Message #49 From:
NewsBot Date: March 25, 2008 05:01:53 PM
SpaceDev to Develop Technologies for NASA Lunar Operations
Contract Award Builds on SpaceDev Cover Systems Heritage
SpaceDev, Inc. (OTCBB: SPDV) announced that it
has been awarded a contract for the development of next-generation seal
technologies for instrument covers. The Phase 1 Small Business Innovative
Research contract is scheduled for a 6-month period, during which SpaceDev
plans to perform feasibility studies for seals capable of repetitive use
while maintaining integrity even in the presence of severe abrasive
environments such as lunar dust. These seal technologies are intended to
enhance performance and enable increased mission capabilities for future
lunar operations such as rovers, robotic systems, on site resource
utilization and science experiments.
"This contract builds upon our heritage developing cover systems and seals
for important spacecraft such as the Chandra and Spitzer space telescopes,"
said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "Once developed, they
are expected to provide a key solution set to harsh environments that
presented significant operational issues during the Apollo missions.
Although our initial efforts are focused on NASA's lunar requirements, we
expect these products to translate over to future Mars and terrestrial
applications as well."
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
