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World Surveillance Group Demonstrates Argus One UAV for U.S. Department of Defense at the Nevada Test Site(January 17, 2012)
KENNEDY SPACE CENTER, FL -- (Marketwire) -- 01/17/12 -- World Surveillance Group Inc. (OTCBB: WSGI), a developer of lighter-than-air unmanned aerial vehicles ("UAVs") and related technologies, announced today that the Company has completed initial demonstrations of its Argus One UAV to the U.S. Department of Defense ("DoD") at the U.S. Department of Energy Nevada Test Site ("N2S2"). The Argus One flight exercises were sponsored and coordinated by the DoD and executed by WSGI's technical partner, Eastcor Engineering ("ECE"). The recently held flight exercise is the first in a series of flight and testing activities planned for 2012. In preparation for subsequent DoD coordinated flights, the Argus One UAV has been re-stationed at the N2S2 facilities where the airship remains inflated inside a hangar facility for further testing, evaluation and demonstrations as weather conditions and scheduling permit.
The Argus One is a mid-altitude, lighter-than-air UAV designed to hover above the earth's surface for extended periods of time. The uniquely constructed low observable airship is designed to handle surface winds in a more efficient manner than traditional "blimp-like" airships, while delivering a cost-effective solution based on minimal ground and human infrastructure.
WSGI is currently awaiting proper clearances and approvals to release images and video footage from the flight exercise at N2S2. For more information on the Argus One UAV including images from previous flight exercises please visit www.wsgi.com/argus
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 timing, location or results of any flight testing or demonstrations of our Argus One UAV, 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, the Company's proprietary technology, 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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