Statement by Robert Bigelow Regarding Bigelow Aerospace Staff Reducations

“Recent layoffs were in response to a decision to start the New Year with more of a responsible business philosophy. For sixteen years, Bigelow Aerospace has functioned nearly exclusively as a research and development company. Starting in 2016, our intent is to behave in more of a financially responsible manner seeking to generate revenues as well as maintaining financial practicality on operating expenses as all normal companies do in a business environment. In December of 2015, we analyzed the amount of staff that we employed throughout all of our departments at Bigelow Aerospace, and discovered that numerous departments were overstaffed. Regrettably, we had to make the choice that, beginning with the New Year, we need to follow standard business protocols, which sensibly requires an attempt to achieve balance in how much staff is necessary. These layoffs will not compromise in any way our ability to execute the work and activities that we presently have ongoing.”

– Robert Bigelow