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World's First Operational ''Spaceport'' for Private Space Launches to be Announced by New Mexico's Governor, Bill Richardson

Press Release From: UP Aerospace
Posted: Tuesday, September 6, 2005

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New Mexico's Governor, Bill Richardson, will announce tomorrow in Santa Fe the inaugural launch in a series of space launches to occur at the State's new Southwest Regional Spaceport.

On March 27, 2006, UP Aerospace, Inc. (www.upaerospace.com) -- heralding "Unlimited Possibilities" for business and education -- will launch its SpaceLoft rocket on a sub-orbital flight from the New Mexico Spaceport. The flight will carry seven experimental and commercial payloads for a variety of scholastic and business entities. After traveling into space, the rocket and its payloads will land in the downrange area of the Spaceport.

The inaugural space launch will be announced tomorrow, September 7th, at 2:00 PM MT on the steps of New Mexico's State Capitol Building in Santa Fe. The announcement will take place in a combined press conference with Governor Richardson, New Mexico's government leadership, and the principals of UP Aerospace.

"This is a milestone event in the history of aerospace," said Eric Knight, CEO of UP Aerospace. "For the first time in all of space flight, a facility is now available for regularly scheduled, private space launches. Thanks to the vision of the State of New Mexico, as well as the aerospace capabilities provided by our company, the 'final frontier' is now open to everyone."

UP Aerospace has the capability to launch up to 30 space launches per year from New Mexico's Spaceport. The company believes that its unique SpaceLoft rocket provides the world's lowest cost-per-pound of any space-transportation vehicle. Rocket specifications and capabilities can be viewed at the company's Web site: www.upaerospace.com.

UP Aerospace concentrates it services on three markets: (1) Businesses that require economical testing of space-flight hardware, (2) scientific analysis of the earth and in-space phenomena, and (3) research conducted by the educational sector.

According to Jerry Larson, President of UP Aerospace, "New aerospace technologies can now be tested and evaluated quickly at very low cost. And for scientists studying the earth and celestial phenomena, we provide a remarkable in-space vantage point."

Larson went on to say, "Regarding education, space has been the environment of only a handful of schools with significant financial resources. To level the playing field, we've combined our SpaceLoft rocket with our company's S.T.A.R. (Space Technology & Academic Research) initiative. The result: Colleges and universities with even the smallest budgets can now conduct real science on a real space-flying rocket. It's exciting to provide this capability to such a broad spectrum of students."

Through UP Aerospace's S.T.A.R. education initiative, the company proudly supports the efforts of both NASA's Space Grant and NASA's EPSCoR (Experimental Program to Stimulate Competitive Research) programs.

UP Aerospace also works in collaboration with NALI (the Air Force's National Aerospace Leadership Initiative) and CCAT (the Connecticut Center for Advanced Technology) to inspire K-12 students in space science and career opportunities.

For details on the New Mexico press conference, please contact Katie Roberts, Public Information Officer, New Mexico Economic Development Department, at (505) 476-3747. For further information on UP Aerospace, Inc. and its low-cost space transportation services for business and education, please call the company's headquarters at (860) 673-2502. Or visit www.upaerospace.com.

Contact:

UP Aerospace, Inc.
Eric Knight, 860-673-2502

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