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Moller International's president acts on his positive outlook

Dr. Paul Moller, President of Moller International (OTCBB: MLER) has personally arranged for the company's release from $2.3 million in debt. "I did this to improve the company's balance sheet and demonstrate my continued confidence in the Company's future," stated Dr. Moller.

That future was recently brightened as a result of companies from Malaysia, Korea, China and the UK entering negotiations to license the Company's Rotapower® engine for their applications. This follows the signing of an agreement by Moller International's exclusive engine licensee, Freedom Motors, Inc., to provide two models of the Rotapower engine for use in hybrid vehicles.

An illustrative application for the Rotapower® engine is to power the Switchblade, a three-wheeled roadable aircraft under development by Samson Motorworks, LLC (www.samsonmotorworks.com). "I intend to use the Rotapower® engine because it uniquely meets the low weight and high power requirements of my aircraft while maintaining environmentally friendly emissions," stated Sam Bousfield, President of Samson Motorworks.

Having the Rotapower® engine produced in high quantities is critical in reducing the tooling and manufacturing cost of Moller International's Skycar® and Neuera™ volantors (see www.moller.com for more details). The low volume and higher cost of these engines presently exceeds the cost of the Company's volantor airframes. With the anticipated economies of scale, engine production cost could drop substantially and allow the Company to reduce the projected cost of their volantor aircraft.

Press release issued by Moller International, Inc. on July 16, 2010

 

 Contact details from our directory:
Moller International, Inc. Airframer

 

 Related aircraft programs:
Samson Switchblade
Moller M400 Skycar

 

 Related directory sectors:
Engines

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