SOURCE: SpaceDev, Inc.

January 29, 2007 12:35 ET

SpaceDev Wins Prestigious Local Business Award

SpaceDev Receives Special Recognition From Congressman Hunter

POWAY, CA -- (MARKET WIRE) -- January 29, 2007 -- SpaceDev, Inc. (OTCBB: SPDV) announced that it won the Poway Chamber of Commerce Large Business of the Year Award for 2006. This award recognizes SpaceDev for bringing increased recognition to the community of Poway, and its contributions to local community events and services. The award was accompanied by a Certificate of Special Recognition from Congressman Duncan Hunter.

"SpaceDev is grateful to be acknowledged by the Poway Chamber of Commerce and Congressman Hunter for our work and community service," said Mark N. Sirangelo, Chairman of the Board and Chief Executive Officer of SpaceDev. "We are a proud member of Poway's Chamber of Commerce."

The award was presented to SpaceDev on January 20, 2007 at Poway's Evening with the Stars Awards Gala. "We greatly appreciate the support that the City of Poway has given us over the years. Many of our employees live in and around Poway," commented Richard B. Slansky, President and CFO of SpaceDev and Poway resident. "The mayor, city council, city manager and other city services have made Poway a business-friendly place in which to grow innovative and leading-edge businesses like SpaceDev, as well as, a wonderful community in which to raise a family. We are honored to receive this award."

About SpaceDev

SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. SpaceDev created the first TCP/IP enabled high performance microsatellite and developed the hybrid rocket motor technology that powered SpaceShipOne, thereby creating the first private sector astronauts. For more information, visit www.spacedev.com and www.starsys.com.

Contact Information

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