FuelCellStocks.Com
Investing in Fuel Cells and the Hydrogen Economy

Fuel Cell News

September 6, 2005

GlobeTel Announces Letter of Intent with Solar, Battery, Fuel Cell Research Consortium

Source: Business Wire

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 6, 2005--GlobeTel Communications Corp. (AMEX: GTE) today announced that its subsidiary, Sanswire Networks LLC (Sanswire), has signed a Letter of Intent (LOI) with the Center for Solar Energy and Hydrogen Research Baden-Wuerttemberg (ZSW). The LOI states that ZSW will provide research and development engineering support under a Cooperative Research and Development Agreement for the development of a state-of-the-art solar-electric propulsion system for Sanswire's Stratellite airship.

"ZSW is the result of an extremely progressive and well-funded effort by the German government to enable widespread use of renewable energy technologies," said Bob Jones, President of Sanswire. "Their extensive research and development capability in the areas of solar, advanced batteries, and fuel cells are at the forefront of this technology and this agreement will greatly enhance our program."

Timothy Huff, Chief Executive Officer of GlobeTel, stated: "We are very pleased and excited that we are attracting such high-caliber, world-renowned experts with this technology. This will contribute to the rapid advancement of our Stratellite program. This strategic move, in bringing the expert of experts to our team, gives us an added edge over our competitors. Our ability to work with such innovative thinkers with a proven track record adds significant expertise to the development of the Sanswire 2 technology demonstrator." Sanswire's Senior Electric Propulsion Systems engineer, Jonathan Barraclough, will be working with ZSW to successfully leverage their expertise to help insure the success of the Stratellite.

"ZSW, with its long-ranging experience in thin-film solar cell and energy-storage technology, is very pleased to cooperate with Sanswire in the development of the energy system for high-altitude airships," said Dr. Dirk Herrmann from the Photovoltaic Materials Research Division.

About the Center for Solar Energy and Hydrogen Research Baden-Wuerttemberg:

ZSW was established in 1988 by the German state of Baden-Wurttemberg as a non-profit foundation, supporting research institutions and commercial firms. The focus of its research and development is currently on photovoltaic materials, batteries and fuel cells. Today, ZSW has approximately 120 employees and is one of the leading research institutes in its field. The goal of the foundation is to conduct and promote research and development in the field of solar energy and hydrogen technology in cooperation with academic and non-academic research and by transferring the results into industrial application.

About the Stratellite:

A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of 10 to 13 miles above the Earth, each Stratellite will have clear line-of-sight communications capability to an entire major metropolitan area as well as being able to provide coverage across major rural areas. Several Stratellites linked together could cover many hundreds of thousands of square miles. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.

About GlobeTel Communications Corp

GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in Stored Value debit cards, as a certified MasterCard processor; the sale of carrier-grade VOIP of long distance to major long-distance re-sellers, VOIP technology, wireless radio technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.

Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.

For more information, please go to http://www.sanswire.com or http://www.globetel.net.

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the Airship, there is no guarantee that it will achieve any or all of its objectives. Any reference within this release that refers, or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language.