Published:
Global Aerial Surveillance Signs Agreement to Begin Working on Proprietary Airframe Technologies With Leading Manufacturer of Composite Airframes for the Aerospace and Aviation Industries
Global Aerial Surveillance (OTC: GARS), a
developer and manufacturer of unmanned aerial vehicles (UAV) for both
commercial and military applications, announced today that it has signed an
NDA with Sparta Composites www.composites.sparta.com, a leading composite
manufacturer for the aviation and aerospace industry, to begin working on
proprietary airframe technology and design.
"After conducting a walk through plant tour and meeting with Sparta
Composites in San Diego, California, we signed an NDA to begin work on
proprietary airframes which are currently being developed by Global,"
stated Craig Cervantes, CEO of Global. He added, "Sparta manufactures
various composite structures and aviation products for many of the systems
that are currently being used in the US military, including currently
fielded UAV airframes like the Raven and Dragon Eye."
By working with Sparta, Global hopes to solidly position itself to bid on
many of the upcoming Requests for Proposal (RFPs) that are being released
from the US Air Force and Marine Corps.
Cervantes added, "We are fortunate to have been able to visit Sparta's
world-class facilities. I was very impressed with the working environment
and the quality of the products that the company is producing. We are
confident knowing that when we need to deliver on major contracts, whether
military or civilian, Sparta can produce our airframes and systems in a
timely manner and always meet our customer's needs."
"The quality of product that Sparta produces is second to none in the
industry. Global's customers must be pleased with our products, no
exceptions; we are confident that this will be the case," added Cervantes.
About Sparta Composites
Sparta Composites is focused on advanced material technology which achieves
lower weight, improved thermal control and structural performance, and part
fabrication costs competitive with current metallic designs. A variety of
processes are being successfully applied in the fabrication of complex and
close dimensional tolerance composite parts. SPARTA Composites manufactures
components for both military and commercial applications, composite
enclosures and aircraft and automotive components. SPARTA Composites is
comprised of the facilities, equipment and experienced staff to analyze
design and manufacture cost effective composite parts for a variety of
applications.
About Global Aerial Surveillance
Global Aerial Surveillance intends to capitalize on what the company sees
as an opportunity in the civilian and military markets to provide Unmanned
Aerial Vehicles (UAVs) for a myriad of potential applications. Although the
applications for UAVs are numerous, Global intends to concentrate its
development and marketing efforts in small, underserved niches where it can
compete aggressively with pricing and service exceeding the competition.
Global will take a new approach to the development of UAV technology by
making use of advanced composite construction techniques and materials and
incorporating the latest in ultra-light high-speed computer processors to
deliver a flexible, mission-specific UAV to its customers that can perform
various complex missions.
A recent study of the worldwide UAV market concluded that US spending on
UAVs amounted to about 73% of worldwide research and production spending in
2003. The US has dominated this market in recent years, due in part to the
depth of research and wide range of production programs.
Frost & Sullivan, a research group in San Antonio, Texas, forecasts that
the market for UAVs will be worth nearly $5 billion by 2005. Michael Heinz,
who heads Boeing's Unmanned Systems unit, and other executives at military
contractors see an annual market of at least $10 billion by decade's end,
with growth continuing at double-digit rates for a decade or more.
The statements made in this press release, which are not historical facts,
contain forward-looking statements concerning potential developments
affecting the business, prospects, financial conditions and other aspects
of the company to which this release pertains. The actual results of the
specific items described in the release, and the company's operations
generally, may differ materially from what is projected in such
forward-looking statements. Although such statements are based upon the
best judgments of management of the company as of the date of this release,
significant deviations in magnitude, timing and other factors may result
from business risks and uncertainties including, without limitation, the
company's dependence on third parties, general market and economic
conditions, technical factors, the availability of outside capital, receipt
of revenues and other factors, many of which are beyond the control of the
company. The company disclaims any obligation to update information
contained in any forward-looking statement.
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