Global Telesat Corp. Expands Scope of Interest and Requests Sanswire Provide UAV Capability Study FORT LAUDERDALE, FL, Dec 11, 2008 (MARKET WIRE via COMTEX) -- Sanswire Corp. (OTC: SNSR) today announced that the company has delivered an additional UAV study following the initial payload integration study prepared for Global Telesat Corp. (GTC), a provider of satellite-based tracking and monitoring services and satellite-based airtime to government and commercial end users. This overall capabilities study was requested due to GTC's heightened interest in joint venture Sanswire-TAO's,
www.sanswiretao.com, original study regarding its lighter than air (LTA) unmanned aerial vehicle (UAV) solution.
Jonathan Leinwand, CEO of Sanswire Corp., stated, "We're pleased to deliver on this follow up request from GTC for additional information regarding our capabilities. This second study further illustrates our ability to provide an unmanned platform for communications and persistent surveillance, following the first study which focused specifically on payload integration. We look forward to integrating our technologies with GTC and expanding our business opportunities."
GTC continues to evaluate Sanswire-TAO's two recent studies for technical collaboration purposes as well as business opportunity discussions with GTC clients. With this additional request for a supplemental study, the company extended additional time for GTC's option to further invest in Sanswire Corp. The second study focused on Sanswire-TAO's Mid and High Altitude program and illustrated the uniqueness and capabilities of Sanswire-TAO.
The basis for the study was to contrast the unique approach of the Sanswire-TAO joint venture in adopting its patented lighter than air, non-rigid, segmented cell airship design, which differs greatly from the heavier than air "flying wing" or rigid blimp-like vehicles. It also covered:
-- Endurance and propulsion through the recently filed patent application for Sanswire-TAO's segmented airship equipped with energy medium.
-- Proprietary autonomous flight control system implemented into the segmented cell vehicles.
-- The dual phased approach for immediately available medium endurance vehicles and future concepts for long endurance vehicles that utilize environmentally-friendly energy solutions.
About Sanswire Sanswire Corp. develops and provides an integrated suite of aerospace communications products and services, leveraging its relationships with leaders in UAV (Unmanned Aerial Vehicle) technologies. Sanswire Corp. is focused on the design and construction of various aerial vehicles, capable of carrying payloads that provide persistent surveillance and security solutions at various altitudes. For additional information, please visit
www.sanswire.com.
About Sanswire-TAO Corp. Sanswire-TAO exclusively owns and markets all the technology and intellectual property associated with TAO's lighter than air (LTA) unmanned aerial vehicles (UAV), including the Stratellite(TM) high-altitude airships, the SAS-51 low-altitude airships, the mid-altitude SkySat airship category, and the PADDS Precision Air Drop Delivery System in the US, Canada and Mexico. Sanswire-TAO Corp. is jointly owned by TAO Technologies GmbH and Sanswire Corp. Visit
www.sanswiretao.com About Global Telesat Corp. GTC provides satellite airtime and tracking services to government and defense industry end users and are partnered with resellers of leading satellite network providers such as Globalstar, Inmarsat, Iridium and Thuraya. GTC specializes in satellite tracking services 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 South America, Europe, Asia, and Australia. For more information regarding GTC, please visit GTC's website at
www.gtc-usa.com 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, including an ongoing formal investigation by the U.S. Securities & Exchange Commission and delayed filings of quarterly results, 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. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.
Contact: Robert Bleckman Director, Investor Relations (954) 332-3759
Source:
http://biz.yahoo.com/iw/081211/0459684.html