Masten Space Systems Successfully Launches Rocket to Qualify for Northrop Grumman Lunar Lander Challenge Presented by X

BAKERSFIELD, CA, Oct 08 (MARKET WIRE) --
Masten Space Systems, led by David Masten, successfully flew its lunar
lander rocket vehicle, XA-0.1B, also called "Xombie" twice in two hours.
Masten is the second of four teams attempting to win a portion of a $2
million incentive prize purse as part of the Northrop Grumman Lunar
Lander Challenge (NGLLC), funded by NASA, and created and presented by
the X PRIZE Foundation.

David Masten, President and CEO, Masten Space Systems, stated, "We're
thrilled to have successfully completed Level 1 of the Northrop Grumman
Lunar Lander Challenge. We're very happy with the performance of the
vehicle and with the landing accuracy score we achieved. Now, we can focus
entirely on our upcoming Level 2 attempt. We're really looking forward to
showing off Xoie in the next three weeks."

These successful flights continue to underscore the report to President
Obama by the Augustine Commission, which called for increased commercial
sector participation both in orbital operations and NASA's efforts to
reach the Moon by 2020.

The Masten team was successful in completing the requirements of Level 1
of the NGLLC. The team has qualified for the second-place prize of
$150,000 (first place went to Armadillo Aerospace at last year's
competition). The rocket launch was their second attempt at a Level 1
challenge as the team made an effort on Sept. 16. Yesterday, the Xombie
vehicle simulated a lunar analog mission, and the team completed two
successful flights, with the rocket rising to 50 meters, translating over
to a second landing pad, and remaining in the air for 91 seconds and 93
seconds respectively. The two flights of Xombie, which weighs about 710
pounds when fully loaded with its isopropyl alcohol (IPA) and liquid
oxygen propellant, took place at the Mojave Air & Space Port in
California, where the Masten team is based.

"Congratulations to Dave Masten and his team on successfully completing
Level 1 of the Northrop Grumman Lunar Lander Challenge," said Dr. Peter H.
Diamandis, Chairman and CEO, X PRIZE Foundation. "What they accomplished
with six people is outstanding. These young entrepreneurial companies are
the future Apple and Dells of the space industry, building the propulsion
that will launch the public into space. They are also the industry cluster
that will give NASA robust future suppliers and capability."

On Oct. 28 and 29, Masten will attempt to complete the requirements for
the Level 2 mission, which would put them in the running for a $1 million
prize purse. Once again they will launch their rocket from the Mojave Air
& Space Port. For Level 2 the Masten team will attempt to complete the
requirements with its rocket XA0.1E, also called "Xoie."

The Level 2 mission of the challenge will require the team to launch its
spacecraft 164 feet in the air for 180 seconds before landing precisely on
a simulated lunar surface with craters and boulders. The minimum flight
times are calculated so that the Level 2 mission simulates trips between
the Moon's surface and lunar orbit. The prize requirements were designed
so that the Level 2 mission closely mimics the requirements and the
difficulty of a real lunar lander mission.

Other entrants in the competition will have the opportunity over the next
month to attempt to win a portion of the prize purse. On Sept. 12,
Armadillo Aerospace, led by id Software founder John Carmack, successfully
completed the requirements for the Level 2 NGLLC prize purse. Armadillo's
flights mean it is certain NASA's Centennial Challenges Program and the X
PRIZE Foundation will be giving away at least $1 million before year's
end. Masten and the other teams have until Oct. 31 to match or exceed
Armadillo's accomplishment.

Two additional competitors for the prize, Unreasonable Rocket and BonNovA
are scheduled to make Lunar Lander Challenge attempts before the closing
of this year's competition window on Oct. 31. These teams are scheduled
to compete for both the Level 1 and Level 2 phases of the competition.
Each level includes both first and second place prizes, with the second
place prize for Level 1 worth $150,000, and the two prizes for Level 2
worth $1 million and $500,000.

For more information about X PRIZE Foundation, please visit
www.xprize.org.

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For More Information:
Tom Dietz
Kirvin Doak Communications
(702) 737-3100
tdietz@kirvindoak.com

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