SOURCE: MP2 Technologies.
MP2 Technologies, Inc.Announces the Acquisition of Weatherly Aircraft Nevada, Inc.
Jeff Magnus, COO of Weatherly and a seasoned veteran of the aircraftindustry having directed the operations of two Fixed Base Operations, stated, "Theacquisition of Weatherly by MP2 sets the stage for the initiation ofmanufacturing of new aircraft, the selling of parts for the plane, and the expansionfunding for the operations of the company." He further stated, "We have pendingorders that need to be filled immediately and more orders that we expect toreceive in the near future."
Weatherly believes that the market for the Weatherly aircraft is largerinternationally than it is in the U.S. Orders have already been received fromcountries in the Middle East and
Patrick Thomas, President of MP2, stated, "We see an enormous opportunityin Weatherly Aircraft as it is seen asthe "gold standard" in this market. It also has a strong and loyal base ofusers who we hope will immediately begin buying parts and new planes fromWeatherly as soon as they are available. He added, "This is the first of whatwe hope to be several acquisitions over the next 2 years that support theWeatherly aircraft market."
Weatherly Aircraft Nevada, Inc. designs, manufactures andsells cost efficient, safe and reliable aerial application aircraft foragricultural, chemical and fire fighting applications. The Weatherly aircraftare based on an FAA issued "Type Certificate" for which the Company has thelicensing rights. The current fleet size of Weatherly aircraft in service on aworld wide basis is in excess of 200 units. The Company intends to open its new
For more information about MP2 and Weatherly go to www.mp2technologies.com .