SOURCE: Sanswire

July 08, 2010 09:34 ET

Sanswire to Construct New Mobile Hangar

Initially to House STS-111 and SkySat During Integration in Easton, MD

AVENTURA, FL--(Marketwire - July 8, 2010) -  Sanswire Corp. (OTCBB: SNSR) announced that its STS-111 and SkySat Unmanned Aerial Vehicles (UAV) will be integrated with partner systems and payloads in a newly-built, company-owned hangar facility in Easton, Maryland. Sanswire's new 172,000 cubic foot hangar is to be located at the Easton Airport, near integration partner Eastcor Engineering. It will also be utilized to showcase the fully integrated STS-111 and SkySat UAV's at upcoming flight demonstrations, at the Easton Airport, which are currently in the planning stage.

The Company expects construction and outfitting of the hangar to be completed by the middle of August 2010. Prior to the new Hangar's completion, all technology integration and testing work will take place at Eastcor's facilities.

The design of the hangar enables it to be dismantled, transported, and re-assembled. The Company believes its investment in this portable, yet substantial, new asset will provide the immediate benefit of a dedicated Sanswire workspace during its push to complete and demonstrate systems-integrated products. Additionally, it enables future work to be completed onsite at defense contractor partners' facilities and in other locations.

Sanswire CEO Glenn Estrella commented, "Our new hangar represents the first of multiple planned investments in Sanswire's infrastructure as we transition the company from R&D to commercial production. In addition to being an ideal showroom to house our airships for the upcoming demonstration in Maryland, the hangar's modular construction will enable us to move swiftly in setting up for potential testing and demonstrations in various locations. We are moving expeditiously in firming up the details for our first demonstration, and will communicate them publicly when they have been finalized."

About Sanswire Corp.

Sanswire Corp. (OTCBB: SNSR) is a developer of integrated aerospace communications products and services. The company specializes in the design and construction of autonomous, lighter-than-air UAVs (Unmanned Aerial Vehicles) capable of carrying payloads that provide persistent security solutions at low, mid, and high altitudes. Sanswire's airships and auxiliary products are designed for use by commercial and government-related entities that require real-time intelligence, surveillance, and reconnaissance support for homeland defense, maritime, and border missions. The company's long-term objective is to develop and deliver state-of-the-art airship technology that will operate at a stratospheric height with a broad set of government and commercial solutions.

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "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's previously reported actual results and 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.

Contact Information

  • Contact:
    Sanswire
    Karen Verna
    Kverna@sanswire.com
    786-288-0717

    The Investor Relations Group
    212-825-3210
    Jason Strominger (Investor Relations)
    Mike Graff (Media Relations)