SOURCE: SpaceDev, Inc.

February 01, 2007 09:00 ET

SpaceDev Conducts Hot-Fire Test of Hybrid Upper Stage Rocket Motor

Development of SpaceDev Streaker™ Small Launch Vehicle Progressing

POWAY, CA -- (MARKET WIRE) -- February 1, 2007 --SpaceDev (OTCBB: SPDV) announced today that it has completed a series of three hot-fire tests of its hybrid upper stage motor, part of the SpaceDev Streaker™ Small Launch Vehicle development program. The tests demonstrated the ability to restart a partially spent motor grain and tested a new injector configuration intended to improve motor performance and stability. The tests were conducted at SpaceDev's new hybrid rocket test site in southern Orange County, CA, which will eventually be upgraded to accommodate test firings of larger and more powerful motors.

"These events successfully conclude this phase of motor firings intended to demonstrate the performance and stability of SpaceDev's hybrid upper stage motor configuration," said Mark N. Sirangelo, SpaceDev's Chairman and Chief Executive Officer. "We are very pleased with the results of the series, in particular, the demonstration of restartability of this hybrid configuration. The results help to validate a capability of the hybrid motors important for both launch vehicle and orbital transfer applications."

SpaceDev is developing its hybrid upper stage technology under contract with the Air Force Research Laboratory at Edwards AFB.

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 and

Except for factual statements made herein, this news release consists of forward-looking statements that involve risks, uncertainties and assumptions 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 and uncertainties associated with: the Company's ability to effectively integrate acquisitions; rescheduling or cancellation of customer orders; uncertainties in the government budgeting process; ability to control costs and expenses; and, the possible need for 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 Gerstenkorn
    Media Contact:
    Mark Sirangelo
    (858) 375-2026