April 20th, 2011
Sanswire (Now World Surveillance Group)... Flight Furtherance + A Naming (UAS/UAV)
Sanswire Corp. (OTCBB: SNSR) has announced today that their Argus One UAV has successfully completed its initial series of flight tests to an altitude of 500 feet.The restricted, low altitude flight tests were conducted under tower control at Easton Airport by its technical partner, Eastcor Engineering.
The initial series of flight tests involved aerodynamic assessments of the Argus One's new airship design, its envelope and stability and propulsion systems. The Argus One airship made a number of controlled ascents and descents and was flown both with and without its engine running to evaluate the airship's handling and stability characteristics. At all times during these initial tests, the airship was tethered to the ground to comply with currently applicable regulations and for safety reasons. Control of the Argus One's systems was accomplished during the flight tests by wireless line of sight digital signaling. Subsequent tests will, among other things, evaluate the electronic flight attitude control systems, autopilot and vehicle control interfaces, sensor command and control, data exfiltration and a new propulsion system with a more powerful engine. This series of low altitude flight testing in Maryland is designed to prepare the Argus One for its upcoming flight tests at the U.S. Army's proving ground facility in Yuma, AZ where higher altitude, untethered flight testing will commence. Once the Argus One airship design has been proven in these controlled tests, the Company expects to file for an experimental license from the Federal Aviation Administration ("FAA") that will enable the Company to perform more wide scale testing of its airship.
Additionally, Sanswire Corp. announced today that it has changed its corporate name to World Surveillance Group Inc. ("WSGI"). The new name reflects the Company's intention to focus on providing enhanced global intelligence, surveillance, and reconnaissance ("ISR") and monitoring services following its recently executed letter of intent to acquire satellite based tracking firm, Global Telesat Corp. ("GTC"). WSGI has been issued a new CUSIP number by Standard and Poor's and has requested a new stock ticker symbol, which it expects FINRA to assign in the near future. The Company will continue trading on The OTC Bulletin Board (OTCBB) under the ticker SNSR until it receives its new stock symbol from FINRA. Plus, a new website has debuted for the Company.