Davis, CA -- (SBWIRE) -- 04/06/2015 -- Moller International's exclusive engine production licensee, Freedom Motors, has received letters of intent (LOI), conditional orders and firm orders for over 3.5 million Rotapower rotary engines (~ $5 billion). A substantial portion of this demand is for use in motor scooters/motorcycles where a recent market analysis by Global Industry Analysts Inc. indicated that 75 million motor scooters/motorcycles will be produced in 2015 (~ $100 billion).
The Rotapower engine (see www.freedom- motors.com) is vibration free with twice the power and one third the weight and size of the engine it is replacing, under contract, for a large motor scooter manufacturer in Singapore. Freedom Motors is in the process of becoming a public company under a Reg A stock offering that is being undertaken to help fund volume production a manufacturing facility to be located in West Sacramento, California. Volume production of Rotapower engines will not only provide Moller International with a substantial revenue source, but through economy of scale make lower cost engines available for its Skycar, Neuera and Aerobot (drones) (see www.moller.com).
About Moller International
Moller International (the "Company") was incorporated in 1983 as a continuation of its efforts to design, manufacture, and market safe, low cost, and easy to fly vertical takeoff and landing ("VTOL") aircraft called volantors. It has developed and demonstrated this technology and received sufficient feedback to be confident that volantors have an enormous number of immediate commercial, paramilitary and military applications.
Once the emerging "highway in the sky" (HITS) is in full operation, the volantor will be the ideal personal commuter aircraft to utilize it. Approximately $210 million (today's dollars) has been expended by the company to create and demonstrate its volantor, aerobot, and engine technologies.
Moller International Inc.
1222 Research Park Drive
Davis, CA 95618
Forward Looking Statements
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking 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.
Source: UPTICK Newswire