During the World Space Week celebration at the U.N. headquarters on Oct. 4, 2000 at 10:00 EST, United Nations Director of the Office for Outer Space Affairs, Mazlan Othman will announce the launch of the U.N. S*T*A*R*S(TM) Program in the presence of Dr. Bernard Harris, Space Media Inc. Vice President.
Under the direction of the Office for Outer Space Affairs, the United Nations will promote educational projects to increase interest in space technology among students in developing countries.
S*T*A*R*S(TM) is a commercial education initiative of Space Media that creates opportunities for students to design and fly scientific experiments aboard the Space Shuttle and, in the near future aboard the International Space Station (ISS). Student researchers monitor the experiment through the Internet while thousands of other students can ``look over their shoulders'' virtually while conducting control experiments of their own. By participating in the program, students will be able to better understand space science and applications in the classroom.
``S*T*A*R*S(TM) is an excellent opportunity for us to implement the recommendations of the 1999 UNISPACE-III conference, to involve school children and young people progressively in space-related activities. They will be able to learn more about space science and technology and their importance to human development,'' said Director Mazlan Othman.
Space Media Inc. earned recognition from the educational community, and was honored by the Smithsonian's National Air and Space Museum in Washington, D.C. during Space Day 2000, when the first S*T*A*R*S(TM) experiment testing the effects of microgravity on Painted Lady Butterflies was placed on permanent display at the museum. Currently tens of thousands of students directly participate in the S*T*A*R*S(TM) experiments during the Space Shuttle STS107 mission which will fly in June 2001.
``The U.N. S*T*A*R*S Program is a great opportunity for students world-wide, and in developing countries, to participate in the excitement of space research. Additionally, this partnership affords corporate and other sponsors the occasion to contribute toward expanding space education as well,'' said Dr. Bernard Harris.
S*T*A*R*S(TM) is operated by Space Media Incorporated, a wholly owned subsidiary of SPACEHAB . SPACEHAB, with its Space Media and Astrotech subsidiaries, is the world's leading provider of commerce opportunities in space. SPACEHAB is the first company to commercially develop, own and operate habitable modules that provide laboratory facilities and logistics resupply aboard Space Shuttle and the International Space Station. It is developing and will operate the first commercial module aboard the ISS, the Enterprise(TM). SPACEHAB also supports astronaut training at Johnson Space Center. SPACEHAB, with its Space Media and Astrotech subsidiaries, is the world's leading provider of commerce opportunities in space.
This release contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in such statements. Such risks and uncertainties include, but are not limited to, whether the company will fully realize the economic benefits under its NASA and other customer contracts, the timing and mix of Space Shuttle missions, the successful development and commercialization of new space assets, technological difficulties, product demand, timing of new contracts, launches and business, market acceptance risks, the effect of economic conditions, uncertainty in government funding, the impact of competition, and other risks detailed in the Company's Securities and Exchange Commission filings.