SOURCE: SpaceDev, Inc.

October 16, 2008 13:17 ET

SpaceDev Rated One of the Fastest Growing Global Defense Companies

SpaceDev Also Ranked Eighth in the Deloitte Technology Fast 50 for San Diego

POWAY, CA--(Marketwire - October 16, 2008) - SpaceDev, Inc. (OTCBB: SPDV) is pleased to announce that it has placed sixth on the prestigious "Fast Track 50," an annual ranking of global defense companies published by Defense News Magazine (www.defensenews.com). Defense News evaluated all defense companies in the world regardless of size by their compound annual growth rate over the last five years.

The Company also was informed that it has been recognized as the eighth fastest growing technology company in the San Diego area at the recent Deloitte "Technology Fast 50" awards. The Deloitte ranking covers all technology companies regardless of industry by percentage revenue growth over five years.

"It has been an exciting time for our company over the past several years as a result of SpaceDev's growth and success," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "We are honored to have this success and be acknowledged by both Defense News, a leading publication in our industry, and Deloitte, one of our nation's leading professional services organizations."

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.

This news release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks that are difficult to predict, 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, obtain additional financing, if needed, and competitive factors related to the Company's size. The Company also references other factors described in periodic reports filed with the SEC, including its current Annual Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-Q. 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 Contacts
    Investor:
    Richard Slansky/Jessica Schwarz
    Media:
    Mark Sirangelo
    (858) 375-2026