"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.
Contact: Global Aerial Surveillance 702-987-0395 Email Contact http://www.globalaerialsurveillance.com