SOURCE: SpaceDev, Inc.

February 28, 2007 09:00 ET

SpaceDev's Starsys Division Awarded $1.4M Contract for NASA Mars Science Explorer Mission

Starsys to Provide Descent Brake Damper for Lander

POWAY, CA -- (MARKET WIRE) -- February 28, 2007 -- SpaceDev (OTCBB: SPDV) announced today that its subsidiary, Starsys, Inc., has been awarded a $1.4 million cost reimbursable design and development subcontract with NASA's Jet Propulsion Laboratory in support of the Mars Science Laboratory mission. Starsys will develop and deliver electromechanical Descent Brake dampers. The contract period of performance is approximately 18 months.

NASA's Mars Science Laboratory mission will deliver a 1,800 pound rover to the surface of Mars in 2010. Rather than the airbag landing system used by the Mars Exploration Rover mission, a "Skycrane" landing system will use a rocket-decelerated Descent Stage that will hover and gently lower the rover on a 25 feet long bridle cord. A critical component of the "Skycrane" landing system is the Descent Brake that will lower the rover in less than seven seconds with a controlled speed profile that will provide a gentle touch-down on the Martian surface.

"SpaceDev is honored to be a supplier for JPL's Mars Science Laboratory. This contract is the most recent example of our continuing support of JPL's Mars exploration," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "We provided actuators for the first Martian rover, Sojourner, as part of the 1999 Mars Pathfinder Mission. We delivered more than 25 mechanisms for each of the 2003 Mars rovers, Spirit and Opportunity, including the motors that point their cameras, and the actuators that have driven the rovers across the Martian surface for more than two years. In August of this year, the Phoenix Mars Lander mission will launch, carrying a wet-chemistry laboratory that Starsys helped to build in partnership with JPL," Mr. Sirangelo continued. "This is a great opportunity to continue our support of these historic missions. We have assembled a highly capable team for this project and look forward to working with JPL to develop and deliver this hardware."

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 please visit www.spacedev.com and www.starsys.com.

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 Gerstenkorn
    Media Contact:
    Mark Sirangelo
    (858) 375-2026

Multimedia