Proyectos Aeroespacial Argentinos Nuevas Tecnologías 7 Deciembre 2011 AeroVehicles Inc. 2002 Introduction Definition of a Hybrid Aircraft “A hybrid aircraft combines the characteristics of heavier-than-air (HTA) technology, fixed-wing aircraft or helicopter, and lighter-than-air (LTA) airship technology.” AeroCat – Has an endurance that can be measured in days – Is capable of landing or taking off with heavy payloads from almost anywhere, including remote fields, deserts, marshes, harbors or waterways – Development time and cost is a fraction of a comparable traditional new aircraft. The Technology – fully developed and safety tested – This is not a new aircraft design, but an updated design using today’s technology During the last seven years, AEROVEHICLES INC. has refined the design and secured the industry partners necessary to certify and produce the AeroCat line of hybrid aircraft. AeroVehicles Inc. 2002 History AeroCat AVI Video Lockheed Martin P-791 Lockheed Martin AeroCraft SkyCat SkyKitten I Westinghouse Sentinel 1000 1992 1998 1999 2000 AeroVehicles Inc. 2002 2006 2012 Benefits of AeroCat • • • • • • • No Ground Infrastructure Required Low Capital and Operating Costs Endurance Measured in Days Quick-change Payload Deck Environmentally Friendly Weather Tolerance Semi-rigid Design AeroVehicles Inc. 2002 Specifications Allowable useful load Maximum payload weight Range @ maximum payload Endurance (varies based on payload) Maximum efficient cruise speed Nominal cruise altitude Maximum sustained altitude Emergency short duration altitude Largo: 310 ft / 94.4 m Ancho: 148 ft / 45.1 m Ancho AeroVehicles Inc. 2002 41,000 kg 25,000 kg ≥ 1200 nm ≥ 36 hrs 70 kts 1220 mt 3050 mt 3660 mt Alto: 83 ft / 25.3 m Alliances San Luis, Argentina - Facilities Air Vehicles Ltd., United Kingdom - ACLS TCOM, L.P., United States - Helium Envelope Motive Industries Inc., Canada - Structural Composites INTI, Argentina - Destructive and Non-destructive Testing AeroVehicles Inc. 2002 Facilities Zona Franca Justo Daract; San Luis, Argentina AeroVehicles Inc. 2002 Facilities Zona Franca Justo Daract; San Luis, Argentina AeroVehicles Inc. 2002 Market Analysis Commercial Market • • • • • General Cargo Sightseeing/Passenger Market Mineral and Petroleum Industry Heavy Lift and Oversized Cargo Combatting Wild Fires Government Agencies: • • • • Border Patrol Drug Enforcement Coast Guard Search & Rescue Disaster and Humanitarian Aid AeroVehicles Inc. 2002 Economic Benefits Benefits at production rate – Estimated 400 new employees inside the FTZ – Additional jobs created to support the FTZ – Production revenue over $480 M – Ancillary revenue not estimated AeroVehicles Inc. 2002 Competition • Hybrid Air Vehicles – Teamed with Northrop Grumman – Purchase orders from Discovery Air Innovations, Canada – Filed for certification with EASA • Lockheed Martin – Sold production rights to Aviation Capital of Canada Spain Video – Filed for certification with the FAA AeroVehicles Inc. 2002 Patents AeroVehicles Inc. 2002 Management Team Chief Executive Officer / Chairman of the Board of Directors: J. Robert Fort; California, USA Chief Operations Officer / President / Director: Bob R. Fowler; San Luis, Argentina Chief Technical Officer / Board Advisor: Bruce R. Wright; California, USA Vice President Business Administration / Director and Board Secretary: M.Sc. Oscar A. Castro Silla; Buenos Aires, Argentina Vice President Operations / Director: Julian Phillip Beville-Anderson; Queensland, Australia Vice President Legal / Director: Federico Wesselhoefft, LLM (EMLE); Madrid, Spain Vice President Information Technology (IT) / Board Advisor: Franco A. Scillia Thost; Cordoba, Argentina Director of Aircraft Certification DNA / Board Advisor: Jose Maria Vaca; Buenos Aires, Argentina Director of Aircraft Certification FAA / Board Advisor: Richard Jensen; California, USA AeroVehicles Inc. 2002 Personnel Plan • 75 employees, to design, build and test the first AeroCat SUA. • Approximately 250 employees at full production for AeroCat assembly • Additional 150 employees for AVI’s alliances in the Zona Franca • Market value salaries • Profit sharing AeroVehicles Inc. 2002 Schedule Major Milestones • Preliminary Design Review (PDR) Month 5 • Critical Design Review (CDR) Month 10. • Hangar Occupancy Month 16 AeroVehicles Inc. 2002 Certification • Airworthiness Certificate (Aircraft); – A standard airworthiness certificate is the certifying agency's official authorization allowing operation of type certificated aircraft in its stated category. – A standard airworthiness certificate remains valid as long as the aircraft meets its approved type design, is in a condition for safe operation and maintenance, preventative maintenance, and alterations are performed in accordance with all applicable regulations • Production Certificate – A production certificate is an approval (document) to manufacture duplicate products under an approved type design (i.e., type certificate or supplemental type certificate). AeroVehicles Inc. 2002 Summary Facts, Not Suppositions • Alliances • Multi-use Aircraft • Proven Technology • Market Confirmed Future Products • Second and third generation products will scale up the capabilities of the AeroCat aircraft to grand proportions: from a 40-50 ton payload to a notional 250-500 ton payload aircraft, capable of transporting timesensitive cargo trans-oceanic. AeroVehicles Inc. 2002