SOURCE: SpaceDev, Inc.

December 17, 2007 13:16 ET

SpaceDev Announces New Low Shock Release Mechanism

POWAY, CA--(Marketwire - December 17, 2007) - SpaceDev, Inc. (OTCBB: SPDV) announced today that it has completed development of its next generation release device, the Low Shock Release Mechanism (LSRM). The LSRM provides for the restraint and release of spacecraft components and is unique in its redundancy, low shock performance, and reuse-ability; requirements that until now have not been available in a single release device. On release, the LSRM instantaneously translates the strain energy stored in the highly preloaded vehicle structure to rotational energy, thereby providing a remarkably gentle, instantaneous release. Applications for the LSRM include the hold-down and release of satellite and spacecraft systems, as well as launch vehicle staging events.

SpaceDev's release mechanisms have become the spacecraft release technology of choice for most launch vehicle integrators, due to their demonstrated on-orbit performance of separating payloads at shock loads significantly less than that of conventional pyrotechnic systems. The LSRM builds on this capability by also providing full redundancy.

"Our objective is to develop and qualify highly reliable and capable spacecraft mechanisms. The LSRM is a great addition to our portfolio of release mechanisms," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "We will be working with our customers to find applications for the LSRM and look forward to the first applications in space."

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.

Except for factual statements made herein, this news release consists of forward-looking statements that involve risks that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks associated with the Company's ability to effectively manage customer orders, control costs, and obtain additional financing. Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-QSB. These forward-looking statements speak only as of the date of this release. SpaceDev does not intend to update these forward-looking statements.

Contact Information

  • SpaceDev Investor Relations
    Investor Contact: Richard Slansky/Jessica Schwarz
    Media Contact: Mark Sirangelo
    (858) 375-2026