Daily Archives: February 25, 2021

GCHQs director has said artificial intelligence software could have a profound impact on the way it operates, from spotting otherwise missed clues to thwart terror plots to better identifying the sources of fake news and computer viruses.

Jeremy Flemings remarks came as the spy agency prepared to publish a rare paper on Thursday defending its use of machine-learning technology to placate critics concerned about its bulk surveillance activities.

AI, like so many technologies, offers great promise for society, prosperity and security. Its impact on GCHQ is equally profound, he said. While this unprecedented technological evolution comes with great opportunity, it also poses significant ethical challenges for all of society, including GCHQ.

AI is considered controversial because it relies on computer algorithms to make decisions based on patterns found in data. It is used alongside human analysts in investigations.

GCHQ will not formally say exactly how it uses AI software or which data it analyses, but it relies in part on monitoring peoples phone and messaging data and watching social media profiles.

But the agency, which is based in Cheltenham, recognises that it needs to engage better with the public after the Snowden disclosures highlighted the scale of its mass surveillance nearly a decade ago.

Key figures at GCHQ believe AI is able to point MI5 and counter-terrorism police to missed clues in identifying potentially deadly threats as part of what insiders said would amount to a step change in its operation.

The agency also indicated that AI could, in theory, help to better identify sources of fake news or spot deep fake images, which come typically from Russia, and more quickly spot and trace malicious virus software that often emerges from China or North Korea.

It could also support the National Crime Agency analyse billions of child abuse images, searching for hidden evidence of digital image manipulation and so minimising the amount of time human investigators have to spend examining shocking content.

Using algorithms to investigate and monitor individuals has generated controversy in some areas of law enforcement. There are concerns, for example, that tools such as facial recognition software have exhibited a race bias when previously tested. It also emerged earlier this month that German police want to be able to create fake computer-generated images in sting operations against paedophiles.

Daragh Murray, a senior lecturer at the human rights centre and school of law at the University of Essex, said the problem for intelligence agencies such as GCHQ was that it was unclear what was ruled in and ruled out.

The difficulty with ethical frameworks, and we have seen this consistently across the tech sector, is that they are notoriously imprecise. They do not establish concrete obligations, he said.

One expert who has worked closely with GCHQ said AI was better suited to augmenting the analytic process by analysing large datasets and passing on the results to human investigators.

Alexander Babuta, a research fellow with the Royal United Services Institute, said GCHQs problem was making sense of the vast volumes of data that it collects.

The challenge is filtering it and triaging it to a manageable level so human analysts can make sense of it. That is a time-consuming and resource-intensive process, but it could also be less intrusive because the data is being handled by machines, not people, he said.

But there are limitations to the power of the technology. GCHQ does not believe it is yet possible to predict when someone has been radicalised to the point where they might commit a terrorism offence, a technology that carries echoes of the film Minority Report, in which people are arrested pre-crime.

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AI could have profound effect on way GCHQ works, says director - The Guardian

WILMINGTON, Mass.--(BUSINESS WIRE)--Analog Devices, Inc. (Nasdaq: ADI) has collaborated with the University of Limerick (UL) and other prominent companies, including economic infrastructure technology leader Stripe, to launch a world-leading computer science program called Immersive Software Engineering (ISE). Given increased demand for developer talent globally and rapid growth of the internet economy, ISE is designed to revolutionize the way computer science is taught, creating industry experienced software professionals to drive greater business impact. As part of the research start-up aspect of this UL initiative, ADI will fund experimental development and research with the aim of developing new software processes and services.

ADI is committed to increasing the impact of software advancements across industries and we are uniquely positioned to do this as the bridge between the physical and digital worlds, said Vincent Roche, President and CEO of ADI. We understand the vital need for programs such as ISE in training software engineers of the future.

Through the ISE program, students will be able to take advantage of the resources offered at ADI Catalyst, a hands-on, incubator-like R&D facility in Limerick, Ireland, focused on forming new communities, creating living labs and developing breakthrough technologies such as artificial intelligence, robotics and sustainable applications. ADI Catalyst serves as a collaboration center that uses a true partnership approach to help customers resolve the challenges they face at an accelerated pace. It provides a unique setting for customers and research organizations to interact with ADI and solve problems together in a single collaborative environment. Limerick is also home to Analog Devices European Research and Development Center, which has a long-standing reputation for developing cutting-edge technology.

John Collison, Co-Founder and President of Stripe, said: Software engineers enjoy incredible careers solving some of the worlds most important problems in the fastest growing industries, yet we have nowhere near enough of them. Immersive Software Engineering seeks to provide a great path for more secondary students (especially young women) into technology.

Leveraging an ecosystem of well-respected organizations, such as ADI, UL, Stripe, and other industry leaders, will bring the ISE program to life for students while providing employment opportunities to its graduates. ISE consists of a three-year intensive undergraduate program with an integrated fourth year at the masters level. Industry residencies where students gain in-company experience will account for nearly half of the total program, enabling them to acquire necessary skills in real-world settings alongside instructors. The first students are expected to enroll in the ISE program in September 2022.

University of Limerick President, Professor Kerstin Mey said, Analog Devices is one of our most committed, generous and long-term collaborators, and I am delighted to have the company join us in this exciting new initiative. We welcome the opportunity to work with ADI to reshape how tomorrows software engineers will be educated in such a significant way.

Analog Devices is leveraging its unique domain application expertise in the form of what matters at the end use and providing the biggest impact to the businesses of customers. ADI advancements in software are having a significant influence on how customers adopt and use its solutions.

About Analog Devices, Inc.

Analog Devices (Nasdaq: ADI) is a leading global high-performance analog technology company dedicated to solving the toughest engineering challenges. We enable our customers to interpret the world around us by intelligently bridging the physical and digital with unmatched technologies that sense, measure, power, connect and interpret. Visit http://www.analog.com

About Stripe

Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every sizefrom new start-ups to public companies like Salesforce and Facebookuse the company's software to accept online payments and run technically sophisticated financial operations in more than 100 countries. Stripe helps new companies get started and grow their revenues, and established businesses accelerate into new markets and launch new business models. Over the long term, Stripe aims to increase the GDP of the internet.

About University of Limerick

The University of Limerick is an independent, internationally focused university with 16,500 students and 1,700 staff. It is a young, energetic and enterprising university with a proud record of innovation in education and excellence in research and scholarship. More information is available at http://www.ul.ie.

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Analog Devices, University of Limerick and Stripe Collaborate to Leverage Software Technology for the Transformation of Engineering Education -...

New York, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Adhesive Tapes Market Research Report by Resin Type, by Technology, by Backing Material, by Category, by End-use Industry - Global Forecast to 2025 - Cumulative Impact of COVID-19" - https://www.reportlinker.com/p06028024/?utm_source=GNW

Market Statistics:The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. This helps organization leaders make better decisions when currency exchange data is readily available.

1. The Global Adhesive Tapes Market is expected to grow from USD 53,698.12 Million in 2020 to USD 69,492.43 Million by the end of 2025.2. The Global Adhesive Tapes Market is expected to grow from EUR 47,083.53 Million in 2020 to EUR 60,932.28 Million by the end of 2025.3. The Global Adhesive Tapes Market is expected to grow from GBP 41,857.36 Million in 2020 to GBP 54,168.93 Million by the end of 2025.4. The Global Adhesive Tapes Market is expected to grow from JPY 5,730,950.11 Million in 2020 to JPY 7,416,603.21 Million by the end of 2025.5. The Global Adhesive Tapes Market is expected to grow from AUD 77,976.81 Million in 2020 to AUD 100,912.25 Million by the end of 2025.

Market Segmentation & Coverage:This research report categorizes the Adhesive Tapes to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Resin Type, the Adhesive Tapes Market studied across Acrylic-based Adhesive Tapes, Rubber-based Adhesive Tapes, and Silicone-based Adhesive Tapes.

Based on Technology , the Adhesive Tapes Market studied across Hot-melt Based, Solvent-based, and Water-based.

Based on Backing Material, the Adhesive Tapes Market studied across Paper, Polypropylene, and Polyvinyl Chloride.

Based on Category, the Adhesive Tapes Market studied across Commodity Adhesive Tapes and Specialty Adhesive Tapes.

Based on End-use Industry, the Adhesive Tapes Market studied across Commodity Adhesive Tapes and Specialty Adhesive Tapes. The Commodity Adhesive Tapes further studied across Consumer & Office, Masking, and Packaging. The Specialty Adhesive Tapes further studied across Automotive, Building & Construction, Electrical & Electronics, Healthcare, Paper & Printing, Retail, and White Goods.

Based on Geography, the Adhesive Tapes Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Company Usability Profiles:The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Adhesive Tapes Market including 3M Company, Adhesives Research, Inc., Adirondack Specialty Adhesives, Advance Tapes International, Ajit Industries, American Biltrite Inc., Avery Dennison Corporation, Berry Global Inc., Boston Tapes Commercial Srl, Bregal Unternehmerkapital GmbH, Coating & Converting Technologies, Inc., Compagnie de Saint-Gobain S.A., DermaMed Coatings Company, LLC, ECHOtape, Intertape Polymer Group, Inc., Lintec Corporation, Lohmann GmbH & Co.KG, Nichiban Co. Ltd., ORAFOL Europe GmbH, Ppi Adhesive Products (C.E) S.R.O, Rogers Corporation, Scapa Group PLC, Shurtape Technologies LLC, Teraoka Seisakusho Co., Ltd., Tesa SE, and Yem Chio Co. Ltd.

Cumulative Impact of COVID-19:COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.

FPNV Positioning Matrix:The FPNV Positioning Matrix evaluates and categorizes the vendors in the Adhesive Tapes Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Competitive Strategic Window:The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.

The report provides insights on the following pointers:1. Market Penetration: Provides comprehensive information on the market offered by the key players2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments

The report answers questions such as:1. What is the market size and forecast of the Global Adhesive Tapes Market?2. What are the inhibiting factors and impact of COVID-19 shaping the Global Adhesive Tapes Market during the forecast period?3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Adhesive Tapes Market?4. What is the competitive strategic window for opportunities in the Global Adhesive Tapes Market?5. What are the technology trends and regulatory frameworks in the Global Adhesive Tapes Market?6. What are the modes and strategic moves considered suitable for entering the Global Adhesive Tapes Market?Read the full report: https://www.reportlinker.com/p06028024/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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Adhesive Tapes Market Research Report by Resin Type, by Technology, by Backing Material, by Category, by End-use Industry - Global Forecast to 2025 -...

CENTENNIAL, Colo.--(BUSINESS WIRE)--NUBURU, a leading Blue Laser company, today announced the formation of its Advisory Board. The founding members will bring global expertise across battery and e-mobility, consumer electronics, 3C and defense to guide NUBURUs business and product development.

The advisory board will lend strategic insight that will enable NUBURU to better understand and support its customers and strengthen its market position. The founding members include:

We are thrilled to welcome this group of esteemed thought leaders to the NUBURU team, said Dr. Guy Gilliland, CEO of NUBURU. The understanding of market trends and customer perspectives will be key in enhancing our market approach and strategic direction moving forward.

To learn more about NUBURU, please visit https://nuburu.net/

About NUBURU

Founded in 2015, NUBURU develops and manufactures high-power, high-brightness industrial blue lasers that have transformed metal machining, ushering in an era of high-speed, quality processing across a wide range of rapidly growing industrial sectors. Leveraging the fundamental physics of blue light and proprietary design features, NUBURU lasers bring new efficiencies to existing applications and open up entirely new applications.

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NUBURU Establishes Advisory Board of Seasoned Technology Experts - Business Wire

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation (Joby or the Company), a transportation company developing an all-electric, vertical take-off and landing aircraft that it intends to operate as a commercial passenger aircraft beginning in 2024, has entered into a definitive business combination agreement with Reinvent Technology Partners (Reinvent or RTP) (NYSE:RTP), a special purpose acquisition company that takes a venture capital at scale approach to partnering with bold leaders and companies. Upon the closing of the transaction, the combined company will be named Joby Aviation, and become publicly traded, with its common stock expected to be listed on the New York Stock Exchange.

With more than 1,000 test flights completed over the last 10 years, Joby Aviation has secured a substantial first-mover advantage in the aerial ridesharing industry. In 2020, the Company became the first to agree to a certification basis for an electric vertical takeoff and landing (eVTOL) aircraft with the Federal Aviation Administration (FAA) and in the same year received the U.S. Air Forces first ever airworthiness approval for an eVTOL aircraft.

The Company intends to revolutionize how people move by unlocking the possibility to leapfrog sustainably over the gridlock below in its piloted, four-passenger, emissions free aircraft, which can travel up to 150 miles at speeds up to 200 miles per hour.

The proceeds from this transaction are expected to fund the business through the start of commercial operations, including certification of the aircraft and development of manufacturing facilities.

Management Comments

JoeBen Bevirt, Founder and CEO of Joby Aviation, said:

For the last decade, we have been laser-focused on one task - developing the best possible technology for this market.

But our long-term vision has always been to build a global passenger service, helping a billion people to save an hour every day, while contributing to the protection of our precious planet.

Todays transaction lets us look ahead to the next decade and provides us with the resources we need to bring our vision to life.

Since our very first meeting it was clear that Reinvent shared our fundamental desire to have a positive, long-term impact on the world and we couldnt be more excited to welcome them onboard.

Paul Sciarra, Executive Chairman of Joby Aviation, said:

While traveling is central to human existence, its often painfully inefficient and is only getting worse.

By rethinking how air travel is delivered, we can open up new ways of moving around congested cities and under-served rural communities, helping to tackle congestion and climate change at the same time.

Aerial ridesharing will drive a generational shift in how we travel this century, just as the railroad and the jet aircraft did in previous centuries.

Reid Hoffman, LinkedIn Co-Founder and Co-Lead Director of Reinvent Technology Partners, who will join the combined company Board of Directors, said:

Reinvent invests in world-class founders and teams who are developing industry-leading products and services that have the potential to impact millions of lives.

In Joby we see a remarkable founder-led team that has quietly delivered the most advanced technology weve seen in this sector.

With valuable strategic partnerships including Toyota and Uber, a compelling business model and an unparalleled track-record of executing against its targets, we believe Joby is well-positioned to create a transformative new human-centered mobility network.

Through our venture capital at scale approach, we are committed to Jobys long-term success as it continues on its journey to revolutionize commutes and drive decades of innovation in human movement.

Delivering the Future of Sustainable Transport

Joby Aviation plans to launch commercial operations in the United States in 2024, before scaling its service globally. Air taxi networks can be scaled rapidly and efficiently using existing heliport or airport infrastructure, with the number of routes in a network growing exponentially as new vertiports are introduced.

Jobys aircraft has been specifically designed to achieve cost-effective manufacturing and operations, allowing the Company to offer affordable flights at scale, democratizing air travel and transforming human networks. The market opportunity for aerial mobility has been estimated at $500+ billion for the United States, while the total addressable global market is expected to exceed $1 trillion.1

In 2020, Toyota Motor Corporation led Jobys $620 million Series C round, forming a strategic partnership that sees Toyota engineers working shoulder-to-shoulder with Joby on projects such as factory layout and manufacturing process development.

Joby Aviation also recently finalized the terms of an enhanced relationship with Uber Technologies, Inc. that sets Joby apart in terms of commercial readiness. Under the agreement, the companies will integrate their respective services into each others apps, enabling future customers to enjoy seamless multi-modal travel. Joby also acquired Uber Elevate, a division of Uber focused on the aerial ridesharing market. The acquisition included key personnel and a suite of software tools focused on multi-modal operations management and demand simulation, fed by Ubers data.

In December 2020, the U.S. Air Force granted Joby Aviation its first ever airworthiness approval for an eVTOL aircraft as part of its Agility Prime program, designed to accelerate the commercial adoption of electric aviation.

Earlier this month, Joby announced that it had agreed to a G-1 certification basis for its aircraft with the Federal Aviation Administration. Formalized in 2020, the agreement specifies the requirements that need to be met by Jobys aircraft for it to be certified for commercial operations. Joby is the first eVTOL aircraft to have achieved this milestone, marking a watershed moment for the industry and providing a clearly defined path for the certification of its aircraft.

Construction is expected to begin on a 450,000 square foot manufacturing facility, designed in conjunction with Toyota, later this year.

The film shows the aircraft taking off vertically before transitioning to forward flight and then landing vertically. Click here to view the footage and here to download the footage.

Transaction Overview

The pro forma implied market capitalization of the combined company is $6.6 billion, at the $10.00 per share PIPE subscription price and assuming no public shareholders of Reinvent exercise their redemption rights. The Company will receive at the time of transaction close up to $690 million in proceeds from Reinvents cash in trust and an $835 million private placement of common stock at a $10.00 per share value and will also convert a $75 million convertible note into common stock at a $10.00 per share value. The private placement is led by strategic and institutional investors including The Baupost Group, funds and accounts managed by BlackRock, Fidelity Management & Research LLC and Baillie Gifford. Existing Joby shareholders have agreed to roll 100% of their equity into the new company and will remain majority owners of the combined company at closing. All references to cash on the balance sheet, available cash from the trust account and retained transaction proceeds are subject to any redemptions by the public shareholders of RTP and payment of transaction expenses.

Joby and Reinvent have developed an unprecedented structure providing for significant long-term alignment. Both parties have agreed to a long-term lock-up on founder shares for up to five years, and a robust earnout structure with full vesting not realized until the share price reaches $50 per share (implying over a $30 billion market capitalization). Major stockholders and key executives of Joby have agreed to enter into separate lockup agreements as well.

The boards of directors of both Reinvent and Joby have unanimously approved the transaction, which is expected to close by the end of the second quarter of 2021. The transaction remains subject to Reinvent shareholder approval and other customary closing conditions.

Additional information about the proposed transaction will be provided in a Current Report on Form 8-K to be filed by Reinvent today with the Securities and Exchange Commission and available at http://www.sec.gov.

A more detailed description of the transaction terms and copies of the key transaction agreements will be included in a current report on Form 8-K to be filed by Reinvent with the SEC.

Advisors

Skadden, Arps, Slate, Meagher & Flom LLP, served as legal advisor to Reinvent. Morgan Stanley & Co. LLC and Allen & Company LLC served as placement agents on the PIPE transaction. Latham & Watkins LLP served as legal advisor and Morgan Stanley & Co. LLC and Allen & Company LLC served as financial advisors to Joby.

Conference Call, Webcast and Presentation Information

Management of Joby and RTP will host an investor call on February 24, 2021 at 8:00 A.M. ET to discuss the proposed transaction. The conference call will be accompanied by a detailed investor presentation.

A live webcast of the call will be available here, and can also be accessed on the Joby website here and RTPs website here. For those who wish to participate by telephone, please dial 1-877-407-3982 (U.S.) or 1-201-493-6780 (International) and reference the Conference ID 13716595. A replay of the call will also be available via webcast here and on the Joby website here.

In addition, RTP will file an investor presentation with the SEC as an exhibit to a Current Report on Form 8-K prior to the call, which will be available on the SECs website at http://www.sec.gov.

All materials can also be found on the Joby website at jobyaviation.com/investor-relations/ and at https://a.reinventtechnologypartners.com/investor-relations.

About Joby Aviation

Joby Aviation is a California headquartered transportation company developing an all-electric vertical takeoff and landing aircraft which it intends to operate as a fast, quiet, and affordable air taxi service beginning in 2024. The zero emissions aircraft, which is quiet at takeoff and near silent when flying overhead, can transport four passengers and a pilot up to 150 miles on a single charge and can cruise at 200 mph. It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transit. Founded in 2009, Joby employs more than 700 people, with offices in Santa Cruz, San Carlos, and Marina, California, as well as Washington D.C. and Munich, Germany. To learn more, visit http://www.jobyaviation.com

About Reinvent Technology Partners

Reinvent Technology Partners is a newly formed special purpose acquisition company led by Reid Hoffman, Mark Pincus and Michael Thompson, that takes a venture capital at scale approach to partnering with bold leaders and companies. RTP will support a technology business to innovate and achieve entrepreneurship at scale by leveraging its teams operating expertise as founders of iconic technology companies, their experience building companies as advisors and board members, and the capital raised in its initial public offering.

Important Information for Investors and Stockholders

This Press Release relates to a proposed transaction between RTP and Joby Aviation. This Press Release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. RTP intends to file a registration statement on Form S-4 with the SEC, which will include a document that serves as a prospectus and proxy statement of RTP, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all RTP shareholders. RTP also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of RTP are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by RTP through the website maintained by the SEC at http://www.sec.gov.

The documents filed by RTP with the SEC also may be obtained free of charge at RTPs website at https://www.reinventtechnologypartners.com or upon written request to 215 Park Avenue, Floor 11 New York, NY.

Participants in the Solicitation

RTP and Joby Aviation and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from RTPs shareholders in connection with the proposed transaction. A list of the names of the directors and executive officers of RTP and information regarding their interests in the business combination will be contained in the proxy statement/prospectus when available. You may obtain free copies of these documents as described in the preceding paragraph.

Forward Looking Statements

This Press Release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between RTP and Joby Aviation. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this Press Release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of RTPs securities, (ii) the risk that the transaction may not be completed by RTPs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by RTP, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Agreement and Plan of Merger, dated as of February 23, 2021 (the Merger Agreement), by and among RTP, Joby Aero, Inc. and RTP Merger Sub Inc., a Delaware corporation and a direct wholly owned subsidiary of RTP, by the shareholders of RTP, the satisfaction of the minimum trust account amount following redemptions by RTPs public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the transaction, (v) the inability to complete the PIPE investment in connection with the transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on Joby Aviations business relationships, operating results and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Joby Aviation and potential difficulties in Joby Aviation employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against Joby Aviation or against RTP related to the Merger Agreement or the transaction, (x) the ability to maintain the listing of RTPs securities on a national securities exchange, (xi) the price of RTPs securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which RTP plans to operate or Joby Aviation operates, variations in operating performance across competitors, changes in laws and regulations affecting RTPs or Joby Aviations business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the transaction, and identify and realize additional opportunities, and (xiii) the risk of downturns and a changing regulatory landscape in the highly competitive aviation industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors section of RTPs registration on Form S-1 (File No. 333-248497), the registration statement on Form S-4 discussed above and other documents filed by RTP from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and RTP and Joby Aviation assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither RTP nor Joby Aviation gives any assurance that either RTP or Joby Aviation or the combined company will achieve its expectations.

1ps://www.nasa.gov/sites/default/files/atoms/files/bah-uam-executive-briefing-to-post.pdf

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Joby Aviation to List on NYSE Through Merger With Reinvent Technology Partners - Business Wire