Message #42 From:
NewsBot Date: February 26, 2008 05:16:57 PM
SpaceDev Selected To Manufacture Gear Boxes for NASA
Twelfth Mars Mission for SpaceDev
SpaceDev, Inc. (OTCBB: SPDV stock message baords forums) announced today that
it was awarded a subcontract in support of the Mars Science Laboratory
(MSL), a key part of NASA's Mars Exploration Program. MSL is scheduled for
launch to Mars in late 2009 to determine if Mars maintains an environment
able to sustain microbial life.
The subcontract is for the design, development and delivery of various
SpaceDev gearbox subsystems used on the rover's sample acquisition system,
which will be used to acquire, process, and deliver soil samples from the
Martian surface. This is SpaceDev's second program it is supporting on
MSL. Last year, SpaceDev was awarded a subcontract for the design,
development and delivery of the MSL descent brake system.
"We are excited to engage with JPL on this important program. We provided
the gearboxes on the Spirit and Opportunity rovers that have been exploring
the Martian surface for nearly four years. This program will build on the
experience from that highly successful program," said Mark N. Sirangelo,
SpaceDev's Chairman and CEO. "Being part of these historic missions is a
privilege. Our team is ready to design and deliver this hardware and looks
forward to working with JPL on another Mars Exploration program."
About SpaceDev
SpaceDev, Inc. is a space technology/aerospace company that creates and
sells affordable and innovative space products and mission solutions. For
more information, visit www.spacedev.com.
Except for factual statements made herein, this news release consists of
forward-looking statements that involve risks that are difficult to
predict. Words such as "believe," "intends," "expects," "plans,"
"anticipates" and variations thereof, identify forward-looking statements,
although their absence does not mean that a statement is not forward
looking. Forward-looking statements are based on the Company's current
expectations, and are not guarantees of performance. The Company's actual
results could differ materially from its current expectations. Factors that
could contribute to such differences include risks associated with the
Company's ability to effectively manage customer orders, control costs, and
obtain additional financing. Reference is also made to other factors
described in the Company's periodic reports filed with the SEC. These
forward-looking statements speak only as of the date of this release.
SpaceDev does not intend to update these forward-looking statements.
