Moller International Inc. has received a signed memorandum of understanding from Athena Technologies Inc. agreeing to form a joint venture with Moller International to produce Moller International's vertical take-off and landing (VTOL) aircraft. The agreement states that the newly formed Joint Venture (JV) is to provide Moller International with funding for US operations and paid consulting services for an as yet undetermined amount. Furthermore the objective of the JV is to seek out and establish agreements for aircraft production and assembly facilities in the Public's Republic of China.

In addition to the paid services and support for US operations, Athena and/or additional JV partners will provide Moller International with a minority position in any new venture which might be established in the People's Republic that assembles or distributes Moller International's aircraft.