FT. LAUDERDALE, FL and STUTTGART, GERMANY -- (Marketwire) -- 12/18/08 -- Sanswire Corp.
(PINKSHEETS: SNSR GlobeTel stock) (www.sanswire.com) and TAO Technologies GmbH today
announced that, pursuant to their previously executed agreement, TAO has
assigned to the Sanswire-TAO Corp. joint venture (www.sanswiretao.com)
certain of the patents and intellectual property licenses to its
lighter-than-air, remotely operated airships. The agreement calls for the
transfer of the exclusive rights to utilize the patents and intellectual
property for all projects originated in North America.
"Completion of this phase cements Sanswire's and TAO's shared dedication to
UAV deployment, and gives the Sanswire shareholders the U.S. and
international protection for the critical assets that are enabling the
Company to move forward," stated Jonathan Leinwand, Chief Executive Officer
of Sanswire.
TAO is the inventor of various patents in Germany including patent
applications registered for worldwide protection under the Patent
Cooperation Treaty. The patents and intellectual property cover the
technology harnessed in Sanswire-TAO's low-, medium-, and high-altitude
platforms as well as other products and systems to be built for potential
commercial and governmental clients. The transfer of the intellectual
property to Sanswire-TAO further assures the Company's ability to exploit
the technologies in those markets.
Certain processes within the technologies are proprietary, and provide
unique competitive advantages to the program -- specifically the patented
segmented cell design, the custom autonomous flight controls and the
recently filed international patent application for the propulsion system
with energy medium.
The patents involved in the transfer are:
-- German Patent DE 100 10 647.1-42, filed March 3, 2000 and published on June 9, 2001, entitled Airship (with automatic regulation), including any continuations, continuations-in-part, divisionals, re-examinations or re- issue patents derived therefrom
-- German Utility Model: DE 200 04 028.6, filed March 3, 2000 and published on July 9, 2001, entitled Airship, including any continuations, continuations-in-part, divisionals, re-examinations or re-issue patents derived therefrom
-- International Applications PCT/EP2008/059879, filed July 28, 2008, entitled Segmented Aircraft with Energy Medium, including all corresponding United States, Canadian and Mexican patent applications and any continuations, continuations-in-part, divisionals, re-examinations or re- issue patents derived therefrom
-- All applications or patents corresponding to Patent No. P11.267DE, including all corresponding United States, Canadian and Mexican patent applications and any continuations, continuations-in-part, divisionals, re- examinations or re-issue patents derived therefrom
Under terms of the agreement to form Sanswire-TAO Corp., announced June 19,
the joint venture owns the exclusive rights to utilize the patents and
intellectual property for projects that originate in North America. The
Company believes that most global solutions for which its UAV platforms
would be designed will be initiated by entities within the United States.
About Sanswire Corp.
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 more information, visit
http://www.sanswire.com.
About Sanswire-TAO Corp.
Sanswire-TAO exclusively owns and markets all the technology and
intellectual property associated with TAO's lighter-than-air (LTA) unmanned
aerial vehicles (UAV), including the Stratellite™ high-altitude airships,
the SAS-51 low-altitude airships, the mid-altitude SkySat airship category,
and the PADDS Precision Air Drop Delivery System in the U.S., Canada and
Mexico. Sanswire-TAO Corp. is jointly owned by TAO Technologies GmbH and
Sanswire Corp. For more information, visit http://www.sanswire-tao.com.
About TAO Technologies GmbH
TAO Technologies GmbH, in cooperation with the University of Stuttgart, led
by Professor Dr. Bernd Kröplin, is highly regarded throughout the world for
research, design, development and flight testing of various designs of
aerial vehicles.
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.
Contact:
Robert Bleckman
Sanswire Communications Corp.
(954) 332-3759
