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Canadian Arrow Partners with Leading American Entrepreneur

Published by Sigurd De Keyser on Thu May 5, 2005 7:05 pm
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Two companies at the forefront of the ‘race to space’ have announced they are joining forces to complete and fly a spacecraft capable of carrying passengers into suborbital space. Canadian Arrow has announced that it is partnering with an American businessman, Dr. Chirinjeev Kathuria, to form a new Canadian corporation called PLANETSPACE. The goal of the company is to make space flight available to the public.

Canadian Arrow, a Canadian company originally formed to compete for the $10 million Ansari X PRIZE, has continued its progress toward building a spacecraft that will take passengers into sub-orbital flight.

Dr. Chirinjeev Kathuria, M.D., M.B.A., has had measurable success in building innovative technology and healthcare businesses. He was a founding director of MirCorp, the company that made history on April 4th, 2000 when it launched the world’s first privately funded manned space program and signed up Dennis Tito as the world’s first “citizen explorer.”

Canadian Arrow President Geoff Sheerin and Dr. Chirinjeev Kathuria, along with the test pilot astronauts who will fly Canadian Arrow on its first manned missions will be holding a news conference on May 18th at 11:00am at the Science and Industry Museum in Chicago, Illinois to announce details of the company’s plans along with the unveiling of the Canadian Arrow rocket with its new PLANETSPACE identity. Their will also be a press conference on May 17th at 11:00am at the Canadian Arrow Space Center in London Ontario Canada before departure of the rocket for the Chicago event the next day.

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