SpaceDev Technology Powers SpaceShipOne In History Making Flight to Create World's First Private Sector Astronaut: "SpaceDev Technology Powers SpaceShipOne In History Making Flight to Create World's First Private Sector Astronaut
POWAY, Calif. --(Business Wire)-- June 21, 2004 -- SpaceDev's (OTCBB: SPDV) proprietary hybrid rocket motor technology successfully powered SpaceShipOne on its fourth and most important history-making flight to space.

'SpaceDev is pleased to be a part of the Paul Allen/Scaled Composites team in the development of the first private manned space capability,' said founding chairman and CEO, Jim Benson. 'During the development of Scaled's SpaceShipOne, SpaceDev competed for and won the contract that included SpaceDev's hybrid rocket technology and the development and production of critical motor components. Also, we developed the system for casting our proprietary rubber fuel into Scaled's composite motor case.'"