Orbital Assembly Announces New Equity Offering (Regulation CF) to Advance Hybrid-Gravity™ Space Station Development
HUNTSVILLE…December 6, 2022 — Orbital Assembly (OA), a leader in the race to make Hybrid-Gravity™ space accessible for leisure, commercial and industrial activities has announced a new equity offering (Regulation CF).
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The company continues to seek investment to initiate full scale human factors design in conjunction with NASA Marshall Space Flight Center, to begin construction of the first orbital flight hardware, and pursue protection of the company’s extensive portfolio of intellectual property.
“Orbital Assembly is developing real estate in space to fulfill the dream of sustained, hybrid-gravity space habitation for all on its Pioneer and Voyager class stations,” says Rhonda Stevenson, CEO of Orbital Assembly. “We are focused on becoming one of the world’s most extensive space development companies working together with our world-class hardware vendors and partners. OA has the technology and capabilities to build versatile space structures using commercial off the shelf materials at a significantly lower cost by building in space rather than on earth and transporting into orbit.”
Over the last three years, Orbital Assembly completed schematic design of the Voyager-class™ station and Pioneer-class™ space platforms, and the OASIS™ habitation module. The company has signed agreements with dozens of partners, vendors, and future customers. The company is also pursuing a number of Small Business Administration projects (SBIR) with multiple agencies in the Department of Defense. Orbital Assembly offers consulting services to assist these customers in preparing for use of our orbital assets and fly payload on the first Pioneer-class station, with planned initial operation within 30 months contingent on funding.
The Pioneer-classTM stations are designed to be the world’s first and largest hybrid space stations and the first free-flying, habitable, privately-operated facility in orbit. The station configuration will offer modules with 73,454 cubic feet of space — each twice the size of the International Space Station. OA is in discussions with customers for long term leases of rack space for the first launch of their “station in a box.”
The Pioneer-class Station will be our first free-flying space craft and accommodate up to 54 people. This hybrid-gravity space station, used for commercial operations, is designed for variable artificial gravity operation, providing the opportunity for long term habitation. The Pioneer-class Station is designed to generate revenue in all of the sectors listed above. Based on current customer interest, Orbital Assembly projects the station may be cash flow positive in its first year of operation.
Voyager-class Space Stations feed forward from Pioneer-station architecture and are Orbital Assembly’s flagship product. Voyager is designed to accommodate more than 300 passengers and crew, including tourists, business travelers, astronauts, scientists, and other groups interested in working and living in space. Plans are to offer sustained, near lunar operational artificial gravity, which is similar to the gravitational pull of the moon, as well as microgravity. Near continuous sunlight will provide ample solar electrical power.”
For tourists, we believe we can provide hotel amenities that may include: “space-ous” accommodations; stunning views of the Earth, Moon, and stars, restaurant-quality cuisine; exercise facilities activities and events along with earthlike toilets and showers. OA will also offer medical triage services and emergency evacuation capabilities.
About Orbital Assembly
Orbital Assembly (OA) is a recognized leader in designing, constructing, and operating large-scale, sustained, habitable structures with gravity on-orbit, in cislunar space, and throughout the solar system. OA’s Pioneer-class stations, the first of which is scheduled to be operational in as little as several years, will be the first on-orbit business park with variable artificial gravity (up to ~0.5g) to support the greater health of its occupants, as well as enable novel research and manufacturing processes not possible in a microgravity facility or on Earth. OA plans to lease space on Pioneer-class stations to a mix of private, academic, commercial, research and industrial customers, and offer them a wide range of on-orbit capabilities including manufacturing parts on demand from aluminum, steel, plastics, and possibly other materials. The company will also provide opportunities for space tourism. For more information about Orbital Assembly, please visit www.orbitalassembly.com.
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LEGAL DISCLAIMER
The information set forth in this press release includes statements, estimates, projections with respect to our anticipated future performance and other forward-looking statements, which are subject to risks, uncertainties, and assumptions. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “future” or “continue”, the negative of these terms and other comparable terminology. Such forward-looking statements are based on current plans, estimates and expectations and are made pursuant to the Private Securities Litigation Reform Act of 1995. These statements, estimates and projections are based upon various assumptions that we made concerning our anticipated results and industry trends, which may or may not occur. We are not making any representations as to the accuracy of these statements, estimates or projections. Our actual performance may be materially different from the statements, estimates or projections set forth below. We are under no duty to update any of these forward-looking statements to conform them to actual results or revised expectations.
Investing in Regulation CF offerings involves a high degree of risk. Securities sold through Regulation CF Offerings are typically not publicly traded and, therefore, are less liquid. Additionally, investors will receive restricted stock that is subject to holding period requirements. Companies seeking capital through Regulation CF Offerings tend to be in earlier stages of development and have not yet been fully tested in the public marketplace. Investing in Regulation CF Offerings requires a tolerance for high risk, low liquidity, and a long-term commitment. Investors must be able to afford to lose their entire investment. Such investment products are not FDIC insured, may lose value, and have no bank guarantee.
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