Global Digital Solutions, Inc. (OTC Pink: GDSI), a company that is
positioning itself as a leader in providing small arms
manufacturing, knowledge-based and culturally attuned social
consulting combined with complementary security and
technology-related solutions in unsettled areas, announced today
that it has signed an exclusive letter of intent to acquire Cool
Sound Industries, Inc. (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.
The companies have agreed, on an exclusive basis, to enter into
good faith discussions involving a potential strategic combination
in which CSI would be acquired by GDSI. 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.
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.
"We think this could be a real game-changer," said GDSI's
President and CEO Richard J. Sullivan. "TA technology could change
the rules of engagement, so to speak, in a variety of commercial
and defense-related applications. For example, we envision many TA
heating and cooling applications in connection with military
vehicles, submarines and facilities. In the not-too-distant future,
140 nations that are signatories to the Montreal Protocols will be
scrambling to find a way to bring their air-conditioning equipment
into compliance with the new regulations, which forbid the
world-wide manufacture or use of any ozone destroying or planet
warming refrigerants. After examining the potential of a range of
innovative technologies that fit into our global growth strategy,
we think TA technologies are poised for especially strong near and
long-term growth. In fact, we have concluded that thermoacoustics
could be the next technology wave, eventually supplanting most of
the current, climate-damaging, high-maintenance, vapor-compression
applications in much the same way that transistors made vacuum
tubes obsolete. Cost-efficient, climate-friendly heating and
cooling technology is a top priority in both the defense and
commercial arenas in the U.S. and around the world. Put simply, the
goal of the GDSI-CSI combination is to ride the sound wave to a
Freon-free future, leading the way in the development and
widespread adoption of thermoacoustics."
Richard Sullivan has a proven track record of success as a
pioneering advanced technology entrepreneur. In 2001, Sullivan
received the prestigious World Economic Forums Award for Advanced
Chip Technology presented in Davos, Switzerland. He served as
Chairman and CEO of Applied Digital Solutions, where he executed a
technology rollup involving 42 acquisitions that succeeded in
increasing the company's share price from $2.50 to a peak of $18
per share. During Sullivan's decade-long tenure as Chairman and
CEO, Applied Digital was one of the highest volume traded stocks on
NASDAQ. Sullivan also served as Chairman and CEO of Digital Angel
Corporation and led the effort to spin off VeriChip Corporation. In
1970, he was a founding member of the management team of
Manufacturing Data Systems, Inc., which listed at $7.50 per share
and was sold to Schlumberger N.V. in 1980 at $65 per share.
CSI founder Frank Wighard, who holds a patent for a
revolutionary double-acting thermoacoustic driver -- which requires
no lubrication and generates twice the power density of competing
drivers -- also commented on the planned partnership with GDSI:
"I'm very excited about partnering with GDSI and particularly with
Dick Sullivan. Dick and I have agreed to work very closely together
on this very exciting project."
Here is a checklist of the comparative advantages of TA
technology over conventional air-conditioning and refrigeration
systems:
- No ozone depletion
- No greenhouse effects
- High energy efficiency using the existing power grid
- Compatible with solar power applications
- Low initial equipment costs
- No maintenance costs
- Very long operating life cycle
For a detailed, third-party account of the history and potential
of thermoacoustics, read this American Scientist article, The Power
of Sound.
Watch this You-Tube video for a basic, easy-to-follow
demonstration of thermoacoustic technology being used to power a
refrigerator. Although this video does not show Cool Sound's
advanced technology in action, the demonstration is still useful
for understanding the principles behind thermoacoustics.
Toward a Freon-Free Future: Background on the
1987 Montreal Protocol on Substances that Deplete the Ozone Layer
and North American Proposals in April 2013 The original
Montreal Protocol, signed in 1987, was the first step in
international efforts to protect stratospheric ozone. Since that
time, the Montreal Protocol has been repeatedly strengthened by
both controlling additional ozone-depleting substances (ODS) as
well as by moving up the date by which already controlled
substances must be phased out.
The section below is excerpted from the U.S. Environmental
Protection Agency's website. For more information about the 1987
Montreal Protocol and the amendments and adjustments made since
1987, visit http://www.epa.gov/ozone/intpol/history.html
In April 2013, the United States, Canada, and Mexico together
submitted a proposal to phase-down consumption and production of
hydrofluorocarbons (HFCs) under the Montreal Protocol on Substances
that Deplete the Ozone Layer. HFCs are intentionally made
fluorinated greenhouse gases used as replacements for
ozone-depleting substances. HFCs are used in the same applications
where ozone-depleting substances have been used: refrigeration and
air-conditioning equipment in homes, other buildings and industrial
operations. Smaller amounts are used in foam products, aerosols,
fire protection systems and solvents.
Like the ozone-depleting substances they replace, most HFCs are
potent greenhouse gases. For example, the most commonly used HFC,
HFC-134a, is 1,430 times more damaging to the climate system than
carbon dioxide. Though they represent a small fraction of the
current total greenhouse gases, their warming impact is very
strong, and their emissions are projected to increase nearly
twentyfold in the coming decades.
If HFC growth continues on the current trajectory, the increase
in HFC emissions is projected to offset much of the climate benefit
achieved by phasing out ozone-depleting substances. HFCs are
rapidly increasing in the atmosphere mostly due to increased demand
for refrigeration and air conditioning, particularly in developing
countries, and because they are the primary substitution for
ozone-depleting substances.
Read this informative report commemorating 25 years of progress
under the Montreal Protocol.
Here is a one-page fact sheet from the U.S. Environmental
Protection Agency (EPA) about the Montreal Protocol.
Here is some additional information about the Montreal Protocol
and the U.S. Environmental Protection Agency's Efforts to reduce
ozone chemicals.
About Global Digital Solutions, Inc.
Global Digital Solutions is refocusing its business strategy on
providing small arms manufacturing, knowledge-based and culturally
attuned social consulting combined with complementary security and
technology-related solutions 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. 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. 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 filed on August 9, 2013, and in
our other filings with the U.S. Securities and Exchange
Commission.
Contact: W.J. Delgado 916-838-8833 info@gdsi.co Richard J.
Sullivan 561-515-6163 info@gdsi.co
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