Engineered Propulsion Systems
BUILDING A BETTER AIRPLANE ENGINE IN WISCONSIN®
Located in New Richmond, Engineered Propulsion Systems, Inc. (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. Founded in 2006, the company today employs 17 full-time highly specialized staff members earning an average salary greater than $77,000. The company also employs two part-time workers and five consultants. The company’s plans include growth to employ more than 120 people.
A NEW PARADIGM IN AVIATION
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 rate of 263 horsepower, the engine burns 35 percent less fuel than other engines on the market. These results prompted aviation legend Dick Rutan to comment that EPS has realized “a new paradigm in aviation.” EPS was certified as a Qualified New Business Venture in 2010, and attracted over $3 million of qualified investment in 2013.
(June 2014)View more investment success stories