Lighter Than Air Systems Receives Order for Blimp in a Box Sustainment Equipment to Support the U.S. Army
November 20 2013 - 9:00AM
Marketwired
Lighter Than Air Systems Receives Order for Blimp in a Box
Sustainment Equipment to Support the U.S. Army
Sustainment Equipment to Be Utilized in Further Blimp in a Box
Training and Evaluation Exercises at the U.S. Army Garrison at Fort
Polk, LA
KENNEDY SPACE CENTER, FL--(Marketwired - Nov 20, 2013) -
Lighter Than Air Systems Corp. ("LTAS"), a wholly owned
subsidiary of World Surveillance Group Inc. (OTCQB: WSGI), a
developer of lighter-than-air aerostats and unmanned aerial
systems, has received an order from prime defense contractor A-T
Solutions, Inc. for sustainment equipment related to its Blimp in a
Box™ aerostat systems ("BiB"). The BiB related components are to be
delivered and installed in staged shipments beginning immediately
and to be completed within 30 days. The sustainment equipment
will be used to support the training and evaluation exercises
taking place at the U.S. Army Garrison in Fort Polk,
Louisiana.
The two LTAS BiB aerostat systems currently in use at the Army's
base at Fort Polk were delivered earlier this year under a contract
award from the United States Department of Defense which included
on-location support, installation and training for the BiB
systems. The BiBs are intended to provide semi-persistent,
mobile intelligence, surveillance, and reconnaissance ("ISR") at
the platoon level. Each BiB system can provide low cost,
mobile ISR for days, weeks or months with the aerostat system only
requiring a rapid 15 minute recovery and re-launch helium top-off
every 24-36 hours.
WSGI President and CEO, Glenn D. Estrella, stated, "We are
excited by our growing relationship with the Army and this order
for sustainment equipment for the BiBs evidences their continued
use of and training on these remarkable systems. We intend to
give the Army our full support as our BiBs are placed through
vigorous training exercises and evaluations. We look forward
to the opportunity to provide the DoD with a low cost, reliable ISR
capability to support the warfighter."
For more information about WSGI and LTAS, please visit
http://www.wsgi.com and www.ltascorp.com.
About World Surveillance Group Inc.
World Surveillance Group Inc. (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 (WSGI), 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 that have been proven to fulfill critical
requirements by the military and law enforcement in the U.S. and to
our allies around the world.
Forward-Looking Statements
Certain statements in this release constitute forward-looking
statements. These statements include those regarding WSGI's or
LTAS' relationships with the Army and DoD and our ability to
continue and/or expand such relationships, the suitability of the
LTAS aerostat systems or components for any particular application,
the ability of the LTAS aerostat systems or components to satisfy
customer demands or requirements or meet any specific challenges,
the ability of the LTAS aerostat systems or components to function
in accordance with their design expectations, the timing of
delivery of any aerostat system or equipment, the capabilities,
characteristics and advantages of, and costs related to, the LTAS
aerostat systems or components or WSGI's other technology, products
and services, the further advancement, development or
commercialization of any of LTAS' or WSGI's products, the ability
of WSGI or LTAS to secure further business with the DoD or other
new customers or grow revenues, and the ability of WSGI 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.