WSGI announced premarket news...sales pipeline coming to fruition and placement of a service support company (hopefully in anticipation of new military contracts to soon be announced).
KENNEDY SPACE CENTER, FL--(Marketwired - Jul 30, 2013) - World Surveillance Group Inc. (OTCQB: WSGI), a developer of lighter-than-air aerostats and unmanned aerial systems, announced today that WSGI and its wholly owned subsidiary, Lighter Than Air Systems Corp. ("LTAS"), have entered into an agreement with defense contractor US Technik, Inc. that makes it a sales contractor for the Blimp in a Box™ aerostat system ("BiB") and other LTAS and WSGI products. Pursuant to the agreement, US Technik also is to provide sales and services support by acting on WSGI's and LTAS' behalf at marketing events, trade shows, and potential customer presentations and meetings, providing demonstrations of our products, and marketing our products in the U.S. and internationally to, among others, the defense, homeland security and first responder sectors. US Technik also has the right to provide post contract field services support, operations support and training to our customers relating to all of WSGI's and LTAS' products.
US Technik is a veteran owned, small business corporation headquartered in Colorado Springs, Colorado that works with government and commercial organizations to find product solutions and then to provide training and support related to such systems in the U.S. and abroad. US Technik specializes in tactical aerostat capabilities, but also provides technology services, systems integration and managed services in addition to operational support and training for various products.
LTAS and US Technik jointly worked on the LTAS tactical aerostat systems operated by the U.S. Army's Space and Missile Defense Command ("SMDC") Battle Lab and worked with WSGI and LTAS by providing training and operations support for the Blimp in a Box systems to the U.S. Army. Subsequent to the operations and training on the initial SMDC aerostat system, LTAS delivered a second complete trailer-based launcher system along with two additional aerostats to SMDC. LTAS has also received orders from SMDC for upgrades to the two systems for a communications related payload system, powered tether and various other components.
LTAS has also received several additional orders recently: the first is for an aerostat and subsystem solution from Eglin Air Force Base; and the second is for a land-based versatile surveillance mast system from the Ventura County Public Health Department - Emergency Medical Services.
WSGI President and CEO, Glenn D. Estrella, stated "We look forward to further developing the business relationship we have with US Technik following our joint efforts with our Department of Defense customers and expanding our sales pipeline for the BiB and other products while also providing first class operations and training support. It is exciting to see LTAS' continued sales procurement and execution, especially the follow-on orders which evidence customer satisfaction. We, along with LTAS, intend to pursue our current pipeline of opportunities for both LTAS' tactical aerostat systems and our ground-based mast surveillance solutions in order to expand LTAS revenues and customer base."
For additional information about WSGI, please visit www.wsgi.com.
For additional information on LTAS, please visit www.LTAScorp.com.
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