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SpaceDev to Build Lunar Lander Prototype

Published by Klaus Schmidt on Fri Aug 24, 2007 9:41 am
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(SpaceDev) – Contract initiates construction of International Lunar Observatory

POWAY, CA – SpaceDev (OTCBB: SPDV) announced today that it has been awarded a contract to develop a prototype lunar lander vehicle for the International Lunar Observatory Association (ILOA). Since 2003, SpaceDev has performed four design and feasibility studies addressing various aspects of the ILO. The ILO will be a spacecraft to conduct optical and radio astronomy from the surface of the Moon, and potentially engage in commercial activities involving not only astronomy, but also photography, communications, and internet hosting. The prototype will achieve smooth landings via precision-controlled throttling of its hybrid rocket motors.

“This is a landmark phase for the ILO, as we carry the project beyond paper studies and into hardware development,” said Mark N. Sirangelo, Chairman and Chief Executive Officer. “We believe that low-cost entrepreneurial endeavors will play an increasing role in space science, travel, and exploration, and we are excited to be part of that movement with our work on the ILO. This phase will demonstrate critical technologies, and will provide a perfect stepping stone toward further advancement of the mission.”

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.

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