Lighter Than Air Systems Enters Into Distributor Agreement With U.S. Government Prime Contractor ADS, Inc.
November 26 2013 - 9:00AM
Marketwired
Lighter Than Air Systems Enters Into Distributor Agreement With
U.S. Government Prime Contractor ADS, Inc.
ADS, Inc. to Distribute Blimp in a Box Aerostat Systems and
Related Sustainment Equipment
KENNEDY SPACE CENTER, FL--(Marketwired - Nov 26, 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 entered into a distributor agreement with U.S.
Government prime contractor ADS, Inc. ("ADS") to distribute Blimp
in a Box™ aerostat systems ("BiB") and related sustainment
equipment.
ADS is in the business of selling operational and tactical
equipment to or for use by customers such as the United States
Government and its various agencies and departments and other non
commercial customers. ADS customers include the U.S. military,
Federal agencies, defense contractors, law enforcement & public
safety, fire & emergency services, and foreign military and
governments.
LTAS developed and manufactures the BiB aerostat product
line. The BiBs are intended to provide semi-persistent, mobile
intelligence, surveillance, and reconnaissance ("ISR") for various
applications. Each BiB system can provide low cost, mobile ISR
for days, weeks or months with the BiB only requiring a 15 minute
recovery and re-launch between top-off every 24-36 hours.
WSGI President and CEO, Glenn D. Estrella, stated, "We look
forward to working with one of the premier Government procurement
organizations in introducing the BiB to their diversified domestic
and global customer base. This agreement is an excellent
opportunity for our Company by enabling current and potential
customers to efficiently procure our products and services and is
another logical step in executing our strategic plan."
Contact your ADS Representative for information on how you can
procure Blimp in a Box aerostat systems and related equipment.
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 ADS or any customer and our ability to
continue and/or expand such relationships, our ability to
effectively introduce the BiBs to any group of potential customers,
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 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 plans 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.