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for information contact:
Anita C. Infante, 309 853-5328
For Immediate Release - July 2009

Carter Moves Toward Commercialization of PAV

Wichita Falls, TX - Carter Aviation Technologies (Carter) of Wichita Falls, TX is announcing that they are moving forward with plans to bring their slowed rotor/compound (SR/C) aircraft technology into production. Carter's technology has been proven through rigorous flight-testing in their original prototype and they have now incorporated refined capabilities into their newest Personal Air Vehicle (PAV) prototype preparing it for market. In fact, there are a series of four PAV designs that will be offered for sale - a 2-place autogyro, 2-place compound gyroplane, 4-place autogyro and 4-place compound gyroplane. Orders can be placed through the Carter website.

The new prototype is the 4-place autogyro. It has vertical take-off and landing (VTOL) capabilities with flight speeds of 140 mph and a range of 600 miles at 7500 feet. The next step up is the 4-place compound gyroplane. With a turbocharged engine and added wing extensions this aircraft is capable of 223 mph and a range of 768 miles at 12,500 feet with VTOL capability.

According to Anita Infante, Carter VP of Business Development & Marketing, "Carter's expertise is in research & development. We realized more than a year ago that we need expert manufacturing partners to transition our technology into the market. We have spent the last year actively seeking those partners and we are pleased to announce that we have Letters of Interest from four companies that we believe will provide the quality and level of technical manufacturing experience that is required to commercialize our technology. These negotiations have been time consuming, but have been made much easier for Carter through the extensive efforts of Dr. Claudius Klimt, a Carter shareholder.

"We are very pleased to announce the four companies are: VX Aerospace of Morganton, NC, Dynamic Composites of New Zealand, Eagle Aviation Technologies, Inc., Hampton, VA and Liberty Aerospace, Inc., Melbourne, FL."

Carter partnership negotiations are on-going including preliminary discussions as to a new building site for offices and production facilities.

Infante added, "Carter's technology is disruptive. We have taken the best attributes of rotorcraft and fixed-wing aircraft and developed a hybrid with unequaled capability. We can easily compete in both rotor and fixed-wing markets and in the military market, as well. We have long believed in the total versatility of our technology. Others are now believing, as well."

For More Information:

VX AEROSPACE is a composite manufacturing company with a successful track record of providing high tech composite replacement parts for certified military aircraft. VX has earned a stringent AS9100 certification that qualifies VX to produce parts for military aircraft. www.vxaerospace.com

DYNAMIC COMPOSITES is a composite design and manufacturing company with expertise in engineering and manufacturing highly stressed composite parts for high tech applications including the new Jetpack. www.dynamic-composites.co.nz

EAGLE AVIATION TECHNOLOGIES, INC. Eagle also provides services to the military through an AS9100 certification. Most recently they designed and built the rotors for Sikorsky's new X-2 rotorcraft, set to break the rotorcraft speed record later this year. ww.eagleaviationtech.com

LIBERTY AEROSPACE, INC. is highly skilled in tooling design, fabrication, composite manufacturing, structural bonding and assemblies. Liberty also has important experience in the FAA Certification process and requirements and is the owner of the FAA Type and Production Certificate for the IFR certified XL-2. www.libertyaerospace.com

For more information: www.CarterAviationTechnologies.com/pav