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Utilicraft Aerospace Industries, Inc. (OTCBB:UITA): Officials of
Utilicraft Aerospace announced today that the Company in its efforts
to save substantial prototype development cost and time, is currently
working on a strategy that could possibly bring both the -300ER and
the smaller -200 aircraft to market in sequence, by using the
commonality of both designs during the development of the prototype
FF-1080 Performance Flight Test Aircraft (PFTA).
The Company plans to further enhance its position in the global
and domestic freight feeder markets by taking advantage of its
previous engineering development of the -200 version FF-1080 design,
including the existing full-scale -200 mockup. The FF-1080-200 is a
smaller version of the Company's FF-1080-300ER.
John Dupont, President and CEO of Utilicraft stated, "Although the
-300ER is the optimum in the FF-1080 family of aircraft designs and
shows a promising international market, the smaller -200 continues to
show solid market potential in the shorter U.S. and European feeder
segments, as well as various military cargo applications. The use of
the prototype aircraft for both designs can mean substantial savings
to the Company and decrease our time to market while potentially
increasing our market advantage."
More details will be included in the Company's FF-1080 PFTA
progress reports beginning in June.
About Utilicraft Aerospace Industries, Inc.:
Utilicraft Aerospace Industries, Inc. was formed to implement a
system solution to the current problem of declining capacity in the
short haul (or feeder) route segments of the air cargo and overnight
express companies.
The FF-1080-300ER Freight Feeder aircraft is a new air vehicle
which is the result of Utilicraft's extensive research and
development. The FF-1080-300ER is revolutionary because of it's
capability to carry standard industry air containers on
short-to-medium range/medium density routes combined with the
aircraft's integrated air cargo information system for the freight
feed market.
The FF-1080-300ER, an all aluminum twin-engine, high-wing,
un-pressurized, fixed gear, single pilot capable, turboprop aircraft,
specifically designed as a utility air freight transport system. The
aircraft satisfies an industry recognized need to cost effectively
feed containerized air cargo to the major hubs of the scheduled
passenger carriers and the overnight express airlines.
The aircraft is also designed for short take-off and landing
(STOL) capability. This feature makes the FF-1080-300ER the only
short-haul, heavy-lift containerized feeder aircraft capable of
cost-effectively transporting ten revenue tons over two thousand
nautical miles from airfields with less than 3,500 feet of runway,
expanding air cargo capacity to many smaller cities and airports
worldwide.
Forward Looking Statements
This press release contains "forward-looking" statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements in this press release involve risks and
uncertainties and reflect the company's current views with respect to
possible future events. Readers are cautioned that no forward-looking
statement can be guaranteed and actual results or events may
materially differ from those projected or anticipated. In particular,
the following factors, among others, could cause actual results or
events to differ materially from those described in the
forward-looking statements: the company's ability to obtain and
fulfill contracts for the sale of products, protect intellectual
property rights and manage future growth; market acceptance of future
products; product supplier delays; design and engineering
certification delays or denials; and the introduction of similar
products by competitors. Any forward-looking statement made in this
press release is made as of the date of this press release, and the
company assumes no obligation to update any such forward-looking
statement, whether as a result of new information, future events, or
otherwise. Forward-looking statements in this press release should be
evaluated together with the many uncertainties that affect the
company's business.
For more information about the company, please visit
www.utilicraft.com.
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