Element 21 Golf Company ("E21") (OTC BB:EGLF.OB - News) (Frankfurt:BJQ.F) reports the announcement by Igor Panarin, spokesman for the Russian Space Agency, that a cosmonaut at the International Space Station (ISS) will play golf in outer space and in zero gravity conditions for the first time in history.
The space golf shot is scheduled for the night of November 22 at between 6 pm to 7 pm (EST) while technically a day later at 2 am - 3 am (Moscow time), paying tribute to an American astronaut Alan Shepard Jr., who played golf on the Moon in 1971 during the Apollo 14 mission.
Mr. Panarin disclosed that: "During his space walk, Mikhail Tyurin will send a ball in the direction opposite to the ISS, so the golf ball will go into its orbit safely below the space station. This was one of the conditions set by NASA to allow the longest golf shot to take place on ISS."
Tyurin's partner on the 14th international mission to the ISS, American Michael Lopez-Alegria, will photograph and videotape the moment reported RIA News Agency in Moscow today following the Russian Space Agency press conference. Major Russian newspaper MK, with circulation of about 800,000 copies a day, posted calculations suggesting several years in orbit.
Russian experts and NASA confirm that golf ball will pose no danger to the ISS or orbiting satellites. The golf ball will become one of the smallest tracked human-made satellites orbiting the earth. Its orbit will decay either after 3 days or 3.5 - 4 years in orbit, depending on whether NASA or Russian Space experts are correct.
E21 management is betting on the extensive analysis of the Russian Space Agency. Dr. Nataliya Hearn noted: "We were evaluating taking out a $75 million dollar insurance policy just to be safe. However, we're pretty confident that Mikhail won't have to take a 'mulligan.' LPGA Hall of Fame golfer Carol Mann and PGA Director of Instruction Rick Martino have coached Mikhail down here on Earth. He may not be ready to break 100 on a real golf course, but we're pretty confident that he's going to break all distance records this Thanksgiving Day."
About Element 21 Golf Company:
E21 holds the exclusive right to manufacture golf products using proprietary E21 Scandium Metal Alloys. Through a sophisticated multi-technology production path, E21 manufactures shafts, drivers, and other clubs with marked improvements in distance, accuracy and feel over competing products. In recent months a number of high profile golf professionals have switched to or begun testing E21's Eagle One shafts. E21 Scandium products are 55% lighter and offer 25% strength to weight advantage over Titanium alloys, the current standard in the golf equipment industry. The advanced dynamics of E21 Alloys and the material economics offer a performance-enhanced alternative to manufacturing driver clubs with Titanium, the largest segment of the annual $5.5 billion U.S. golf equipment marketplace.
E21 recently announced its "Golf Shot Around the World Mission" in celebration of the 35th anniversary of Alan B. Shepard Jr.'s historic Apollo 14 Mission. Just about every single record for distance in the golf industry will be shattered this fall when an astronaut will hit a golf ball into orbit around the earth -- using an E21 golf club. It is only natural that this event takes place on the International Space Station, considering that E21 Alloys are also used on the Space Station in high strength, fatigue resistant applications. E21 Golf -- The Evolution Is Inevitable!
Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties which could cause actual results or events to differ materially from those currently anticipated, including but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting E21 and its business. A number of these risks and uncertainties are described in E21's periodic reports filed with Securities and Exchange Commission. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein, which speak only as of the date hereof. E21 undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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