Davis, CA, Oct. 2, 2013 (GLOBE NEWSWIRE) -- Moller International, Inc. (MI) (OTC-QB: MLER), the developer of the Skycar® aircraft, the Rotapower® line of rotary engines and the Aerobot® line of Unmanned Aerial Vehicles (UAV) will conduct its 2013 Annual Shareholders meeting on Saturday, November 16, 2013 from 10:00 AM to noon.
The meeting will be held at 1632 Da Vinci Ct., Davis, CA 95618-4860, which is adjacent to MI's main offices. You can park at 1632 Da Vinci Ct. or at MI's offices at 1222 Research Park Dr.
The purpose of the meeting is:
1. Election of Board of Directors
2. Annual report to shareholders
3. Such other business as may be properly brought up at the meeting
Shareholders of record on the books of the corporation at the close of business on November 15, 2013 will be entitled to vote at the meeting. All shareholders are cordially invited to attend the meeting in person. It is important that your shares be represented regardless of the number you own. Please contact the company and request a proxy ballot if you are unable to attend in person.
Freedom Motors Annual Shareholders' meeting will be held simultaneously with the MI session. Matters specifically oriented to Freedom Motors shareholders will be addressed.
Following the meetings, Moller International's Skycar® 400 and other products will be on display at the corporate offices.
About Moller International
Moller International (OTC-QB: MLER) formerly Moller Aircraft had its origins in research carried out by Dr. Paul Moller when he tested a scale model of his VTOL capable aircraft in 1961. A full-size version of the earlier VTOL aircraft was demonstrated in 1965. In 1967, research was conducted with the specific purpose of developing vertical takeoff aircraft for the consumer market.
Today, Moller International is a fully reporting public company that has continued to develop a number of VTOL aircraft employing Rotapower® engines and stabilization systems used not only in creating the Skycar® 400 and the Neuera, but also other VTOL aircraft targeted at the military, public safety, commercial and consumer markets.
The Skycar® has been featured on a number of TV programs including CBS 60 Minutes, "Highway In the Sky", NBC's Today Show "Today's American Story", and History Channel's, "Greatest Movie Gadgets: Then and Now."
About Freedom Motors
Freedom Motors was founded in 1997 as a wholly owned division of Moller International. In 2001 it became a separate corporation that was exclusively licensed to manufacture, sub-license and sell Rotapower® engines throughout the world. It later demonstrated that its Rotapower® engine could meet California's requirements for ULEV while running on gasoline and the Super Ultra Low Emissions Vehicle (SULEV) levels on ethanol.
The company recently developed and is patenting a compound version of its Rotapower engine that has the potential to achieve extremely low fuel consumption as well. The new engine is particularly well suited to be used as the backup power source for a Plug-in Hybrid Electric Vehicle (PHEV).
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.
Bruce Calkins Moller International 1222 Research Park Drive Davis, CA 95618-4849 (530) 756-5086
