SOURCE: Sanswire

Sanswire

November 16, 2010 09:03 ET

Time Magazine Names Sanswire STS-111 UAV One of the 50 Best Inventions of 2010

STS-111 Airship Featured in November 2010 Edition

AVENTURA, FL--(Marketwire - November 16, 2010) - Sanswire Corp. (OTCBB: SNSR), a developer of lighter-than-air unmanned aerial vehicles (UAVs) and related technologies today announced that Time Magazine has named the STS-111 UAV as one of "The 50 Best Inventions of 2010." The November edition of Time Magazine featuring the story "The 50 Best Inventions of 2010" is currently available on newsstands.

Sanswire has partnered with TAO Technologies on the initial technology for the STS-111 UAV. The Company is currently working with several partners at our hangar in Easton, Maryland to add a series of enhancements and systems integration to the STS-111 for planned flight demonstrations. The STS-111 airship has a lightweight, aerodynamic, envelope structure measuring 111 feet in length and 11 feet in height and is based on a patented multi-segmented, non-rigid design. This design is extremely flexible and is meant to enable the airship to deal with winds and weather encountered during flight. The STS-111 is designed to fulfill a range of desired mission profiles at altitudes up to 15,000 feet. Depending on weather conditions, the STS-111 airship is designed to perform persistent loitering or racetrack operations nonstop for an estimated two and a half days carrying a payload of intelligence, surveillance and reconnaisance or communications equipment providing up to a 120 mile operational line of sight. The STS-111 has been designed to rapidly unfold from its standard-size crate and be launched from virtually anywhere with no need for a large hangar or an exposed mooring platform. 

"We are extremely honored to be included in TIME's The 50 Best Inventions of 2010," says Glenn Estrella, President and CEO of Sanswire. "TIME is one of the world's most prestigious magazines and to be included as one of their best inventions of the year is a testament to our unique technology, hard work, and team, including our committed technical partners."

"I am proud that the STS-111 airship which resulted from TAO's partnership with Sanswire has been recognized in such a world renowned publication as Time," added Professor Dr. Bernd Kroeplin, Chairman of TAO Technologies GmbH.

Previous Time Best Inventions have included the iPhone (2007), Youtube.com (2006), and NASA's Mars Exploration Rovers (2002).

You can read Time's story "The 50 Best Inventions of 2010" on our website www.Sanswire.com.

About Sanswire Corp.

Sanswire Corp. (OTCBB: SNSR) is a developer of autonomous, lighter-than-air UAVs capable of carrying payloads that provide persistent security solutions at low, mid, and high altitudes. Sanswire's airships are designed for use by government-related and commercial entities that require real-time intelligence, surveillance, and reconnaissance support for military, homeland defense, border and maritime missions. For more information about Sanswire, please visit www.sanswire.com.

About Sanswire-TAO Corp.

Sanswire-TAO is a joint venture owned by Sanswire and TAO Technologies GmbH, which holds the intellectual property rights associated with lighter-than-air UAVs including the STS-111 airship. For more information, visit www.sanswire-tao.com.

Forward-Looking Statements

Certain statements in this press 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, including statements regarding the design and capabilities of the Company's products, the outcome of any testing of the Company's products, and the Company's ability to execute its strategy and business. Words such as forecast, project, intend, expect, should, would, could, may, will, anticipates, believes, plans and other similar expressions and all statements which are not historical facts are considered forward-looking statements or information under applicable securities laws. These statements are based on the Company's current expectations, estimates, forecasts and projections about, among other things, the operating environment, economies and markets in which the Company operates. These forward-looking statements involve and are subject to important known and unknown risks, uncertainties, assumptions and other factors that are difficult to predict, any of which could cause 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. For additional information with respect to risks and other factors which could occur, see the Company's Annual Report on Form 10-K, the Quarterly Reports on Form 10-Q and the other securities filings of the Company with the SEC. The Company assumes no, and hereby disclaims any, intention or obligation to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise.

Contact Information

  • For more information, please contact:
    Barbara Johnson
    Sanswire Corp.
    1.786.288.0717
    Email Contact