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Satnews Daily
June 2nd, 2012

World Surveillance Group ...Don't Let Go Of This Successful Classified Test (UAV)



Argus One UAV
[SatNews] This test involved people hanging onto a tether...

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 successfully completed payload testing of tethered flights of the Argus One UAV in Nevada in accordance with the mission parameters established by our sponsor.

WSGI and its technical partner commenced the integration of the government-provided, classified payload during the first quarter of 2012 and recently completed the initial set of payload and flight tests of the Argus One in Nevada.

These tests are expected to continue in Easton, Maryland. WSGI President and CEO Glenn D. Estella stated, "We are pleased with the results from the payload and flight testing of the Argus One in Nevada and look forward to additional testing of the Argus One with classified payloads to illustrate the capabilities of the Argus One UAV to our sponsors. We are excited by the successful completion of this next step in the development and commercialization of our Argus One airship and expect to continue to execute our airship related strategic plan."

Due to the classified nature of the payload and testing program, the Company may provide additional information following approvals of the appropriate sponsoring parties.

The Argus One, named after the Greek god Argus who was the all seeing god with one hundred eyes, is designed to be a customer’s “eyes in the sky” even in remote locations. It is designed to meet certain requirements for ISR applications for U.S. military and other governmental agencies. Argus One is designed to fly over areas of interest for extended durations carrying various payloads intended to allow for ISR, communications and other applications. Argus One was specifically developed by WSGI using U.S. technologies that take advantage of the microelectronics and command and control technologies protected under the International Traffic in Arms Regulation (ITAR) for potential U.S. government and commercial customers.

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 successfully completed payload testing of tethered flights of the Argus One UAV in Nevada in accordance with the mission parameters established by our sponsor.

WSGI and its technical partner commenced the integration of the government-provided, classified payload during the first quarter of 2012 and recently completed the initial set of payload and flight tests of the Argus One in Nevada.

These tests are expected to continue in Easton, Maryland. WSGI President and CEO Glenn D. Estella stated, "We are pleased with the results from the payload and flight testing of the Argus One in Nevada and look forward to additional testing of the Argus One with classified payloads to illustrate the capabilities of the Argus One UAV to our sponsors. We are excited by the successful completion of this next step in the development and commercialization of our Argus One airship and expect to continue to execute our airship related strategic plan."

Due to the classified nature of the payload and testing program, the Company may provide additional information following approvals of the appropriate sponsoring parties.

The Argus One, named after the Greek god Argus who was the all seeing god with one hundred eyes, is designed to be a customer’s “eyes in the sky” even in remote locations. It is designed to meet certain requirements for ISR applications for U.S. military and other governmental agencies. Argus One is designed to fly over areas of interest for extended durations carrying various payloads intended to allow for ISR, communications and other applications. Argus One was specifically developed by WSGI using U.S. technologies that take advantage of the microelectronics and command and control technologies protected under the International Traffic in Arms Regulation (ITAR) for potential U.S. government and commercial customers.