SPACEHAB Press Release
HOUSTON–(BUSINESS WIRE)–SPACEHAB, Incorporated (NASDAQ:SPAB), a provider of commercial space services, today issued a statement from SPACEHAB Chairman and Chief Executive Officer, Thomas B. Pickens, III, regarding NASA’s Commercial Orbital Transportation Services (COTS) announcement on February 19, 2008.
“While we are disappointed that SPACEHAB was not selected as a winner of the COTS competition, we want to be certain to convey to our stockholders that the Company has been aggressively pursuing other valuable opportunities including growing our profitable Astrotech subsidiary, primarily through our expanded long term relationship with the U.S. Government Office of Space Launch and our announced end-to-end ALLSAT satellite service system. Also, by design, most of the costs and advanced engineering that were invested in the COTS ARCTUS Program are also being applied to advance our ALLSAT satellite system.
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