KENNEDY SPACE CENTER, FL -- (MARKET WIRE) -- 02/14/12 -- World Surveillance Group Inc. (OTCBB: WSGI), a developer of lighter-than-air unmanned aerial vehicles and related technologies, announced today that its wholly owned subsidiary, Global Telesat Corp. ("GTC"), has unveiled a new e-commerce Mobile Satellite Solutions ("MSS") portal, www.gtc-usa.com. The new website has been launched as part of the Company's strategy to diversify its satellite business operations, address a multi-billion dollar global market, and generate a new near-term revenue stream for the Company.
In recent years, GTC secured and serviced U.S. Department of Defense and defense-related prime contractor contracts for MSS worth in excess of $10 million. Pursuant to such contracts, GTC provided hardware and satellite airtime services to thousands of individual satellite voice, data and tracking devices, many of which were used in mission critical situations. GTC intends to capitalize on this government-related experience to address the commercial marketplace for MSS and capture a share of the global satellite services market that is estimated to double in value to $10 billion by 2020 (Source: Northern Sky Research, June 2011).
GTC's new website offers a range of portable satellite voice, data and tracking solutions that provide communications services to areas of the world where other methods of communication do not exist or are currently limited, including remote land and ocean areas, the polar regions, and areas where an existing telecommunications infrastructure has been negatively affected by political conflicts, natural disasters or other such events. GTC's available solutions include handheld satellite phones, personal and asset tracking devices, and portable high speed broadband terminals, all of which work virtually anywhere in the world. GTC's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation and utilities as well as recreational users.
GTC launched its new website for MSS to appeal to a global, technologically advanced customer base. It delivers a rich, user-friendly interface so that customers can research solutions suitable for their individual requirements and instantly purchase online any of the products or services supplied by GTC and/or its network providers, including Iridium, Inmarsat, Thuraya and Globalstar. Through this network, GTC's website offers voice, data and tracking solutions with 100% global coverage.
Additionally, GTC's new website debuts a line of its own custom developed commercial tracking products that were previously used exclusively by U.S. government customers and thus have satisfied the toughest operating requirements for years. GTC's tracking devices will operate and be certified for use on the Globalstar satellite constellation. Users of these GTC tracking products will be able to access their accounts online and view near-live location and status transmissions using GTC's proprietary mapping web interface.
As a certified Government contractor, GTC plans to further increase MSS revenue opportunities through registration with the U.S. General Services Administration ("GSA") Schedule Program. The GSA Schedule Program enables billions of dollars in federal spending and helps eligible users, including all branches of Federal, State and Local governments, more easily meet their procurement needs. The U.S. Federal government spends over $40 billion each fiscal year on contracts through the GSA Schedule Program, including MSS contracts.
