Headlines > News > SpaceDev: Human Service Mission to the International Lunar Observatories

SpaceDev: Human Service Mission to the International Lunar Observatories

Published by Sigurd De Keyser on Sat Jul 23, 2005 2:20 pm
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POWAY, CA – July 22, 2005–SpaceDev (OTCBB: SPDV) has been awarded a small contract by Lunar Enterprise Corporation, a wholly owned subsidiary of Space Age Publishing Company to perform the work necessary to create a conceptual mission architecture and mission design for a human servicing mission to the Lunar south pole targeted for the period of 2010 to 2015. The length of stay on the Moon will be seven or more days, depending on cost, practicality and other trade-offs.

The study will explore existing technology, technology currently under development, and proposed technology that could be developed by NASA, other countries or the private sector in time to be incorporated into the mission. The study will seek to combine those technology capabilities in order to arrive at an elegantly simple solution, because that approach should result in a mission that is low risk and low in cost.

About SpaceDev

SpaceDev (OTCBB: SPDV) creates and sells affordable and innovative space products and solutions to government and commercial enterprises. SpaceDev’s innovations include the design, manufacture, marketing and operation of sophisticated micro- and nano-satellites, hybrid rocket-based orbital Maneuvering and orbital Transfer Vehicles (MoTVs) as well as sub-orbital and orbital hybrid rocket-based propulsion systems for safe human space flight. Upon founding SpaceDev in 1997, Jim Benson started the trend of successful computer entrepreneurs moving into the space development arena. For more information, visit www.spacedev.com.

About Lunar Enterprise Corporation

Lunar Enterprise Corporation is a wholly owned subsidiary of Space Age Publishing Company of Hawaii Island, Hawaii, and Palo Alto, California. LEC and Space Age support a wide variety of enterprises and activities consistent with near-term, human, permanent operations on the Moon and with the founding of Space Age Publishing Company’s next office. For more information, visit www.spaceagepub.com.

This press release includes “forward-looking statements” concerning SpaceDev’s business and future prospects and other similar statements that do not concern matters of historical fact. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include, without limitation, forecasts of market growth, future revenue and contract awards, expectations concerning product performance and expansion of products and services, anticipated completion and launch schedules, and other matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: government budget cuts that may affect future awards; changes in, and difficulties encountered in integrating our product with, the technology of other team members; schedule slips caused by SpaceDev or other team members; launch delays due to factors beyond the control of SpaceDev; risks which may be encountered by the microsatellite during Lunar orbit; and the ability of SpaceDev and other team members to control the microsatellite post-launch. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in SpaceDev’s most recently filed Forms 10-KSB and 10-QSB. SpaceDev undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

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