Calabasas, CA and Albuquerque, NM (June 5, 2013)…National Technical Systems, Inc. (NASDAQ: NTSC) (NTS), a leading provider of testing and engineering services, announced today that it has signed a contract with Hawaii Space Flight Laboratory (HSFL) to design, build and test a rocket and satellite launching system called the Super Strypi Launcher. HSFL is affiliated with the University of Hawai‘i at Mānoa and its School of Ocean and Earth Science and Technology (SOEST) and College of Engineering. The project manager is the Air Force’s Operationally Responsive Space Office or ORS located at Kirtland Air Force Base, New Mexico. This effort supports the ORS-4 mission demonstrating a new, low-cost small launch capability that will deliver 300 kilogram satellites to Low-Earth Orbit.
The contract, currently valued at more than $500,000, includes the precision fabrication of a rail system and structural steel boom for the launching system. NTS will then design and conduct a series of tests to analyze the strength and mobility of the launcher as well as the proper functioning of its rail slides and its electronic control system before shipping the entire launching system to Kaua‘i.
The HSFL project is part of the University of Hawai‘i’s effort to accelerate the validation of new space technologies while providing workforce training for its students in all aspects of unmanned space missions. HSFL is dedicated to developing, launching and operating small spacecraft from the Hawaiian Islands.
“We chose NTS because of its broad mix of technical capabilities and its proven level of success in engineering and testing similar structural systems,” said HSFL Director Luke Flynn. “At the same time, part of our mission is to promote synergistic collaborations between educational and corporate institutions interested in space exploration. This is a very important commercial project, but it’s also an opportunity for students to be involved in satellite design, rocket payload design and other related topics. For us, this is a teaching moment as well as a commercial activity.”
University of Hawai‘i President M.R.C. Greenwood said, “Hawai‘i is located in a unique position to become a low-cost gateway to space. The University of Hawai‘i is one of the only universities in the world to have both satellite fabrication capabilities and unique, direct access to orbital space.”
NTS expects to complete the launching system project by mid-summer prior to its deployment to the U.S. Navy’s Pacific Missile Range Facility.
"The ORS Office has a mission to accelerate delivering space capabilities to our nation's warfighters. The Super Strypi launch system being demonstrated in Hawai‘i will expand launch opportunities for low cost satellite launches," said NTS President and CEO William McGinnis. "Our job is to build the launcher, exercise it to be sure it works and document our entire effort. This is another prime example of our engineering and testing capabilities as they relate to the aviation industry and we are excited to be involved in such a high-profile, important project."
About NTS Albuquerque
NTS Albuquerque is the center for NTS Engineering Services and provides the organization’s largest engineering services capability with mechanical, electrical, software, structural, and systems engineers as well as experienced program managers. NTS Albuquerque provides access to a wide variety of knowledgeable engineering and manufacturing resources with expertise in requirements analysis and definition, preliminary design, system architecture development, analysis, risk analysis and mitigation, detailed design, fabrication, integration, and functional prove-out with application to a wide variety of both government and commercial customers.
About National Technical Systems
National Technical Systems, Inc. is a leading provider of engineering services to the aerospace, defense, telecommunications, automotive and high technology markets. Through a world-wide network of resources, NTS provides full product life-cycle support, offering world class design engineering, compliance, testing, certification, quality registration and program management. For additional information about NTS, visit the Company’s website at www.nts.com or call 800-270-2516.
The statements in this press release that relate to future plans, events or performance, are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for services and products, development of markets for the companies’ services and products and other risks identified in the companies’ SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The companies undertake no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding National Technical Systems' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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