PALM BEACH, FL -- (Marketwired) -- 08/19/13 -- 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."
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