SOURCE: SpaceDev, Inc.

December 20, 2007 19:34 ET

SpaceDev Flies Prototype Hybrid Rocket Lunar Lander

Project Is First to Demonstrate Applied Throttling Capability

POWAY, CA--(Marketwire - December 20, 2007) - SpaceDev, Inc. (OTCBB: SPDV) announced today that it has concluded the first phase of development on its hybrid rocket powered lunar lander prototype, with a successful flight test. The effort was supported by the International Lunar Observatory Association (ILOA) led by Steve Durst, who envision using the technology to bring their ILO spacecraft to a soft landing on the South Pole of the Moon, where it will perform various astrophysics and communication functions.

During the flight test, the lander prototype vehicle's four hybrid rocket motors were ignited and throttled via radio control, their thrust adjusted in real time to achieve lift-off, ascended to approximately 35 feet, hovered, descended, and landed softly. A video of the flight may be seen at

This test marked the first ever of a hybrid rocket powered lander vehicle and demonstrated applied throttling, a key capability of SpaceDev's reliable, safe, and non-toxic hybrid propulsion technology. "This is an exciting project that has shown not only the versatility of our hybrid motors, but also SpaceDev's high levels of responsiveness and efficiency," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "We see many important applications for our throttleable rockets, and we look forward to continuing our relationship with ILOA as well as our research and development of lander vehicles."

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

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 manage schedule changes or cancellation of customer orders, control costs and expenses, and obtain additional financing, if needed. 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