Business Wire | 1345 days 12 hours 27 minutes ago
Moller International Contract Status
Mar 17, 2006 6:25 PM CST
DAVIS, Calif.-- (BUSINESS WIRE) -- Moller International, Inc. (OTCBB:MLER), the developer of the Skycar(R) aircraft, made the following announcement today.
Moller International has not reached an agreement with Pratt & Whitney Rocketdyne, Inc. for a joint development of engine technology as previously announced on March 16, 2006.
Moller International
Moller International was formed in 1983 and is the developer of the roadable Skycar(R) aircraft, a fourperson Vertical Takeoff and Landing Vehicle (VTOL) currently undergoing initial flighttesting. The aircraft uses the Company's Rotapower(R) rotary engine designed specifically for compact, high powertoweight applications. The Skycar(R) has the potential to provide an airborne alternative to a significant portion of the miles now traveled by automobiles.
The Skycar(R) has been featured on a number of TV programs including CBS 60 Minutes, "Highway In the Sky", NBC's Today Show "Today's American Story", and History Channel's, "Greatest Movie Gadgets: Then and Now".
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forwardlooking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forwardlooking 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.
For further information contact: www.moller.com
Skycar(R) and Rotapower(R) are registered trademarks of Moller International in the USA and other countries.
Moller International Bruce Calkins, 5307565086 fax: 5307565179 bruce@moller.com
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