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SOURCE Global Digital Solutions, Inc.
CSI's revolutionary double-acting thermoacoustic driver promises to harness the power of sound waves for a variety of eco-friendly commercial and defense-related air conditioning, heating and refrigeration applications
PALM BEACH, Fla., Oct. 31, 2013 /PRNewswire/ -- Global Digital Solutions, Inc. (GDSI), a company that is positioning itself as a leader in providing cyber arms manufacturing, complementary security and technology solutions and knowledge-based, cyber-related, culturally attuned social consulting in unsettled areas, today announced that, after careful review, it has decided to take the next step toward commercial viability for the patented thermoacoustic technology owned by Cool Sound Industries, Inc. (CSI). GDSI plans to enter into discussions with an international manufacturing corporation to jointly develop a working prototype.
As announced on August 29, 2013, GDSI signed an exclusive letter of intent to acquire CSI, a pioneer in harnessing sound waves to provide sustainable, eco-friendly ways to power heat-pumping systems such as air-conditioners, refrigerators and heating systems. GDSI believes thermoacoustic technology (TA) has the potential for game-changing defense-related and commercial applications. If the acquisition is completed as expected, CSI will continue to operate as a subsidiary of GDSI. The exclusive agreement is subject to the completion of due diligence reviews by both companies and certain other conditions.
"After reviewing the technology carefully, we decided to take the next step toward commercial viability and developing the game-changing potential of CSI's patented thermoacoustic technology," said GDSI's President and CEO Richard J. Sullivan. "We're very excited about entering into discussions with an international manufacturing company in the high-technology space to jointly develop a working prototype. We think TA technologies are poised for strong near and long-term growth because they could eventually supplant most of the current, climate-damaging, high-maintenance, vapor-compression applications. The next step in the process is to develop a working prototype, and we're very encouraged that we'll be able to do that relatively soon."
CSI's patented technology efficiently induces high-amplitude sound waves into a mixture of harmless gases which creates oscillations in pressure, temperature and volume. The oscillations are then harnessed to drive eco-friendly air conditioning, heating and refrigeration systems. The mechanical simplicity of thermoacoustic engines eliminates the need for gears, pistons, valves, timing chains and lubrication, which most conventional compressors are totally dependent upon and they need more frequent maintenance. Thermoacoustic engines may be expected to last two-to-three times longer than most conventional air-conditioning systems and can be designed to run on lower voltages from solar cells, batteries or the standard power grid and can even be designed to convert waste heat into sound waves that can power heat pumping systems.
Here is a checklist of the comparative advantages of TA technology over conventional air-conditioning and refrigeration systems:
About Global Digital Solutions, Inc.
Global Digital Solutions is positioning itself as a leader in providing cyber arms manufacturing, complementary security and technology solutions and knowledge-based, cyber-related, culturally attuned social consulting in unsettled areas. For more information please visit http://www.gdsi.co.
About Cool Sound Industries, Inc.
Cool Sound Industries was established as a commercial platform to bring together the various technical disciplines required to successfully develop residential and commercial air-conditioning and heating applications for thermoacoustic technology. Frank Wighard, the company's founder, has over 35 years of experience in the design, installation and service of environmental control equipment (air-conditioning systems). In the late 1990s, Mr. Wighard recognized the potential benefits thermoacoustic technology could provide to the field of air-conditioning and financed the initial feasibility study to start his investigation by collaborating with the leading researchers in 1996. After analyzing the results of the feasibility study, he filed the initial patent for his double-acting driver and system configurations which improved the efficiency and heat transfer process to make them more suitable for air-conditioning applications. He has since proposed numerous improvements to his basic design. His early involvement and consulting activities have resulted in valuable business relationships that will benefit the launch and future success of the company. Visit http://www.coolsound.us
Forward Looking Statements
This press release contains "forward looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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 Registration Statement on Form 10/A filed on October 7, 2013, and in our other filings with the U.S. Securities and Exchange Commission.
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