SPACEHAB CHIEF SPEAKS AT U.S. HOUSE OF REPRESENTATIVES
Houston, TX (April 24, 2008) -
SPACEHAB Incorporated, (NASDAQ: SPAB), a provider of commercial space services, today announced that Thomas B. Pickens, III, SPACEHAB Chairman and Chief Executive Officer, served as a key witness today in a hearing with the U.S. House of Representatives Committee on Science and Technology, Subcommittee on Space and Aeronautics, regarding NASA's International Space Station (ISS) Program: Status and Issues.
Pickens provided testimony expounding on the significance of NASA's ISS Program - not just as it applies to a commercial aerospace company - but for its tremendous potential to benefit mankind. Pickens detailed SPACEHAB's 23 years of experience in the processing of cargo and complex science payloads for space and how this knowledge, coupled with the station's near completion status as well as its recent designation as a U.S. National Lab for private use, contribute to the ideal 'time and place' for full ISS utilization. Pickens also reported to the Subcommittee on the Company's progress to date in its new microgravity processing initiatives, much of which is planned for full scale production on the orbiting laboratory.
Other witnesses appearing at the hearing included: William Gerstenmaier, Associate Administrator, Space Operations Mission Directorate, NASA; Ms. Cristina Chaplain, Director, Acquisition and Sourcing Management, Government Accountability Office; Dr. Jeffrey Sutton, Director, National Space Biomedical Research Institute; Dr. Edward Knipling, Administrator, Agricultural Research Service, U.S. Department of Agriculture; Dr. Louis Stodieck, Director, BioServe Space Technologies, Aerospace Engineering Sciences, University of Colorado; and Dr. Cheryl Nickerson, Associate Professor, Center for Infectious Diseases and Vaccinology, The Biodesign Institute, Arizona State University.
Interested parties who would like to read complete witness testimonies presented at the hearing can visit the Committee on Science and Technology website by accessing the following link:
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.
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