Excalibur Almaz USA, Inc. appoints new CEO

HOUSTON, May 10, 2011 — Excalibur Almaz USA, Inc., a commercial orbital aerospace company, has appointed Buckner Hightower Chief Executive Officer. Mr. Hightower, who had been Acting CEO since Feb. 6, was formally appointed to his new position by the Board of Directors effective May 5. He served the company as Executive Vice President, Business during the previous five years.

“I would like to congratulate Buckner on his appointment and wish him all the best as he assumes his new duties,” said Art Dula, Board Chairman of Excalibur Almaz, USA. Mr. Hightower has a wealth of experience in the international aerospace industry with particular expertise in Russia, having worked with aerospace organizations in the Soviet Union and Russian Federation since 1988. He has more than twenty-five years experience in executive management positions.

He is a member of the Board of Trustees of The International Space University in Strasbourg, France and a Trustee of The Robert A. and Virginia Heinlein Prize Trust, which confers awards in recognition of significant accomplishments in commercial aerospace activities.

For more information or to read Mr. Hightower’s full bio visit: www.excaliburalmaz.com.