KENNEDY SPACE CENTER, FL -- (Marketwired) -- 09/25/13 -- World Surveillance Group Inc. (OTCQB: WSGI), a developer of lighter-than-air aerostats and unmanned aerial systems, announced that its wholly owned subsidiary, Lighter Than Air Systems Corp. ("LTAS"), has received an order from prime defense contractor Universal Solutions International for five custom aerostat systems and subcomponents to support the U.S. Army Rapid Equipping Force ("REF"). The aerostat systems and related components will be delivered directly into active overseas operations to support U.S. military troops in staged shipments beginning within 30 days.
The LTAS aerostat systems requested by the REF were custom-designed and engineered, and will be manufactured, to provide capabilities for specific mission requirements. The systems include aerostats, winches, tank racks and related support equipment. This order follows a previous REF order where LTAS delivered seven custom-engineered, critical aerostat launcher main winches and spare components to support the Small Tactical Multi-Payload Aerostat System ("STMPAS").
Glenn D. Estrella, WSGI President and CEO, stated "We are excited by the follow-on order from REF and the opportunity to provide the Army with critical aerostat systems and components to immediately support our troops in sensitive ongoing operations. We will work diligently to prepare the aerostat systems for prompt delivery and deployment. We intend to continue to execute on our strategy to provide tactical aerostat solutions for military and commercial applications both at home and globally."
World Surveillance Group and Lighter Than Air Systems have launched new websites with more current information and details on our products and services. 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. (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 that have been proven to fulfill critical requirements by the military and law enforcement in the U.S. and around the world.
Certain statements in this release constitute forward-looking statements. These statements include those regarding WSGI's or LTAS' relationships with the REF, the Army, or others and our ability to continue and/or expand such relationships, the suitability of the LTAS aerostat systems or subcomponents for any particular application, the ability of the LTAS aerostat systems or subcomponents to satisfy customer demands or requirements or meet any specific challenges, the ability of the LTAS aerostat systems or subcomponents to function in accordance with their design expectations, the timing of delivery of any aerostat system, the capabilities, characteristics and advantages of, and costs related to, the LTAS aerostat systems or subcomponents 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 business with 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.