The agreement provides GTC with an opportunity to invest in Sanswire and calls for Sanswire to study the integration of GTC's satellite simplex data transmission systems, called "appliqués," with Sanswire's LTA platforms to allow data communications in areas of the world not yet covered by Globalstar's gateway earth stations. In this role, the Sanswire LTA platforms would act as a surrogate Globalstar ground station.
The companies are hopeful that their synergistic compatibilities can result in the ability to:
-- Mount GTC Appliqués on Sanswire LTA platforms for persistent, autonomous aerial monitoring and tracking solutions. -- Customize the systems and services for GTC and Globalstar customers to provide governments, armed forces, disaster relief organizations or industrial users with a highly secure, precise method of asset tracking and monitoring in areas where the standard commercial Simplex Data Service is currently unavailable. -- Combine technical resources and engineering teams to further develop and test LTA platforms with unique sensor packages for uses from tracking to pipeline monitoring.
Testing and commercialization of the LTA-based service may be subject to U.S. and foreign governmental approvals.
Jonathan Leinwand CEO of Sanswire Corp stated, "We're starting to see the solidification of unique opportunities for Sanswire's LTA platform to provide a wide range of uses both on and above earth, and we're excited to be able to explore the integration of our capabilities with an established satellite network and proven appliqué system. Not only do we welcome GTC and Globalstar as technology partners, but we look forward to deploying solutions that meet a wide range of demands in this critical marketplace."
GTC is a leading service provider of Simplex Data Service over the Globalstar System, a transmission resource for status reports on a wide range of fixed assets such as oil pipelines, environmental measuring instruments and utility meters as well as tracking mobile assets such as vehicles, tractor trailers, cargo containers and marine vessels.
Sanswire Corp. develops and provides an integrated suite of aerospace communications products and services, leveraging its relationships with leaders in UAV (Unmanned Aerial Vehicle) technologies. Sanswire Corp. is focused on the design and construction of various aerial vehicles, capable of carrying payloads that provide persistent surveillance and security solutions at various altitudes. For additional information, please visit www.sanswire.com.
About Global Telesat Corp.
GTC provides satellite airtime and tracking services to government and defense industry end users and are partnered with resellers of leading satellite network providers such as Globalstar, Inmarsat, Iridium and Thuraya. GTC specializes in satellite tracking services and owns a number of network infrastructure devices containing the signal processing technology that powers the Globalstar Simplex Data Service. GTC's equipment is installed in various ground stations across South America, Europe, Asia, and Australia. For more information regarding GTC, please visit GTC's website at www.gtc-usa.com.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "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, including an ongoing formal investigation by the U.S. Securities & Exchange Commission and delayed filings of quarterly results, any of which could cause 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.