From: SpaceDev, Inc.
Posted: Tuesday, October 3, 2006
SpaceDev announced today that its subsidiary, Starsys, Inc., has been awarded the solar array drive, antenna pointing actuators and gimbal control electronic assemblies for the Lunar Reconnaissance Orbiter (LRO) program from NASA Goddard Space Flight Center (GSFC) and Swales Aerospace. The contract value is in excess of $6.3 million. This award further expands Starsys' role on the LRO mission, which began late last year when Starsys was awarded the optics pointing mechanism for the LRO Diviner payload in development at NASA/JPL. This award brings the total Starsys contract value for LRO related hardware to more than $7.25 million.
"The Lunar Reconnaissance Orbiter is an important next step in NASA's continuing exploration of the moon and beyond," said Mark Sirangelo, Interim Chairman of the Board and Chief Executive Officer of SpaceDev. "One of the more exciting aspects of the mission is that the spacecraft will be investigating permanently shadowed cold-trap regions at the poles for the presence of water ice. We are proud to be a significant contributor to this high profile mission."
The LRO mission is scheduled to launch in the fall of 2008 as part of NASA's Lunar Precursor and Robotic Program. The mission will deliver a powerful orbiter to the vicinity of the moon to obtain measurements necessary to characterize future robotic and human landing sites. It will also identify potential lunar resources and document aspects of the lunar radiation environment relevant to human biological responses. Starsys will provide drive actuators to align the spacecraft's solar panels with the sun, a two-axis pointing mechanism to align the downlink antenna for communication with Earth, and the control electronics to drive each system. The Starsys actuator design is a derivative of the antenna gimbal actuators it is providing to NASA GSFC for the Solar Dynamics Observatory mission.
"NASA's selection of our QuAD silent drive technology for the solar array and gimbals reaffirms that this is an enabling technology for future spacecraft missions," said Robert Vacek, President of Starsys. "With the inclusion of the control electronics, Starsys is providing our customer with a total system solution for the solar array drive and antenna pointing actuators. We are proud to have a growing role on this program to provide the science and data required to return to the moon."
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 and www.starsys.com.
Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism and satisfaction with current prospects, as well as 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. Such forward-looking statements are not guarantees of performance, and the Company's actual results could differ materially from the Company's current expectations. Factors that could cause or contribute to such differences include risks and uncertainties associated with:(i) the Company's ability to effectively integrate acquisitions (ii) rescheduling or cancellation of customer orders, (iii) uncertainties in the government budgeting process, (iv) ability to control costs and expenses, and (vi) the possible need for additional financing. Reference is also made to other factors set forth in the Company's periodic reports filed with the Securities and Exchange Commission, including "Management's Discussion and Analysis" and other sections of 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, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release.
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