Lighter Than Air Systems Receives Order for Blimp in a Box Aerostat System
January 09 2014 - 9:00AM
Marketwired
Lighter Than Air Systems Receives Order for Blimp in a Box Aerostat
System
Blimp in a Box 100 Aerostat System Delivery and Onsite Training
to Commence in First Quarter 2014
KENNEDY SPACE CENTER, FL--(Marketwired - Jan 9, 2014) - 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 for a Blimp in a Box™ ("BiB") 100 aerostat system
for use by a State Department of Transportation. The BiB 100
aerostat system is scheduled to be delivered to the customer during
the first quarter of 2014, after which onsite training and test
operations will commence.
Unlike a drone or other unmanned aerial vehicle, the highly
mobile BiB 100 aerostat system utilizes a high strength, power
tether line to remain connected to an integrated trailer where
secure communications are transmitted. The system is designed
to provide incident awareness and assessment ("IAA") and can be
used to monitor illegal activity, identify and monitor traffic
patterns, or provide disaster response in a secure manner without
the risk of being intercepted or jammed.
The BiB aerostat system is designed to be used in various
applications required by state and local government municipalities
including first responders, police and fire departments. The BiB
100 is a smaller version of larger LTAS BiB aerostat systems
including the BiB 250, which is currently being used by the
Department of Defense ("DoD") for evaluation and
training. Additionally, a variant of the BiB 250, or as it is
also called while being utilized by the U.S. Army Space and Missile
Defense Command /Army Forces Strategic Command, the Winch Aerostat
Small Platform ("WASP"), also recently participated in the Network
Integration Evaluation (NIE) 14.1 as a 'System Under
Evaluation.'
For further information on the WASP's participation in the
recent Army NIE exercise, please visit:
http://www.army.mil/article/115882/SMDC_helps_WASP_fly/.
WSGI President and CEO, Glenn D. Estrella, stated, "This order
demonstrates the need for our products in targeted new
markets. We have been successfully working to expand the
markets for our products beyond military applications and are
focused on both the commercial and state and local government
marketplaces. We are excited to continue to execute our
strategy in 2014 by both opening new markets for our products and
by continuing to work closely with our federal government defense
customers, especially following the recent passage of the 2014
National Defense Authorization Act."
For additional information about World Surveillance Group and
Lighter Than Air Systems, 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 the BiB
order received by LTAS and any delivery timing or requirements, the
timing of the commencement and/or success of any BiB related
operations or training, the Company's or LTAS' relationships with
the Army, DoD, state or local government agencies, or others and
our ability to continue and/or expand such relationships, the
suitability of the LTAS aerostat system for any particular
application, the ability of the LTAS aerostat system to satisfy
customer demands or requirements or meet any specific challenges,
the ability of the LTAS aerostat system to function in accordance
with its design expectations, the capabilities, characteristics and
advantages of, and costs related to, the LTAS aerostat system or
the Company's other technology, products and services, the need for
the Company's products in any particular market, 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, expand into new markets 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.