18 July 2002
18 July 2002
Autocarbon has received its first orders for carbon composite hard tops from Morgan Motor Company.
Morgan, which is the oldest private motor manufacturer in the world, was founded in 1906. Autocarbon will be delivering carbon composite hard tops against purchase orders. Autocarbon has also received orders totaling approximately $167,000 from Aero 8 Racing Ltd, a supplier of accessories and aftermarket car parts, for the purchase of front spoilers, fenders, hoods, carbon hard tops and boot top wings. Autocarbon has also delivered parts for the GTN class car in the Le Mans 24 Hour race in France, June 2002.
""This has been an exciting year for Autocarbon,"" commented James Miller, President. ""We became a publicly reporting company in May of this year and we are presently in the process of developing our company in order to achieve our goal of becoming a leading provider of carbon composite parts for the automobile industry. The Carbon and Composite Products industry is going through a transitional phase with respect to the transfer from traditional steel construction to the ever-increasing inclusion of composites. Our goal is to become a leader in this area of composite technology and to become a major component supplier to the automotive industry.""
Autocarbon was formed to market and sell carbon and composite components to the automobile industry such as wheels, body panels, brake and suspension parts, which are currently made from aluminum or steel. Autocarbon currently markets and sells products manufactured for it by Rocket Composites, Ltd., a private company located in the United Kingdom that is wholly owned, controlled and operated by James Miller, Autocarbon's President. Rocket's manufacturing operations, warehouse, and corporate offices are located in the United Kingdom. Since May of 2002, the company has been listed on the OTC Bulletin Board.
Autocarbon's business strategy is to penetrate the automotive industry by providing leading carbon composite products at a reasonable cost. Autocarbon's initial focus will be the auto industry and the many different types of components consisting of wheels and other body parts that are used in the production of automobiles.
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