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GlobeTel Announces Letter Of Intent With Solar, Fuel Cell Research Consortium

File photo of Sanswire One in the hangar.

Fort Lauderdale FL (SPX) Sep 07, 2005
GlobeTel Communications has announced that its subsidiary, Sanswire Networks, has signed a Letter of Intent (LOI) with the Center for Solar Energy and Hydrogen Research Baden-Wuerttemberg (ZSW).

The LOI states that ZSW will provide research and development engineering support under a Cooperative Research and Development Agreement for the development of a state-of-the-art solar-electric propulsion system for Sanswire's Stratellite airship.

"ZSW is the result of an extremely progressive and well-funded effort by the German government to enable widespread use of renewable energy technologies," said Bob Jones, President of Sanswire.

"Their extensive research and development capability in the areas of solar, advanced batteries, and fuel cells are at the forefront of this technology and this agreement will greatly enhance our program."

Timothy Huff, Chief Executive Officer of GlobeTel, stated: "We are very pleased and excited that we are attracting such high-caliber, world-renowned experts with this technology. This will contribute to the rapid advancement of our Stratellite program. This strategic move, in bringing the expert of experts to our team, gives us an added edge over our competitors. Our ability to work with such innovative thinkers with a proven track record adds significant expertise to the development of the Sanswire 2 technology demonstrator."

Sanswire's Senior Electric Propulsion Systems engineer, Jonathan Barraclough, will be working with ZSW to successfully leverage their expertise to help insure the success of the Stratellite.

"ZSW, with its long-ranging experience in thin-film solar cell and energy-storage technology, is very pleased to cooperate with Sanswire in the development of the energy system for high-altitude airships," said Dr. Dirk Herrmann from the Photovoltaic Materials Research Division.

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Oil Prices Cool As US Energy Production Improves After Katrina
London (AFP) Sep 07, 2005
World oil prices fell further on Wednesday as oil production steadily returned to normal in the United States after Hurricane Katrina.

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