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Bye Aerospace Launches "Aero Electric Aircraft Corp."

DENVER, Colorado - April 28, 2014 - Bye Aerospace, Inc. has launched Aero Electric Aircraft Corp. (AEAC), naming industry veteran Charlie Johnson AEAC's President and Chief Operating Officer.

AEAC was created to produce and market, under license agreement from its technology partner, PC-Aero, a 2-seat solar-electric light sport aircraft named "Sun Flyer." The company will bring to market the first practical all-electric airplane serving the training, recreational and general aviation markets.

Johnson, who for the past four years has been involved 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.

"Our primary focus will be flight schools with a higher utilization rate and aircraft rental operation compared to personal use aircraft," Johnson said. "We believe that the lower operating costs, along with the simplification of the frequent maintenance checks required by the FAA for training operators, will result in lower overall costs for Sun Flyer."

The current schedule has AEAC receiving an experimental prototype Sun Flyer aircraft at the end of the first development period. Through a license relationship, essentially all of the preliminary design and development of the technology demonstrator for Sun Flyer has been completed and is expected to be unveiled later this year.

George E. Bye, CEO of Bye Aerospace and Chairman of the Board of AEAC, said initial interest from potential customers for Sun Flyer has been robust. "Pilot training schools, in particular, appear ready to look at other options," he said. "Our challenge is to combine the operation and cost benefits of electric propulsion with the demands for sturdy, reliable, durable aircraft."

ABOUT BYE AEROSPACE, INC. Bye Aerospace, founded in 2007 and headquartered near Denver, is applying clean energy solutions to innovative aircraft designs for the general aviation and defense markets. For more information, go to www.ByeAerospace.com.

ABOUT AEAC Aero Electric Aircraft Corp. was created to produce, under license, the 2-seat "Sun Flyer" aircraft and bring it to market. For more information, go to qtclient.com/wordpress.

ABOUT PC-AERO, GMBH PC-Aero GmbH specializes in the complete design, prototyping and certification of general aviation aircraft. The core competences of the company are general aerodynamic layout, flight mechanics and simulation, structure layout, load assumptions, structure calculations and fatigue test. For more information go to www.PC-Aero.de.

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