Worldwide Aeros announces an agreement in principle with CFEITC to launch
the Aeroscraft Market in China
LOS
ANGELES, CALIFORNIA and BEIJING, CHINA – DEC 14, 2005 –
Worldwide
Aeros Corp, the world’s leading manufacturer of FAA-certified
lighter-than-air vehicles, announced today that it has entered into a
launch partner agreement with China Far East International Tendering
Company (CFEITC) to develop and market a new family of freighting air
vehicles, called the Aeroscraft.
Said
Aeros’ president Igor Pasternak: “This agreement is the first result of
our trip to China with Governor Arnold Schwarzenegger and his “Made in
California Expo” that took place last month. On that trip we discovered
strong Chinese interest in using Aeroscraft vehicles for cargo,
advertising, touring, and broadcasting. When you ride the world’s fastest
train, the MagLev from the international airport in Shanghai and then see
the astonishing new buildings, fly over the amazing dam complex finally
taming the Yangtze River, or listen to reports of China’s bold new
ventures in space, you know that times have changed. If California
remains the center of global innovation, then China has become our natural
partner as the center for the application and deployment of the very
newest ideas and technologies.”
Said David
Cao, President of CFEITC: “The Aeroscraft is an exciting new technology
and just right for China which has moved to the forward edge of so many
advances. China has become one of the world’s most important
manufacturing centers in the global economy and now we need to match that
great capability with much more efficient transportation and delivery
system. We are excited to be able to participate in the early stages of
the Aeroscraft as the launch partner. Nowhere in the world is there a
greater need for a ship with the capabilities of the Aeroscraft to keep
China competitive for the “just in time” delivery of apparel and consumer
and industrial goods.”
The
agreement paves the way for Aeros to enter the China market with a partner
who has the local knowledge and marketing ability that is necessary to
work in the region. Also, the agreement gives CFEITC access to the first
production series Aeroscraft, as well as representation rights to Aeros’
other existing product line of aerostats and FAA certified airships.
Added
Pastenak: “Aeroscraft
will be a totally new kind of flying vehicle that derives its lift
partially from lifting gas and partially from the traditional dynamic lift
created by the advanced
shape of the body. Aeros has designed a craft that takes advantage of
both
methods of lift. The Aeroscraft has been designed to fill the very widest
range of missions and conditions, and is a perfect answer for the civil
aviation needs of China and the global economy.”
Characterized by its oversized payload bay, the Aeroscraft is
ideally suited to carry low density products like computers and
electronics, across oceans and continents, from warehouse to warehouse; as
well it can also be adapted to luxury tour travel, allowing an
exceptionally large space allotment to each passenger.
About China Far East International
Tendering Company (CFEITC)
China
Far East International Tendering Company (CFEITC) was established in 1985
with the approval of the Ministry of Foreign Trade and Economic
Co-operation. In 1993, CFEITC’s annual sales exceeded RMB 2 billion,
hence becoming one of China’s top
Fortune 500 enterprises.
The
headquarters of CFEITC is located in Beijing with
offices in Guangdong, Zhejiang, Jiangsu, Hainan, Fujian, Shenzhen and
Zhuhai. CFEITC has also established branches in the US, Belgium, Southeast
Asia, Hong Kong and other lesser countries and regions.
At present,
CFEITC’s business involves petrochemical, automobile, power, machinery,
transportation, communication, electronics
and many other industries with customers spread worldwide.
About
Worldwide Aeros Corp:
Worldwide Aeros Corp. is
the world's leading lighter-than-air, FAA-certified aircraft manufacturing
company. The company's operations involve the research, development, and
marketing of a complete family of Aeros-branded air vehicles used in
military and civilian applications. These include
rigid aeroscrafts, commercial
non-rigid airships, and advanced tethered
aerostatic systems.
The Aeros airships serve both government agencies
and private corporations and are available for a wide variety of platform
missions including advertising, touring, surveillance and broadcasting.
Worldwide Aeros Corp. has a presence across three continents and has
affiliates in eight European and Asian countries. The company's
industry-leading expertise is based on more than 20 years of operations
and advanced research in lighter-than-air technologies. Please visit us at
www.aerosml.com for more information and news about Worldwide Aeros
Corp. Contact:
Edward
Pevzner
Business Development Manager
Tel. 818 344-3999 x 106
Edward@AerosML.com
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