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:
- 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
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.
SOURCE Global Digital Solutions, Inc.