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Sanswire: Sanswire Joint Venture Assigned Unmanned Aerial Vehicle Patent Licenses

^{Published on 2008-12-18 04:05:29 - Market Wire}
 

FT. LAUDERDALE, FL and STUTTGART, GERMANY--(Marketwire - December 18, 2008) - Sanswire Corp. (PINKSHEETS: [ SNSR ]) ([ 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.