Bernd Kröplin Career ... Founding of CargoLifter Founding of TAO-Technologies ...
Cargolifter AG
In May 2000, there was a public stock offering and the shareholder structure was characterized by a high proportion of small investors, attracted by substantial press coverage of the new breakthrough technologies being promised.
The planned large airship "CL 160" was never built,... the programme was somewhat underestimated and hence relatively risky.
A small manned prototype, named 'Joey', was built, in order to test concepts on a reduced scale. Also a prototype of a similar sized (61 m diameter) and height (87 m) transportation balloon "CL 75 Aircrane" was built...
Insolvency
On June 7, 2002 the company announced insolvency and proceedings began the following month. The whereabouts of some of the 300 million euros of shareholder funds, from over 70,000 investors, is still unclear.
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