SpaceDev (OTCBB: SPDV) has received the finalized propulsion
contract for SpaceShipOne. The SpaceDev propulsion system consists of
propriety SpaceDev rocket motor components, which are reused on each
flight, and SpaceDev propellant that is refueled for each flight.
“Instead of ‘Intel® Inside’ it is ‘SpaceDev Inside,’ ” said Jim
Benson, SpaceDev founding chairman and chief executive. “During the
initial test flights for SpaceShipOne, we expect to be powering people
toward space, and within a few months, hope to be participating in an
effort to power people to sub-orbital space. As a result, it is
possible that SpaceDev will provide the system that powers the next
human space flight in the United States. This is especially important
to SpaceDev with the Shuttle grounded, and the need for safe,
affordable alternatives for human space flight. SpaceDev is proud to
be a significant part of this revolutionary movement of human space
flight out of the government and into the private sector where things
can be done faster and more cost-effectively and where new markets can
be created and supplied.”
About SpaceDev
SpaceDev (OTCBB: SPDV) creates and sells affordable and innovative
space products and solutions to government and commercial enterprises.
For more information, visit www.spacedev.com.
This news release may contain forward-looking statements
concerning the Company’s business and future prospects and other
similar statements that do not concern matters of historical fact.
Forward-looking statements relating to product development, business
prospects and development of a commercial market for technological
advances are based on the Company’s current expectations. The
Company’s current expectations are subject to all of the uncertainties
and risks customarily associated with developing business ventures
including, but not limited to, risks associated with new product
development and availability of raw resources and suppliers, risks to
marketed products and availability of financing and other sources of
income, as well as risks discussed in the Company’s periodic reports
filed with the U.S. Securities & Exchange Commission. The Company’s
actual results may differ materially from current expectations.
Readers are cautioned not to put undue reliance on forward-looking
statements contained in this release and to read it in conjunction
with the Company’s annual report on Form 10-KSB, including the
consolidated financial statements filed therewith. The Company
disclaims any intent or obligation to update publicly these
forward-looking statements, whether as a result of new information,
future events or for any other reason.
