Freight Feeder Aircraft Re-Designs to Accommodate Larger Containers
23 Enero 2008 - 1:05PM
Marketwired
ALBUQUERQUE, NM ) announced it made the decision to upgrade the
design of its Freight Feeder aircraft by slightly widening the
cargo-bay to accommodate six (6) of the larger 96in x 125in "main
deck" standard industry containers and pallets, and has
re-designated the aircraft to the FF5000.
"This will allow the FF5000 to accommodate a broader variety of
standard industry containers now including the M-1 type main deck
96in x 125in containers and pallets such as the AMA and AMJ. This
design change will substantially enhance the aircraft's
marketability and international applications which will, in turn,
capture an even greater market-share for the Company," stated Scott
Jacox, VP Marketing.
The original design/engineering of the Aircraft makes this is a
feasible and practical upgrade to the overall design. Details on
the prototype and revised schedule will be announced shortly.
More details and specifications on the FF5000 can be found at
www.freightfeeder.com
About Freight Feeder Aircraft Corporation
Freight Feeder Aircraft Corporation is a private U.S.
corporation registered in the state of Wyoming. In December 2007,
Freight Feeder Aircraft Corporation acquired the Freight Feeder
aircraft technology and development program from Utilicraft
Aerospace Industries, Inc. (OTCBB: UITA) which included the
aircraft design, related intellectual property, patents, and
developed hardware and software including a mockup aircraft, and
fuselage tooling -- with the intention of completing the
development of the aircraft project, and to bring the Freight
Feeder aircraft into commercial production for global sales into
the freight aircraft market. Inclusive in the acquisition are the
Aircraft Design Patent, the ETA Freight Tracking Method Patent, and
the AFRS Automatic Flat-Rate Power Management Patent.
The Freight Feeder aircraft -- now designated the FF5000 by the
Company -- is specifically designed to address a niche segment of
the global air freight market, specifically the need for a new and
updated state-of-the-art effective containerized freight feed air
transportation system requiring the development and implementation
of a new regional-sized-container-capable turboprop-aircraft,
specifically designed to economically transport
containerized/palletized air shipments to and from regional
manufacturing and freight distribution facilities (located in
smaller communities) to and from the major international hub
airports -- worldwide.
On December 12, 2007, Utilicraft Aerospace Industries, Inc.
filed a Form 8K with the Securities and Exchange Commission
announcing that with the approval of fifteen (15) UITA shareholders
owning approximately 62.53% of UITA's common stock and its Board of
Directors, it entered into an Asset Purchase Agreement with Freight
Feeder Aircraft Corporation to sell all of UITA's technology and
assets to Freight Feeder Aircraft Corporation for a 25% equity
position in Freight Feeder Aircraft and warrants for shares of
Freight Feeder Aircraft Corporation's common stock, and a 1%
Royalty of aircraft sales that are eventually produced and
delivered by Freight Feeder Aircraft Corporation. The transaction
has a potential value to UITA of approximately $400 million in
future royalties and future Freight Feeder Aircraft Corporation
stock value received by UITA in this transaction -- subject to the
Freight Feeder aircraft program reaching the production phase. (See
details of the transaction in the UITA 8K filed on December 12,
2007)
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 on Freight Feeder Aircraft Corporation,
please visit: www.freightfeeder.com
Image Available:
http://www2.marketwire.com/mw/frame_mw?attachid=672060 Image
Available:
http://www2.marketwire.com/mw/frame_mw?attachid=672064
Contact Info: info@freightfeeder.com Phone: (866) 654-3721
Utilicraft Aerospace Ind... (CE) (USOTC:UITA)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Utilicraft Aerospace Ind... (CE) (USOTC:UITA)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024