Monday, November 12, 2007

SPDV News Alert

Former Astronaut to Lead SpaceDev Engineering

Wednesday November 7, 7:06 pm ET

Jim Voss, NASA Veteran of 5 Space Flights, Appointed as Vice President of Engineering

POWAY, CA--(MARKET WIRE)--Nov 7, 2007 -- SpaceDev (OTC BB: SPDV.OB) announced today that James S. Voss has joined the Company as Vice President of Engineering. Mr. Voss will direct SpaceDev's engineering teams and also have an active role with direct client interaction, product design and reviews and the continuing development of SpaceDev engineering and quality processes.

"Jim has an extraordinary breadth of experience in engineering, business, the military, education and the space program," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "We are fortunate to have an individual of his caliber join our team."Mr. Voss began his career in the U.S. Army where he rose to the rank of Colonel. He is a graduate from the Army Airborne and Ranger schools and served as a company commander. After this experience, Mr. Voss taught aerospace and mechanics at the U.S. Military Academy at West Point. He then attended, and was a distinguished graduate of, the US Naval Test Pilot School and the Armed Forces Staff College before moving into Aviation Engineering as a Program Development Coordinator, where he helped lead several major flight programs.

Mr. Voss is a former NASA astronaut with 19 years of operational spaceflight experience including five space flights on the Space Shuttle including a long duration expedition to the International Space Station (ISS). He has logged more than 200 days in space and over 22 hours of spacewalk (EVA) time. He has a broad training in multiple spacecraft as a flight engineer on the Space Shuttle, the Russian Soyuz, and ISS. His NASA management experience included serving as a Payload Commander and as Deputy for Flight Operations in the Space Station Program Mission Integration and Operations Office.

After leaving NASA, Mr. Voss was Associate Dean of Engineering at Auburn University and taught human spacecraft design. More recently he has been involved as a corporate executive in the emerging space industry including being VP for Space Exploration Systems for Transformational Space Corporation. Mr. Voss received his Bachelor of Science, Master's and honorary Doctorate degrees in aerospace engineering from Auburn and the University of Colorado and has remained active in teaching at both schools.

About SpaceDev

SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. For more information, visit www.spacedev.com.

For Further Information, Contact:

RedChip Companies, Inc.

541 S. Orlando Avenue, Suite 206, Orlando, FL 32751, (800) 733-2447,

Fax: (407) 644-0758, info@redchip.com

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