World Surveillance Group and Lighter Than Air Systems Enter Into Sales and Operations Support Agreement With Defense Contract...
July 30 2013 - 9:00AM
Marketwired
World Surveillance Group Inc. (OTCQB: WSGI), a developer of
lighter-than-air aerostats and unmanned aerial systems, announced
today that WSGI and its wholly owned subsidiary, Lighter Than Air
Systems Corp. ("LTAS"), have entered into an agreement with defense
contractor US Technik, Inc. that makes it a sales contractor for
the Blimp in a Box™ aerostat system ("BiB") and other LTAS and WSGI
products. Pursuant to the agreement, US Technik also is to provide
sales and services support by acting on WSGI's and LTAS' behalf at
marketing events, trade shows, and potential customer presentations
and meetings, providing demonstrations of our products, and
marketing our products in the U.S. and internationally to, among
others, the defense, homeland security and first responder sectors.
US Technik also has the right to provide post contract field
services support, operations support and training to our customers
relating to all of WSGI's and LTAS' products.
US Technik is a veteran owned, small business corporation
headquartered in Colorado Springs, Colorado that works with
government and commercial organizations to find product solutions
and then to provide training and support related to such systems in
the U.S. and abroad. US Technik specializes in tactical aerostat
capabilities, but also provides technology services, systems
integration and managed services in addition to operational support
and training for various products.
LTAS and US Technik jointly worked on the LTAS tactical aerostat
systems operated by the U.S. Army's Space and Missile Defense
Command ("SMDC") Battle Lab and worked with WSGI and LTAS by
providing training and operations support for the Blimp in a Box
systems to the U.S. Army. Subsequent to the operations and training
on the initial SMDC aerostat system, LTAS delivered a second
complete trailer-based launcher system along with two additional
aerostats to SMDC. LTAS has also received orders from SMDC for
upgrades to the two systems for a communications related payload
system, powered tether and various other components.
LTAS has also received several additional orders recently: the
first is for an aerostat and subsystem solution from Eglin Air
Force Base; and the second is for a land-based versatile
surveillance mast system from the Ventura County Public Health
Department - Emergency Medical Services.
WSGI President and CEO, Glenn D. Estrella, stated "We look
forward to further developing the business relationship we have
with US Technik following our joint efforts with our Department of
Defense customers and expanding our sales pipeline for the BiB and
other products while also providing first class operations and
training support. It is exciting to see LTAS' continued sales
procurement and execution, especially the follow-on orders which
evidence customer satisfaction. We, along with LTAS, intend to
pursue our current pipeline of opportunities for both LTAS'
tactical aerostat systems and our ground-based mast surveillance
solutions in order to expand LTAS revenues and customer base."
For additional information about WSGI, please visit
www.wsgi.com.
For additional information on LTAS, please visit
www.LTAScorp.com.
About World Surveillance Group Inc.
World Surveillance Group Inc. (OTCQB: WSGI) designs, develops,
markets and sells autonomous, lighter-than-air advanced aerostats
and UAS capable of carrying payloads that provide persistent
intelligence, surveillance and reconnaissance ("ISR"), security
and/or wireless communications solutions at low and mid altitudes.
WSGI's aerial assets are designed for integration with electronics
systems and other high technology payloads for use by
government-related and commercial entities that require real-time
ISR or communications support for military, homeland defense,
border control, drug interdiction, natural disaster relief,
maritime and environmental missions. For more information regarding
WSGI, please visit www.wsgi.com, or view our reports and filings
with the Securities and Exchange Commission on
http://www.sec.gov.
About Lighter Than Air Systems Corp.
Lighter Than Air Systems Corp. (LTAS), a wholly owned subsidiary
of World Surveillance Group Inc., provides critical aerial and
land-based surveillance and communications solutions to government
and commercial customers. LTAS systems are designed and developed
in-house utilizing proprietary technologies and processes that
result in compact, rapidly deployable aerostat solutions and
mast-based systems. The LTAS systems have been proven to fulfill
critical requirements of the military and law enforcement in the
U.S. and internationally.
Forward-Looking Statements
Certain statements in this release constitute forward-looking
statements. These statements include those regarding the Company's
or LTAS' relationships with US Technik, any of our customers or
others, our ability to continue and/or expand such relationships,
the ability of US Technik to sell any of LTAS' or WSGI's products
or other performance under the agreement, our ability to expand our
sales pipeline or execute on sales opportunities, the quality of
any operational support services or training provided to our
customers, LTAS ability to continue to procure and execute on
sales, the satisfaction level or other feelings of our customers,
the suitability of the LTAS products for any particular
application, the ability of the LTAS products to satisfy customer
demands or requirements or meet any specific challenges, the
ability of the LTAS products to function in accordance with its
design expectations, the capabilities, characteristics and
advantages of, and costs related to, the LTAS products or the
Company's other technology, products and services, the further
advancement, development or commercialization of any of LTAS' or
the Company's products, the ability of the Company or LTAS to
secure business with new customers or grow revenues, and the
ability of the Company to execute on its strategies or to
accomplish any of its goals or objectives. The words "forecast,"
"project," "intend," "expect," "plan," "should," "would," and
similar expressions and all statements, which are not historical
facts, are intended to identify forward-looking statements. These
forward-looking statements involve and are subject to known and
unknown risks, uncertainties and other factors, any of which could
cause the Company to not achieve some or all of its goals or the
Company's previously reported actual results, performance (finance
or operating) to change or differ from future results, performance
(financing and operating) or achievements, including those
expressed or implied by such forward-looking statements. The
Company assumes no, and hereby disclaims any, obligation to update
the forward-looking statements contained in this press release.
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