Press Release

SpaceDev’s Systems Enable Successful Orbital Express Spacecraft Servicing Demonstration

By SpaceRef Editor
April 24, 2007
Filed under , ,

SpaceDev, Inc. (OTC BB:SPDV.OB, as a member of Boeing’s Orbital Express team, would like to join Boeing’s announcement that the two satellites on DARPA’s Orbital Express Mission successfully separated and the first in a series of capture tests was successfully completed. SpaceDev’s Starsys division designed and fabricated the low shock spacecraft-to-spacecraft separation system used to release the two spacecraft, Astro and NextSat, as well as providing the Orbital Express Capture System (OECS) used to perform direct capture and docking of the satellites. The OECS provides the structural, electrical and power connections between the spacecraft as well as the platform for fluid transfer coupling. The demonstration was the first of more than 75 captures planned throughout the one year mission to validate various docking scenarios. The goal of the Orbital Express program is to validate the feasibility of robotic, autonomous on-orbit refueling and reconfiguration of satellites. Source: SpaceDev, Inc.

  “We would like to thank DARPA, Boeing and the rest of the Orbital Express team for entrusting us with this critical subsystem. We are proud to be a part of this important program,” said Mark Sirangelo, CEO and Chairman of SpaceDev. “This technology has the potential to transform how spacecraft missions are accomplished and could well become a key element in extending the capability and life of the next generation of satellites. We look forward to working with the Orbital Express team throughout the balance of the mission and into the future.”

Orbital Express is being developed by DARPA and was launched in March 2007. The successful Orbital Express demonstration will provide the foundation for developing an operational system that can provide routine on-orbit servicing of future space assets.

Additional partners on this team include NASA, Ball Aerospace, Northrop Grumman Space Technology, MDA and the Charles Stark Draper Laboratory Inc.

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 and www.starsys.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 integrate acquisitions; rescheduling or cancellation of customer orders; uncertainties in the government budgeting process; ability to control costs and expenses; and, the possible need for additional financing. 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.

SpaceRef staff editor.