REFLECTOR: Velocity, Inc acquisition by RRCC

[Terry Miles]

We are a family.  This is a change.  Good luck to you, Scott, and to us all,
but especially to those who make their livelihood around this airplane.
Thank you for the updates.

Warm regards,

Terry Miles

 

 

  _____  

From: reflector-bounces at tvbf.org [mailto:reflector-bounces at tvbf.org] On
Behalf Of Scott Baker
Sent: Tuesday, April 15, 2008 9:20 PM
To: Velocity Aircraft Owners and Builders list
Subject: REFLECTOR: Velocity, Inc acquisition by RRCC

 

A Note to Fellow Velocity Aircraft Owners and Pilots Regarding the Recent
Acquisition of the Company by Rocket Racing Composites Corporation -

 

Many have caught news of the recent buyout of Velocity by Rocket Racing
Composite Corporation.  Questions abound about what this means for the
Company and for Velocity aircraft builders, owners, and pilots.  I'd like to
offer details about the buyout and how it affects us all.

 

Rocket Racing Composites Corporation (RRCC) is a newly formed technology
subsidiary of Rocket Racing, Inc (RRI).  Yesterday it was announced at a
major press conference that RRCC recently acquired Velocity, Inc.  The
acquisition planning spanned several months; and was completed just a few
days ago.

 

Velocity, Inc is strong and will continue as a manufacturer and parts
provider focused on the Experimental-Amateur Built aircraft market.
Operations at Velocity will only get better - which means better support and
better products for owners and builders!  One of our first goals is to
develop a comprehensive parts manual for Velocity aircraft.  Imagine
ordering a part by its part number instead of asking for "the big thing that
sits underneath the small metal thing that's behind the crooked looking
thing in the nose of the aircraft"!

 

Key members of Velocity management remain in place today and for years to
come.  The core management group of Duane Swing, Scott Swing and I will
continue managing the Company, although some of the titles have changed.
Duane is the CEO and will focus his time between the business of the Company
and assisting RRI with rocket engine integration into Velocity airframes.
Scott Swing is Vice President of Product Development and will continue as
the chief of the Velocity Service Center; and I will continue direct
oversight of manufacturing and administration while assuming the duties of
President.

 

New to the management team is Don Hauck (hawk), who is the Vice President of
Sales.  I hope that everyone gets the opportunity to meet Don.  He is an
exceptionally talented pilot, salesperson, conversationalist, and someone
with whom we all form an instant friendship.  Don comes to Velocity as the
leading sales person from Columbia.  He has flown several times in a
Velocity XL and is "converted" to all that we hold sacred, that canard
aircraft rule!  Don was instrumental in developing the cabin class, turbine
aircraft design that was shown to the press on Monday.  Don dreams big.  Big
dreams inspire!

 

Granger Whitelaw is the Chairman of Velocity, Inc and has a sincere interest
and affection for the Velocity design.  Granger, who prefers to be addressed
by his first name, is a visionary with plans to refine the Velocity model
line into the spotlight of premier aircraft - more advanced than Columbia -
more advanced than Cirrus - touching those who want and expect the best
performing, safest, and most techanically advanced and comfortably equipped
aircraft in General Aviation.  Look for many announcements concerning safety
innovations originating from Velocity.

 

New models are planned over time.  For now, however, it is business as usual
- placing greater emphasis on fulfilling sales - modernizing equipment and
methods inside the factory - and continuing our unwavering support of
Velocity customers, owners, builders, and pilots.

 

We are all truly looking forward to exciting times ahead!

Scott Baker

 

 

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