Message #46 From:
NewsBot Date: March 11, 2008 07:27:06 AM
SpaceDev Satellite Chosen for ORS Inaugural Jumpstart Mission
Company's Spacecraft to Be Readied for 2008 Launch
SpaceDev, Inc. (OTCBB: SPDV) announced today that
it has been selected to provide the first commercial satellite to be
readied for the Department of Defense Operationally Responsive Space
Office's (ORS) new Jumpstart Mission. Jumpstart is a multi-pronged effort
that will fly a responsive payload on the SpaceX Falcon 1 Flight 003
mission, currently scheduled for a June 2008 launch from Kwajalein Atoll in
the Marshall Islands.
Colonel Kevin McLaughlin, Director of the ORS Office, stated, "The
Jumpstart mission is an exciting and important milestone for the ORS
Office. It brings together a diverse government and industry team to
demonstrate numerous ORS enablers needed to bring space power to our
deployed forces. The SpaceDev satellite bus is expected to be a key
contributor in the responsive satellite arena and we are pleased to be
their teammate on this important mission."
The Jumpstart mission will achieve multiple objectives for the newly formed
ORS Office. First, it will demonstrate agility and flexibility in the
rapid integration of payloads. The Jumpstart mission will also demonstrate
several ORS enablers and establish a framework for responsive processes.
These enablers include a demonstration of the following: rapid call up of
a mission to launch; rapid development, integration and checkout of
spacecraft; a concept of operations that allows flexibility late in the
payload processing flow to determine which mission will fly; efficiencies
in processes and procedures to reduce payload integration timelines; and
identification and assurance of payload technical readiness.
"We would like to thank ORS for having the confidence in SpaceDev as the
prime contractor, and its team to be part of this historic mission," said
Mark N. Sirangelo, SpaceDev's Chairman and CEO. "Our ORS bus is a
derivative of the micro-satellite space technology developed by us for the
Missile Defense Agency and builds upon the significant investment in that
program. We believe that this is a significant step in the advancement of
small satellites as part of our space 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, 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
