News
Sanswire Delivers SkySat Airship to Customer
AVENTURA, FL--(Marketwire - 05/05/10) - Sanswire Corporation (OTC.BB:SNSR), a developer and producer of unmanned aerial vehicles (UAV) and related technologies, today announced that the SkySat airship has been delivered to Eastcor Engineering's facilities. The Company also announced that, following inspection, the airship has been formally accepted by Global Telesat Corp (GTC), paving the way for GTC to release its initial payment to Sanswire. Pursuant to the purchase agreement with GTC, a deposit payment was applied to the purchase price once the inspection was completed. If all options in the contract are exercised, the contract could have a value of $1 million.
