Houston, Texas, December 10, 2007 – SPACEHAB, Incorporated (NASDAQ: SPAB), a leading provider of commercial space services, today announced the release of a dedicated website for its Advanced Research and Conventional Technology Utilization Spacecraft (ARCTUS) Program at www.arctus-spacecraft.com.
As previously announced, the Company is on track to meeting its strategic goal of developing a commercial transportation system capable of ferrying cargo between Earth and Low Earth Orbit. Significant program milestone achievements thus far include the successful completion of a Program Management Plan, the Systems Requirements Review, a Vehicle Concept Review, and the fabrication of a full-scale internal and external mockup.
The website provides detailed technical resources to SPACEHAB partners, investors, and potential customers describing the spacecraft, system architecture and key supplier roles and contributions. Additionally, visitors can access a comprehensive archive of press releases, photos and graphics, as well as ARCTUS literature and contact information.
The ARCTUS Program will support NASA’s requirement to fill the International Space Station (ISS) cargo supply gap between the space shuttle’s planned 2010 retirement and its replacement Constellation program scheduled to be operational in 2015. ARCTUS will also provide SPACEHAB with an additional means of space access in support of the Company’s previously announced SPACEHAB Microgravity Sciences initiatives, many of which are destined for production and processing on the ISS.
About SPACEHAB, Incorporated
SPACEHAB is a commercial leader and entrepreneurial force in the space industry providing a full spectrum of products and services to both the government and private sectors. The Company offers space access and payload integration services, production of valuable commercial products in space, spacecraft pre-launch processing facilities and services, development and extension of space-based products to the consumer market, and program and engineering support ranging from development and manufacturing of flight hardware to large scale government project management.
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, contact:
Eva-Marie deCardenas
Corporate Marketing and Communications
SPACEHAB, Inc.
713.558.5071
edecardenas@spacehab.com
