Moller International Update:
Davis, CA May 8, 2013 – Moller International announced today that its discussions with Athena Technologies regarding the proposed Joint Venture (JV) continues to move towards a possible final detailed agreement to jointly produce and distribute the Skycar® and Neuera™ volantors. Since production of at least the fuselage and avionics is likely to take place in the People’s Republic of China, financial support from the PRC’s government requires a considerable amount of due diligence. John Gong, President of Athena Technologies, is presently in China working to complete this phase of the process.
Freedom Motors Update:
A joint venture agreement with Athena Technologies would have a significant impact on Freedom Motors (FM) since FM is likely to be the initial supplier for many of the engine parts required for the powerplant used in the Skycar and Neuera aircraft. For that reason Freedom Motors plans to delay the resubmission of its Regulation A offering documents to the SEC until the details of the joint venture are fully defined. However Freedom Motors continues to keep the Regulation A materials up to date and synchronized with the current terms of the agreement so that they can be turned over to the SEC as quickly as possible.
The interest in the Rotapower® rotary engine has become incredible. We now have letters of intent to purchase over 2 million engines (potential sales of over $2 billion). If all goes as planned, engine production will likely take place in Phoenix, AZ. The city and state have a particularly attractive business climate. We have been able to integrate a number of incentives with them totaling over an estimated $5 million.
Moller International Point of Contact:
"SAFE HARBOR" Statement:
This message may contain forward-looking statements. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Please be advised that the actual financial condition, operating results, and business performance may differ materially from that projected or estimated by the company in forward-looking statements The words "estimate", "possible", “likely” and "seeking", and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
Skycar® and Rotapower® are trademarks of Moller International in the USA and other countries. All other trademarks are the property of their respective owners.
Davis, CA (April 2, 2013) - Moller International (MI) has provided Athena Technologies with a detailed legal opinion on MI's ability to provide technical information under the guidelines provided in the International Trade in Armaments Regulations (ITAR). This analysis and legal opinion is an important step in the due diligence process required prior to completing the joint venture (JV) with Athena Technologies as well as with any other foreign entities with whom MI might form a similar joint venture.
Davis, CA - January 23, 2013. Moller International (MI) (OTC-QB Symbol: MLER) announced today that it has entered into an agreement to form a Joint Venture (JV) with Athena Technologies, Inc. A memorandum of understanding signed by both parties establishes the guidelines for the formation of this JV which will assist MI with the design and production of its vertical take-off and landing (VTOL) aircraft in the US and the establishment of production and distribution agreements for the aircraft in the People's Republic of China (PRC).
The full text of the announcement is available at:
Skycar® developer, Moller International, Hosts AIAA Group
DAVIS, Ca. March 12, 2013--Moller International, Inc. (MI) (OTC-QB: MLER), the developer of the Skycar® and Neuera™ aircraft recently invited a group of American Institute of Aeronautics and Astronautics (AIAA) members to a brief tour of Moller International’s facilities. While regularly scheduled tours have been temporarily suspended, shop operations were halted as the group of 16 young men and women were escorted through the display and fabrication areas of the plant.
“At the request of one our employees, we agreed to provide his fellow AIAA members with a quick tour of the facilities,” said Bruce Calkins, the company’s General Manager. “It is always invigorating to talk with young talented people, and especially so when they are keenly involved in aeronautics and the latest trends in design and fabrication” he continued. “It’s a win-win situation…they get to see and hear about our aircraft and we get to learn their interests, educating us on how to attract the good talent we’ll need for this project.”
“Watching science fiction movies gave me the motivation to join aerospace engineering in the first place. Getting the opportunity to tour Moller International’s facilities and to see what goes into the making of flying cars is truly awe-inspiring. As an engineering student it gave me the opportunity to recognize how the concepts I study in class are implemented in designing cutting edge technology. Moller International transforms dreams into reality” said tour group participant Megna Hari, UC Davis AIAA Chapter member.
Dr. Moller confirmed that the company is continuing its progress towards completing its potential joint venture with Athena Technologies, stating that “The Companies are actively in the process of exchanging materials as part of the due diligence required to move forward.”
Moller International's Welcome Message Responded to by Scores of Subscribers
Davis, CA -- November 6, 2012. Today approximately 60 replies to the Moller International's new email subscription list were broadcast to the entire 2,500+ addresses on file. Although the welcome message was intended to provide our subscribers with an easy method to update us on their e-mailing preferences, it also enabled everyone to send this information to the entire list of subscribers. We apologize for the confusion this created and for the numerous emails everyone received. All emails of this type will have their responses "moderated" to prevent this from happening in the future.