Message #45 From:
NewsBot Date: March 6, 2008 10:49:45 PM
SpaceDev to Develop New Deployable Reflectors Technology for AFRL
Contract Award Enhances SpaceDev Satellite Program
SpaceDev, Inc. (OTCBB: SPDV) announced today that
it was awarded a design and development subcontract from the Air Force
Research Laboratory (AFRL) Space Vehicles Directorate, for development of
cost effective deployable reflectors for satellites. The award is a Phase 1
Small Business Innovation Research contract which will extend SpaceDev's
deployable structures capabilities. The contract period of performance is
approximately eight months, during which SpaceDev expects to demonstrate
the feasibility of a new class of deployable reflectors system.
"This technology takes advantage of recent innovations in spacecraft
mechanical deployment systems to form large, stable reflectors for a
variety of instruments and antennae," said Mark N. Sirangelo, SpaceDev's
Chairman and CEO. "This system enables the deployment of large aperture
reflectors from low cost launch vehicles through the integration innovative
reflectors and deployable structures technologies. We are proud to
continue the development of this innovative technology that we believe will
help transform how large aperture systems are deployed."
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, uncertainties and
assumptions 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 and uncertainties associated with the Company's ability to
effectively manage schedule changes or cancellation of customer orders,
control costs and expenses, and obtain additional financing, if needed.
Reference is also made to other factors described in the Company's periodic
reports filed with the SEC, including the Company's most current Annual
Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-QSB.
These forward-looking statements speak only as of the date of this release.
SpaceDev does not intend to update these forward-looking statements.
SpaceDev Investor Relations
Investor Contact:
Richard Slansky/Jessica Schwarz
Media Contact:
Mark Sirangelo
(858) 375-2026
