"POWAY, Calif.--(BUSINESS WIRE)--Feb. 28, 2005--Jim Benson, founding Chairman and Chief Executive Officer of SpaceDev (OTCBB:SPDV - News), was presented with the "Outstanding Engineering Project Award" by the San Diego County Engineering Council in conjunction with National Engineers Week San Diego 2005, for the Company's hybrid rocket motor technology and its contribution to SpaceShipOne's historic sub-orbital flight and Ansari X-prize victory.
On the heels of this sub-orbital success, SpaceDev is actively applying its proprietary hybrid rocket motor technology to various other uses and projects, such as the Aussie Invader rocket powered car and a family of small launch vehicles, which SpaceDev calls the SpaceDev Streaker(TM). SpaceDev's hybrid rocket motor may become the new standard for the commercial space industry. "
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