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SpaceDev Expands Production Capability in Colorado

Published by Sigurd De Keyser on Thu Feb 1, 2007 7:04 pm
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SpaceDev, Inc. (OTCBB: SPDV) announced today that it has signed a lease on a new 72,000 square foot development and manufacturing facility located in the Colorado Technology Center in Louisville, Colorado, for its subsidiary, Starsys, Inc. Starsys will be relocating from its facility in Boulder, Colorado in March 2007, as its current lease expires. The new facility will be leased from RE Hill Properties, LLC and Quartz Mountain Properties, LLC.

The new facility in Louisville will incorporate features specifically designed to support Starsys spacecraft subsystem product offerings and more. Unique features of the building include a modern manufacturing flow, expanded environmental test capability, and approximately 300 linear feet of unobstructed manufacturing and test space for large space structures. The lease includes an option for an additional 19,000 square feet, which could bring the total available Starsys space to approximately 92,000 square feet.

“This is an important and exciting move for our Company. Our lease of this state-of-the-art facility demonstrates SpaceDev’s commitment to Starsys and to our Colorado space business,” said Mark N. Sirangelo, SpaceDev’s Chairman and Chief Executive Officer. “As our capabilities and product offerings expand, so does our need for a new facility. We believe the new facility will enhance our presence in the local community and, coupled with our projected growth, will enable us to attract and employ the very best talent from across the country.”

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.

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