
COME VISIT US AT the Farnborough Air Show
HALL 2 C 3
This has been a super show for us.
Annual Meeting Set
The Annual Meetings for the Family of Companies have been set for 25 August 2010 in Gibraltar. Notices for the meetings and proxies will again be sent out electronically to all shareholders recorded on or before Friday, 30 July 2010 unless paper notices and proxies are requested. As usual, the annual reports will be posted on the web pages and voting will be on the web pages.
In order to assist us in reaching all our shareholders, if you have not already done so, please send to addresses@borealis.com your e-mail address and those of any other Borealis Family shareholders you may know to us along with your approximate shareholdings in the various companies.
WheelTug plc
-
http://www.marketwire.com/press-release/WheelTug-Announces-Partnership-With-World-Class-Landing-Gear-Team-1291998.htm
WheelTug Announces Partnership with World-Class Landing Gear Team
Farnborough, UK, 19 July 2010 -- WheelTug Limited, developer of the WheelTug aircraft electric drive system, has retained Endeavor Analysis, LLC, a leading consulting firm on aircraft landing gears, to provide structural and strength analysis work for the landing gear connected to the WheelTug system.The agreement was announced today at the biennial Farnborough Air Show, now underway here.
"We are delighted to add Endeavor Analysis to the team," said WheelTug's CEO, Isaiah Cox. "They add the pedigreed landing gear expertise to handle the development and certification of the WheelTug system for the 737 and beyond."
"EA looks forward to joining the WheelTug team and working together to bring this exciting new technology through development and into production," said Endeavor Analysis' Co-Owner, Scott Perkins.
The patented and proprietary WheelTug® electric drive system uses high-performance electric motors, installed in the nose gear wheels of an aircraft, to provide full mobility while on the ground, without the use of the aircraft's jet engines or external tugs for both pushback and taxi operations. WheelTug enables aircraft to be electrically driven from the terminal gate to the takeoff runway, and upon landing from runway exit to the gate. The resulting improvements in efficiency, flexibility, fuel savings, and reduced engine foreign object damage (FOD) yield projected savings of more than $500,000 per aircraft per year, plus substantial reductions in CO2 and other greenhouse gas emissions.
The WheelTug system is being developed initially for the Boeing 737NG, one of the world's most widely-flown aircraft; systems for other models of commercial and military aircraft will follow.
Endeavor Analysis, based in Kent, Washington (USA), is an aerospace structural engineering company that supports airframe manufacturers and others with component design and structural analysis services, with particular capabilities in landing gear design and analysis. EA has developed a strong employee base to go along with state-of-the-art hardware and software. Since its inception, EA has built a repeat client base of many world class aerospace companies, including Airbus, Messier-Dowty, GE Aviation, and Bombardier.
The principals of Endeavor Analysis, Scott Perkins and Brian Reiling, have extensive experience in the design and structural analysis of landing gears, including overseeing the development of the B787 nose and main landing gear as Program Chief Engineer, and Chief Engineer, respectively.
WheelTug Limited is a subsidiary of WheelTug plc, based in Gibraltar, which is a majority-owned subsidiary of Chorus Motors plc(OTC:CHOMF), also based in Gibraltar.
For more information:
Isaiah Cox, President
WheelTug plc +44 (0)20 7993 4293
+1-410-419-0082
exec@wheeltug.com
www.wheeltug.com
Scott Perkins, Co-Owner
Endeavor Analysis, LLC
+1-253-212-8101
scott.perkins@endeavoranalysis.com
www.endeavoranalysis.com
--------------------------------------------------
-
http://www.marketwire.com/press-release/Travel-Service-Airline-Support-Development-WheelTug-Electric-Aircraft-Drive-System-1293350.htm
Travel Service Airline to support development of WheelTug® electric aircraft drive system
Farnborough, U.K. -- 07/21/2010 -- The Czech Republic aviation industry is stepping forward as an important player in the greening of airlines and airports with the announcement that Travel Service Airline, the Prague-based low cost and charter carrier, will actively support development of a new technology enabling aircraft to use on-board electric motors to taxi between terminal gates and runways.
Travel Service, named among the 100 Best Companies of the Czech Republic, will provide WheelTug with valuable operational information, as well as access to aircraft in connection with the design, development and testing of the WheelTug® system.
Announced at the Farnborough International Airshow, Travel Service joins WheelTug plc, Letiste Praha, a. s., operator of the Prague Airport and numerous other partners engaged in development and certification of the WheelTug system, a patented electric drive system incorporating high performance electric motors installed in the nosewheels of aircraft.
"As one of the fastest growing charter airlines in Central Europe, we are very much interested in reducing our fuel consumption, ground handling cost and emissions of all kinds. We are encouraged by the relative simplicity of WheelTug system and especially with the fact that it can be installed as a retrofit to the existing aircraft literally overnight. We are pleased to support WheelTug development by providing access to our aircraft, as well as data and operational feedback," stated Roman Vik, General Director of Travel Service.
"Travel Service is a wonderful addition to the WheelTug team," said Isaiah Cox, WheelTug's CEO. "They have been assisting with development since March, which was pivotal for the 'in-wheel' packaging design we recently announced. We look forward to growing this relationship during development and certification of the WheelTug System."
WheelTug, appearing at Farnborough booth H2/C-3, is a unique concept in aircraft ground operations. This patented electric drive system incorporates high performance electric motors installed in the nosewheels of aircraft, providing full mobility on the ground without the use of the aircraft engines or tugs for gate pushback and taxi operations. WheelTug enables aircraft to be driven without using their engines from the terminal gate to the runway, and from runway exit to the gate, upon landing. The resulting improvements in efficiency, flexibility, fuel savings, reduced engine damage and CO2 emissions yield projected savings of more than $500,000 per aircraft per year The WheelTug system is projected to reduce aircraft taxi-mode fuel consumption and CO2 emissions both by 66%, and to reduce hydrocarbon emissions by 75% per flight cycle.
The first systems are being developed for the Boeing 737NG aircraft family, and are expected to receive government certification by early 2012; systems for other aircraft models will follow.
About WheelTug plc:
WheelTug plc, based in Gibraltar, is developing the WheelTug electric drive system to move aircraft on the ground. http://www.wheeltug.gi WheelTug is a majority-owned subsidiary of Chorus Motors plc (US OTC: CHOMF). Forward Looking Statement may be found at http://www.chorusmotors.gi/fwdlook.shtml. WheelTug can be found at the Farnborough International Air Show, Hall 2, C-3.
About Travel Service:
Travel Service Airline
Travel Service Airline, established in 1997, is the largest Czech private air carrier and one of the fastest growing charter airline companies in Central Europe. Since 2004, it has been operating regular low-cost flights in Europe under the "Smart Wings" brand. Travel Service Airline flies to more than 250 airports worldwide throughout the year. In 2009, Travel Service Airline transported 2.7 million passengers not only in the Czech Republic but also in Hungary (Travel Service Kft). Travel Service's fleet comprises 26 modern aircraft.
Media Contact for WheelTug plc:
UK and US
Isaiah W. Cox
CEO
+44 (0) 207 993 4293
+1 410 419 0082
Exec@wheeltug.com
Czech Republic
Jan Vana
Business Development
+420 724 276 506
jv@wheeltug.com
http://www.wheeltug.com
Media contact for Travel Service:
Vladka Dufkova
http://www.travelservice.aero
tel.: +420 220 115 069
e-mail: vladka.dufkova@travelservice.aero
WheelTug Private Placement Memorandum
We have updated the PPM, which we will show only to a few Qualified Investors under NDA for a few WheelTug plc shares. This placement should give us the funds for WheelTug plc to go cash flow positive. Contact exec@wheeltug.com and we will send you a copy.
You can call me on my personal direct numbers +1 971 223 3850 or +44 207 101 9592 if you want to discuss.
Farnborough Airshow
Come see us at Hall 2/C3 thanks to ICE!!!
http://www.farnborough.com/
COME VISIT US !
Advanced Explorations
-
http://www.marketwire.com/press-release/Advanced-Explorations-Concludes-Memorandum-Understanding-With-China-Xinxing-Pipes-Group-TSX-VENTURE-AXI-1291937.htm
Advanced Explorations Concludes Memorandum of Understanding With China Xinxing Pipes Group Co. Ltd.
8:15 AM ET, July 19, 2010
TORONTO, ONTARIO, Jul 19, 2010 (MARKETWIRE via COMTEX) -- Advanced Explorations Inc. (the "Company" or "AEI") (AXI)(FRANKFURT: AE6) is pleased to announce that it has concluded a memorandum of understanding ("MOU") with China based Xinxing Pipes Group Co. Ltd. ("XXP"). The Parties have agreed to general terms and conditions of a proposed strategic partnership and investment that will allow XXP to acquire a significant interest in AEI and/or the Roche Bay and Tuktu projects.
Subject to TSX Venture approval, the MOU sets out an option for XXP to initially acquire 19% of the Company's issued and outstanding common shares by way of private placement at a price equal to or greater than $0.25 per share. The initial acquisition would also include a seat on the AEI Board of Directors. XXP is expected to complete its due diligence by August 30th, 2010 and work together with AEI to conclude the terms for its strategic investment.
In addition to the strategic investment, XXP and AEI will jointly determine project development plans that are to be financed through the XXP partnership.
John Gingerich, President and CEO, commented:
-
"The Xinxing Pipes Group is one of the world's largest producers of steel pipes with expertise across the full spectrum of the iron ore and steel industries. AEI is very pleased that a company with both the financial strength and technical expertise such as XXP has expressed its strong interest in cooperating with AEI. The Companies are jointly assessing the various startup and development scenarios as part of the due diligence process. The Definitive Feasibility Study will be the responsibility of XXP with a likely primary focus being a startup concentrate operation which will substantially reduce initial capital requirements for the project. The deal is also expected to include an off-take agreement with XXP."
XXP is a State Owned Enterprise located in China, and as a partner in the Roche Bay project would remain focused on taking the project to development. AEI will also begin to assess other growth opportunities to enhance shareholder value and accelerate assessment on non-core precious metal and other mineral assets.
AEI further announces that, pursuant to the Company's Stock Option Plan approved at the June 16, 2010 Annual General Meeting and subject to TSX Venture Exchange approval, it intends to issue a total of 775,000 options to directors and consultants at a price of $0.17 per common share exercisable in whole or in part on or before five years from the date hereof.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
ABOUT Advanced Explorations Inc.
Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company focused on developing high quality iron ore opportunities. Currently, the company holds interests in projects located in Nunavut with low infrastructure needs. The Roche Bay magnetite project is located on the coast and is bolstered by a deep water access to its eastern coast. The Company intends to build upon logistical benefits when developing its current projects at Roche Bay and Tuktu. AEI plans to produce high quality iron products from the 357 million tonnes inferred resource of the project's C-Zone. Its preliminary economic assessment for the project indicates a potential US $2.76 billion net present value, a minimum of 50 years mine life and a return on investment between three and five years. Led by an experienced management team with technical, exploration and mining expertise the company has the capabilities to rapidly advance the Roche Bay and Tuktu Projects and explore other local and global opportunities.
This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Advanced Explorations Inc.
(416) 203-0057 x226
SOURCE: Advanced Explorations Inc.
Roche Bay plc / Faraway plc
Major programs continue by the Geological Survey of Canada (GSC) and several public companies on Melville Peninsula.
There is still much more information to come out of last year's work.
Exciting times.
Power Chips plc / Cool Chips plc / Avto Metals plc
Serious industry interest. Top level negotiations continuing.
Iron Ore Price
http://www.bloomberg.com/apps/cbuilder?ticker1=TSIPIO62%3AIND show some stability at
US$121.60 (21 July 2010) up from the apparent bottom and down from a top of US$186.
This is truly a volatile and unpredictable controlled market.
Share Prices
For 15 July 2010 through 21 July 2010
Company = Symbol = High === Low == Last = Change == Volume === Bid == Ask Borealis Exploration Limited . BOREF . $2.25 . $2.25 . $2.25 . - .n/c . ..1,874 . $2.40 . $3.00 Chorus Motors plc . CHOMF . did not trade . $2.00 . . .... . ......0 . $2.10 . $4.50 Cool Chips plc . COLCF . did not trade . $0.30 . . .... . ......0 . $0.10 . $0.51 Power Chips plc . PWCHF . did not trade . $1.30 . . .... . ......0 . $0.75 . .n/a. Roche Bay plc . RCHBF . did not trade . $0.02 . . .... . ......0 . $0.03 . .n/a. n/a = not available Advanced Explorations Inc. (Joint Venture with Roche Bay) TSX:AXI .C$0.210 .C$0.170 .C$0.175 + ..n/c ..799,151 .C$0.170 .C$0.175 FWB:AE6 .EU0.141 .EU0.126 .EU0.126 - 0.009 ..465,725 . . .n/a . . .n/a Xtr:AE6 . . did not trade .EU0.146 . ..... ........0 . . .n/a . . .n/a
We are buyers of many of our shares though we do not make a market in any of our shares. Contact us at exec@borealis.com and we will buy direct with no commissions.
There is serious trading in Frankfurt AE6 and in Toronto on AXI.
Approximate market value of the BOREF, CHOMF, PWCHF, COLCF and RCHBF at last sale prices or bid whichever is higher on 21 July 2010:
US$30 million
Sign off
King Solomon had the best intentions for the Jewish Nation -- but he still bankrupted it and led it to its destruction.
The current administration probably means well.
Because of the intensity of feelings on both sides, we will refrain from any commentary on the US economy or the US government.
We will continue to comment on Non-US Governments and issues as they arise.
Feel free to call me at any time.
Our crew is having a blast at Farnborough.
We plan on making the annual air shows at Farnborough and Paris from now on.
Good Shabbos
rtc
iwc
###
##### ######
######## ########
############ ### ##
### ############## #
## * # **## * #####
# # *** ** **######
### ** ** *** #####
#### ****** ####
# *** ####
**
**
**
**
@#@#@#@#@#@#@#@#@#@#@#@#@#@#@#@#@
|
The discussion of the Companys business and operations in this report includes in several instances forward-looking statements, which are based upon managements good faith assumptions relating to the financial, market, operating and other relevant environments that will exist and affect the Companys business and operations in the future. No assurance can be made that the assumptions upon which management based its forward-looking statements will prove to be correct, or that the Companys business and operations will not be affected in any substantial manner by other factors not currently foreseeable by management or beyond the Companys control.
All forward-looking statements involve risks and uncertainty, including those described in this report, and such statements shall be deemed in the future to be modified in their entirety by the Companys public pronouncements, including those contained in all future reports and other documents filed by the Company with the relevant Securities Commissions.
Wheeltug and Chorus are Registered Trade Marks of Borealis Technical Limited




