In 2003, NASA launched its standalone high performance Internet-based CHIPSat
40 kg microsat, designed and produced by SpaceDev for UC Berkeley and funded by NASA.
SpaceDev designed CHIPSat for a one-year science mission and an eighteen-month satellite life, both now significantly exceeded.
SpaceDev's new and upcoming high precision microsats for the Missile Defense Agency (MDA) expand on and improve proprietary SpaceDev-developed CHIPSat technology that permits SpaceDev satellites to be controlled from anywhere in the world from a laptop computer.
The lunar mission to advance human understanding of stars and galaxies will be designed with the same approach as SpaceDev's highly successful CHIPSat
science microsatellite for the University of California at Berkeley/NASA University Explorer program.
SpaceDev recently completed the launch and successful operation of CHIPSat
, NASA's smallest and least expensive, high performance, earth orbiting science satellite.
We believe that CHIPSat
is the world's first orbiting Internet node, and the world's first satellite whose mission control and operations center is merely a laptop computer, located anywhere in the world," said Mr.
We started the year with the launch of our sophisticated CHIPSat microsatellite, the world's first orbiting Internet node, into low earth orbit on January 12, 2003.
The increase in the net loss was primarily due to losses in the first and second quarters, which were spurred by reductions in revenues due to the substantial completion of CHIPSat, delays in starting projects, non-cash expenses in connection with the Company's revolving credit facility and convertible debt program and additional R&D expenses.
This award is the result of working collaboratively with the MDA team for two years, and our successful and revolutionary Internet-based CHIPSat
microsatellite launched in January 2003.
This project compliments our previously announced space tug project, and is a great follow-on for our successful CHIPSat
microsatellite and our other current project that is designing a cluster of three formation flying small satellites for national missile defense.
In addition to incorporating its miniature high performance CHIPSat
flight computer and Internet-based mission operation and control software, the study is examining the use of SpaceDev's clean, safe hybrid rocket motor technology developed with government contracts and for the historic SpaceShipOne project.