Renowned Commercial Aerospace Company Opening Doors to Space Commerce

SPACEHAB, Incorporated a leading provider of commercial space services, announced today that Michael E. Kearney, President and Chief Executive Officer, will be a key presenter at the 17th annual Wall Street Analyst Forum in New York City on Thursday, March 2, 2006 at 9:00am Eastern Time.

To be held at the Princeton Club, Mr. Kearney will provide a 40-minute overview of SPACEHAB, one of the only ‘pure plays’ in space, and share the Company’s vision, growth strategy and near-term business opportunities. Analysts and portfolio managers are invited to meet with Mr. Kearney; Brian K. Harrington, SPACEHAB Chief Financial Officer; and Kimberly Campbell, Vice President Corporate Marketing and Communications, as well as other leading members of the Aerospace and Defense sector. A formal presentation will be followed by a breakout session and one-on-one meetings.

“As the pioneer of commercial space access initiatives, we are excited about sharing our vision and plans for developing a viable and sustainable space commerce market with the members of this forum,” said Kearney. “We are one of the only commercial space companies in operation and we stand alone in our proven ability to support the human space market. The Wall Street Analyst Forum is an exceptional opportunity for portfolio managers and analysts to discover what SPACEHAB is all about.”

Interested parties that would like to follow SPACEHAB’s meeting can attend via webcast for thirty days following the event by accessing this link: http://www.investorcalendar.com/CEPage.asp?ID=100064. Since 1988 The Wall Street Analyst Forum has organized 75 major analyst conferences for NYSE, NASDAQ and AMEX companies with over 2,500 public corporations presenting during this time. The event is being held from February 27 – March 2, 2006.

About SPACEHAB, Incorporated

SPACEHAB, Incorporated (www.spacehab.com) is a leading provider of commercial and government space services with three primary business units. The Flight Services business unit develops, owns, and operates habitat and laboratory modules and cargo carriers aboard NASA’s Space Shuttles for Space Station resupply and research purposes. SPACEHAB’s Astrotech subsidiary provides payload processing support services for both commercial and government customers at company-owned facilities in Florida and California. The Company’s Government Services business unit supports NASA’s Johnson Space Center providing configuration management, product engineering, and support services for both the Space Station and Space Shuttle programs. Additionally, through The Space Store, Space Media provides space merchandise to the public and space enthusiasts worldwide (www.thespacestore.com).

The statements in this document may contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, continued government support and funding for key space programs, product performance and market acceptance of products and services, as well as other risk factors and business considerations described in the company’s Securities & Exchange Commission filings including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. The Company assumes no obligation to update these forward-looking statements.

FOR MORE INFORMATION:

Kimberly Campbell
Vice President
Corporate Marketing and Communications
SPACEHAB, Inc.
713.558.5049
campbell@spacehab.com