LAS VEGAS, May 15, 2006 (PRIMEZONE) -- AirScooter Corporation (Pink Sheets:ASCO), an innovator of new air vehicle concepts, announced today that its wholly-owned subsidiary, AeroTwin Motors Corporation, is continuing shipments of first production turbo-charged AT972T engines to target customers.
"Our strategy is to deliver first production engines to select and targeted customers, seeding the market for future production," said Dwaine Barnes, president. "We are working with users of leading sport aircraft, including pushers, powered parachutes and gyrocopters. We are also pursuing government and non-aviation applications. As a result of engine inquiries from 46 different countries, we are scheduling shipments to select international customers. Both new aircraft and repowers are dynamic markets for our modern four-stroke engines. We are very excited by the early market response, encouragement and assistance provided by customers investing in our future success as early adopters of AeroTwin(r)."
"The limited number of customers we have selected have future needs for hundreds and perhaps thousands of engines each year," added Barnes. "We are finalizing plans for higher volume production with our contract manufacturer and expect to announce new volume production in the next 30-45 days. Testing of our AirScooter PAV and AirScooter UAV products continue while our immediate focus is on meeting the market need for engines."
The AeroTwin lightweight two-cylinder 972cc four-stroke engine will be available in two models. The AT972T is turbo-charged producing 65 hp at 4200 rpm and the AT972 is a standard engine producing 55 hp at 5000 rpm, both providing exceptional flat torque at 3000 to 5000 rpm. AeroTwin's patented design features electronic fuel injection and digital engine management. The engine operates horizontally or vertically and mounts to provide output from either end of the engine for maximum flexibility. Additional engine models based on the patented technology are in development.
About AirScooter Corporation
AirScooter Corporation is engaged in the development and commercialization of advanced manned and unmanned air vehicles and power systems for the recreational, commercial and government markets. The Company has applied coaxial counter-rotating dual rotor systems to the AirScooter(tm) personal air vehicle (PAV) and AirScooter Unmanned Aerial Vehicles (UAVs). The Company's wholly owned subsidiary, AeroTwin Motors Corporation, is engaged in the manufacture and distribution of patented AeroTwin(tm) 65 HP lightweight sport aircraft engines. For more information on the company, its technologies and products please visit www.airscooter.com. For information on the AeroTwin engine visit www.aerotwinmotors.com.
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Safe Harbor Statement: This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on these forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements, particularly those risks and uncertainties inherent in the process of developing and distributing aeronautical products and engines. Factors that may cause such a difference include risks related to our limited operating history, risks associated with completing development and production of products, the risk that our products will not meet with market acceptance, the risk of future warranty and product liability claims, the uncertainty of access to capital to sustain operations, achieve profitability or continue as a going concern, the failure to secure and maintain relationships with suppliers, manufacturers and other third parties, reliance on key employees and consultants, and dependence on intellectual property. Further information on the factors and risks that could affect our business, financial condition and results of operations, are contained in our public corporate documents. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from our current expectations. AirScooter Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.