KENNEDY SPACE CENTER, FL--(Marketwired - Apr 9, 2013) - World Surveillance Group Inc. (OTCQB: WSGI), a developer of lighter-than-air aerostats and unmanned aerial systems, announced today that its wholly owned subsidiary, Lighter Than Air Systems Corp. ("LTAS"), has provided seven critical aerostat launcher electric main winches and spare components to support the Small Tactical Multi-Payload Aerostat System ("STMPAS") for the U.S. Army Rapid Equipping Force ("REF").
The LTAS custom designed, engineered and manufactured winch systems were requested by Georgia Tech Research Institute working with the REF in support of the STMPAS. STMPAS, although larger than the Blimp in a Box™, is a tactical aerostat system designed to provide intelligence, surveillance, and reconnaissance ("ISR") capability for small tactical units in Afghanistan and other locations. The LTAS aerostat launcher sub-systems include proprietary, in-house designed components enclosed in a compact unit, including a heavy-duty main winch, supporting electronics, onboard power charging and remote control for simplified user operation. The REF mission is to rapidly increase mission capability while reducing risk to soldiers by equipping operational commanders with off-the-shelf (government or commercial) solutions or near-term developmental items that can be researched, developed and acquired quickly.
The LTAS aerostat launcher sub-systems are engineered to provide significant benefits over competing systems, including reduced maintenance and overall operation costs, smaller footprint for operations, reduced operators required to manage the aerostat, decreased time for inflation/deflation, faster launch and recovery, and a simplified process.
WSGI President and CEO, Glenn D. Estrella, stated, "With the recent delivery of LTAS' aerostat launcher sub-systems and spare components to support STMPAS, we are proud to be working with the REF and the Army in their missions at home and overseas. It is exciting for LTAS to be involved in supporting the warfighter by supplying products that meet such a critical and immediate need, and we look forward to continuing and expanding our relationships with these entities."
For additional information about WSGI, please visit www.wsgi.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.
Forward-Looking Statements
Certain statements in this release constitute forward-looking statements. These statements include those regarding the Company's or LTAS' relationships with the REF, the Army, DoD or others and our ability to continue and/or expand such relationships, the suitability of the LTAS aerostat launcher sub-system for any particular application, the ability of the LTAS aerostat launcher sub-system to satisfy customer demands or requirements or meet any specific challenges, the ability of the LTAS aerostat launcher sub-system to function in accordance with its design expectations, the capabilities, characteristics and advantages of, and costs related to, the LTAS aerostat launcher sub-system 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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