SpaceDev CHIPSat Update

“Greetings,

I am very pleased to announce that today SpaceDev delivered CHIPSat to Dr.
Mark Hurwitz of the UC Berkeley Space Science Lab, on schedule.

This revolutionary microsatellite, CHIPSat, designed and built by SpaceDev
for Dr. Hurwitz, is the smallest and least expensive spacecraft funded by
NASA and is their first University Explorer. CHIPSat will operate as an
orbiting node on the Internet, and will be operated by SpaceDev from our
mission control and operations center in the San Diego area.

CHIPSat is revolutionary because it uses all new, miniature subsystems, most
designed and built by SpaceDev, and designed as standard products to be
useful on many spacecraft and satellites. We believe our small, higher
performance microsat, coupled with our microsat kick-motors and our
aggressive work in the secondary launch field to reduce launch cost, will all
help pioneer the way for cheaper access to space.

SpaceDev now has a qualified microsat bus available to sell as a standard,
fixed-price product to NASA, the Air Force, commercial customers, or any
party needing an affordable, high-performance satellite for their small
payload. Our development of the SpaceDev BD-II(TM) satellite has resulted in
six innovative new SpaceDev products in the last two years.

CHIPSat features:

• The HPX-21(TM) SpaceDev miniature 300 MIPS flight computer
  
• The MST-21(TM) SpaceDev variable power, STDN-compatible
  transceiver/transponder
  
• Our miniature, modular power conditioning and distribution system
  
• The revolutionary SpaceDev portable MicroSat Operating System (MS-OS)(TM)
  
• The SpaceDev Internet Mission Control and Operations Package (MC-OP)(TM)
  
• The SpaceDev BD-II, Boeing Delta-II compatible satellite bus
  

SpaceDev is introducing the ‘microcomputer’ way of thinking into the $100
billion space industry, which has been bogged down for decades in the old
‘mainframe’ way of thinking – that bigger is better. We are creating smaller,
innovative subsystems, satellites and entire missions that can be produced in
quantity and sold as products. More information can be found on the SpaceDev
web site.

We are looking forward to helping the UC Berkeley team integrate the CHIPS
instrument designed by Dr. Hurwitz, and to getting CHIPSat launched! Onward
and upward!

Thank you for your interest and support.

Jim Benson

Founder, CEO