September 2004 (Newstream) -- SpaceDev (OTCBB:SPDV) has begun designing a reuseable, piloted, sub-orbital space ship that could be scaled up to safely and economically transport passengers to and from low earth orbit, including the International Space Station. The name of the vehicle is the "SpaceDev Dream Chaserâ„¢."

SpaceDev Begins Work on "Dream Chaser" Space Vehicle

Unlike the more complex SpaceShipOne, for which SpaceDev provides critical proprietary hybrid rocket motor propulsion technologies, the SpaceDev Dream Chaserâ„¢ would be crewed and take-off vertically, like most launch vehicles, and will glide back for a normal horizontal runway landing.

"This project is one small step for SpaceDev, but could evolve into one giant leap for affordable, commercial human space flight," said Jim Benson. "I have been waiting for almost fifty years for commercial space flight, and have concluded that SpaceDev, through our unbroken string of successful space technology developments, now has the technical capability and know-how, along with our partners, and when fully funded, to quickly develop a safe and affordable human space flight program, beginning with sub-orbital flights in the near future, and building up to reliable orbital public space transportation hopefully by the end of this decade."

"I am delighted that we will be working with SpaceDev to help meet the goals of The Vision for Space Exploration," said G. Scott Hubbard, director of NASA Ames Research Center, located in California's Silicon Valley. "Near-term, low-cost, crewed and uncrewed routine space access is a key for realizing the nation's Exploration Vision. I look forward to a long and fruitful partnership with SpaceDev to explore the technologies for a new class of exciting launch vehicles for future space exploration."

The sub-orbital SpaceDev Dream Chaserâ„¢ is derived from an existing X-Plane concept and will have an altitude goal of approximately 160 km (about 100 miles) and will be powered by a single, high performance hybrid rocket motor, under parallel development by SpaceDev for the SpaceDev Streakerâ„¢, a family of small, expendable launch vehicles, designed to affordably deliver small satellites to low earth orbit. The SpaceDev Dream Chaserâ„¢ will use motor technology being developed for the SpaceDev Streakerâ„¢ booster stage, the most powerful motor in the Streaker family. The SpaceDev Dream Chaserâ„¢ motor will produce approximately 100,000 pounds of thrust, about six times the thrust of the SpaceShipOne motor, but less than one-half the thrust of the 250,000 pounds of thrust produced by hybrid rocket motors developed several years ago by the American Rocket Company (AMROC).

SpaceDev's non-explosive hybrid rocket motors use synthetic rubber as the fuel, and nitrous oxide for the oxidizer to make the rubber burn. Traditional rocket motors use two liquids, or a solid propellant that combines the fuel and oxidizer, but both types of rocket motors are explosive, and all solid motors produce copious quantities of toxic exhaust. SpaceDev's hybrid rocket motors are non-toxic and do not detonate like solid or liquid rocket motors.

About SpaceDev

SpaceDev (OTCBB: SPDV) creates and sells affordable and innovative space products and solutions to government and commercial enterprises. SpaceDev's innovations include the design, manufacture, marketing and operation of sophisticated micro- and nano- satellites, hybrid rocket-based orbital Maneuvering and orbital Transfer Vehicles as well as sub-orbital and orbital hybrid rocket-based propulsion systems for safe human space flight. Upon founding SpaceDev in 1997, Jim Benson started the trend of successful computer entrepreneurs moving into the space development arena. For more information, visit www.spacedev.com.

About NASA/Ames

Ames Research Center, one of ten field installations of the National Aeronautics and Space Administration, is located in the heart of California's Silicon Valley at the core of the research cluster of high-tech companies, universities and laboratories that define the region's character. Ames plays a critical role in virtually all NASA missions in support of America's space and aeronautics programs. Ames conducts critical R&D and develops enabling technologies that make NASA missions possible. In addition, Ames works collaboratively with the FAA, conducting research in air traffic management to make safer, cheaper and more efficient air travel a reality. Ames engages in information and education outreach, forms collaborative partnerships, and fosters commercial application of NASA technologies.

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