AirScooter Corp. Announces First AeroTwin Engine Patent; To Begin Deliveries to OEM Customers.LAS VEGAS -- AirScooter Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : ASCO ASCO American Society of Clinical Oncology ASCO Association of Schools and Colleges of Optometry (since 1941; Rockville, Maryland) ASCO Australian Standard Classification of Occupations ASCO Automatic Switch Company ), an innovator of new air vehicle concepts, announced that the first U.S. patent has issued on its AeroTwin(TM) sport aircraft engine. The company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , AeroTwin Motors Corp., expects to make initial deliveries to select OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers in October. The AeroTwin engine was jointly developed with engine designers in New Zealand, and is being manufactured in the United States in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. , under an exclusive worldwide manufacturing license. We have established dual dyno test facilities in New Zealand and Fort Worth allowing accelerated development and testing. The AeroTwin engine is optimized to power the company's AirScooter(TM) personal air vehicle (PAV) recently featured in a CBS (Cell Broadcast Service) See cell broadcast. "60 Minutes" segment. The patented and patent-pending AeroTwin two-cylinder 65 horsepower 970cc four-stroke aircraft engine is a modern lightweight power system applicable to a broad range of sport aircraft. It features: --A patented internal air cooling/oil scavenging scavenging of anesthetic. See anesthetic scavenging. system that provides cooling and lubrication lubrication, introduction of a substance between the contact surfaces of moving parts to reduce friction and to dissipate heat. A lubricant may be oil, grease, graphite, or any substance—gas, liquid, semisolid, or solid—that permits free action of in a small, lightweight power plant. --An electronic fuel injection and digital engine management system. --Exceptional power to weight performance -- 65 hp at only 4,500 rpm, basic engine weight under 100 lbs. --Output drive from either end of the engine providing easy configuration for a broad range of aircraft. --Horizontal or vertical orientation for greater versatility to power fixed wing, rotor and other sport aircraft. --Clockwise or counterclockwise operation to meet diverse OEM requirements. "The first engine patent granted to our licensor is an important step to protect our investment in new engine technology," said Dwaine Barnes, president of AirScooter Corp. "We will deliver our first engines to select sport aircraft manufacturers needing an economical, lightweight four-stroke engine to power their craft. We will be able to incorporate their feedback in the next production run of engines." Barnes added, "We see demand for both new sport aircraft and for re-power customers seeking to replace the noisy, dirty two-stroke engines that power most small aircraft today. We also believe our engine offers utility and value for applications beyond the aviation industry." About AirScooter Corp. AirScooter Corp. 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(TM) personal air vehicle (PAV) and the AirScout(TM) unmanned aerial vehicle A powered, aerial vehicle that does not carry a human operator, uses aerodynamic forces to provide vehicle lift, can fly autonomously or be piloted remotely, can be expendable or recoverable, and can carry a lethal or nonlethal payload. (UAV UAV Unmanned Aerial Vehicle UAV Unmanned Air Vehicle UAV Unmanned Aerospace Vehicle UAV Unmanned Airborne Vehicle UAV Uninhabited Air Vehicle UAV Urban Assault Vehicle UAV Unpiloted Aerial Vehicle (less common) ). The company's wholly owned subsidiary, AeroTwin Motors Corp., is engaged in the manufacture and distribution of the AeroTwin(TM) 65 hp lightweight sport aircraft engine. 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. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer  o·nau 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
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 Corp. disclaims any intent or obligation to update those
forward-looking statements, except as otherwise specifically stated.
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