Wednesday, July 31, 2013

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

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.” For more information, visit www.wsgi.com or www.ltascorp.com About QualityStocks QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies. Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net The Quality Stocks Daily Blog http://blog.qualitystocks.net The Quality Stocks Daily Videos http://videocharts.qualitystocks.net The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net

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