KENNEDY SPACE CENTER, FL--(Marketwired - Apr 3, 2013) - World Surveillance Group Inc. (OTCQB: WSGI), a developer of lighter-than-air aerostats and unmanned aerial systems ("UAS"), today announced that, with the support of wholly owned subsidiary Lighter Than Air Systems Corp. ("LTAS"), the operational team has delivered the initial Blimp in a Box™ ("BiB") aerostat system to the Department of Defense ("DoD"). The delivery included not only demonstration and testing of the aerostat system but also multiple training sessions for soldiers on the base in preparation for future military exercises. Formal DoD acceptance of the first BiB system was issued following completion of the testing, the initial round of training and an inventory accounting.
WSGI's and LTAS' operations occurred in cooperation with WSGI's wholly owned subsidiary Global Telesat Corp. who was awarded the contract from the DoD for a set of BiB systems in January 2013. The contract award includes on-location support for technical fact gathering, installation and training for the BiB systems. In coordination with the DoD, delivery, installation and on-site training for the second BiB system will commence in April 2013 and will include improvements, spares and modifications following several Army requested modifications of the system.
The BiB systems are intended to provide semi-persistent, mobile intelligence, surveillance and reconnaissance ("ISR") at the platoon level. The BiB aerostat system is designed to provide real-time day/night high definition footage for ISR, detection of hostile activity, improvised explosive devices, border security and other governmental and civilian uses.
WSGI President and CEO, Glenn D. Estrella, stated, "We are excited about the delivery and acceptance of the first Blimp in a Box aerostat system by the Army pursuant to our contract. The demonstration, testing and operation with the Army of the first delivered BiB provided us with valuable knowledge in terms of ways to continue to improve our BiB tactical aerostat system. With our recently completed acquisition of LTAS, we are now able to swiftly utilize our combined resources to implement the Army's requested modifications before the delivery of the second BiB system to our customer."
For additional information about WSGI, please visit www.wsgi.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.
Certain statements in this release constitute forward-looking statements. These statements include those regarding the relationship with the DoD, the timing of delivery of any BiB systems, the expected payloads or systems to be carried on the BiB system, the suitability of the BiB system for any particular application, the ability of the BiB system to satisfy customer demands or requirements or meet any specific challenges, the ability of the BiB system to function in accordance with its design expectations, the Company's and LTAS' ability to modify the BiB to meet the Army's requested modifications in a timely manner or at all, the further advancement, development or commercialization of the Company's products, the capabilities, characteristics and advantages of, and costs related to, the Company's technology, products and services, the ability of the Company to secure business with new customers 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.