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Global Digital Solutions, Inc. focuses on providing security and technology solutions, with a specialization in the development of a Pilot Assisted Landing System. This system optimizes landing trajectories to enhance safety against weather-related hazards like wind shear, wake turbulence, icing, low ceilings, and fog. Headquartered in West Palm Beach, Florida, the company is positioning itself as a leader in Electric Vehicle (EV) Technology Solutions. GDSI recently received an increased initial award of $195,248,000, bringing the total judgment to $255,972,8080. The company's strategy includes appointing a new collections coordinator and engaging outside resources for collections. Despite challenges in filing requirements, GDSI is taking steps to regain compliance with OTC standards. The company plans to leverage its experience in mobile command centers to expand into the EV and Automotive AI sector, offering support through parts, service, logistics, and software development.
Global Digital Solutions, Inc. (OTC: GDSI) announced a significant increase in a legal judgment, now totaling
Global Digital Solutions, Inc. (OTC: GDSI) announced that the Eleventh Circuit Court of Appeals affirmed a lower court ruling, awarding damages exceeding
Global Digital Solutions, Inc. (OTC: GDSI) has reported updates on its Rontan Judgment collection, now approximating $200 million with legal fees and accrued interest. After Rontan Metallurgica and the Bolzan's filed an appellate brief in October 2021, GDSI remains confident in the Federal District court's ruling.
Collection efforts are ongoing with identified assets exceeding the judgment amount. GDSI plans to use proceeds for acquisitions in the EV marketplace, focusing on cash flow-positive assets.
Global Digital Solutions, Inc. (OTC: GDSI) provides updates on the Rontan Judgment and its Aviation Services Group. As of October 15, 2021, Rontan Metallurgica and the Bolzans have filed an appellate brief, and GDSI is preparing its response. The judgment of approximately $195M remains collectible. In aviation, GDSI is advancing its Precision Approach Landing System (PALS) and Vertical Stacking Air Traffic Management systems, seeking partnerships with established airlines to enhance safety in air traffic management.
Global Digital Solutions Inc. (OTC: GDSI) announced it has been awarded $2,086,233 in legal fees by the Federal District Court, increasing total damages to approximately $194 million, excluding accruing interest of $53,000 per day. The company engaged Brazilian legal firm Mattos Filoh to assist in finalizing the judgment. CEO William Delgado expressed optimism about leveraging additional legal expertise to conclude its project effectively. GDSI aims to enhance shareholder value through acquisitions and partnerships in Automotive and Aviation Technology Solutions.
Global Digital Solutions Inc. (GDSI) has partnered with JDA Aviation Technology Solutions to evaluate its patent-pending Vertical Stacking Air Traffic (VSAT) Management System. This innovative system aims to enhance air traffic management and operational efficiency at airports, enabling independent descent management for aircraft while reducing fuel consumption and noise. The assessment will involve input from key industry stakeholders, including the FAA. GDSI's CEO emphasized VSAT's potential to transform aviation while JDA brings extensive expertise for the project's multi-phase evaluation.
Global Digital Solutions, Inc. (OTC: GDSI) has announced updates regarding the Rontan judgment process, including a rescheduled court-ordered mediation date from June 3 to June 11, 2021. The company is pursuing a $195 million damages award, which accrues interest at approximately $53,000 per day. GDSI is also evaluating alternative uses for its manufacturing facility in Sao Paulo, focusing on EV manufacturing and technology. The company aims to establish itself as a leader in Automotive and Aviation Technology Solutions.
Global Digital Solutions Inc. (GDSI) announced a collaboration with the Maryland Advanced Development Laboratory (MADL) to support its subsidiary PALS in executing a five-step flight test plan involving engineering, integration, flight tests, data gathering, and analysis. FAA Designated Engineering Representatives will oversee the project, with engineering analysis already approved. GDSI's Chairman and CEO expressed excitement about the partnership, highlighting MADL's experience in avionics. This collaboration aims to enhance GDSI's capabilities in aviation technology.
Global Digital Solutions, Inc. (OTC: GDSI) announced a corporate update regarding its $195M damages collection efforts, engaging a top security firm and its Brazilian counsel to assist. The company is evaluating the best use of automotive assets in Brazil, focusing on electric vehicle parts and manufacturing. Final flight testing for the PALS system is scheduled for mid-May, with plans to explore advanced aviation technology. Rontan, involved in the lawsuit, intends to appeal certain judgment segments, although GDSI remains confident in the outcomes.
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