Terrafugia Announces Appointment of Alex Min as Chief Marketing and Sales Officer

Woburn, MA (May 20, 2014) – Terrafugia Inc., the developer of the Transition street-legal airplane, is pleased to announce that Alex Min has joined its team as their new Chief Marketing and Sales Officer.

Alex Min brings proven business acumen in establishing and maintaining strategic relationships with domestic and international partners, forecasting and securing sales, creating and managing cross-functional teams, and developing and implementing market-expansion strategies in both aviation and emerging technology enterprises.

An FAA-Certificated Helicopter and Fixed-Wing Pilot with Commercial and Instrument ratings, Min served on active duty in the United States Marine Corps (USMC) for a decade as an Officer and pilot. Most recently the Vice President of Business Development at Textron Defense Systems, Min brings over 20 years of extensive leadership, management, and aerospace industry expertise to the management team at Terrafugia.

“Alex’s impressive background in aerospace business development brings an exciting new perspective to the Terrafugia executive team. He will help prepare our company for the incredible growth we anticipate over the next few years, and he will be a big part of catalyzing that change. We are thrilled to have him on board!” – Carl Dietrich, CEO/CTO

Min was the top graduate for his Naval Flight School class at Pensacola, Florida and the recipient of the Patrick McGovern, Jr. ’59 Award for Entrepreneurship for his MBA class at MIT Sloan.

At MIT, Min was one of five original Co-Founders of Terrafugia, and has served as Corporate Advisor and as a member of Terrafugia’s Board of Directors since the company’s inception in 2006.

“AlthoughI’vebeen involved with Terrafugia in some way, shape, or form since we created the company, it is such an honor and pleasure to be joining the Terrafugia Team full-time at what I believe to be a pivotal point in the company. Terrafugia has already created two vehicles that have both flown and driven down regular surface streets. We’re at the cusp of being able to deliver the world’s first production ‘flying car,’ and it’s exciting to be a part of the team that is going to make this happen!”said Min.

About Terrafugia:

Terrafugia (ter-ra-FOO-gee-ah) intends to catalyze a revolution in personal mobility. Our vehicles bring a new level of safety, convenience, and freedom to personal transportation.

We invite you to be part of the future of transportation:Get Involved.

Terrafugia is derived from the Latin for “Escape the Earth”. We’re Driven to Fly.