LAS VEGAS, Feb. 5, 2007 (PRIME NEWSWIRE) -- AirScooter Corporation (Pink Sheets:ASCO), an innovator of new air vehicle technology, announced today the receipt of a second U.S. patent on its AeroTwin(r) four-stroke aircraft engine. The latest patent includes 23 claims focusing on the innovative lightweight one-piece head/cylinder design and related circulation and cooling methods. The AeroTwin produces an efficient 65 hp at 4200 rpm, smooth/flat torque and quiet operation for a wide range of sport vehicles.
"This invention is an important advance in engine design allowing the production of a light-weight, powerful four-stroke engine that can effectively manage internal engine pressures," said Dwaine Barnes, president of AirScooter Corporation. "Building on the claims of the first patent issued in 2005, this patent focuses on a range of innovations proprietary to the AeroTwin engine."
Barnes added, "We are extremely pleased with OEM and customer response to AeroTwin and we will soon start assembling the next production run using new advanced tooling. The recent eleven-page feature article in Contact! Magazine, a news forum focused on designers and builders of experimental aircraft, is an effective marketing tool for AeroTwin. The feature titled "Under-Promising, Over-Delivering: The AeroTwin AT972T" contains more than 20 high-quality photos, specifications and schematics with detailed in-depth information important to customers." See www.contactmagazine.com and www.aerotwinmotors.com for additional information.
The Company also announced the following developments:
* A new gear reduction box assembly provides a range of reduction ratios and also incorporates an integrated clutch to allow extremely smooth power transition for a wide assortment of props. This novel accessory makes the flexible AeroTwin engine adaptable to most any aircraft application. A wind tunnel video of the engine and clutch in operation can be viewed at: www.aerotwinmotors.com/pages/at_media_files.htm. * The Company has sold out and closed out its inventory of hobby models. This segment has been discontinued to focus resources on the engine, UAV and AirScooter segments. The knowledge obtained from hobby development contributed to the design and performance of the Company's six-foot coaxial G70 UAV. * Military applications of unmanned aircraft systems are growing rapidly. The Company's G70 is targeted at both military and civil applications for a niche between high-end hobby craft and expensive military UAVs. * The Company has installed new composite rotors on AirScooter and is testing the combination of a new drive system and rotors powered by the AeroTwin engine.
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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(r) personal air vehicle (PAV) and AirScooter(r) Unmanned Aerial Vehicles (UAVs). The Company's wholly owned subsidiary, AeroTwin Motors Corporation, is engaged in the manufacture and distribution of the patented AeroTwin(r) 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 or grow 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.