Steven Testrake
Escondido, CA (USA)
Role(s):
Testrake Aviation Inc
Find More Startups
Startup
Location:
Escondido
Industry:
Transportation
Year Founded:
2004
Number Employees:
INVALID
Description:
Testrake Aviation Inc (TAI) is developing the SGT-200 and SGT-300 family of training aircraft for entry level military and airline pilots. The aircraft will leverage new technology, merged with legacy technology, to produce a safer, more cost effective training environment for ab initio flight schools. This venture anticipates a market need for approximately 1500 new aircraft over the next 15 years, and TAI anticipates garnering 30% of those sales. Development costs, including detail design, prototyping and civil certification are anticiptaed to be on theorder of $30 million US. Gross revenues are estimated to be approximately $146 million US in 2006 dollars. Teaming relationships with US and overseas firms are begining to firm up. We are seeking start-up capital and sound business experti