SOURCE: World Surveillance Group

World Surveillance Group

May 01, 2013 09:00 ET

World Surveillance Group and Lighter Than Air Systems Deliver Second Blimp in a Box Aerostat System to Department of Defense

BiB Systems Delivered to U.S. Army Garrison, Fort Polk, LA

KENNEDY SPACE CENTER, FL--(Marketwired - May 1, 2013) - World Surveillance Group Inc. (OTCQB: WSGI), a developer of lighter-than-air aerostats and unmanned aerial vehicles ("UAS"), today announced that, with the support of its wholly owned subsidiary Lighter Than Air Systems Corp. ("LTAS"), the operational team has delivered the second Blimp in a Box™ ("BiB") aerostat system to the U.S. Department of Defense ("DoD"). The delivery included not only demonstrations and testing of the BiB but also additional training sessions for soldiers at the Fort Polk, LA base as the systems are prepared for future military exercises. Formal DoD acceptance of the BiB system was issued following completion of the testing, training and a complete inventory accounting. 

WSGI's and LTAS' operations were 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 included on-location support for technical fact gathering, installation and training for the BiB systems. The BiB is a self-contained mobile tactical aerostat system that can be towed from the back of a standard vehicle and is designed to provide semi-persistent, mobile intelligence, surveillance, and reconnaissance ("ISR") at the platoon level. Each BiB system can provide mobile ISR for days, weeks or months with the aerostat system only requiring a fifteen minute recovery and re-launch and a helium top-off every 24-36 hours.

WSGI President and CEO Glenn D. Estrella stated, "We are proud to have completed the scheduled delivery for the initial set of our BiB systems to the DoD under the terms of the contract and look forward to working closely with our customer as the BiB systems become involved in military exercises. We intend on utilizing all our resources to support our customer as we continue to advance the BiB tactical aerostat system."

For additional information 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.

About Lighter Than Air Systems Corp.

Lighter Than Air Systems Corp., a wholly owned subsidiary of World Surveillance Group Inc., 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. The LTAS systems have been proven to fulfill critical requirements of the military and law enforcement in the U.S. and internationally. For more information regarding LTAS, please visit www.ltascorp.com.

About Global Telesat Corp.

Global Telesat Corp., a wholly owned subsidiary of World Surveillance Group Inc., markets and sells advanced mobile aerostat solutions and provides mobile voice and data communications services globally via satellite to the U.S. government, defense industry and commercial users. GTC specializes in services related to the Globalstar satellite constellation, including satellite telecommunications voice airtime, tracking devices and services, and ground station construction. GTC has an e-commerce mobile satellite solutions portal and is an authorized reseller of satellite telecommunications equipment and services offered by other leading satellite network providers such as Inmarsat, Iridium, and Thuraya. GTC also has a subscription based online tracking portal called GTCTrack designed to attract new satellite and GSM tracking customers by offering an easy-to-use interface and compatibility with a wide range of devices. GTC's equipment is installed in various ground stations across Africa, Asia, Australia, Europe and South America. For more information regarding GTC, please visit www.gtc-usa.com.

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements. These statements include those regarding the relationship with the DoD, 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 BiB's capabilities, the Company's ability to modify the BiB to meet a customer's requested modifications in a timely manner or at all, the further advancement, development or commercialization of the Company's products, including the BiB, 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.