PlanetSpace, Lockheed Martin and ATK Team Up to Bid on NASA COTS

PlanetSpace, a leader in commercializing space and developerof space related technologies, today announced it has submittedits proposal to NASA to flight demonstrate cargo and crewdelivery capability to the ISS in response to NASA's COTSPhase 1 RFP. "We have been working closely with our LockheedMartin, ATK, and BMO team mates over the past 6 months andhave developed an innovative, low risk business plan andtechnical approach that can deliver cargo to the ISS economicallyand has the added benefits of providing low cost launchservices to commercial and NASA customers" said Dr ChirinjeevKathuria, Chairman of PlanetSpace.

The team has been gathered together over the last monthat Lockheed Martin's facilities in Denver Co, putting thefinal details of their proposal together for NASA.

"We and our team mates are very excited about our NASA COTSPhase 1 program offering as it leverages the heritage spacecraft,launch vehicle, and commercial business expertise and capabilitieswithin each company's core competency...We think this isthe type of relationship NASA has been looking for" saidAl Simpson, Director of Advanced Programs for Human SpaceFlight at Lockheed Martin Space System Company.

PlanetSpace is leading the team to develop the cargo andcrew delivery system. BMO Capital Markets ("BMO") is engagedas PlanetSpace's financial advisor for any acquisitionsof the company as well as the placement of any debt andequity securities.

Lockheed Martin Space Systems Company, using it's vast interplanetaryand autonomous spacecraft design, build, system integration,and mission operations experience, is developing the OrbitalTransfer Vehicles for PlanetSpace. "We plan to leverageour flight proven systems and component capabilities atLockheed Martin by integrating them into modular cargo carriersfor PlanetSpace and NASA" according to Simpson.

Also teaming with PlanetSpace is ATK Launch Systems, currentlydeveloping the first stage for NASA's Ares 1 launch vehicleand manufacturer of the Shuttle SRBs. ATK, leads the developmentof the launch vehicle segment and ground processing systemsused for cargo delivery during the COTS Phase 1 demonstrations."We see the strength of our PlanetSpace team as being attributableto shared business objectives in creating a viable, longterm commercial cargo/satellite business...a key objectiveof NASA's COTS program" said Joel Crook Program Director,Advanced Programs at ATK.

PlanetSpace's consortium has also signed teaming agreementswith Space Florida, United Launch Alliance, Wyle Laboratories,Paragon Space, and MEHTA Engineering.

"PlanetSpace recognizes the important steps that NASA hastaken in stimulating the private sector to develop productand services for the space industry. We, here at PlanetSpacehave been at the forefront of the private commercializationof space for many years. Together with our partners we canassure that NASA will have a low cost 100% mission reliablecargo vehicle for supply to the ISS in time for the retiringof the Space Shuttle," said Dr Chirinjeev Kathuria Chairmanof PlanetSpace.

ABOUT PLANETSPACE

PlanetSpace with headquarters in Chicago is part of thenew emerging space commercialization business. Teamed withmajor players in rocket booster and space craft developmentthe company is set to take the lead in the commercializationof space. PlanetSpace is developing a broad spectrum ofcommercial space services that include Cargo and Crew tothe ISS, Point-to-Point Global Travel, Space Tourism, SatelliteOrbital Delivery and Escape Velocity Missions.

ABOUT LOCKHEED MARTIN

Lockheed Martin Space Systems Company, a major operatingunit of Lockheed Martin Corporation, designs, develops,tests, manufactures and operates a full spectrum of advanced-technologysystems for national security, civil and commercial customers.Chief products include human space flight systems; a fullrange of remote sensing, navigation, meteorological andcommunications satellites and instruments; space observatoriesand interplanetary spacecraft; laser radar; fleet ballisticmissiles; and missile defense systems.

Headquartered in Bethesda, Md., Lockheed Martin employsabout 140,000 people worldwide and is principally engagedin the research, design, development, manufacture, integrationand sustainment of advanced technology systems, productsand services. The corporation reported 2006 sales of $39.6billion.

ABOUT ATK

ATK is a leading provider of advanced space systems with$4.1 billion in annual sales, approximately 16,500 employees,and operations in 21 states. The company is the world'sleading supplier of solid rocket motors. ATK expanded intothe aerospace market with the acquisitions of Hercules AerospaceCompany in 1995 and Thiokol Propulsion in 2001, which transformedthe company into the world's largest supplier of solid propellantrocket motors and a leading provider of high-performancecomposite structures. They produce the Solid rocket motorsused on the shuttle and other major US domestic launchers.

ABOUT BMO CAPITAL MARKETS

BMO Capital Markets is a leading, full-service North Americanfinancial services provider offering corporate, institutionaland government clients access to a complete range of productsand services. These include equity and debt underwriting,corporate lending and project financing, merger and acquisitionsadvisory services, merchant banking, securitization, treasuryand market risk management, debt and equity research andinstitutional sales and trading. With over 2,000 professionalsin offices in 26 locations around the world, including 14in North America, BMO Capital Markets works proactivelywith clients to provide innovative and integrated financialsolutions.

BMO Capital Markets is a member of BMO Financial Group (Toronto: - )(NYSE: - ), one of the largest diversified financialservices providers in North America with more than US$336billion in total assets and 35,000 employees as of July31, 2007. For more information, visit .

Due to the competition on the NASA COTS program no furtherannouncements or details will be discussed until after theaward of COTS.