Facebook out as Luminati seeks new investors, supervisor says – New York News

Facebook out as Luminati seeks new investors, supervisor says – New York News

Luminati Aerospace introduced a solar-powered aircraft on June 10, 2016, at its Calverton headquarters. (Credit: Newsday / Chuck Fadely)

Luminati Aerospace LLC, a Calverton startup seeking to nail down a $40 million property deal with the Town of Riverhead, is lining up new financing sources after ties with its earlier backer, Facebook Inc., were severed, the town supervisor said.

The company, which plans to develop solar-powered aircraft, will host an open house Friday to show off its composites manufacturing equipment.

Riverhead…

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