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World Surveillance Group Confirms Free Flight Testing and Demonstrations of the Argus One UAV at the Department of Energy Nevada Test Site in Early December 2011Flight Testing and Demonstrations in Nevada Sponsored by the Department of Defense (November 16, 2011)
KENNEDY SPACE CENTER, FL -- (Marketwire) -- 11/16/11 -- World Surveillance Group Inc. (OTCBB: WSGI), a developer of lighter-than-air ("LTA") unmanned aerial vehicles ("UAVs") and related technologies, announced today that the Company has confirmed that free flight testing and customer demonstrations of the Argus One UAV will take place at the U.S. Department of Energy Nevada Test Site ("N2S2") in early December 2011. These flight tests and demonstrations at N2S2 are being sponsored by the U.S. Department of Defense ("DoD") and have been rescheduled from the proving ground facility in Yuma, AZ.
At the N2S2 flight exercises, WSGI intends to test and also demonstrate the Argus One UAV and its capabilities to the DoD sponsors, who will be providing both capabilities such as pre-flight, frequency, and free flight coordination testing, and access to N2S2 facilities including hangar space and airport operations. Additionally, WSGI is in discussions to conduct flight testing and demonstrations in Oklahoma pursuant to the recent agreement executed by WSGI with Oklahoma State University - University Multispectral Laboratories, LLC ("UML") at UML's Oklahoma Training Center - Unmanned Systems ("OTC-US") within the U.S. Army's Fort Sill restricted airspace. Flight preparation and testing in Nevada will be carried out by WSGI's technical partner, Eastcor Engineering ("ECE"), who will manage and oversee the flight operations of the Argus One UAV.
The expected Argus One flight exercises at Oklahoma will be the first of many activities planned under a recently executed collaboration agreement with UML, a national center for testing, evaluating, and implementing defense, homeland security, energy and intelligence systems. UML has an agreement with the U.S. Army's Fort Sill to utilize restricted airspace for unmanned aerial systems operations with UML clients including numerous government agencies and programs, and commercial entities.
WSGI intends to announce information and details regarding the results of the N2S2 flight testing and demonstrations upon conclusion of the flights and after approvals from the sponsoring bodies governing the exercises. Following the completion of the flight testing of the Argus One UAV in Nevada, WSGI and ECE will commence preparation of a performance data package, required under a contract awarded from Space Florida, an independent special district, body politic and corporate, and subdivision of the State of Florida.
About World Surveillance Group Inc.
World Surveillance Group Inc. (OTCBB: WSGI) designs, develops, markets and sells autonomous, lighter-than-air UAVs capable of carrying payloads that provide persistent security and/or wireless communications solutions at low, mid, and high altitudes. WSGI's airships, when integrated with electronics systems and other high technology payloads, are designed for use by government-related and commercial entities that require real-time intelligence, surveillance and reconnaissance or communications support for military, homeland defense, border control, drug interdiction, natural disaster relief and maritime missions. For more information regarding WSGI, please visit www.wsgi.com, or view our reports and filings with the Securities and Exchange Commission on http://www.sec.gov.
Certain statements in this release constitute forward-looking statements. These statements include those regarding the benefits, conduct, results, future activities or development of or related to the Company's relationship with UML, the timing, location or results of any flight testing of our UAVs, the outcome of any demonstrations of the Company's airships, the roles to be performed or capabilities provided during any testing of our UAVs, the expected payloads or systems to be carried on the Argus One or to be tested during any given flight test, the further advancement, development or commercialization of the Company's UAVs, the capabilities and advantages of, and costs related to, the Company's technology and products, and the Company's ability to execute on its strategies or business plan or accomplish any of its goals. The words "forecast," "project," "intend," "expect," "plan," "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 to not achieve some or all of its goals or 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.
World Surveillance Group Inc.
Barbara M. Johnson
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