CubCrafters Inc. Achieves Key Milestones in 2022, Continuing Growth Since Inception

• CubCrafters is a producer of best-in-class backcountry aircraft made under the light sport, experimental, and FAA-certified (Part 23 certified) aircraft categories
• In 2022, the company achieved several milestones, including filing and receiving qualification for a public offering under the Regulation A+ exemption, marking the first time the company has opened to outside investment in its 42-year history
• The company aims to raise $50 million, channeling the proceeds from the offering toward accelerating manufacturing, enhancing manufacturing capabilities, furthering innovation, and improving customer service
• CubCrafters also released a new, improved engine for its Experimental aircraft
• In addition, CubCrafters announced its flagship XCub aircraft had been selected by the United States Department of Agriculture (“USDA”) for a new government aircraft-fleet-modernization contract

Though not new, backcountry aviation has exploded in the past 25 years, according to an article in the Plane&Pilot Magazine, driven in part by pilots’ need to fly their own aircraft for the rewards of the experience and adventure (https://ibn.fm/Zguzn). This growth has pushed demand for backcountry aircraft capable of taking off and landing on varied rough terrain or water, let alone well-groomed and paved runways.

For a backcountry aircraft manufacturer whose history spans more than 40 years, CubCrafters has witnessed firsthand the explosion of the industry. And to quench aviation enthusiasts’ ever-growing desire for backcountry and light aircraft, the Yakima, Washington-based company has been growing…

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NOTE TO INVESTORS: The latest news and updates relating to CubCrafters Inc. are available in the company’s newsroom at https://ibn.fm/CUB

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