(April 2, 2012) RAAMDONKSVEER, The Netherlands — The Dutch company PAL-V 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.

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 infrastructure is required because it uses existing roads and airstrips.

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



Robert Dingemanse, CEO and co-founder of PAL-V said, "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."

A PAL-V offers the choice of flying like a plane or driving like a car. This means fast door-to-door mobility for private individuals as well as professionals and organizations. The flying range will be between 220  and 315 miles depending on the type and pay load. Driving, a PAL-V will have a range of about 750 miles. It runs on gasoline and there will also be versions that use biodiesel or bio-ethanol. It can reach speeds of up to 110 miles per hour both on land and in the air.

On the ground the aerodynamic, three-wheeled vehicle combines the comfort of a car with the agility of a motorcycle thanks to its patented, cutting-edge, "tilting" system. Driving, a PAL-V accelerates like a sports car.

Flying, a PAL-V is like a standard gyrocopter. It is quieter than helicopters due to the slower rotation of the rotor. It takes off and lands with low speed, cannot stall, and is very easy to control. This makes a PAL-V one of the safest types of aircraft. Obtaining a license requires only 20 to 30 hours of training.

It is possible to land a PAL-V practically anywhere. For take-off, a strip of 540 feet is enough and it can be either paved or grass.

In the US and in Europe government-funded programs are determining the infrastructure of "digital freeways" to provide safe corridors using GPS technology. The technology is available today to allow personal air traffic to grow safely. PAL-V is determined to play a leading role in this market.

The company management consists of a team of Dutch entrepreneurs with expertise in aviation, automotive, research, and marketing. PAL-V succeeded in gathering the best talent available. The company was initially funded by a group of informal investors and also received a loan from the Agentschap NL. Three Dutch ministries are supporting the project based on its technical innovation and economic potential.

Professionals and corporations are investigating the efficiency and improved effectiveness a PAL-V will bring to their operations. Potential lead customers such as police, the military, and flying doctors have expressed interest for surveillance, mobility, aid in post-war situations, and homeland security. Initial talks about specific requirements are underway.

Now that the final product development phase has been reached, PAL-V Europe will invite new investors to fund the development of the commercial product and the market launch.

A flying car has been a dream cherished for almost 100 years. Now it has become reality. This will be a revolution in door-to-door transportation similar to the transition from horse-and-buggy to the automobile. Leave home and fly-drive to almost any destination. Avoid traffic jams and cross lakes, fjords, rivers or mountain ranges like an eagle. Touch down on the other side and drive to your final destination. The PAL-V combines in one vehicle the freedom and excitement of flying like a bird in the sky with the choice of breathtaking driving performance on the roads and highways. It offers an unprecedented freedom in mobility.