We have reached significant milestones.
- Raised more than $1,800,000 through April 2009.
- Acquired a production facility that is permitted to allow plastics production.
- Production molds are completed and we are now producing Roadster bodies.
- Hired a complete crew of Plastics production employees.
- Hired Pat Blair, NASCAR race car designer who authored the NASCAR frame designed for the American Roadster to NASCAR standards.
- Started the production lines for the Roadster bodies, NASCAR frames and final assembly.
- Attained a sales backlog of over $ 20,000,000.
We currently have a production facility that is about 19,000 square feet of interior space. The space contains a separate area devoted to plastics production, a separate area large enough to house our Frame production line and our Final Assembly line. In addition there is office in the front of the building. We have 2.5 acres on the ground with a very large fenced and paved area for product storage.
We are ready for production, having completed the development work necessary for the ongoing production of our products. Unfortunately, our current facility is too small for a production facility capable of producing enough product that we will be able to be visible in the market place. We are currently looking to add a facility in TN, but we need to raise additional capital in order to qualify for the Economic Development Bonds that are available to us when we meet the banking requirements.
Gene Garvin, a Production Engineer, has designed a production line for our Eugene, OR production facility. It will be the template that we use when we gain access to larger space. With the larger space we will be able to work with four major areas: plastics production for the bodies; production area for the production of the compressors; production line for the completion and assembly of the Roadsters; and, a production area for the production of engines. We expect to be able to produce 2,000 Roadsters per month once we have the line in place and all employees trained. He is also working on the layout for one of several possible factory buildings that we are looking at acquiring. Increasing production through the help of Economic Development agencies takes 8-12 months to accomplish so we are currently working on finding and negotiating the acquisition of such sites.
We are looking to have the plant manager be the man that managed the building and production of vehicles in the first Toyota plant in the United States.