From: SpaceDev, Inc.
Posted: Friday, July 25, 2003
SpaceDev (OTC Bulletin Board: SPDV - News) has been awarded a contract by Lunar Enterprise of California (LEC) for a first phase project to begin developing a conceptual mission and spacecraft design for a lunar lander program. The unmanned mission will be designed to put a small dish antenna near the south pole of the Moon. From that location it will be in near-constant sunlight for solar power generation, and should be able to perform multi-wavelength astronomy while communicating with ground stations on Earth.
"We are excited about this project because it is in keeping with the original goal of SpaceDev to design, build and fly commercial deep space science missions, and should result in our development of additional transformational space technology," said Jim Benson, founder, chairman and chief executive of SpaceDev. "This study picks up where we left off from our original 1997 Near Earth Asteroid Prospector (NEAP) mission design, our 1999 Mars MicroMission design for NASA's JPL, and our work in 2001 with Boeing on possible commercial lunar orbiter missions."
SpaceDev will analyze launch opportunities, spacecraft design, trajectory possibilities, potential landing areas, available technologies for a small radio astronomy system, and communications and data handling requirements. The lunar mission will be designed with the same philosophy as the highly successful CHIPSat Earth orbiting science spacecraft SpaceDev built for UC Berkley. SpaceDev's approach is to make systems as small, low-cost and as practical as possible while minimizing risks, in order to successfully demonstrate the performance of science on the surface of the Moon.
"Lunar Enterprise Corporation (LEC) has funded this study to be a catalyst to other individuals, companies and countries to join together in a return to the Moon," said Steve Durst, founder and director of LEC. "Many organizations around the world are planning various lunar missions. Corporate and national leaders, and the world's leading lunar scientists, will be discussing these projects at the International Lunar Conference 2003 in Hawaii this November. We hope this seedling project will help bring all those parties together to discuss cooperation and identification of resources for concerted lunar activities."
SpaceDev (OTC Bulletin Board: SPDV - News) creates and sells affordable and innovative space products and solutions to government and commercial enterprises. SpaceDev products and solutions include the design, manufacture, marketing and operation of sophisticated micro- and nano- satellites, hybrid rocket-based orbital Maneuvering and orbital Transfer Vehicles (MTVs) as well as safe sub-orbital and orbital hybrid rocket-based propulsion systems. For more information, visit www.spacedev.com .
About Lunar Enterprise Corporation
Lunar Enterprise Corporation is a wholly owned subsidiary of Space Age Publishing Company of Hawai'i Island, Hawaii, and Palo Alto, California. LEC and Space Age support a wide variety of enterprises and activities consistent with near-term, human, permanent operations on the Moon and with the founding of Space Age Publishing Company's next office. For more information, visit www.spaceagepub.com .
This news release may contain forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. Forward-looking statements relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures including, but not limited to, risks associated with new product development and availability of raw resources and suppliers, risks to marketed products and availability of financing and other sources of income, as well as risks discussed in the company's periodic reports filed with the U.S. Securities & Exchange Commission. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release and to read it in conjunction with the Company's annual report on Form 10-KSB, including the consolidated financial statements filed therewith. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.
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