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Space Island Group Announces an Agreement with SpaceHab to Design Interiors of Space Station

Posted on Sep 17, 2003

SPACE ISLAND GROUP ANNOUNCES AN AGREEMENT WITH SPACEHAB TO DESIGN LIVING AND WORKING INTERIORS FOR COMMERCIAL MICRO-GRAVITY RESEARCH AND MANUFACTURING SPACE STATIONS

West Covina, CA -- Space Island Group, leading developer of the world's first commercial space stations and space transportation systems, today announced that it has entered into an agreement with SPACEHAB Inc. (NSDAQ/NMS: SPAB), www.spacehab.com to develop a preliminary design study for the habitation, research and manufacturing areas onboard their micro-gravity space stations.

SPACEHAB brings to the Space Island Project almost 20 years of experience in developing space architecture and infrastructure. SPACEHAB has vast experience in developing micro-gravity scientific laboratories and other habitation areas for space vessels and space destinations. With more then $100 million in annual revenues, SPACEHAB Inc. is a leading provider of commercial space services. The company develops, owns, and operates habitat and laboratory modules and cargo carriers aboard NASA’s Space Shuttles. Johnson Engineering subsidiary supports astronaut training and space station configuration management at Johnson Space Center in Houston and builds space-flight trainers and mockups. SPACEHAB’s Astrotech subsidiary provides commercial satellite processing services at facilities in California and Florida. SPACEHAB’s newest strategic growth initiative,

SPACEHAB Huntsville, will provide customer-focused end-to-end service to the space research community at NASA’s Marshall Space Flight Center in Huntsville, Alabama. Additionally, through The Space Store, Space Media provides space merchandise to the public and Space Enthusiasts worldwide www.thespacestore.com

Space Island Group has for the last 5 years developed a comprehensive business plan to create a vast space infrastructure. Bringing together the best technology developed by both NASA and the Aerospace Community over the last 20 years and reaching out to the most recent advances to develop a safe and economical space transportation system and space destinations. Creating numerous destinations where space research, manufacturing and tourism will co-exist at about 500 nautical miles in Low Earth Orbit. These stations will create many new products and advances medicine, electronics and materials that will fundamentally change the way that we live and work here on Earth.