ALBANY, N.Y., July 26, 2011 (GLOBE NEWSWIRE) -- StratoComm Corporation (STCO) and Cortland Company today announce execution of a Cooperative Research and Development Agreement that capitalizes on StratoComm's U.S. Patent # 7,708,222 issued in May of 2010.
"In selecting Cortland as its preferred collaborator for this critically important effort, StratoComm evaluated the capabilities and reliability of every meaningful tether manufacturer worldwide. Our selection process revealed Cortland to be the preeminent tether designer and manufacturer and the clear choice to support this effort," said Roger D. Shearer, StratoComm Corporation, CEO.
Thousands of tethered aerostat systems are deployed worldwide that support the security, surveillance and telecommunications needs of a broad distribution of military, governmental and private entities. Additional potential applications include mining operation fleet management and data transmission supportive to deep-sea oil field operations. Of these thousands of operating tethered systems virtually all must be taken down from operating status periodically (most often at least weekly) to top-off or otherwise cleanse the helium that provides buoyancy to the system. An aerostat that is capable of continuously replenishing and regulating its internal helium pressure, significantly extends service availability and the operational life of the system.
When tethered aerostat systems used in military theatre operations need to be taken from operation to top-off or otherwise cleanse the helium both personnel and physical assets are placed at risk. The time required to retrieve and re-deploy each system creates a period during which U.S. military personnel do not have the benefit of information flow supportive to their mission and in fact places them in further potential harm.
"Cortland's collaboration with StratoComm is a strategic component in its continuing efforts to remain at the forefront of aerostat tether technology. StratoComm's helium replenishment IP aligns with Cortland's vision of providing technical solutions which allow our customers to maximize performance" said Luis Padilla, Regional VP of Sales and Engineering for Cortland.
StratoComm's core business is delivery of telecommunications services to developing countries and under served areas throughout the U.S. Reliable availability of telecommunications services is critical to consumer needs and so directly impacts StratoComm's ability to sell its revolutionary telecommunications infrastructure technology. This reality was the genesis for StratoComm's helium replenishment design patent.
StratoComm and Cortland have entered agreement under which Cortland will apply its extensive knowledge, experience and know how to design and manufacture an aerostat tether inclusive of StratoComm's patent. Under the agreement's terms Cortland's focus is tether design, testing and production and StratoComm is responsible for the handling system design, pricing and production.
"Success with StratoComm's collaboration with Cortland creates the mechanism through which Cortland will hold exclusive manufacturing and sales rights to the revolutionary tether in exchange for which StratoComm will receive agreed revenues." stated StratoComm CEO Roger Shearer. "Its successful outcome also holds significant promise in telecommunications, defense and homeland security among a host of additional applications."
About StratoComm Corporation
StratoComm Corporation is a developer and provider of telecommunications infrastructure technologies with a specific focus to the delivery of ubiquitous and cost sensitive communication services to the developing world. The company is further committed to the allocation of a portion of each system's service capacity for the provision of low cost/no cost social and economic outreach programs.
About Cortland Company
Cortland provides worldwide experience in creating cables, lightweight rope, slings, and umbilicals to the oil and gas, heavy marine, subsea, ROV, seismic, aerostat, defense, and medical markets. Cortland is part of Actuant Corporation (NYSE: ATU), a diversified industrial company with operations in more than 30 countries. For more information, go to www.cortlandcompany.com.
Safe Harbor Disclosure – This Press Release contains or incorporates by reference " Forward-looking statements," including certain information with respect to plans and strategies of StratoComm Corporation. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including StratoComm Corporation beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to StratoComm Corporation as of such date. There are a number of important factors that could cause actual events or actual results of StratoComm Corporation and its subsidiaries to differ materially from those indicated by such forward looking statements.
Roger D. Shearer, CEO
518-608-8940 ext. 15
web site: www.stratocomm.net
web site: www.cortlandcompany.com
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