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MarkelFarkel
Saturday, October 8, 2005, 5:56:47pm Quote Report to Moderator

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ASCO is now available on StockCharts.com:
http://stockcharts.com/def/servlet/SC.web?c=asco

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MarkelFarkel
Tuesday, November 8, 2005, 10:01:57pm Quote Report to Moderator

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(ASCO related News): NZ engine for 'airscooter' flies offshore
07.09.05 1.00pm - By Simon Louisson


The development of an engine to power a back-to-the-future mini helicopter has been a triumph for kiwi ingenuity but an embarrassment for kiwi implementation.

United States company AirScooter Corp last week announced its unit AeroTwin had issued its first US patent for the lightweight engine, which was designed in Christchurch.

Instead of being manufactured in Christchurch as AirScooter wanted, the two-cylinder, 65-horsepower, four-stroke engine is being made in Fort Worth, Texas, under licence.

With three, four and six-cylinder versions also to be built in Texas, a multi-million dollar business with dozens of high skilled jobs will be lost to New Zealand.

In fact, AirScooter is so excited by the engine that it sees its future more with the engine than its futuristic helicopters that already fly and recently featured on CBS's 60 Minutes television programme.

The story of the engine began in the 1990s when Christchurch company Pegasus Aviation developed a twin-cylinder, four-stroke motor that it billed as the first locally built aircraft engine since aviation pioneer Richard Pearse took to the sky nearly a century earlier.

After four years of development, and an investment of nearly $1 million, Pegasus was set to produce 500 engines a year. It made sales to Australia and the United States, including AirScooter. But it all ended in tears. Pegasus' developers had problems keeping down the costs of lightweight materials used in the engine and some parts were inadequate. The engines and the company fell apart.

However, AirScooter was so desperate for a suitable engine, it persisted with some of those involved in Pegasus, including engineer Bill White, who came to the project late to try and rectify problems, and director Stuart Pearson.

AirScooter president Dwaine Barnes told NZPA that AirScooter wanted an alternative to the noisy, smelly, high revving two-stroke engines it was using. It didn't want to design and build an engine and searched the world with little success before lighting on the Pegasus engine.

Asked why AirScooter persisted after Pegasus's collapse, Mr Barnes said: "The bottom line was that Bill White and his connections had motor cycle engine experience and that's why we stayed."

AirScooter worked through Mr Pearson's Pearson Motor Corp (PMC), which was essentially established to manage Mr White's engineering company W L White.

A unique aspect of AirScooter's chopper is that the pilot does not require a licence. Under US flying rules pilots of aircraft under 116kg don't need one.

AirScooter requested PMC to develop an engine lighter than 36kg. As well, the engine had to run vertically, have a dry sump, be four-stroke and deliver 65 horsepower at 4600rpm.

"The greatest challenge was the weight," Mr Pearson said. The engine has yet to meet the weight requirement for the AirScooter.

"We moved ahead rather than conjure on the weight issue because AirScooter are looking also at using this engine for microlight aircraft and there are much greater sales for aircraft than there are for helicopters."

The weight issue could be solved by using lighter materials such as magnesium for aluminium.

Mr Pearson said New Zealanders developed the engine because "we had the guts to do it".

"American companies don't seem to want to venture into that sort of thing. They would have to hire a dozen experts, each to do a different task. They have a different mindset.

"We just get stuck in and do everything ourselves where there they seem to do everything by committee.

"In the States you have an expert in each field and they all have to get together, but nothing ever gets done, and it costs a hell of a lot of money. In the States this would have cost $10 million, whereas we do it for less than one."

However, it seems New Zealanders, in this case, needed some US skills in corporate management.

Pegasus was riven with internal squabbling and, depending on who you speak to, PMC and AirScooter parted ways two years ago even though AirScooter still owns 30 per cent of PMC.

Mr Pearson blamed lack of access to finance, the bursting of the high tech bubble and the rise of the New Zealand dollar for the engine not being developed here.

When the economic situation changed, AirScooter retrenched.

It stalled on development funding "which left me high and dry". Mr Pearson was forced to sell down his rights to the engine.

"I was not able to find any finance to set up a manufacturing company because at that stage I hadn't proven a product.

"No one is interested because it was a one-man band and no believes it's possible to do and everyone thought it was ridiculous that we try and develop an engine in New Zealand."

Venture capital funds were even less enthusiastic than banks.

"The only way to continue was look at investment from the States and licence manufacturing there."

But Mr White, who Mr Barnes said was the brains behind the AeroTwin engine, disputes the claim over lack of finance. He said Economic Development Minister Jim Anderton and his ministry were very willing to help along with others.

"The Americans were very happy to have the motor made here and they would have funded the manufacture here.

"The reality was the Pearson Motor Company didn't want to take on the responsibility of manufacturing the motors here.

"It's not fair to say New Zealand wasn't ready to support the endeavour. It would be unfortunate to blame the local infrastructure," Mr White said.

"Jim Anderton and his associates would have supported it and the Canterbury Chambers of Commerce and Tech New Zealand."

Mr White, who worked on Rolls Royce and Bentley motors and had New Zealand's military vehicles used in Bosnia built to his specifications, said there was a suitable foundry willing to contribute funding and skilled workers were available.

"The Americans were never intending to be engine builders but said 'okay, if you won't do it, we will'."

However, Mr Pearson said it was lack of a backer, not lack of will that was the problem.

"It was a pipedream to make it here."

In the end AirScooter picked up the dropped ball and ran with it. Mr White was seconded to Fort Worth to set up a testing and manufacturing facility. For his troubles he was gifted "several hundred thousand" shares in the "pink sheet" listed AirScooter.

Although the US military, and law enforcement agencies have shown interest in the AirScooter, Mr Barnes' focus has shifted to the AeroTwin engine. Around 2500 ultralights (microlights) sell every year in the US and he has had plenty of interest in the engine from France, Germany, Australia and South America.

The AirScooter will sell for around US$50,000 ($71,350) and the AeroTwin engine will cost around US$6500.

"We could become an engine manufacturing company first and foremost because of the numbers and interest level we've gotten in this engine," he said.

Deliveries of the first AeroTwin motors are expected to be made to selected customers next month.

- NZPA

http://www.nzherald.co.nz/section/story.cfm?c_id=3&ObjectID=10344439

Websites: http://www.airscooter.com/ - http://www.aerotwinmotors.com - http://www.airscooter.net/ - http://www.airscoot.com

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MarkelFarkel
Saturday, November 19, 2005, 1:01:10pm Quote Report to Moderator

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(Subscriber eMail): ..AKA:  ".........tolja........."!!!

CNN Segment: a short segment on AirScooter will run on CNN this weekend sometime during the following news hour times:
Saturday, November 19th 11:00AM – Noon (EST) 5:00PM – 6:00PM (EST)
Sunday, November 20th 4:00PM – 5:00PM (EST) 7:00PM – 8:00PM (EST)

Thank you for your continued interest in AirScooter products.

airscooter.com  
suehdue
email: news@airscooter.net
web: http://www.airscooter.com  

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655
Saturday, November 19, 2005, 1:11:12pm Quote Report to Moderator
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Quoted from MarkelFarkel
(Subscriber eMail): ..AKA:  ".........tolja........."!!!

CNN Segment: a short segment on AirScooter will run on CNN this weekend sometime during the following news hour times:
Saturday, November 19th 11:00AM – Noon (EST) 5:00PM – 6:00PM (EST)
Sunday, November 20th 4:00PM – 5:00PM (EST) 7:00PM – 8:00PM (EST)

Thank you for your continued interest in AirScooter products.

airscooter.com  
suehdue
email: news@airscooter.net
web: http://www.airscooter.com  

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I got to agree, It's very interesting and can become a very popular
Item in the near future


Johann67

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MarkelFarkel
Sunday, November 20, 2005, 11:42:57am Quote Report to Moderator

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A short segment on AirScooter (ASCO) will run on CNN this weekend sometime during the following news hour times:

Sunday, November 20th 4:00PM – 5:00PM (EST) 7:00PM – 8:00PM (EST)

Websites: http://www.airscooter.com/ - http://www.aerotwinmotors.com - http://www.airscooter.net/ - http://www.airscoot.com
PinkSheets Real Time Quotes & Level-II Montage: http://www.pinksheets.com/quote/quote.jsp?symbol=ASCO
Photos: http://www.firestocks.com/images/stories/asco/asco1.jpg & http://www.firestocks.com/images/stories/asco/asco3.jpg

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655
Sunday, November 20, 2005, 2:21:20pm Quote Report to Moderator
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Quoted from MarkelFarkel
A short segment on AirScooter (ASCO) will run on CNN this weekend sometime during the following news hour times:

Sunday, November 20th 4:00PM – 5:00PM (EST) 7:00PM – 8:00PM (EST)

Websites: http://www.airscooter.com/ - http://www.aerotwinmotors.com - http://www.airscooter.net/ - http://www.airscoot.com
PinkSheets Real Time Quotes & Level-II Montage: http://www.pinksheets.com/quote/quote.jsp?symbol=ASCO
Photos: http://www.firestocks.com/images/stories/asco/asco1.jpg & http://www.firestocks.com/images/stories/asco/asco3.jpg

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I'm very interested in this Company
JIMO




Johann67

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MarkelFarkel
Monday, December 19, 2005, 11:22:54am Quote Report to Moderator

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AirScooter Corporation Assembling AeroTwin Engines at New Facility; First Engines For OEM Customers and AirScooters

LAS VEGAS, Dec 19, 2005 (BUSINESS WIRE) -- AirScooter Corporation (OTC:ASCO), an innovator of new air vehicle concepts, announced that its wholly-owned subsidiary, AeroTwin Motors Corporation, is assembling engines for delivery to select OEM customers and installation on two AirScooter personal air vehicles. Major engine parts are being produced at a modern 85,000 square foot contract facility in Fort Worth, Texas. AeroTwin has been assigned approximately 4,000 feet for engine assembly, testing and storage.


"Based on satisfactory engine test performance and a quality review of major parts, we are preparing engines for delivery to OEMs," said Dwaine Barnes, president. "While we experienced some delay during the move of our assembly and testing operations to the new site, we are pleased with the new space, modern equipment and commitment to producing reliable engines made by our contract manufacturer. We are assembling 30 engines from produced parts and are preparing for higher quantity production in 2006."

AeroTwin has two models of its patented two-cylinder 972cc four-stroke aircraft engine. The AT972T is a turbo-charged engine producing 65 hp at 4500 rpm and the AT972 is a standard engine producing about 55 hp at 5000 rpm. Both models illustrate exceptional flat torque at 3000 to 5000 rpm, a key competitive feature for OEMs of prop and rotor sport aircraft. AeroTwin has also developed reduction gear boxes and cooling shrouds flexible to meet a variety of sport aircraft requirements.

"We started a new fiscal year on October 1, 2005," added Barnes. "We are generating fiscal 2006 first quarter revenues from a government subcontract for a defense contractor. AeroTwin and G-70 UAV products should contribute revenues in the second quarter. We are currently installing AeroTwin engines on both our Red and Yellow prototype AirScooter for testing in preparation for future production."

About AirScooter Corporation

AirScooter Corporation is engaged in the development and commercialization of advanced manned and unmanned air vehicles and power systems for the recreational, commercial and government markets. The Company has applied coaxial counter-rotating dual rotor systems to the AirScooter(TM) personal air vehicle (PAV) and AirScooter Unmanned Aerial Vehicles (UAVs). The Company's wholly owned subsidiary, AeroTwin Motors Corporation, is engaged in the manufacture and distribution of the AeroTwin(TM) 65 HP lightweight sport aircraft engine. For more information on the company, its technologies and products please visit http://www.airscooter.com. For information on the AeroTwin engine visit http://www.aerotwinmotors.com.

SOURCE: AirScooter Corporation
CONTACT: AirScooter Corporation Jim Barnes, 702-566-4602 investor@airscooter.biz

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MarkelFarkel
Wednesday, December 28, 2005, 2:25:05am Quote Report to Moderator

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I got a post-Christmas call-back from one of the ASCO crew.  There are about a dozen fully-completed and operational AeroTwin engines as of Monday. They are building up more in both Houston and Australia. Several of those are for AirScooters that they want to have flying time on very soon, per the plan to do the USA demo-tours.

"....Moving right along.....................

http://www.airscooter.com/

John  

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MarkelFarkel
Monday, February 6, 2006, 10:42:13am Quote Report to Moderator

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First AeroTwin Engine Delivered to OEM Customer
2/6/2006 9:00:15 AM


LAS VEGAS, Feb 06, 2006 (BUSINESS WIRE) -- AirScooter Corporation (ASCO), an innovator of new air vehicle concepts, announced today that its wholly-owned subsidiary, AeroTwin Motors Corporation, has delivered the first turbo-charged AT972T engine to an OEM sport aircraft manufacturer.

"This is an important milestone in our corporate development," said Dwaine Barnes, president. "It culminates over three years of intense effort and a significant investment in developing, testing, and manufacturing our patented four-stroke AeroTwin engine in Fort Worth, Texas. We have produced parts to assemble the first 30 engines, expect additional deliveries to other OEMs during the coming weeks and look forward to customer input as we prepare additional volume production during 2006."

"The AeroTwin engine was designed to meet the demands of our AirScooter personal air vehicle, but judging from the volume of inquiries from diverse sport aircraft manufacturers, appears to also meet a significant unmet market need," added Barnes. "OEMs require engines for both new aircraft sales and repowers for legacy customers looking to upgrade to a modern four-stroke engine. We expect to proceed rapidly with testing our Red and Yellow AirScooter vehicles with new engines."

The AeroTwin lightweight two-cylinder 972cc four-stroke engine will be available in two models. The AT972T is turbo-charged producing 65 hp at 4200 rpm and the AT972 is a standard engine producing 55 hp at 5000 rpm, both providing exceptional flat torque at 3000 to 5000 rpm. AeroTwin's patented design features electronic fuel injection and digital engine management. The engine operates horizontally or vertically and mounts to provide output from either end of the engine for maximum flexibility.

About AirScooter Corporation

AirScooter Corporation is engaged in the development and commercialization of advanced manned and unmanned air vehicles and power systems for the recreational, commercial and government markets. The Company has applied coaxial counter-rotating dual rotor systems to the AirScooter(TM) personal air vehicle (PAV) and AirScooter Unmanned Aerial Vehicles (UAVs). The Company's wholly owned subsidiary, AeroTwin Motors Corporation, is engaged in the manufacture and distribution of patented AeroTwin(TM) 65 HP lightweight sport aircraft engines. For more information on the company, its technologies and products please visit http://www.airscooter.com. For information on the AeroTwin engine visit http://www.aerotwinmotors.com.

SOURCE: AirScooter Corporation
AirScooter Corporation
Jim Barnes, 702-566-4602
investor@airscooter.biz

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