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MOLLER INTERNATIONAL’S PRESIDENT ACTS ON HIS POSITIVE OUTLOOK Davis, CA, July 15, 2010—Dr. Paul Moller, President of Moller International (OTC-BB: MLER) has personally arranged for the company’s release from $2.3 million in debt. “I did this to improve the company’s balance sheet and demonstrate my continued confidence in the Company’s future,” stated Dr. Moller. That future was recently brightened as a result of companies from Malaysia, Korea, China and the UK entering negotiations to license the Company’s Rotapower® engine for their applications. This follows the signing of an agreement by Moller International’s exclusive engine licensee, Freedom Motors, Inc., to provide two models of the Rotapower engine for use in hybrid vehicles. An illustrative application for the Rotapower® engine is to power the Switchblade, a three-wheeled roadable aircraft under development by Samson Motorworks, LLC (www.samsonmotorworks.com). “I intend to use the Rotapower® engine because it uniquely meets the low weight and high power requirements of my aircraft while maintaining environmentally friendly emissions,” stated Sam Bousfield, President of Samson Motorworks. Having the Rotapower® engine produced in high quantities is critical in reducing the tooling and manufacturing cost of Moller International’s Skycar® and Neuera™ volantors (see www.moller.com for more details). The low volume and higher cost of these engines presently exceeds the cost of the Company’s volantor airframes. With the anticipated economies of scale, engine production cost could drop substantially and allow the Company to reduce the projected cost of their volantor aircraft. About Moller International
Moller International is a fully reporting public company (OTCBB: MLER) that developed and flight-tested a utility or recreational, two-passenger VTOL aircraft called the Neuera™. This was followed by the development and initial flight-testing of a four-passenger VTOL aircraft called the Skycar®. The Skycar® has the potential to provide an airborne alternative to a significant portion of the miles now traveled by automobile. Both aircraft use the Company’s Rotapower® rotary engine, designed specifically for applications requiring high power along with low weight, volume, hazardous emissions, fuel consumption and cost per horsepower.
The Skycar® and Neuera™ have 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.”
Skycar®, Neuera™ and Rotapower® are trademarks of Moller International in the USA and other countries.
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. CONTACT:
Moller International
Bruce Calkins, 530-756-5086 ext 33
Facsimile: 530-756-5179
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