04/04/2012 FLying Car Makes Successful Maiden Flight

The Dutch Company PAL-V Europe NV has successfully concluded test flights of its flying car, PAL-V (Personal Air and Land Vehicle). During the past two weeks, several test flights were conducted at the Gilze Rijen Airport (The Netherlands). The patented vehicle flies in the air like a gyrocopter with lift generated by an auto-rotating rotor and forward speed produced by a foldable push propeller on the back. On the road it drives like a sports car. No new infrastrcture is required because it uses existing roads and airstrips.

Markoen Investments is one of the thirty shareholders in PAL-V Europe NV

Dutch Innovation

A team of top engineers has been working on the first prototypes since finalization of the design concept in 2008. Renowned institutes such as the Dutch National Aerospace Laboratory and Delft University have also been involved in the development. The driving prototype was fully tested in 2009 and now the flying-driving prototype has made its first flights. The PAL-V complies with existing regulations in all major markets, which means that the vehicle is allowed both in road traffic and in the air.

Robert Dingemanse, CEO and co-founder of PAL-V commented: “We are very proud to announce this successful maiden flight of the PAL-V and we now invite investors to create the future with us. We know there is a lot of interest for the PAL-V. Prior to announcing these test flights, we were already approached on a daily basis by potential customers and dealers wanting to be part of this exciting project”.

More information: www.PAL-V.com