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| Press Release: February 17th, 2004 |
| Cost breakthrough “VectoRotor” can expand rotary-wing vertical-lift market |
AEREON’s VectoRotor reconceptualizes conventional vertical lift technology to achieve a cost and safety breakthrough. Helicopter technology has advanced only incrementally since the 1950’s. Markets for heavy and medium lift continue flat as high ownership costs persist. |
| AEREON’s
Mr. William F. Putman, after 25 years on Princeton University’s Research
Staff - where he operated the Dynamic Model Track for low speed aerodynamic research – joined the company as VP Technology Development. Jointly with James E. Risser he invented VectoRotor. He serves now as an expert consultant and Principal Engineer. To slash high costs (and complexity) of helicopter technology while improving safety, VectoRotor integrates balloon-type lift with rotary-wing lift and adds tip-driven rotation. Foreign patents are issuing. |
| The profitable result should expand the vertical lift market and grow stockholder equity value. Mr. Putman’s experience in rotary wing aviation (as a consultant to Sikorsky, Boeing Vertol, Aerolift, MIT, etc.) inspires his inventive design for VectoRotor. Under his lead, a Proposal (to develop and test a subscale technology demonstrator) is being prepared for submission. This will request a 3-year, $2MM, Advanced Technology Program, matching Grant. |
| AEREON’s team includes consultants with major academic, industry and government engineering experience. The company, financed by principals, welcomes angel inquiries. |
| AEREON
Corporation; 20 Nassau Street (#223);
Princeton, NJ 08542 Tel: 609-921-2131; E-mail: aereoncorp@aereon.com; http://www.aereon.com William McE. Miller, Jr., Chairman and President |
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