Groen Brothers Aviation (GNBA)

Groen Brothers Aviation, Inc. was originally incorporated in the State of Utah on July 28, 1980 as New Wave Energy. On October 23, 1990, the name of New Wave Energy was changed to Groen Brothers Aviation, Inc. It is engaged in the business of designing and developing new technology for gyroplane and gyrodyne rotor-wing aircraft for military and commercial uses. The Company's gyroplane technology capabilities, through the use of advanced software applied to the versatility of composite materials for rotorcraft, have led to the initial design by it of a new six passenger seat (plus pilot) aircraft, preliminarily named the Hawk 6, and now renamed the ArrowHawk. This gyroplane aircraft extends and enlarges the commercial market potential of the Hawk 4, offering economic and performance advantages over competitive aircraft types for such applications as tour operations and pipe/power line patrol. As of the date of this Report, it is seeking funding to finalize the design and certification of the ArrowHawk for commercial production. The Company's products and intended products are principally impacted by United States laws and regulations, but also by requirements in its export markets.