Any body notice the new agreement?
Venga signs contract for engineering assessment
Toronto -Venga Aerospace Systems Inc. has signed a contract with Mercer Engineering Research Center (MERC) for the analysis of the engineering data associated with aircraft formerly known as the TG-10 Brushfire. Mercer is an operating unit of Mercer University in Warner Robbins, Georgia. Mercer's primary customer is the United States Air Force and have performed engineering analysis work on some of the worlds premier aircraft such as the F-15 Eagle, and the C-130 Hercules as well as other military and civil aircraft.
The assessment of the Venga aircraft will determine such items as the maximum performance characteristics of the aircraft at various altitudes, the maximum loads and load capacity of the aircraft, and the structural strength of the aircraft design. It is expected that the evaluation will provide a critical validation of the design, and will allow for any improvements that may be required in order to satisfy the requirements of Venga's potential customers. The entire analysis will take approximately 4 months, during which time interim reports will be available after each major task is accomplished. The first of these reports is expected in early July.
In the press release of May 20,1998, it was stated that the molds, finished components, and tooling that have been stored since 1995 were to be moved to Auriga's facility in order to conduct an evaluation. Most of these components referred to were destroyed by fire on May 23, 1998. An investigation into the cause of the fire is underway and upon receipt of the results, management will determine what actions if any should be taken. In consultation with Auriga and our potential customer, it was agreed upon and decided that our efforts and resources should now be focused only on completion of the actual flying prototype instead of developing a mock-up.
Venga is a public company quoted on the Canadian Dealing Network and is designing an all composite aircraft for use as an aerial target/drone as well as future introduction as a two place basic jet trainer. The aircraft was formerly known as the TG-10 Brushfire.
Gary
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