Press Release

eSpace Provides 2nd Round of Funding

Boulder, CO – January 13th, 2011 – Next Giant Leap LLC (NGL) announced that it has received a second round of funding from eSpace: The Center for Space Entrepreneurship (eSpace).  NGL was initially selected for the eSpace incubator program last April.  Based upon NGL's continuing progress, including their recent NASA Innovative Lunar Data Demonstrations contract award, the eSpace board approved a second round of funding.  "This early stage funding was critical for NGL", said Michael Joyce - NGL founder and President, "eSpace's continuing confidence, demonstrated by this second round of funding, validates our ongoing effort and we are extremely pleased with the partnership." Diane Dimeff - eSpace Executive Director stated, "The exciting work being done at Next Giant promises to be a real game changer as commercial space companies continue to expand their offerings to both private and government clients." NGL anticipates further announcements regarding new partnerships, sponsors and investors during the first quarter of 2011.

ABOUT NEXT GIANT LEAP

Next Giant Leap is a team of aerospace engineers partnered with leading aerospace to provide commercial access to the moon. The team is designing an integrated system for taking small payloads to the moon commercially, including launch vehicle, spacecraft and lander. They are leading contenders in the Google X-Prize, a $30M contest challenging space entrepreneurs to land a spacraft on the moon, maneuver, and send back data.  The team's lead systems integrator is Sierra Nevada Corporation, known for its innovation in small spacecraft.  Leading the difficult task of final descent and safe landing on the lunar surface is Draper Laboratory.  Draper has been involved in space guidance navigation and control since the earliest days of the space program. Massachusetts Institute of Technology (MIT), the leading engineering institution in the United States, is Next Giant Leap's key academic partner.  For more information on Next Giant Leap LLC, please visit www.nextgiantleap.com

ABOUT ESPACE

eSpace: The Center for Space Entrepreneurship is a 501(c)3 non-profit organization. eSpace is dedicated to creating new entrepreneurial space companies, commercializing aerospace technologies created within these companies and developing a passionate aerospace workforce to support these companies. For more information on eSpace, please visit http://espacecenter.org

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