Spacehab, Incorporated (MM) (NASDAQ:SPABD)
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SPACEHAB, Incorporated (NASDAQ:SPABD), a leading provider of commercial
space services, today announced the success of a mid air retrieval
demonstration test performed with applications to its Advanced Research
and Conventional Technology Utilization Spacecraft (ARCTUS) Program. The
Company is releasing video of the successful test on SPACEHAB’s
ARCTUS Program website.
The test, performed by Vertigo Incorporated and United Launch Alliance
(ULA), was designed to demonstrate the feasibility of mid-air capture
for a variety of applications. The mass simulator was carried by
helicopter to an altitude of 5,000 feet and then released under a
parafoil. The helicopter was then able to capture a drag line being
trailed behind the chute, lift the combined mass, collapse the parafoil,
and gently place the simulated spacecraft on the ground. By contrast,
the Russian Soyuz spacecraft makes a relatively hard landing on solid
ground.
The ARCTUS Program will support NASA’s
requirement to fill the International Space Station (ISS) cargo supply
gap between the space shuttle’s planned
retirement in 2010 and the replacement Orion program scheduled to be
operational in 2015. ARCTUS will also provide SPACEHAB with an
additional means of space access in support of the Company’s
previously announced SPACEHAB Microgravity Sciences initiatives which
include returning to Earth valuable and often fragile biotech products
that require the soft landing afforded by the mid air capture retrieval
technique.
“All of the pieces are coming together very
nicely in our pursuit of providing the ideal environment to process
biotech products in microgravity,” said
SPACEHAB, Inc. Chief Executive Officer Thomas B. Pickens, III. “The
mid air capture will ensure that all of the cost and care invested to
send valuable samples to space will result in the maximum yield when
safely returned to Earth,” he said. “We
are very pleased with our working relationship with ULA and look forward
to achieving many successful milestones together to reach the ultimate
goal of flying ARCTUS to low Earth orbit in 2010. This is a very
exciting time for the space industry,” he
concluded.
Video from the mid air retrieval can be accessed at the official ARCTUS
program website, www.arctus-spacecraft.com.
About SPACEHAB, Incorporated
SPACEHAB is a commercial leader and entrepreneurial force in the space
industry providing a full spectrum of products and services to both the
government and private sectors. The Company offers space access and
payload integration services, production of valuable commercial products
in space, spacecraft pre-launch processing facilities and services,
development and extension of space-based products to the consumer
market, and program and engineering support ranging from development and
manufacturing of flight hardware to large scale government project
management.
The statements in this document may contain forward-looking
statements that are made pursuant to the Safe Harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks, trends, and uncertainties that could
cause actual results to be materially different from the forward-looking
statement. These factors include, but are not limited to, continued
government support and funding for key space programs, product
performance and market acceptance of products and services, as well as
other risk factors and business considerations described in the
company's Securities & Exchange Commission filings including the annual
report on Form 10-K. Any forward-looking statements in this document
should be evaluated in light of these important risk factors. The
Company assumes no obligation to update these forward-looking statements.