Sanswire Enters Into Agreement With Specialized Defense Engineering Firm on SkySat UAV
AVENTURA, FL -- (Marketwire)
04/28/10
Sanswire Corporation (OTCBB: SNSR), a developer and producer of unmanned aerial vehicles (UAV) and related technologies, today announced that the company has entered into an agreement with specialized electronics engineering firm Eastcor Engineering LLC that will perform the inspection of the SkySat UAV and the integration of various intelligence, surveillance, and reconnaissance (ISR) technologies into the SkySat UAV.
The services agreement follows the terms of the SkySat purchase agreement recently awarded to Sanswire by satellite tracking firm Global Telesat. Pursuant the SkySat purchase agreement, Sanswire and Global Telesat selected Eastcor, a Department of Defense-qualified prime contractor, to provide integration services with the goal of developing SkySat into a turn-key solution for reconnaissance missions.
The SkySat is a 126-ft long, lighter-than-air UAV designed for ISR missions at altitudes between 30,000 feet and 45,000 feet. The remotely operated airship is powered by an electronic propulsion system and features a proprietary teardrop design that incorporates five independent gas cells housed in a specialized envelope.
Sanswire and Global Telesat will work closely with Eastcor in preparing the SkySat for demonstrations to various potential customers. Sanswire is responsible for delivering the components of the SkySat airship to EastCor's facilities where its technicians and engineers will inspect and commence work on the SkySat.
About Sanswire Corp.
Sanswire Corp. (OTCBB: SNSR) 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.
About Eastcor Engineering LLC.
Eastcor Engineering is a provider of engineering and technical services to various agencies of the Department of Defense.
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.
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