Press Release

SPACEHAB Announces Publication of Investment Profile

By SpaceRef Editor
July 31, 2003
Filed under , ,

SPACEHAB, Incorporated
, a leading provider of commercial space services, today
announced that an investment profile, which details the Company’s goals for
its future financial and operating performance, has been issued.

The investment profile provides an overview of key corporate initiatives
and its strategy for growth. The profile is available on the Company’s
corporate website, within the Investor Relations section, at www.spacehab.com
or a copy can be obtained by contacting Haris Tajyar, Investor Relations
International, at 818.981.5300.

About SPACEHAB, Incorporated

With approximately $100 million in annual revenue, SPACEHAB, Incorporated
(www.spacehab.com) is a leading provider of commercial space services. The
Company develops, owns, and operates habitat and laboratory modules and cargo
carriers aboard NASA’s Space Shuttles for space station resupply and research
purposes. Its Government Services business unit provides Space Station and
Space Shuttle support services including orbiter crew compartment integration,
stowage, and configuration management to NASA’s Johnson Space Center in
Houston. SPACEHAB’s Astrotech subsidiary provides commercial satellite
processing services at facilities in California and Florida. Additionally,
through The Space Store, Space Media provides space merchandise to the public
and space enthusiasts worldwide (www.thespacestore.com).

This release contains forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those projected in such statements. Such risks and
uncertainties include, but are not limited to, whether the Company will fully
realize the economic benefits under its NASA and other customer contracts, the
timing and mix of Space Shuttle missions, the impact of the recent Columbia
tragedy on the Company’s existing and future business operations, the amount
of any indemnification payments the Company may receive for its RDM, which was
lost as part of the Columbia tragedy, the successful development and
commercialization of new space assets, technological difficulties, product
demand, timing of new contracts, launches and business, market acceptance
risks, the effect of economic conditions, the impact of war, uncertainty in
government funding, the impact of competition, and other risks detailed in the
Company’s Securities and Exchange Commission filings. The Company assumes no
obligation to update these forward-looking statements.

    For more information, contact:

     Haris Tajyar                          Julia A. Pulzone
     Managing Partner                      Chief Financial Officer
     Investor Relations International      SPACEHAB, Inc. -- Washington Office
     Phone 818-981-5300                    Phone 202-488-3500
     Fax 818-981-5303                      Toll free 888-647-9543
     htajyar@irintl.com                    pulzone@hqspacehab.com

SpaceRef staff editor.