8-K: World Scan Project Unveils eVTOL, AI Computing Platform

World Scan Project, Inc. announced the public unveiling of its STAR WALKERS eVTOL and ZEXA CLUSTER AI computing platform in Taiwan.

Summary

• World Scan Project Corporation (Tokyo), a subsidiary, publicly unveiled two new products on October 16, 2025, during a corporate event in Taiwan.
• The STAR WALKERS eVTOL is a full-scale physical prototype of an all-electric, single-passenger vertical takeoff and landing vehicle designed for personal air mobility.
• Planned specifications for STAR WALKERS include a maximum takeoff weight of 246 kg, a cruising range of approximately 10-14 km, and a flight time of 8-16 minutes.
• The eVTOL prototype incorporates automated safety features such as obstacle avoidance, automatic landing, and emergency stop capabilities.
• The company is now accepting non-binding, fully refundable pre-orders for STAR WALKERS, with anticipated deliveries in 2027, subject to regulatory approvals, certification, and order volume.
• The ZEXA CLUSTER is an immersion-cooled computing platform designed for artificial intelligence workloads, utilizing commonly available water sources for efficient heat management.
• The ZEXA CLUSTER system is designed to support modular, scalable AI workloads with potential applications for enterprise and distributed computing environments.

Sentiment

Score: 7

Explanation: The unveiling of two innovative products, especially an eVTOL and an AI computing platform, is a significant positive development. The acceptance of pre-orders for the eVTOL indicates initial market interest. However, the inherent risks associated with product development, regulatory approvals, and commercialization, particularly for an eVTOL, temper the overall sentiment.

Positives

• Successful public unveiling of two innovative products: STAR WALKERS eVTOL and ZEXA CLUSTER AI computing platform.
• STAR WALKERS represents a forward-looking vision for personal air mobility, incorporating automated safety features.
• Acceptance of non-binding, fully refundable pre-orders for STAR WALKERS indicates initial market interest and engagement.
• ZEXA CLUSTER addresses increasing performance and sustainability demands in artificial intelligence with an efficient, immersion-cooled design.
• The ZEXA CLUSTER's design to use commonly available water sources could simplify deployment and reduce operational costs.

Risks

• Ability to complete development and validation for both STAR WALKERS and ZEXA CLUSTER.
• Ability to achieve technical feasibility for both products.
• Establishing reliable manufacturing and supply capabilities for both products.
• Obtaining necessary regulatory or compliance approvals for both products.
• Realizing market acceptance for the products.
• Successfully bringing products to market.
• For STAR WALKERS, the prototype is for display purposes only, and there is no assurance that any commercial product will include all safety features shown or perform as intended.
• Estimated delivery dates for STAR WALKERS may change based on order volume, certification progress, regulatory approvals, or other factors, and deliveries may extend beyond 2028.
• There can be no assurance that a commercially available version of STAR WALKERS will ever be produced or made available to the public, as outcomes may be affected by changes in laws or regulations, technical feasibility, safety considerations, market conditions, or unforeseen factors.
• For ZEXA CLUSTER, actual commercial versions may differ materially from the prototype or the company's current specifications.
• The success, performance, and deployment of ZEXA CLUSTER are subject to testing, validation, manufacturing readiness, and applicable compliance requirements.

Future Outlook

The company anticipates STAR WALKERS eVTOL deliveries to begin in 2027, contingent on regulatory approvals and certification. The ZEXA CLUSTER is expected to support modular, scalable AI workloads for enterprise and distributed computing, pending successful validation and manufacturing readiness. Both products' commercialization and performance are subject to various technical, regulatory, and market factors, with potential for delivery dates to extend beyond 2028 for STAR WALKERS.

Management Comments

• Management believes the automated safety features in STAR WALKERS may contribute to safety and usability.

Industry Context

The unveiling of STAR WALKERS positions World Scan Project in the rapidly evolving urban air mobility (UAM) market, a sector attracting significant investment and regulatory attention globally. The ZEXA CLUSTER addresses the growing demand for high-performance, energy-efficient computing solutions critical for advancing AI, a trend driven by increasing data processing needs across industries and the push for sustainable data center operations.

Comparison to Industry Standards

• **eVTOL (STAR WALKERS)**: The single-occupant STAR WALKERS eVTOL, with its 10-14 km range and 50-60 km/h speed, appears to target a niche in personal, short-range mobility. This contrasts with leading competitors like Joby Aviation and Archer Aviation, which are developing multi-passenger eVTOLs for air taxi services, often with significantly longer ranges (e.g., Joby's 240 km) and higher speeds (e.g., 200+ km/h). EHang in China also offers single-passenger autonomous eVTOLs, but STAR WALKERS' specific design and performance metrics suggest a focus on very localized, short-duration flights.
• **Immersion Cooling for AI (ZEXA CLUSTER)**: The ZEXA CLUSTER's immersion-cooled computing platform for AI aligns with industry trends towards more efficient data center cooling. Companies such as Submer, Green Revolution Cooling (GRC), and Iceotope are established players offering similar solutions that reduce energy consumption and improve cooling efficiency. A potential differentiator for ZEXA CLUSTER is its design to use 'commonly available water sources,' which could simplify deployment and potentially lower operational barriers compared to systems requiring specialized dielectric fluids.

Stakeholder Impact

• **Shareholders**: Potential for increased valuation due to new product lines and entry into high-growth markets (eVTOL, AI infrastructure), but also exposure to significant development and commercialization risks.
• **Customers**: Future customers for STAR WALKERS will gain access to personal air mobility, while ZEXA CLUSTER customers will benefit from efficient AI computing solutions.
• **Employees**: Potential for growth and new opportunities in R&D, manufacturing, and sales related to the new products.

Next Steps

• Continue development and validation of STAR WALKERS and ZEXA CLUSTER.
• Achieve technical feasibility for both products.
• Establish reliable manufacturing and supply capabilities.
• Obtain necessary regulatory and compliance approvals for both products.
• Realize market acceptance for STAR WALKERS and ZEXA CLUSTER.
• Successfully bring products to market.
• Process pre-orders for STAR WALKERS, with anticipated deliveries starting in 2027.
• Conduct testing and validation for ZEXA CLUSTER.

Key Dates

Recommendation

While the unveiling of two innovative products, STAR WALKERS eVTOL and ZEXA CLUSTER, is a positive strategic move, the significant development, regulatory, and commercialization risks associated with both ventures, particularly the eVTOL, warrant a cautious approach. The long lead time for eVTOL deliveries (2027, potentially beyond 2028) and the early stage of both products suggest that substantial hurdles remain before commercial success is assured. Investors should hold to monitor progress on regulatory approvals, manufacturing readiness, and market acceptance before making further investment decisions.

Keywords

eVTOL, STAR WALKERS, AI computing, ZEXA CLUSTER, personal air mobility, immersion cooling, artificial intelligence, aerospace, technology, prototype, pre-orders