KENNEDY SPACE CENTER, FL -- (Marketwired) -- 01/09/14 -- 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."
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 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.