Company: Engineered Propulsion Systems Inc.
Location: New Richmond
Founded in: 2006
What they do: Engineered Propulsion Systems (EPS) is designing a new diesel engine that the company’s owners hope will change the course of general aviation by offering significantly better fuel efficiency than today’s gasoline-powered engines. Since its inception, EPS has been working on documenting and building a proof-of-concept engine, which has recently entered its flight testing phase. Early results are encouraging. “At a high power cruise of 263 horsepower, we’re burning 35 percent less fuel than the engines on the market today,” states EPS President and CEO Michael Fuchs. Aviation legend Dick Rutan commented after the company’s first flight that EPS has realized “a new paradigm in aviation!”
How they’re growing: Since its inception, EPS has been working on documenting and building a proof-of-concept engine, which has recently entered its flight testing phase. Early results have been encouraging, and the company is preparing for FAA certification tests in hopes of beginning manufacturing and product delivery in 2017.
What they’re saying: “Our vision is to grow a high-technology manufacturing unit that develops our brand to signify a product of the highest quality and value.” – Michael Fuchs, President and CEO, Engineered Propulsion Systems