Sanswire receives funding commitment from Global Telesat
Submit on Wednesday, April 22nd, 2009 05:53
Sanswire-TAO Corp., the airship manufacturing joint venture equally owned by Sanswire Corp. and TAO Technologies GmbH, announced that it has received a funding commitment for US$1.4 million arranged by satellite tracking provider Global Telesat Corp. (GTC) and has commenced construction of its first production commercial/government use unmanned autonomously controlled, Lighter than Air (LTA) airship, designated the STS-111.
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