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AEROS BEGINS DEVELOPMENT OF A NEXT-GENERATION INTELLIGENT AEROSTAT SYSTEM

Los Angeles, California -  March 20, 2004

Aeros has begun development of a new-technology aerostat system. The scope of effort for the program will incorporate a number of new capabilities, such as pitch attitude control and a LAN communications backbone.

"We see need for a large infusion of technology in aerostat systems today," remarks Aeros CEO Igor Pasternak. "These systems have tended to lag in technology instead of leading in it, and as a result a large leap forward is needed to catch up their capabilities with what is achievable today." As a result, the system now in development will serve as a technology testbed for a number of new features and subsystems- many of which do not exist on any aerostat systems available today. One important design constraint for the expected customer base will be ease of transport, to allow rapid system deployment to anywhere in the world.

The new system is expected to be flying by late spring.

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