Blueprint
Global Digital Solutions Inc. to Acquire HarmAlarm: System Seeks
to Offer the Aviation Industry Enhanced Automatic Safety Features
for Pilots
West Palm Beach, FL, October 17, 2018-- Global Digital
Solutions, Inc. (OTC:GDSI),
a company that is positioning itself as a leader in comprehensive
security and technology solutions, has announced it has initiated a
Letter of Intent to acquire all of the common stock of HarmAlarm, a
company specializing in patented Aviation Technology.
The
companies have agreed on a strategic plan in which HarmAlarm would
be acquired by GDSI to license the patent protected Precision
Approach Landing System (PALS) to the general aviation industry
encompassing major Aircraft manufactures globally. Upon completion
of the acquisition, GDSI will form a new subsidiary, GDSI Aviation
Services, led by Gary Ball.
William
J. Delgado, GDSI’s CEO, commented “HarmAlarm, and
specifically Gary Ball, have been major innovators of aviation
technology for the past twenty years. This technology is
groundbreaking as the Aviation Industry transitions to the
21st
century. I am excited to work with the HA team in deploying this
technology”.
Gary
Ball, the inventor of PALS, added “The patent protected PALS
system reduces the workload of the pilot and provides automation to
the flight deck and has the potential to accomplish exactly what
mandates requested by both the National Transportation Safety Board
and the FAA”.
About Global Digital Solutions, Inc.
Global
Digital Solutions, Inc. (OTC:GDSI),
a company that is positioning itself as a leader in comprehensive
security and technology solutions, continues to enhance shareholder
value in these areas. In addition to our acquisition strategy, the
Company has initiated a lawsuit for damages against Grupo Rontan
Metalurgica, S. A, (“Rontan”) and that company’s
controlling shareholders, Joao Alberto Bolzan and Jose Carlos
Bolzan. The Company has engaged the law firm of Boies Schiller
Flexner LLP to represent it in this action. The case will be
handled by William Isaacson of the firm’s Washington office
and Carlos Sires of the firm’s Fort Lauderdale office (Their
professional profiles are available at https://bsfllp.com/lawyers.).
The action has been filed in the United States District Court for
the Southern District of Florida. The complaint alleges that
“Rontan is wholly-owned by Joao Bolzan and Jose Bolzan. It is
one of the world’s largest manufacturers of original
equipment for specialty vehicles for emergency management, first
responders, national security, and law enforcement operations. The
company also acquired NACSV, a supplier of Mobile Command Centers
to Military, Law Enforcement, and First Responders. For more information about GDSI, visit
http://www.gdsi.co.
About Harm Alarm and Gary Ball
Gary
Ball received his formal education from California State University
at Long Beach, a BSEE and an MSEE. Mr. Ball’s long career in
Aerospace has included design engineering, line management and
senior business development positions at Ford Aeronutronic,
Northrop and Hughes Aircraft. At HAC, Mr. Ball took the program
lead on the acquisition of The Thermal Imaging Navigation Set
(TINS) for the USN F-18. Upon award of the contract, Mr. Ball was
asked to investigate the potential commercial applications of TINS.
This effort was designated CLAS, standing for Commercial Landing
Aid System that eventually evolved into Enhanced Vision System.
Gulfstream received a Type Certification from the FAA in 2000 for
this system. EVS was acquired by GAC under a previous License
Agreement from Infrared Systems International (ISI), the
manufacturer for many years. Gary Ball remained CEO of ISI until it
was sold.
Mr.
Ball formed HarmAlarm in 2002 as a private Texas company to pursue
Infrared commercial applications as a restricted “dual
use” of Infrared technology, a US Government restricted
technology. HarmAlarm’s efforts included medical applications
(exports to Taiwan), Physical Security applications, “Green
Initiatives” as well as aviation. This last effort was the
genesis of PALS. Mr. Ball’s long history on EVS provided the
insight into PALS. PALS will satisfy the present need for an
affordable, robust, precision low visibility landing aid for
general aviation. The precision and robustness of PALS has
generated a host of new applications mainly through “landing
trajectory” optimization which provides additional safety
margin against weather related hazardous conditions, like wind
shear, wake turbulence, icing, as well as low ceilings and
fog.
Forward Looking Statements
This
press release contains “forward-looking statements.”
The statements contained in this press release that are not purely
historical are forward-looking statements. Forward-looking
statements give the Company’s current expectations or
forecasts of future events. Such statements are subject to risks
and uncertainties that are often difficult to predict and beyond
the Company’s control and could cause the Company’s
results to differ materially from those described. In some cases
forward-looking statements can be identified by terminology such as
“may,” “should,” “potential,”
“continue,” “expects,”
“anticipates,” “intends,”
“plans,” “believes,”
“estimates,” and similar expressions. These statements
include statements regarding moving forward with executing the
Company’s global growth strategy. The statements are based
upon current beliefs, expectations and assumptions and are subject
to a number of risks and uncertainties, many of which are difficult
to predict. The Company is providing this information as of the
date of this press release and does not undertake any obligation to
update any forward looking statements contained in this press
release as a result of new information, future events or otherwise,
except as required by law. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends affecting the
financial condition of our business. Forward-looking statements
should not be read as a guarantee of future performance or results
and will not necessarily be accurate indications of the times at,
or by, which such performance or results will be achieved.
Important factors that could cause such differences include
but are not limited to the Risk Factors and other information set
forth in the Company’s Annual Report on Form 10-K filed on
March 30, 2015, and in our other filings with the U.S. Securities
and Exchange Commission.
Contact:
William
Delgado
561-515-6198
info@gdsi.co
