GlobeTel Communications Corp. provided an update on the launch of the Stratellite prototype being built in California. The launch is set for the first quarter of 2005.
Sanswire has elected to construct the prototype in sections, made up of several sub-assemblies. The construction of the sub-assemblies began in November and will continue during the month of December. The sub-assemblies are being fashioned and tagged in an assembly line and will be shipped to the hangar to be assembled into the Stratellite prototype, Sanswire One.
Sanswire provided pictures of a sub-assembly that shows the weight of the material and overall potential size of the prototype of the Stratellite. Over 10,000 parts and over 60,000 aircraft rivets will be used in the interior structure, which requires a substantial portion of the time required to build Sanswire One. Upon assembly, the engines, guidance system and solar panels will be attached, and the testing can begin.
Timothy Huff, CEO of GlobeTel Communications Corp stated, "We will continue to update our shareholders and the public on the progress of the construction of Sanswire One. The engines, guidance system and solar panels have been selected. What remains is putting the pieces together. We are very excited as our vision and dreams are being literally under construction in the dessert of California. Sanswire One will be launched in California and the test will be run for approximately 60 days."
A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of over 10 miles, each Stratellite will have clear line-of-site communications capability to an entire major metropolitan area as well as being able to provide coverage across major rural areas. Several Stratellites linked together could cover many hundreds of thousands of square miles. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.
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 Placement 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 which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings.
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