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SPACEHAB, INC. AWARDED NEW MISSION BY NASA Use of SPACEHAB, Inc. Module on New Re-supply Mission to the International Space Station Valued at Nearly $18 Million Vienna, VA, December 1, 1998 — SPACEHAB, Inc. (Nasdaq: SPAB) announced today that NASA has exercised its option under an existing contract for the use of a SPACEHAB Module on a new Space Shuttle Mission to the International Space Station (ISS) in August 1999. The option, part of the Company's Research and Logistics Mission Support (REALMS) contract with NASA, is estimated to generate about $18 million or more in new revenues for SPACEHAB, the leading commercial services company supporting manned and unmanned space missions. The new mission, STS-101, will feature SPACEHAB’s Logistics Double Module and may require use of the Company's new Integrated Cargo Carrier (ICC), an externally mounted pallet that uses previously under-utilized space in the Shuttle cargo bay to transport as much as 3,000 pounds of unpressurized cargo. The REALMS contract, signed by NASA and SPACEHAB in December 1997, included two Shuttle-based research flights, one ISS re-supply flight and one option. The first REALMS mission was launched on October 29, 1998, when Senator John Glenn made his historic return voyage to space, using SPACEHAB’s Research Single Module to conduct life sciences and international microgravity experiments. Other SPACEHAB missions under the REALMS contract include the first ISS re-supply mission in May 1999, STS-96, and a mid- to late-2000 Shuttle research mission, STS-107, premiering SPACEHAB’s Research Double Module. SPACEHAB President David A. Rossi described NASA’s exercise of the REALMS option as indicative of the Company's expanding space services capabilities. "Like STS-96, this new SPACEHAB logistics mission is a logical extension of SPACEHAB’s re-supply role for NASA from the joint U.S.-Russian Mir missions to its more ambitious successor, the ISS," Rossi said. SPACEHAB, Inc., with its Johnson Engineering and Astrotech subsidiaries, is the world's leading provider of commercial payload processing services for manned and unmanned payloads. SPACEHAB is the first company to commercially develop, own and operate habitable modules that provide laboratory facilities and logistics re-supply aboard NASA’s Space Shuttles. The Company also supports NASA astronaut training at Johnson Space Center, Houston. For Immediate Release |