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Andrews Space and Technology Wins $2.9 Million Contract from NASA

Press Release From: Andrews Space, Inc.
Posted: Monday, July 22, 2002

AS&T to Develop a Commercial Cargo Transportation Service for the International Space Station

Andrews Space & Technology (AS&T) today announced that it has been awarded a $2.9 million contract by NASA. NASA has selected AS&T to develop an integrated system solution for delivering supplies to the International Space Station as part of NASA's Space Launch Initiative (SLI).

The twelve-month study will focus on developing an effective commercial re-supply service to transport up to 35,000 lb of food, equipment, and experiments per year to the International Space Station. AS&T will evaluate innovative technologies including recoverable, reusable and expendable systems as well as ballistic and winged re-entry designs. The project builds on previous innovations submitted by AS&T to NASA.

"The contract win from NASA is yet another validation of AS&T's philosophy. It's not the size of a company that matters, but rather the ability to innovate and rapidly bring new ideas to market. This particular program has the ability to significantly increase the scientific and commercial utilization of the International Space Station," said Jason Andrews, Andrews Space & Technology co-founder and President.

Supporting AS&T on the project are leading aerospace firms including: Alenia Spazio of Turin, Italy will study pressurized cargo module accommodation and design; Northrop Grumman Corporation's (NYSE: NOC) Integrated Systems sector will perform structural feasibility assessments; and SPACEHAB, Inc. (NASDAQ: SPAB) will focus on ground and space operations required to process and transfer cargo.

Andrews continues, "It's extremely exciting to be chosen to develop a commercially viable transportation systems to the International Space Station. The strong team we've built puts us in prime contention to perform detailed design, manufacture, and operation of the new system in the coming years."

This is the third contract AS&T has been awarded under the Space Launch Initiative in the past 14 months. In May 2001, the Company was awarded approximately $3 million to assess the feasibility of its Alchemist(tm) Air Collection and Enrichment System, a 2nd Generation Reusable Launch Vehicle propulsion technology. AS&T also won a $1.8 million contract from Northrop Grumman Integrated Systems in January 2002 to support 2nd Generation Reusable Launch Vehicle architecture design studies.

About the Company

Founded in 1999 by Marian Joh and Jason Andrews, Andrews Space & Technology is a privately held company offering engineering services and business analysis for the aerospace industry. AS&T's core technical competencies include spacecraft design, systems engineering, and new product development for near-term and future space and technology applications. AS&T also specializes in aerospace industry market research and business analysis. Headquartered in Seattle, Washington, Andrews Space & Technology also has offices in El Segundo, California. To learn more, please visit: www.andrews-space.com http://www.andrews-space.com or visit www.SPACEandTECH.com, a leading provider of space industry news.

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