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Aero Performance Products, Inc. Announces Progress of EU Patent Protection as Part of European Expansion Strategy
Monday, January 28, 2008
South Jordan, UT -- Aero Performance Products, Inc. (PINKSHEETS: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced that it has received preliminary approval from the European Patent Office for the patent application on Aero's product technology in 18 European countries. The patent protection is being pursued as Aero executes a comprehensive European distribution strategy, which was launched with a distribution agreement in the United Kingdom and is expected to include additional distribution agreements in countries throughout Europe.
Aero's legal counsel for patent matters received a correspondence that the Examining Division of the European Patent Office intends to grant a patent based on the information that was submitted. With the order for allowance now in place, translations of the claims into French and German must be filed and the text to be granted must be approved by Aero. The countries available for the filing of the patent are: Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Great Britain, Greece, Ireland, Italy, Liechtenstein, Netherlands, Portugal, Spain, Sweden, Switzerland, and Turkey.
"Given the increasing awareness of Aero and the high degree of interest in our products across Europe, securing European patent protection is a priority," stated Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc. "The Aero sales team is in contact with potential distributors in several additional European countries, and we look forward to announcing new distribution agreements during the first quarter of this year."
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About Aero Performance Products, Inc.
Aero Performance Products, Inc. operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Aero's product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.com.
Safe Harbor Statement
The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K for fiscal year 2007 filed with the Securities and Exchange Commission.
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