Parker Aerospace and WheelTug Announce Agreement

Parker Aerospace and WheelTug Announce Agreement 
AVON, OH -- (Marketwire) -- 11/19/12 --  WheelTug plc is pleased to
announce that it has entered into a Memorandum of Understanding with
the Aircraft Wheel & Brake Division of Parker Aerospace, whereby
Parker will be the exclusive supplier of wheels for the WheelTug
system on the Airbus A320 and Boeing 737NG families of aircraft.
Parker and WheelTug have been collaborating on this project for some
months, and look forward to bringing the WheelTug system to market.  
"Parker is widely respected and highly capable," says Isaiah Cox, CEO
of WheelTug plc. "We look forward to working with them on this
exciting project, and value the technical expertise they bring to
WheelTug's development. Many of the current development partners,
such as ICE Corp, have worked with Parker for many years on aircraft
projects and look forward to applying their considerable aviation
prowess to this program." 
Michael Walasinski, Managing Director of Aircraft Wheel and Brake,
says, "We have worked with WheelTug's team on this project for most
of 2012. We are excited about the scale of the business opportunity,
the technical expertise of the WheelTug partners, and our positive
working relationship."  
The WheelTug(R) aircraft drive system uses high-performance electric
motors, installed in the nose gear wheels of an aircraft, to provide
full mobility while on the ground, replacing tug vehicles and the use
of jet engines for pushback and taxi. 
Current commercial aviation practice utilizes a tug for aircraft gate
pushback, while forward taxi is powered by the aircraft's engines.
Typically, a taxiing Boeing 737 burns 24 to 27 pounds of fuel per
minute. The WheelTug uses only four pounds of fuel per minute because
it is electrically powered by the aircraft's auxiliary power unit
(APU). This represents an 80% reduction in ground operation fuel
consumption. 
In addition to lower ground operation fuel consumption, other
benefits of the WheelTug aircraft drive systems include:
substantially reduced carbon dioxide and other greenhouse gas
emissions, increased safety and flexibility of operations, faster
turnaround times, reduced engine wear and repair costs, and decreased
noise pollution. WheelTug estimates the total savings at over
US$500,000 p
er aircraft per year. WheelTug systems will be offered to
airlines entirely on a lease, or power-by-the-hour model, so that the
systems can be installed and operated on aircraft without any capital
expenditure on the part of airline customers. 
Other WheelTug partner companies include Gables Engineering, Resource
Group, Co-Operative Industries, ICE Corporation, Endeavor Analysis,
and Dynetic Systems.  
WheelTug plc successfully installed and tested the first in-wheel
WheelTug system in Prague in June. Video from the tests is available
at: http://media.wheeltug.com.  
About Parker Aircraft Wheel & Brake. Since 1936, Parker has been a
recognized leader in the manufacture of aircraft wheel and brake
systems and related hydraulic products for the general aviation,
business aviation, rotorcraft, and military aircraft markets,
including the popular Cleveland Wheels & Brakes product line. The
Aircraft Wheel & Brake Division is part of Parker Aerospace, a global
leader in the research, design, manufacture, and service of flight
control, hydraulic, fuel and inerting, fluid conveyance, thermal
management, and engine systems and components for aerospace and other
high-technology markets. Parker Aerospace is an operating segment of
Parker Hannifin Corporation (NYSE: PH). For more information, visit
the company's web site at http://www.parker.com. 
Forward-Looking Statement (http://www.wheeltug.gi/fls.shtml)  
For more information: 
Isaiah W. Cox
CEO
WheelTug plc
+ 44 (0) 20 7993 4293
+ 1 (410) 419-0082
exec@wheeltug.gi
http://www.wheeltug.gi