24.04.2008 17:00:00
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SPACEHAB Chief Speaks at U.S. House of Representatives Subcommittee on Science and Aeronautics Hearing
SPACEHAB Inc. (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:
http://science.house.gov/publications/hearings_markups_details.asp
x?NewsID=2162 (Due to its length, this URL may need to be
copied/pasted into your Internet browser's address field. Remove the
extra space if one exists.)
About SPACEHAB, Incorporated
SPACEHAB is a commercial 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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