This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

StratoComm Corporation Reporting 2012

ALBANY, N.Y., Dec. 31, 2012 (GLOBE NEWSWIRE) -- StratoComm Corporation (OTC:STCO) provides company status and results  of  operations for 2012.

StratoComm has progressed throughout 2012 in spite of the company's challenges and setbacks. As stated in an April 2012 press release the company has elected to limit release of information publicly as it redirects its management moves to steer the company to a successful stepping off point

The information provided herein is an overview of that progress.

Helium Replenishment Development
  • Under StratoComm's Collaborative Agreement with Cortland which began in the fourth quarter of 2011, a variety of tether designs were developed as a portion of StratoComm's helium replenishment patent. These tethers were produced and subsequently tested for critical design parameters such as  crush resistance and break strength.
  • Several production processes were considered and tested to assure a cost efficient product and consistent product quality.
  • In early 2012, for a period of weeks, a series of field tests were undertaken to evaluate the tether's performance under load along with its capacity to support efficient helium flow.
  • In March StratoComm contracted with the U.S. Army Research, Development and Engineering Command (ARMDEC) to schedule final independent testing of its patented tether. This testing took place at the U.S. Army's Russell Tower testing facility located at Redstone Arsenal, Alabama. Armed with the results of the development and field test results, StratoComm worked closely with independent experts to establish testing protocol and minimum performance specifications to establish the capabilities of its patented helium replenishment system.
  • StratoComm ensured that all data recording and data analysis was performed independent of its control or influence and in May a comprehensive fifty-five page report was delivered to StratoComm, produced by an independent outside firm. This independent report irrefutably confirmed StratoComm's patented tether capable of substantially exceeding the minimum performance specifications as defined prior to the Russell Tower testing and required for StratoComm LTA Systems.
  • The tether tested was confirmed to be capable of supporting a helium flow rate 8-9 times greater than StratoComm's minimum requirements and further confirmed a capability to replenish helium to an altitude fully seven times StratoComm's minimum requirement. These demonstrated and documented performance capabilities may open additional potential markets and market segments for StratoComm's helium replenishment system.
  • In June, having received independent confirmation of its helium replenishment  tether's capabilities StratoComm undertook to finalize development of all ancillary equipment and software into a concise Handling System Kit to ensure Helium Replenishment is a complete system ready for commercialization.
  • Having tested much of the Handling System Kit's equipment and software in support of the Russell Tower testing in March final development was easily concluded in July. As required under the Collaborative Agreement Cortland  and StratoComm both acknowledged full performance  by the other thereby successfully concluding the terms of their Collaborative Agreement.  The next scheduled event is the final negotiation of terms for StratoComm's conveyance of manufacturing rights to Cortland. Formal announcement of the outcome of negotiations will be provided at the appropriate point.

Ongoing IP Development
  • In December of 2011 the U.S. Patent Office issued a separate patent to StratoComm relating to the Slip Ring component of its Helium Replenishment patent issued in May of 2010. This is now a key component of the Handling System Kit.
  • StratoComm then identified and qualified several companies capable of designing and producing its newly  patented slip ring. Following final selection of one supplier, the Slip Ring was designed, built and tested before it was added to the Kit.
  • In October the U.S. Patent Office issued StratoComm a patent for its Boundary Layer Propulsion design which is a break through propulsion system relating to StratoComm's continuing Stratospheric System development.

  • Shareholders should be aware that StratoComm continues to post its quarterly financials on its website at .
  • A new website is under construction and is targeted for formal launch during the first or second quarter of 2013.
  • There is nothing new to report relative to the SEC complaint   nothing further is anticipated to be known until well into 2013.
  • In the more near term the company is hopeful to be able to address the important matters relating to StratoComm's ability to report activity directly through the Pink Sheets site and the lifting of restrictive legends on shareholder certificates. Further information relative to these important issues will be addressed separately when this information is available.

As we progress into the first quarter of 2013 management continues to be optimistic that it may be able to provide more frequent public reporting of company status and in considerably more detail. Decisions on this point will continue to be made within the context of shareholders best interest.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,791.81 -21.58 -0.12%
S&P 500 2,088.89 +0.02 0.00%
NASDAQ 5,122.7270 +6.5840 0.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs