Johnson, who for the previous 4 years has been engaged with various projects to develop practical applications of electric propulsion systems for light aircraft, said AEAC intends to serve general aviation by providing a clean, renewable energy, durable, solar-electric aircraft.
The present plan has AEAC receiving an experimental prototype Sun Flyer aircraft at the end of the first development period.
and its development partner Bye Aerospace are executing the initial R&D flight test operations with the solar-electric technology demonstrator at Centennial Airport near Denver.
We are extremely pleased with our new direction into the industry of 3D Digital Animation" stated Pierre Quilliam, President of AEAC.
Upon closing of the transaction, AEAC will be changing its name to one more appropriate to the animation industry.
will be contacting the other candidates that it had for the position as president and hopes to fill the position at the earliest possible time.
The completion of our Share Exchange and payoff by AEAC
caused the release of our Senior Secured Convertible Extendable Notes and their security interests.
It's kind of a preventative thing, to do what we can to help for the next school year," explained AEAC
founder and executive director Spike Ward.