVs, at its facility located at the historic Calverton (EPCAL) airbase in Riverhead, New York. Luminati intends to be first to market with a stratospheric unmanned electric plane for communications.

About Hexcel

Hexcel Corporation is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defense and industrial applications such as wind turbine blades.