Business Services Industry
Moller International's Volantor Production Schedule On-Track for 40 Units in 2009
Business Wire, July 17, 2008
DAVIS, Calif. -- Moller International (OTCBB:MLER) announced today that it is in the process of completing its fourth M200 "Jetson" volantor airframe. It expects to complete forty of these fly-by-wire, multi-engine flying vehicles in 2009.
The Company has received worldwide interest in this unique aircraft. In view of its planned limited production through 2009, the Company is set to offer the Jetson for sale only via an international auction. A potential bidder can become a "candidate qualified to bid" by establishing his or her ability to meet the $150,000 reserve. No deposit will be required until a successful bid occurs.
Qualified participants will be advised on a regular basis as to the Jetson's production status and its anticipated auction schedule.
The initial volantor model being offered will be the M200G Jetson ground effect vehicle that is designed for operation at up to 10 feet above ground level. Constrained to this altitude, the Jetson operators will not be required to have a pilot's license. In addition to the M200G, the Company plans to offer the M200E, a kit-built version of its Jetson aircraft with sales beginning in 2010. The M200E will not have the same software enabled altitude constraints as the M200G and the Company expects the M200E to be operable as an Experimental class aircraft.
About Moller International
Moller International (www.moller.com) was formed in 1983 and is the developer of the roadable four-person Skycar([R]) and two-person Jetson aircraft. Both aircraft have demonstrated their ability to takeoff and land vertically by using the Company's Rotapower([R]) rotary engine designed specifically for compact, high power-to-weight applications. Management believes that the Skycar([R]) has the potential to provide an airborne alternative to a significant portion of the miles now traveled by automobiles while the Jetson is a utility and recreational vehicle capable of being legally operated without a pilot's license.
The Skycar([R]) and Jetson have been featured on a number of TV programs including CBS 60 Minutes, "Highway In the Sky", NBC's Today Show "Today's American Story", History Channel's, "Greatest Movie Gadgets: Then and Now" and numerous times on the Discovery Channel.
For detailed information on how to qualify for the auction or additional information on the Company's products please contact:
Bruce Calkins Moller International 1222 Research Park Drive Davis, CA 95618-4849 USA Telephone: 530-756-5086 Facsimile: 530-756-5179 Email: bruce@moller.com
Skycar([R]) and Rotapower([R]) are registered trademarks of Moller International in the USA and other countries. All other trademarks are the property of their respective owners.
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.
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