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WEST PALM BEACH, Fla., Jul 01, 2004 (PRIMEZONE via COMTEX) -- Proxity Digital Networks, Inc. (Pink Sheets:PDNW) and Techsphere Systems International, Inc., announce through Cyber Aerospace Corp., an operating subsidiary of Proxity's On Alert Systems, that the SA-60 low altitude surveillance airship has flown at 10,000 feet altitude satisfying all flight criteria required under existing contracts. The 10,000 ft. flight took place as Cyber Aerospace conducted contractor demo flights for the U.S. Navy at Captain Walter Francis Duke Regional Airport in Hollywood, St. Mary's County Md.
Naval Air Systems Command (NAVAIR) recently contracted with Cyber Aerospace and has been flight-testing the SA-60 spherical airship to evaluate its potential to satisfy future military and defense requirements. The SA-60 is manufactured by Techsphere Systems International. Cyber Aerospace holds the exclusive global government marketing rights to the SA-60 and other Techsphere advanced spherical airship designs. In addition, Sierra Nevada Corporation has entered an exclusive partnership agreement to provide technology, payload, and sensor integration for government and commercial end users.
The partnering companies accomplished the goals of the flight tests, climbing to 10,000 feet altitude in a flight sortie that lasted over three hours.
According to a recent published report, NAVAIRs purpose in conducting the demonstrations was to determine the characteristics of the SA-60 spherical airship, what it's really good at, find out what it can't do, quantify that, and then make that available to the Navy for consideration on future missions. The main thing NAVAIR is interested in is economical, persistent surveillance...an airship provides that better than any other vehicle. Airships can operate 25-30 percent cheaper than comparable rotary wing or fixed wing aircraft. http://www.aviationnow.com/avnow/news/channel_aerospacedaily_story.jsp?id=news/eva06294.xml
The SA-60 can be moved by truck and assembled in as little as 24 hours by a small contingent. The SA-60 airship currently requires an onboard pilot, but the companies are moving forward with plans to prepare an unmanned version, allowing for much longer flights. A larger operational version is expected to have a diameter of 76 feet, be able to attain and maintain a 16,000 foot altitude, and fly for up to two-days. Another version would have a diameter of 200-feet and would be capable of wide-area surveillance and/or telecommunications relay missions flying at altitudes up to 68,000 feet. This version could be constructed and test flown within 12 months. Outfitted with solar panels and regenerative fuel cell technology, the 200-foot airship could stay aloft for months.
About Proxity Digital Networks, Inc.
Proxity Digital Networks, Inc. is a developmental holding company specializing in the deployment and marketing of security protection technology and government contract fulfillment. The Company seeks to acquire and develop security technology. Proxity plans to enter into teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for commercial, military and homeland defense. http://www.proxity.com
About On Alert Systems, Inc.
Marva18
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Its taking off!!
Media coverage for Cyber Aerospace, the SA-60 Airship, and the Cyber Scout:
Steve Huett, director of airship programs of Naval Air Systems Command, sees the helium air ship having a clear potential for border patrol and national defense. "Absolutely, without a doubt,'' Huett says. What the Pentagon suddenly can envision is a fleet of these air ships guarding America's coastlines.
proxity.com
Golf57
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After reading up on this Co. I'm suprised that the popularity of this stock is so low. I know that I'll be putting this stock on my radar screen and I hope everyone else does to. This stock could easely go to $2 or $3 no problem.
I live in West Palm Beach and supposedely this Co. is out of W.P.B. and I would like to pay them a visit but, I can't find their address. If someone could find their address and posted for me I will investigate.
Thank You.
King Crimson
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business and investor relations-- 1600 canal st, suite 1418, new orleans, la
media contact-- emerson gerard associates, inc 5600 n. flagler dr, # 601, w palm beach, fl
been on this for awhile. good co. imho y'know who else owns this stock??---joe theisman (fmr redskins qb). he mentioned it on squawkbox (cnbc) before they shut him up about talking about pinks.
i think this co. has a bright (and prosperous) future. good luck to you, and welcome to a good investment.
--kc
quote:Originally posted by Golf57: After reading up on this Co. I'm suprised that the popularity of this stock is so low. I know that I'll be putting this stock on my radar screen and I hope everyone else does to. This stock could easely go to $2 or $3 no problem.
I live in West Palm Beach and supposedely this Co. is out of W.P.B. and I would like to pay them a visit but, I can't find their address. If someone could find their address and posted for me I will investigate.
Thank You.
[This message has been edited by King Crimson (edited July 11, 2004).]
Golf57
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I'm really surprised that more people aren't interested in this stock.
King Crimson
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anybody else see that fat finger @ .20 ??? it was only 6,000 shares.
sure brightened up my morning though.. ......if only briefly..lol..glta....
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