Funds invested by two area angel groups were presented to officials with Engineered Propulsion Systems Inc. Nov. 15 at the New Richmond Regional Airport. Pictured,left to right, are John Soderberg, First National Community Bank; Paul Mayer, president of the New Richmond Area Economic Development Corp., representing the New Richmond Angel Investment Network; Steven Weinzierl, vice president of EPS; Dick Rutan, technical advisor for EPS; Michael Fuchs, president of EPS; Peter Marsnik, manager of the Chippe...
Aircraft engine invention prepares to take flight
Engineered Propulsion Systems Inc. of New Richmond is on the verge of something big.
For more than six years, engineers Steven Weinzierl and Michael Fuchs have been convinced that they'd come up with the perfect idea for an innovative, low-cost diesel engine for general aviation aircraft.
Their challenge, however, has been to convince others that their idea was worthy of financing.
This week, the two inventors celebrated achieving that major goal.