TMCnet News
Techsphere Systems International on Track for Unmanned Spherical Airship; Airships will Provide Superior Platform for Both Defense and Telecommunications ATLANTA --(Business Wire)-- April 6, 2004 -- One week after announcing the establishment of Techsphere Systems International's global manufacturing headquarters in Columbus, Georgia, the company has relocated their spherical airship to the Georgia Tech Research Institute in Atlanta, Georgia, for continued research and development. They expect to launch an unmanned test flight early summer 2004.Every day brings us closer to our goal of manufacturing high-altitude, unmanned airships that will meet the needs of both the defense and telecommunications industries, said TSI President Mike Lawson. We are watching our vision become a reality, and working with our partners at 21st Century Airships, Proxity Digital Networks (PinkSheets:PDNW), and the Georgia Tech Research Institute, we will soon be able to showcase our technology to the world. The Georgia Tech Research Institute (GTRI) is working on a number of technological innovations that will make the already unique spherical airship a superior resource. Research and development is already underway to fully automate the airship so that it can fly in both manned and unmanned mode while carrying highly sophisticated sensors or telecommunications payloads. Concurrently, GTRI is working toward the development of renewal energy resources that will allow the airships to stay on-station for up to one year. The Georgia Tech Research Institute is proud to be a part of this exciting and important project. Equipped with the right payloads, the potential applications for these airships are infinite, commented Professor Robert C. Michelson, Principal Engineer and Director for GTRI's high altitude airship program. Before long, these ships will know how to reach and remain at a programmed location, the next step will be optimizing energy sources to allow for extended flights. The airship's ability to remain in one position will allow for real time communication and relay of surveillance. In addition, the airship will be able to operate as a hovering cell tower, either as a substitute for or enhancement to traditional terrestrial cell towers or telecommunications satellites. Additional information about Techsphere Systems International www.techspheresystems.com Proxity Digital Networks www.proxity.com This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words may, would, will, expect, estimate, anticipate, believe, intend, and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. |
