KENNEDY SPACE CENTER, FL -- (Marketwired) -- 11/20/13 -- 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."
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.
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.