Bechtel Partners with Planetary Resources for Space Initiative


image Planetary Resources, Inc. announced today that Bechtel has joined their core group of investors and will be a collaborative partner in helping Planetary Resources achieve its long-term mission, which is to mine near-Earth asteroids for raw materials, ranging from elements used in rocket fuel to precious metals, through the development of innovative and cost-effective robotic exploration technologies. Currently, Planetary Resources has multiple contracts to develop miniaturized and responsive technologies with far-reaching applications to space assessment, accessibility and resource recovery.

"As we pursue our vision to expand the resource base beyond Earth; we're extremely excited to announce this partnership with Bechtel. They are a world leader in the engineering, procurement, and construction (EPC) industry," said Dr. Peter H. Diamandis, Co-Founder and Co-Chairman, Planetary Resources, Inc. "Bechtel has a history of consistently tackling the most challenging projects, beginning with the construction of the Hoover Dam more than 75 years ago."

"Planetary Resources' mission is ambitious, but they've assembled a world-class team to succeed," said Riley Bechtel, Bechtel Chairman and Chief Executive Officer. "Our companies share a common vision to continually innovate and push boundaries, all aimed at contributing to a better quality of life. We look forward to joining the Planetary Resources' team."

About Planetary Resources, Inc.: Planetary Resources, Inc. was founded in 2009 by Eric Anderson and Dr. Peter H. Diamandis. Their vision is to establish a new paradigm for resource utilization that will bring the solar system within humanity's economic sphere of influence. The company will conduct low-cost robotic space exploration beginning with the Arkyd-100 Series of space telescope missions that will identify the most commercially viable near-Earth asteroids. These initial missions will assist the company in enabling the retrieval of raw materials from these select asteroids, ranging from water to precious metals.

Planetary Resources is financed by industry-launching visionaries, three of whom include Google's CEO Larry Page & Executive Chairman Eric Schmidt and Ross Perot, Jr., Chairman of Hillwood and The Perot Group, who are committed to expanding the world's resource base so that humanity can continue to grow and prosper. Some of the company's advisors include film maker and explorer James Cameron, former Chief of Staff, United States Air Force General T. Michael Moseley (Ret.) and Sara Seager, Ph.D., Professor of Planetary Science and Physics at MIT. For more information, please visit www.planetaryresources.com.

About Bechtel: Bechtel is among the most respected engineering, project management, and construction companies in the world. They stand apart for their ability to get the job done right--no matter how big, how complex, or how remote. Bechtel operates through five global business units that specialize in civil infrastructure; power generation, communications, and transmission; mining and metals; oil, gas, and chemicals; and government services. Since its founding in 1898, Bechtel has worked on more than 22,000 projects in 140 countries on all seven continents. Today, our 53,000 employees team with customers, partners, and suppliers on diverse projects in nearly 50 countries. For more information, please visit www.bechtel.com.

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