Scottsdale 8/2/2013 3:00:00 AM
News / Stocks

World Surveillance Group (WSGI) Sign Sales Agreement with US Technik

QualityStocks would like to highlight WSGI (OTCBB: WSGI), a highly focused company set on providing various services through its lighter than air platforms (LTA). WSGI is focused on providing services to both the Government and Commercial sectors on a global scale. WSGI designs and builds specialized airships capable of carrying various payloads and transmitting various types of wireless communications. The company designs, develops, markets, and sells autonomous lighter-than-air (LTA) unmanned aerial vehicles (UAVs) capable of integrating wireless technologies with various customer payloads to provide persistent security, intelligence, surveillance, and reconnaissance (ISR) and broadcasting and communications solutions at low, mid, and high altitudes.

In the company’s news,

World Surveillance Group and its wholly owned subsidiary, Lighter Than Air Systems Corp. (LTAS), have entered into an agreement with defense contractor US Technik, Inc., in which US Technik is now a sales contractor for the Blimp in a Box™ aerostat system (BiB) and other LTAS and WSGI products.

Per the agreement, US Technik will act on WSGI’s and LTAS’ behalf at marketing events, trade shows, as well as at potential customer presentations and meetings, providing demonstrations of the companies’ products and marketing them on a global scale to the defense, homeland security, and first responder sectors, among others. US Technik also has the right to provide post contract field services support, operations support, and training to WSGI customers.

US Technik specializes in tactical aerostat capabilities as well as provides technology services, systems integration, managed services, operational support, and training for various products. LTAS and US Technik collaborated on 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.

Following 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, and has received orders from SMDC for upgrades to the two systems for a communications related payload system, powered tether, and various other components.

“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,” WSGI president and CEO, Glenn D. Estrella, stated in the press release. “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.”

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