SOURCE: World Surveillance Group Inc.

World Surveillance Group Inc.

July 08, 2011 11:10 ET

WSGI Completes Additional Flight Testing of Argus One UAV in Preparation for Yuma Flight Exercise

Yuma Testing Schedule Adjusted to Accommodate Specific Payload Integration

KENNEDY SPACE CENTER, FL--(Marketwire - Jul 8, 2011) - World Surveillance Group Inc. (OTCBB: WSGI), a developer of lighter-than-air unmanned aerial vehicles (UAVs) and related technologies, announced today that it has completed additional testing of its Argus One UAV in Easton, Maryland in preparation for the airship's flight testing and demonstration at the U.S. Army's proving ground facility in Yuma, Arizona. The recent series of Argus One flight testing focused on improvements to the electronic control systems and the gas bag stability system as well as different engine and propeller configurations. The Company has also been able to evaluate the overall flight stability and maneuverability of the airship and its performance at various altitudes up to 2,500 feet in differing wind and weather conditions. In preparation for the Argus One's testing at Yuma, WSGI has also built and tested redundant backup systems for the airship, including propulsion packages, onboard electronics and gas bag systems.

WSGI also announced today that it has decided to accelerate its integration of certain unique customer payloads into the pod bay of the Argus One UAV prior to its flight testing at Yuma. As a result, WSGI has agreed with the test directors at Yuma to reschedule the Company's test dates from July 11-22 to later in the third quarter of 2011. WSGI has focused on constructing a modular sensor bay on its airship that is capable of hosting various sensors and payloads with a simple plug and play architecture that provides power, an airship inertial navigation system and environmental data. In part as a result of the continued successful flight testing of the Argus One in Easton, WSGI has received strong interest from potential partners to test and demonstrate the Argus One at Yuma as a mobile platform for specific suveillance and communications packages. WSGI is adjusting its testing program to accomodate such potential partnership relationships and has begun to prepare the Argus One airship to provide increased power and payload capacity to support the unique requirements of the specific sureveillance and communications packages.

Glenn D. Estrella, President and CEO of WSGI, stated, "We are extremely excited by the potential of the Argus One airship being used as a mobile surveillance and communications platform. We believe adjusting our testing and demonstration schedule of the Argus One so that the airship can include specific payload packages when it flies at Yuma is a critical step towards commercialization of our Argus One UAV."

Michael K. Clark, WSGI's Chairman, added, "We have been provided with important opportunities to pursue potential partnership relationships to further the development and commercialization of our airships and we intend to take full advantage of such opportunities to move our Company forward in the interests of all of our shareholders. We look forward to demonstrating the capabilities of our Argus One UAV at Yuma in the near future."

For a video clip of the recent test flights of the Argus One UAV in Easton, Maryland, please visit our website at www.wsgi.com.

About World Surveillance Group Inc.

World Surveillance Group Inc. (OTCBB: WSGI) designs, develops, markets and sells autonomous, lighter-than-air UAVs capable of carrying payloads that provide persistent security and/or wireless communications solutions at low, mid, and high altitudes. WSGI's airships, when integrated with electronics systems and other high technology payloads, are designed for use by government-related and commercial entities that require real-time intelligence, surveillance and reconnaissance or communications support for military, homeland defense, border control, drug interdiction, natural disaster relief and maritime missions.

WSGI's wholly owned subsidiary, Global Telesat Corp., provides satellite airtime and tracking services to the U.S. government and defense industry end users and resells airtime and equipment from leading satellite network providers such as Globalstar, Inmarsat, Iridium and Thuraya. GTC specializes in satellite tracking services using the Globalstar satellite network and owns a number of network infrastructure devices containing the signal processing technology that powers the Globalstar Simplex Data Service. GTC's equipment is installed in various ground stations across Africa, Asia, Australia, Europe and South America.

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.

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements. These statements include those regarding the timing or results of any flight testing of our UAVs, the expected payloads or systems to be carried on the Argus One or to be tested during any given flight test, the effectiveness of any tested payloads or the Argus One as a platform, the further advancement, development or commercialization of the Company's UAVs, the outcome of any demonstrations of the Company's airships, any potential partnership relationships or relationships with parties interested in our products, the capabilities and advantages of the Company's technology and products, the use of the Company's products for any specific applications, the Company's ability to accelerate any of the foregoing, the ability of the Company to capitalize on market demand and grow the Company's business, the Company's ability to successfully commercialize its airships, or execute its strategy and business plans, or achieve commercial success or growth in its business, and the Company's ability to enhance shareholder value. 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.

Contact Information

  • Contact:
    World Surveillance Group Inc.
    321-452-3545
    Barbara M. Johnson
    investors@wsgi.com