AEROS Successfully Completes System Design Review on Aeroscraft “Dream Dragon”

Los Angeles, California – June 16, 2005

The Aeros multi- mission Aeroscraft program passed a critical milestone on June 15 with the successful completion of an in- depth System Design Review by the Aeros Designing Team.

The review was conducted on schedule. It was the culmination of months of designing and simulation activities, including system and subsystems architecture, structure, propulsion, flight control, and power distribution. The review clearly demonstrated the ability of the integrated design solution to meet the Airworthiness Standards for Aeroscraft.

“The hard work of the entire team has allowed us to take one step closer to the new generation of air vehicles,” Said Igor Pasternak, Aeros president. “We will keep following the Aeros traditional principles and practice to ensure successful design activities and test phase of the development of Aeroscraft.”

About Aeros: AEROS is the world's leading lighter-than-air, FAA-certified aircraft manufacturing company.  The Company's operations involve research, development, and marketing of a wide variety of air vehicles. These include rigid Aeroscraft, commercial non-rigid airships, and advanced manned and unmanned tethered aerostatic systems. The airships are available for utilization in a variety of civil and military missions. AEROS has affiliates in eight European and Asian countries, and the company's industry-leading expertise is based on more than 20 years of operations and research in lighter-than-air technologies. For more information about Aeros, please visit its web site at www.aerosml.com

About Aeroscraft: Please visit Aeroscraft webpage: http://www.aerosml.com/aeroscraft.asp

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