A Wisconsin company hopes to have a running prototype of a diesel aircraft engine by next summer after funding for the project came through last week. Engineered Propulsion Systems, of New Richmond, celebrated the formal launch of the project after it raised more than $800,000 in investor and state financing. Engineers Michael Fuchs and Steven Weinzierl have been working on the project for several years but funding has been a problem in the recession. Technical details of the engine aren't readily available, but the project has attracted interest from Cirrus Aircraft and drawn Dick Rutan as a technical adviser. "I'm really proud of all of you," Rutan told the product launch. "It's going to save aviation."
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