SOURCE: SpaceDev, Inc.

March 06, 2007 12:46 ET

SpaceDev's Starsys Division Awarded WorldView-2 Contract

Starsys to Provide Solar Array Rotational Drive and Control Electronics to Ball Aerospace

POWAY, CA -- (MARKET WIRE) -- March 6, 2007 --SpaceDev (OTCBB: SPDV) announced today that its subsidiary, Starsys, Inc., has been awarded a follow-on order for the solar array rotational drive assemblies and drive control electronics for the DigitalGlobe WorldView-2 satellite program from Ball Aerospace and Technology Corporation. An authorization to proceed of $1.25 million has been put in place to initiate the contract. This award further expands Starsys' role on the WorldView platform: In early 2006, Starsys delivered the flight solar array and rotational drive and control electronics for the WorldView-1 mission.

The Starsys Quiet Array Drive (QuAD) Micro-Stepping motion control technology will be utilized on the Ball Aerospace BCP 2000 platform to articulate each of the two solar arrays and align them with the sun. Unlike traditional stepper motor solar array drives, the Starsys drive control electronics QuAD technology provides low disturbance actuation, allowing spacecraft images to be captured at the same time that the solar arrays are being pointed. The WorldView-2 spacecraft will provide images with 0.5-meter resolution.

"Ball's selection of our hardware to support the next WorldView satellite reflects their confidence in the enabling technology provided by Starsys' solar array and silent drive products," said Mark Sirangelo, Chief Executive Officer and Chairman of the Board of SpaceDev. "We are proud to be providing a critical subsystem for this state of the art commercial imaging spacecraft."

The WorldView-2 satellite is scheduled to be ready for launch in late 2008 and is expected to expand the capabilities of DigitalGlobe's world imaging portfolio.

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