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Officials of Utilicraft Aerospace Industries, Inc. (OTCBB:UITA)
announced today that it continues to move forward with the development
of the FF-1080 Prototype aircraft.
"We are very pleased with the beginning of construction of the
fuselage sections by Metalcraft last week and are making sure that the
rest of the development program such as engineering software and
tooling design are the latest available, and that
integration-engineering of the wing to the fuselage as well as
engineering on other major sub-assemblies of the aircraft are on
track" stated John J. Dupont, President and CEO of Utilicraft.
The Company has taken measures to re-vamp its engineering
programs, tooling processes, and wing development with the intention
of accelerating the FF-1080 prototype aircraft development, as well as
keeping up with the latest state-of-the-art design programs and
processes available to the Company. Details on these programs and
their impact on the development of the prototype will be announced
periodically over the next 90 days as the Company moves forward.
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 Freight Feeder aircraft is a new fuel-efficient
cost-effective, air vehicle which is the result of Utilicraft's
extensive research and development. The FF-1080 is revolutionary
because of its 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 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 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.
The Company has also developed the Automatic Flat Rate System
(AFRS) Patent, a company owned system that will allow the FF-1080
aircraft to operate with substantially more fuel efficiency than any
other freight feeder aircraft in the world, saving the operator
substantial fuel operating cost, and consequently reducing pollution
as the aircraft operates in the freight feed system -- making it
environmentally friendly. See more on the FF-1080 aircraft and the
Company's patents at www.utilicraft.com.
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 Utilicraft Aerospace Industries, Inc., please
visit www.utilicraft.com.
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