SpaceDev said Wednesday that a team of independent reviewers has concluded that the Near Earth Asteroid Prospector (NEAP) mission design, spacecraft design, and project budget are feasible.

The Project Assessment Team was led by Tony Spear, Mars Pathfinder

Project Manager, who recently retired from NASA's Jet Propulsion

Laboratory (JPL) after thirty years of successful deep space science

missions. The team consisted of Spear's hand picked deep space experts

from various organizations including JPL.

"We commissioned Mr. Spear's study because we believe his team consists

of some of the most respected and accomplished deep-space experts in the

world," said Jim Benson, president and chief executive officer of

SpaceDev.

The team concluded that the NEAP mission conceptual design is sound and

the mission could be flown within $50 million, including launch cost. "We

are pleased with their findings and we intend to use Mr. Spear's report as

a roadmap to complete this mission on time and within our original $50

million estimate announced in September of last year," said Benson.

Spear's team made several specific recommendations for optimizing the NEAP

spacecraft to the Nereus carbonaceous asteroid target, the new NEAP target

selected as a result of the Spear study. Mission recommendations included

possibly adding revenue-producing lunar or near-Earth payloads that could

be accommodated in the early parts of the mission, simplifying the

avionics architecture, and designing a schedule based on Spear's years of

deep space science mission experience.

"Mr. Spear recommended a pre-project phase to initiate detailed project

planning and design, project team forming, and long lead procurements,"

Benson commented. "This pre-project phase would extend from September

1998 to April 1999. At that time a two-year development phase would start,

supporting the planned launch date in April 2001."

One member of the team, Dr. Robert Farquhar of Johns Hopkins University's

Applied Physics Laboratory (APL), recommended fundamental simplifications

to the propulsion system that could result in a more reliable and less

expensive solution. Dr. Farquhar is the Mission Director of APL's Near

Earth Asteroid Rendezvous (NEAR) project. He validated and refined the

mission and trajectory design work that was pioneered by Dr. Alan

Schneider at the University of California, San Diego (UCSD) in the early

design phases of the NEAP mission. Dr. Farquhar's input reduced deep space

cruise time by four months.

Dr. Farquhar and Dr. Donald Yeomans, a senior research scientist at JPL,

first identified Nereus as one of the most scientifically interesting

objects that NEAP could visit. The pair also performed a preliminary

analysis of the possible trajectory available to NEAP to reach Nereus and

concluded that such a mission would need relatively little fuel and little

time. Both features lead to a simpler, smaller spacecraft than was first

anticipated.

"We were truly fortunate to have so many of the world's leading

scientists and engineers provide their expertise to this mission design,

and we fully intend to utilize the advice they have provided us," added

Benson. "Overall, these recommendations, and the choice of Nereus as the

'quintessential' target asteroid have allowed us to simplify and

miniaturize the spacecraft, which we believe leads to a less expensive and

even more feasible mission. As an example, the smaller NEAP spacecraft now

being designed for Nereus can be launched by a much wider variety of

commercially available rockets, giving us greater flexibility in selecting

a low-cost launch provider."

The new NEAP orbits could include close lunar swing-bys that could serve

as excellent practice runs for operations at Nereus. The company plans to

calculate as many lunar swing-bys as possible for the nine months

available, including half-month "backflips" and double-lunar swing-by

orbits similar to those used by the ISEE-3 spacecraft in 1983. Some of the

swing-bys will be designed to fly as close to the moon as is safely

possible, and perhaps fly low over polar craters where lunar water is

believed to exist. It is intended that the injection from the parking

orbit will be directed into a high- altitude "phasing" orbit whose

apogee would be only slightly beyond the moon's orbit.

SpaceDev, the world's first commercial space exploration and development

company, intends to launch the first privately financed spacecraft to land

on another planetary body. SpaceDev is selling rides for scientific

instruments to governments and companies to transport their instruments

and experiments through deep space to a near Earth asteroid. SpaceDev

intends to sell the data acquired by its instruments as commercial

products. Colorado-based SpaceDev has offices in San Diego, CA and

Washington, DC.

FYI

The foregoing press release includes numerous forward-looking statements

concerning the company's business and future prospects and other similar

statements that do not concern matters of historical fact. The federal

securities laws provide a limited "safe harbor" for certain

forward-looking statements. Forward-looking statements in this press

release relating to product development, business prospects and

development of a commercial market for technological advances are based on

the company's current expectations. The company's current expectations are

subject to all of the uncertainties and risks customarily associated with

new business ventures including, but not limited to, market conditions,

successful product development and acceptance, competition and overall

economic conditions, as well as the risk of adverse regulatory actions.

The company's actual results may differ materially from current

expectations. Readers are cautioned not to put undue reliance on

forward-looking statements. The company disclaims any intent or obligation

to update publicly these forward-looking statements, whether as a result

of new information, future events or for any other reason.

SpaceDev

NASA Space Science News report on Near Earth Asteroids