Borealis Exploration Limited announces that its subsidiary, WheelTug plc, has received United States

WHEELTUG RECEIVES FAA GO-­AHEAD FOR AIRPLANE E-­TAXI SYSTEM CERTIFICATION

PLANS

NORTH PLAINS, Oregon, 10 January 2017 — WheelTug Limited announced today that the

Federal Aviation Administration (FAA) has accepted the certification plans for the innovative WheelTug® aircraft electric drive system for Boeing 737NG aircraft.

The WheelTug system enables an airplane to taxi forward and backward, using small electric motors in its nosewheels rather than jet engines or a tow tug. It will benefit airlines by well over $1 million per airplane per year, reduce fuel consumption and emissions at airports, and save up to 20 minutes in ground time between flights.

Additionally, WheelTug will enable airplanes to parallel park at terminal gates; using two

doors for narrowbody boarding and deplaning will allow for even more expedited travel.

Videos of WheelTug tests can be found at http://media.wheeltug.com/.

The WheelTug system represents the most significant improvement in aircraft ground

handling in decades. It will allow airlines to reduce overall time on the ground. This greater

time certainty will permit airlines to improve schedule reliability as well as fleet productivity. WheelTug will also reduce noise, emissions and safety risks.

The FAA Seattle Aircraft Certification Office has approved the Project Specific Certification Plans for the WheelTug system. These plans detail how WheelTug will comply

with all relevant regulations in order to be granted a Supplemental Type Certificate. The

STC is a key document for aircraft operation, and once granted, WheelTug can be installed

on aircraft.

WheelTug will first be available for the Boeing 737NG family of aircraft; entry into service

is expected in late 2018. Versions for other aircraft types are also planned.

WheelTug’s order book already totals almost 1,000 systems for aircraft from 22 airlines

worldwide.

To learn more about how WheelTug works and how it will benefit flyers, airlines, airports,

and the environment, visit http://www.wheeltug.com.

Forward-­‐looking statement: http://www.wheeltug.com/fls.shtml.

For more information contact:

Jan Vana

WheelTug Limited

+420 724 276 506

+1 410 419 0082

exec@wheeltug.com

www.wheeltug.com