• First of two next-generation CAE simulators is complete and is preparing for installation at Joby’s Marina, California pilot training facility
• •Simulators leverage CAE’s Prodigy Image Generator to provide a high-fidelity, hyper-realistic environment for pilot training and are central to the FAA qualification process
• •Simulators will have the capacity to train up to 250 pilots a year, marking an important step in commercial market readiness
• •Years-long development secures Joby’s leadership in certifiable training infrastructure for air taxis

Santa Cruz, CA– January 6, 2025 – Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has accepted the first of two flight simulators developed in partnership with CAE (NYSE:CAE) (TSX:CAE), a global leader in pilot training. The simulators, scheduled to be qualified amongst the highest Federal Aviation Administration (FAA) classifications for flight simulation, provide the ultra-realistic environment required for commercial single-pilot eVTOL operations and are equipped with the same simulation technology used to train pilots for the world’s leading airlines.

“These simulators are central to the FAA certification process and are being delivered on time to support pilot training ahead of Joby’s first commercial flights planned for this year,” said Bonny Simi, President of Operations for Joby. “Developing flight simulators that are fully qualified by the FAA takes years of work and access to aircraft data, and it is required for Part 135 operations of eVTOL aircraft in the United States. Having started this multi-year process with CAE in 2022, Joby is progressing in developing qualified, scalable pilot training infrastructure as we near commercial operations.”

“CAE is proud to partner with Joby to bring world-class simulation technology to the emerging eVTOL market. These simulators set a new benchmark for training infrastructure in urban air mobility,“ said Alexandre Prévost, President of Civil Aviation at CAE. “By leveraging decades of expertise in high-fidelity simulation, we are helping Joby prepare pilots for safe, efficient operations and supporting the industry’s transition to sustainable air transportation.”