MEDIA ADVISORY - August 4, 2004

SPACEHAB PRIMED TO PURSUE NEW OPPORTUNITIES

With a renewed spirit of discovery and exploration sweeping the nation, the aerospace industry is burgeoning with new possibilities and opportunities. SPACEHAB, a Webster-based commercial aerospace company, has recently reinforced its internal capabilities in an effort to accommodate the White House's new mandates for surmounting the "next frontier".

Most recently, SPACEHAB has successfully completed the transition of the company's systems integration and operations from its Boeing subcontractor to an in-house capability. SPACEHAB personnel now perform mission integration, hardware development, and sustaining engineering required to support the flight of its laboratory and cargo modules on the space shuttle. Today, the company is fully operational in these evolved capabilities as it is currently supporting four of the next six space shuttle missions. This move reduces costs, increases flexibility in responding quickly to NASA requirements, and builds upon existing SPACEHAB abilities needed to support future logistics and research missions to the International Space Station. This action also provides the company a more comprehensive team, further suited to pursue new commercial opportunities outlined in the Nation's Space Vision.

In addition to expanding SPACEHAB's internal core competencies, the company has promoted three key personnel and hired NASA and JSC veteran Systems Division Chief, Richard Fitts, who will be bringing a wealth of systems and exploration expertise to SPACEHAB's team. Kimberly Campbell now assumes the role of Vice President, Corporate Marketing and Communications, spearheading the Company's marketing, media and public relations efforts, as well as its investor relations initiatives. Bryan Leger has also been promoted to Vice President, leading corporate finance while continuing to manage SPACEHAB's contracts department. And Nicholas Morgan now holds the position of Vice President and Controller, where he oversees the Company's accounting needs.

Growth and accomplishment are no small feat in today's unpredictable economy. However, SPACEHAB has seized the opportunity that the renewed sentiments for space exploration have presented, and is poised to expand and pursue relevant business opportunities.

Photo Caption: Newly promoted SPACEHAB Vice Presidents: Kimberly Campbell, Marketing and Communications, Brian Leger, Finance and Contracts and Nicholas Morgan, Controller

FOR MORE INFORMATION:
Kimberly Campbell,
Vice President,
Marketing and Communications, SPACEHAB

ph. 713.558.5049
fax 713.558.5960
campbell@spacehab.com

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