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Sanswire Awarded Contract for SkySat UAV
Defense Contractor Global Telesat Corp. to Purchase Interest in SkySat Mid-Altitude UAV Platform
AVENTURA, FL, Apr 27, 2010 (MARKETWIRE via COMTEX) -- Sanswire Corporation /quotes/comstock/11k!snsr (SNSR 0.07, 0.00, 0.00%) , a developer and producer of unmanned aerial vehicles (UAVs) and related technologies, today announced that defense contractor Global Telesat Corp. (GTC) has agreed to purchase a 50% interest in SkySat -- Sanswire's mid-altitude, lighter-than-air, UAV platform -- with an option to purchase the remaining 50% interest in the already constructed airship by year-end 2010. Financial terms of the contract were not disclosed.
SkySat was initially designed for reconnaissance and surveillance missions performed at altitudes up to 45,000 ft. Sanswire and GTC intend to upgrade the airship to improve its viability for multipurpose defense and communications operations. More specifically, the two companies plan to develop a flexible platform allowing the SkySat to accommodate a range of customer requirements.
GTC agreed to the SkySat purchase following recent meetings with potential customers, strategic partners and defense contractors. The companies will work closely with US government-certified defense contractors to integrate approved ground station controls and electronics packages into the airship.
GTC has already partnered with Sanswire to develop the STS-111 UAV, a flexible multi-segmented airship that began flight-testing in December 2009.
Sanswire's Chairman of the Board, Major General Wayne P. Jackson (US Army, Ret.), stated: "We are keenly focused on leveraging our existing airships and technologies to generate near-term revenue. We also are expanding our product portfolio of integrated, near-space UAV designs. Our goal is to offer a broad range of low-cost, long-duration surveillance solutions for our customers that can be delivered in a timely and cost-efficient manner."
For more information on Sanswire's SkySat UAV please visit: http://www.sanswiretao.com/product-skysat.htm
About Global Telesat Corp. Global Telesat Corp. is a leading provider of asset tracking and monitoring solutions for governments and commercial users. GTC designs and builds custom-made tracking and monitoring systems and devices using GSM, radio and RFID signals and specializes in providing services using the Globalstar low orbit satellite network. GTC's equipment is installed in various ground stations across Africa, Asia, Australia, Europe and South America. For more information regarding GTC, visit www.gtc-usa.com.
About Sanswire Corp. Sanswire Corp. /quotes/comstock/11k!snsr (SNSR 0.07, 0.00, 0.00%) is a developer of integrated aerospace communications products and services. The company specializes in the design and construction of autonomous, lighter-than-air UAVs (Unmanned Aerial Vehicles) capable of carrying payloads that provide persistent security solutions at low, mid, and high altitudes. Sanswire's airships and auxiliary products are designed for use by commercial and government-related entities that require real-time intelligence, surveillance, and reconnaissance support for homeland defense, maritime, and border missions. The company's long-term objective is to develop and deliver state-of-the-art airship technology that provides surveillance sensor suites and other advanced wireless broadband capabilities to the broader commercial markets. For more information, visit www.sanswire.com.
Forward-Looking Statements 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, 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.
Ahhh.... If everyone wants to buy and no one wants to sell the price goes up. Just an FYI
Really???
The issue is a concocted one brought up after the fact of it being solved.
EU plays down talk of Haiti rift with US
By Harvey Morris in New York
Published: January 17 2010 17:37 | Last updated: January 18 2010 14:29
The European Union on Monday played down suggestions of a rift with the US over the distribution of emergency humanitarian aid in Haiti, devastated last week by an earthquake that may have killed more than 100,000 people.
On Sunday fuel shortages, poor communications and a logjam at the Port au Prince airport continued to hinder a massive international aid effort to Haiti.
......
With telephone communications disrupted by the earthquake after wireless network towers were damaged, Digicel, the Caribbean mobile company, said before the weekend it was pressing to ferry its technicians and equipment to the island state after four planes were turned back.
http://www.ft.com/cms/s/0/558f15be-038b-11df-a601-00144feabdc0.html
Any idea for the move today?
Any idea for the move today?
Any idea for the move today?
Nice that Nov 11 in Orlando has never been mentioned again, guess par for the course.
You certainly enjoy misleading don't you? You know darn well there was no report on a summary judgment. Check away.
I was referring to the 2007 Coalition Warrior Interoperability Demonstration (CWID) report. You termed it a fraud guess the military is in on your grand conspiracy also.
LMAO, Only 2 months as CEO and 5 months with the company. Should have billions if not trillions in contracts by now, LMAO.
Select few investors even funnier, what 2 press release announcing to the general investing public is not select, you actually believe what you type??
Just remember the old adage isn't "Buy high sell low" you'll be a much happier investor.
Wasn't speaking about you or attacking anyone, funny though you respond.
Of course I am, would be a bigger of waste my time to read this dribble if I didn't have an stake in the company. I don't have as much time on my hands as all the as all the non-shareholders who think it is so important for them to voice there opinion just to feel better because they were greedy or stupid or both in their trading of this stock.
too funny, you even have to in bold. LOL
Both your assertions are blatantly false because you totally misunderstand what happens when the authorized shares are increased. Shareholders didn't authorize an additional 150M or 250M shares. They authorized first an increase TO 150M then an increase TO 250M and that would include all shares issued and outstanding and it would be the max that could be issued until a further increase is authorized.
not flattering is an understatement, it leave me shaking my head.
Trashed?? They just changed companies from what I can tell. Meaningless to SNSR, happens all the time.
WRONG BOARD
Either way it's going to be pretty boneheaded to be delinquent at this point. The company needs to be building investor confidence not helping build doubt.
once they are current the E goes away, next trading day usually, since they get the E Monday filling today will keep that from happening.
They won't get the dreaded E if they file today
they don't serve a purpose of course
That's if they don't file today
Guess you're ignoring the NT-10Q that was filed.
First there is no failure to file on time, second it's not about perceptions and the mediator will base decisions on the law not his feelings and he'll be much better versed on both the case and the law than those posters who say they are shareholders.
It would have made absolutely no difference, current filing has absolutely no bearing.
Have you seen this on marketwire yet? I've only seen what the company emailed shareholders
And this is news how????
Scottrade has SNSR as listed as only being able to sell and no buys because of clearing restrictions
I believe you meant the proverbial "fish in a barrel"
not my opinion, just a fact
Mr. Hotz served as consultant and advisor with DAC Consulting Inc. on National Security and National Defense issues since 2007
Interesting DAC consulting is this
http://www.davidchristian.us/dac-consult.htm
Just speculation but repopulating the board may be a step needed to make a move from the pinks to a better exchange.
may be wishful thinking but seems to be getting better with each appointment
press release
Jun 29, 2009, 9:23 a.m. EST
Sanswire Appoints William J. Hotz, Former Secret Service Agent and National Security Consultant, to Its Board of Directors
Purple Heart Marine and Author of 9-11 National Security White Paper Brings Four Decades of National Security and National Defense Experience
FORT LAUDERDALE, FL, Jun 29, 2009 (MARKETWIRE via COMTEX) -- Sanswire Corp. (PINKSHEETS: SNSR) (www.sanswire.com), a company that develops and produces lighter-than-air Unmanned Aerial Vehicles (UAV) designed to provide persistent surveillance for extended durations at mid and high altitudes, has appointed William J. Hotz to its Board of Directors.
Author of a white paper on national security that was presented to the United States Senate following the events of September 11, 2001, Mr. Hotz has a long and esteemed background in national security, and national defense issues.
Mr. Hotz served as consultant and advisor with DAC Consulting Inc. on National Security and National Defense issues since 2007. From 1997 to 2007 he served as agent in charge of a Federal Inspector General's office supervising agents in enforcement of Federal Laws and Regulations. Prior to that, from 1971 to 1997, he served as a Special Agent and Supervisory Special Agent of the U.S. Secret Service with responsibility for the physical protection of the President and Vice President of the United States and their families, as well as heads of state and foreign dignitaries, in the United States and locations around the world. Additionally, under his jurisdiction personal and field reviews were conducted on the newest technology used throughout the world. "Sanswire's national security applications are exciting and necessary," states William Hotz as he reflects on his many years of protecting America and its leaders.
Mr. Hotz served in the United States Marine Corps from 1967 to 1969 fighting at the battle of Khe Sanh. His military and personal decorations include the Purple Heart Medal, the Combat Action Ribbon, the Presidential Unit Citation, the National Defense Medal, the Vietnamese Cross of Gallantry, the Vietnamese Service Medal, and the Vietnamese Campaign Medal.
"William is a tremendous addition to our Board. We are fortunate to have board members that include Captain David A. Christian, our Chairman, Major General Wayne Jackson, and now William Hotz; each of whom have had distinguished military and professional careers while collectively sharing over eight decades of protecting the United States," said Jonathan Leinwand, Chief Executive Officer of Sanswire. "We welcome William to the team and look forward to his contributions as we continue to make progress towards the production of our first commercial STS-111 airship."
Mr. William Hotz said, "Sanswire's STS-111 airship exhibits a revolutionary and flexible design that solves many of the problems associated with traditional airships such as short loitering duration and need for deployment of heavy resources on the ground. I believe Sanswire has demonstrated the potential to provide a product with myriad applications for military, homeland defense, maritime, and border security use. I look forward to lending the knowledge gained through my Secret Service, U.S. Marine Corps and professional experience to help Sanswire move toward achieving its objectives."
For more news and information on Sanswire please visit http://irgnews.com/coi/SNSR where you can find a fact sheet on the company, investor presentations, and more.
About Sanswire Corp.
Sanswire Corp. (PINKSHEETS: SNSR) 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 more information, visit www.sanswire.com.
Forward-Looking Statements
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, 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:
The Investor Relations Group
212-825-3210
Investor Relations:
Rachel Colgate
Or
Michael Crawford
Or
Media Relations:
Mike Graff
SOURCE: Sanswire
Copyright 2009 Marketwire, Inc., All rights reserved.
The only winners as usual are the attorneys. The shareholders were only their vehicle to fat fees, screwed everyone far more than the real culprits.
assumption?? He's making a down right contradiction of his claim the military already is flying it.
If anyone is following the PR it's expected as part of their described testing, wouldn't be surprised if they were readying 3 and 4 shortly after testing progresses
it's meaningless
Well since you seem think it is meaningless and just keep folks buying then I guess you would know the "game" is played therefore you should be able to make a decent profit
press release
Jun 9, 2009, 8:01 a.m. EST
Sanswire-TAO Receives Initial STS-111 Segmented Airship Envelope for Testing
Various Tests Conducted on Two Airships to Simultaneously Work Towards Multiple Objectives
FORT LAUDERDALE, FL and STUTTGART, GERMANY, Jun 09, 2009 (MARKETWIRE via COMTEX) -- Sanswire-TAO Corp. (www.sanswiretao.com), the airship development and manufacturing joint venture equally owned by Sanswire Corp. (PINKSHEETS: SNSR) (www.sanswire.com) and TAO Technologies GmbH, has received the initial envelope structure of the segmented STS-111 airship to be used in the construction and testing of the company's first commercial production mid-altitude, mid-endurance airship.
The lightweight initial envelope structure is 111-ft. in length, 11-ft in height, and based on the patented multi-segmented, non-rigid design, which is extremely flexible and enables the airship to cope with winds encountered during flight.
Testing will take place at flight fields and at the University of Stuttgart's facilities. Throughout the testing schedule, the envelope will be outfitted with various electronics packages and will support the refinement of Sanswire-TAO's proprietary autonomous flight control system. Scientific teams will also work on the integration of the gas-cell and additional testing of the envelope in flight to evaluate a variety of atmospheric sensors as well as telemetry communications and ground controls.
The production of the commercial STS-111 airship is based on a spiral developmental cycle utilizing two separate STS-111 airship platforms aimed at achieving two separate sets of test objectives. The initial platform currently undergoing testing will be followed by a final fuelgas powered commercial platform. This second platform will house all final systems and equipment and perform higher altitude and extended duration testing.
"The delivery of the first envelope is a significant step forward for the team; it is important to us to ensure the testing is thorough as successful completion will allow further testing of additional systems and technologies during production of our first commercial STS-111 airship," said Jonathan Leinwand, CEO of Sanswire. "The efficiencies gained in terms of cost and time through the adaptation of the spiral, multi-platform, development cycle will accelerate our testing and development schedules. We have been extremely pleased with the progress and results TAO's team of engineers and scientists has delivered on the STS-111 airship thus far; this envelope testing is our primary objective and we look forward to the next step which will be flight testing."
Sanswire-TAO's range of airships is designed to address specific commercial and government needs for persistent, medium-to-long duration applications at medium and, in the near future, high altitudes to support homeland and border security and various other applications in the operational arena.
For more information and pictures of the Sanswire STS-111 Airship please visit: http://www.sanswire.com/STS111
press release
Jun 5, 2009, 9:00 a.m. EST
Sanswire Names Thomas Seifert as Chief Financial Officer
Company Consultant Brings Over a Decade of Financial Management Experience to Position
FORT LAUDERDALE, FL, Jun 05, 2009 (MARKETWIRE via COMTEX) -- Sanswire Corp. (PINKSHEETS: SNSR) (www.sanswire.com), ("Sanswire" or the "Company"), a company that develops and produces Lighter than Air Unmanned Aerial Vehicles (UAV) designed to provide persistent surveillance for extended durations at mid and high altitudes, has named Thomas Seifert as the Company's Chief Financial Officer, effective June 1, 2009.
Mr. Seifert has served as a consultant to the company since April 2007 and has more than thirteen years of experience in financial management. Prior to Sanswire, Mr. Seifert served 5 years as CFO of a public telecommunications company. He has raised several million dollars from various investors over the past six years and has vast experience in mergers and acquisitions. In addition, Mr. Seifert has been involved in transactions with Intervoice-Brite (INTV) and the Mark Travel Corporation, a subsidiary of United Airlines and United Vacations. Past positions include CFO of 2Sendit.com, Controller for Integrated Telephony Products, and Controller for Mountain Vacations.
"Since Thomas became a consultant to Sanswire in 2007, he has been an integral part of our efforts to bring the Company up-to-date in its fiscal filings," said Jonathan Leinwand, CEO of Sanswire. "He has been focused on rectifying Sanswire's previous issues and ensuring that we become current in our reporting requirements with the Commission so that we can begin to concentrate our efforts on our next stages of growth and development. We are thrilled to have Thomas become part of our core management team and we are fortunate to have such an experienced and well-respected professional as part of Sanswire."
"I am very excited to come on board in this capacity," said Thomas Seifert. "This is an auspicious time for Sanswire, as we move closer to flight testing the STS-111. During my time as a consultant with the Company, we were able to accomplish a tremendous amount. Sanswire has now reached a point where we have a firm corporate structure in place and can more readily focus on operations and continued testing of our products as we move towards production. I look forward to taking on this new role with Sanswire and am fully committed to ensuring the sound corporate governance of the Company."
no someone else pointed out the use of an Aerostat has bearing on Sanswire, the helicopter part is meaningless. I believe the word should be develop not pump and stratelite not blimp but of course you know that.