MEDIA ADVISORY
SPACEHAB CONTINUES EXCELLENT PERFORMANCE ON NASA CONTRACT
Team Receives Top Scoring for Support to International Space Station Program
Houston, Texas, May 29, 2007 - SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, announced today that NASA's Performance Evaluation Board (PEB) granted a 99% award fee evaluation score on the Program Integration and Control (PI&C) contract team for support and services provided during the period of October 2006 through March 2007.
SPACEHAB began work on the International Space Station PI&C contract in November 2003 as a subcontractor to the ARES Corporation. Specifically, SPACEHAB provides configuration and data management services, supporting the final acceptance of space station hardware and software for NASA and the sixteen international partners. The areas in which the Evaluation Board noted outstanding performance included cost control, technical management, and customer satisfaction. The PEB cited numerous strengths in the report including "The contractor demonstrated outstanding cost management... numerous technical capabilities by providing efficiencies and process improvements... outstanding technical leadership... and continues to demonstrate dynamic initiative and tenacity." No weaknesses were identified in the report.
"This score reflects the strength of the SPACEHAB, ARES, Booz Allen Hamilton and MRE teams," stated Rick Fitts Vice President, SPACEHAB Government Services. "It is the sixth time the PI&C team has scored 91 percent or higher, including a rarely awarded perfect 100% score during a past award fee period. SPACEHAB's strong history of performance under this contract, and continued exemplary scores, further demonstrates our ability to provide exceptional services NASA, other government, and commercial customers."About SPACEHAB, Incorporated
Incorporated in 1984, SPACEHAB (www.spacehab.com) is a leading provider of commercial space products and services to NASA, international space agencies, Department of Defense, and private customers worldwide. The Company offers end-to-end space access solutions, space systems development, mission integration and pre-launch processing facilities and services, and large-scale government program support services.
The statements in this document may contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, continued government support and funding for key space programs, product performance and market acceptance of products and services, as well as other risk factors and business considerations described in the company's Securities & Exchange Commission filings including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. The Company assumes no obligation to update these forward-looking statements.
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Eva-Marie deCardenas |