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SpaceTek Signs MOU with Excalibur Almaz

SpaceTek Corporation signs Memorandum of Understanding with Excalibur Almaz Limited for future joint venture to operate a private Space Station
    PHOENIX, AZ, July 15, 2014 /24-7PressRelease/ -- SpaceTek Corporation has signed a Memorandum of Understanding with Excalibur Almaz for the operation of its Salyut Space Station under a planned joint venture. Excalibur Almaz currently owns the Salyut Space Station which is housed in the UK along with two Almaz Re-Entry Vehicles.

Stiphan Beher, CEO of SpaceTek is confident that the joint venture will produce significant opportunities in the developing market for private Space Station operations, combining EAL's compliance and technical expertise with SpaceTek's investment and marketing channels. Stiphan Beher stated "this is a major milestone for SpaceTek which has had strong interest from European and Asian investors, and sets us on course to achieve our 2018 launch."

The Salyut Space Station will be capable of accommodating up to seven crew in a volume of 90 cubic meters for periods up to six months and will orbit at 250 miles above Earth and is built by Russian rocketry company NPO Mashinostroyenia (NPOM).

Excalibur Almaz Limited (EA) is an international commercial space transportation company based in the Isle of Man. Its goal is the affordable and reliable transportation of humans and cargo to Low Earth Orbit, the Moon and beyond.

SpaceTek's mission is to progress the opening of space for private enterprise. The firm is developing infrastructure essential to rapidly accelerate the commercial space industry and its applicability to the global marketplace.


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Lira Mun
SpaceTek Incorporated

Phoenix, AZ
USA
Voice: 480-522-9054
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