LAS VEGAS, Aug. 27, 2007 (PRIME NEWSWIRE) -- AirScooter Corporation (Pink Sheets:ASCO), an innovator of new air vehicle technology, announced today upcoming marketing events for its air vehicles. The AirScooter(r)-II Personal Air Vehicle (PAV) and AirScooter(r) UAV will be on display in the transportation pavilion at WIRED's NextFest festival at the Los Angeles Convention Center from September 13 through 16. The AirScooter gas G70 and electric E70 UAVs will also be exhibited at the Unmanned Systems Interoperability Conference in Coronado from October 29 through 31.
WIRED's vision of a new World's Fair, WIRED NextFest is a four-day festival of innovative products and technologies that are transforming our world. This year's NextFest in Los Angeles will feature more than 160 interactive exhibits from leading scientists and researchers. The public is invited September 14 through 16 to experience the future of communication, design, entertainment, exploration, health, play, robots, transportation, security, and green living. For more information on the festival visit www.wirednextfest.com. Over 100,000 attendees combined were attracted to the previous three festivals in San Francisco, Chicago and New York.
The Unmanned Systems Interoperability Conference is sponsored by the Association for Unmanned Vehicle Systems International (AUVSI) the world's largest nonprofit organization devoted exclusively to advancing the unmanned systems community. AUVSI, with members from government organizations, industry and academia, is committed to fostering, developing and promoting unmanned systems and related technologies.
The AirScooter-II PAV is a simple and easy to fly coaxial rotor craft for recreational use. The PAV has recently been upgraded with the latest AeroTwin(r) four-stroke engine and a modern composite coaxial rotor system. While designed for recreational manned flight, AirScooter's patented design has applications in manned and unmanned military and homeland security applications.
AirScooter's wholly-owned subsidiary, AeroTwin Motors Corporation, manufactures a powerful lightweight sport aircraft engine that makes AirScooter-II possible. The patented AeroTwin(r) engine produces an efficient 65 hp at 4200 rpm, smooth/flat torque and quiet operation ideal for a wide range of sport vehicles. Now in early production, engines have already been sold and delivered in the United States, Canada and New Zealand with interest from more than 45 countries worldwide. Early fight testing is validating AeroTwin's four-stroke power solution in both new aircraft and to repower legacy two-stroke engine aircraft.
AirScooter UAVs are in the tactical VTOL (Vertical Takeoff and Landing) class, positioned smartly between the high-end hobby category and the limited selection of expensive military/commercial UAVs available today. These robust craft are ideally suited for aerial photography, surveillance, research and a range of homeland security applications. AirScooter unmanned aerial vehicles feature a rugged patented coaxial flight platform providing outstanding hovering ability, stable flight, precision response and control all in an economical package. Both the G70 and E70 employ a 70-inch coaxial rotor and control system, minimizing the complexity of coaxial systems of the past, but scalable to future craft, smaller or larger in size.
"We are very excited and honored to be one of the select invitees to display our AirScooter Personal Air Vehicle at WIRED's unique festival showcasing new ideas and technologies," said Dwaine Barnes, president of AirScooter Corporation. "AirScooter attracts wide-ranging interest confirming the public appetite for personal recreational flight. Our updated AirScooter-II equipped with a new AeroTwin engine and composite rotors will continue flight testing after the festival."
Barnes, discussing AirScooter UAVs, added, "Our patented coaxial control system provides exceptional hovering and precision flight control. We just completed confirming G70 and E70 flight testing and are very pleased with the results. Whether the requirement is for quiet electric performance or long duration gasoline powered flight, we provide a compelling solution for customers dissatisfied with the limitations of high-end hobby craft but unable to justify the high costs of commercial/military UAVs often costing $100,000 to $500,000 or more. The AUVSI conference provides a forum to demonstrate our vehicles to the right audience of customers."
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.