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SpaceDev Begins Development of its Small Launch Vehicle SpaceDev Streaker<br /><br />Click here to see downloadable versions<br />The SpaceDev Streaker(TM) Hybrid Upper Stage is shown with blue nozzles. (Graphic: Business Wire)<br /><br /> <br />POWAY, Calif.--(BUSINESS WIRE)--April 4, 2005--SpaceDev (OTCBB: SPDV) has signed a lease to expand its fabrication and test facilities and to begin constructing portable, high tech rocket motor test support equipment in anticipation of test firing new rocket motors that SpaceDev is developing for its low-cost expendable small launch vehicle called SpaceDev Streaker(TM).<br /><br />Under an Air Force Research Laboratory contract announced last October, SpaceDev has designed and will begin development of the SpaceDev Streaker(TM) Hybrid Upper Stage rocket motor. This motor is expected to produce approximately 20,000 pounds of thrust, in contrast to the 15,000 pounds of thrust produced by SpaceDev's hybrid rocket motor technology for Paul Allen's SpaceShipOne. In addition, the Company plans to boost overall performance of this upper stage motor using new techniques and refining current techniques that go beyond that of traditional hybrid motors.<br /><br />"This additional SpaceDev facility will also be located in Poway, California. It will add approximately 11,000 square feet of fabrication space in which we will construct rocket motor development equipment that will be highly adaptable and mobile. This equipment is being built on several large flatbed trailers to maximize mobility and system test flexibility," said Jim Benson, founding chairman and Chief Executive Officer. "This new rocket motor test equipment should be applicable to a wide variety of future hybrid rocket motor developments."<br /><br />SpaceDev is planning to construct its rocket motor test stand with the capability of handling up to 250,000 pounds of thrust. The test stand will be designed to support the 20,000 pounds of thrust produced by the Hybrid Upper Stage motor,