VIRGIN GALACTIC ROCKET MOTOR MILESTONE

Progress Update on Test Flight Program of World’s First Commercial Spaceline

May 23, 2014 MOJAVE, Calif. - Virgin Galactic, the world’s first commercial spaceline which is owned by Sir Richard Branson’s Virgin Group and Abu Dhabi’s aabar Investments PJS, has selected a polyamide-based fuel grain to power its hybrid rocket motor for the remainder of the test flight program and start of commercial operations. This decision follows numerous ground test firings and is supported by data collected over an extensive development program.

In 2008, Scaled Composites, Virgin Galactic’s primary contractor, appointed rocket propulsion specialist, Sierra Nevada Corporation (SNC) to develop the basic hybrid rocket motor design for SpaceShipTwo. As a part of the program, Virgin Galactic has been developing two variants of this motor using two types of solid fuel grain: HTPB, a type of rubber (the fuel used in the SpaceShipOne rocket motor) and polyamide, a category of benign thermoplastic using Scaled engineering. Both fuel grains were designed to be interchangeable with the hybrid motor, and both have been tested extensively.

Virgin Galactic has now determined it will use the polyamide version for its space flights. Both industrial partners will continue to support the motor program as the company progresses toward commercial service.

“Of the numerous challenges Virgin Galactic has faced and overcome in our unprecedented mission to create the world’s first spaceline, the greatest engineering challenge has been to develop the world’s largest operational hybrid rocket motor to power SpaceShipTwo and its occupants safely, regularly and efficiently to space,” said Virgin Galactic CEO George Whitesides. “It is a great credit to the work of our partners Scaled and SNC that we have completed this important milestone.”

Craig Curran of Galactic Experiences By DePrez is part of a small group hand-selected by Virgin Galactic to sell suborbital space tickets. He is your dedicated Virgin Galactic Accredited Space Agent in Central and Western NY, Ohio, Ontario, Canada and Western Pennsylvania.

About Craig Curran
President of the DePrez Group Of Travel Companies, Craig has been a travel agent for the past 30 years. He has traveled the globe and directed the growth of the DePrez Group into one of the most diverse and successful independent travel management firms in the United States. Mr. Curran is on the board of VisitRochester, the convention and visitors bureau for Rochester, NY. He also serves on the Hillside Family of Agencies Board of Governors and resides in Pittsford, NY. Mr. Curran has long been fascinated with space and space travel. He has flown light jets, skydived and is an avid scuba diver.

About Galactic Experiences by DePrez
Galactic Experiences by DePrez is a member of the DePrez Group Of Travel Companies and is the largest independent travel management firm in central and western NY. Founded in 1929 the group provides extensive and diverse travel services, including cruise sales of Just Cruises, Inc. a top 50 cruise-only agency in N.A.), meeting and conventions planning to fortune 100 companies and large associations, corporate travel management, and luxury travel leisure sales through Whitaker & DePrez Travel Partners LLC.

About Virgin Galactic Virgin Galactic, owned by Sir Richard Branson’s Virgin Group and aabar Investments PJS, is on track to be the world’s first commercial spaceline. To date, the company has accepted nearly $80 million in deposits from approximately 630 individuals, which is approximately 10% more than the total number of people who have ever gone to space. The new spaceship (SpaceShipTwo, VSS Enterprise) and carrier craft (WhiteKnightTwo, VMS Eve) have both been developed for Virgin Galactic’s vehicle fleet by Mojave-based Scaled Composites. Founded by Burt Rutan, Scaled developed SpaceShipOne, which in 2004 claimed the $10 million Ansari X Prize as the world’s first privately developed manned spacecraft. Virgin Galactic’s new vehicles, which will be manufactured by The Spaceship Company in Mojave, Calif., share much of the same basic design, but are being built to carry six customers, or the equivalent scientific research payload, on suborbital space flights. The vehicles will allow an out-of-the-seat, zero-gravity experience with astounding views of the planet from the black sky of space for tourist astronauts and a unique microgravity platform for researchers. The VSS Enterprise and VMS Eve test flight program is well under way, leading to Virgin Galactic commercial operations, which will be based at Spaceport America in New Mexico.

About aabar Investments PJS Headquartered in Abu Dhabi, United Arab Emirates, aabar Investments PJS (aabar) invests in various sectors including infrastructure, aviation, real estate, automotive, commodities, energy and financial services. International Petroleum Investment Company (IPIC) acquired a stake in aabar in 2008 and has progressively increased its stake to over 95% since then. Following IPIC’s initial investment, aabar has made numerous investments including stakes in Falcon Private Bank Ltd., UniCredit S.p.A., RHB Bank Malaysia, Galactic Ventures LLC (Virgin Galactic), XOJET Inc., Glencore Xstrata plc., Arabtec Construction PJSC and a portfolio of real estate projects. IPIC, established in 1984 and wholly owned by the Government of the Emirate of Abu Dhabi, invests globally in energy and energy related sectors and undertakes strategic projects on behalf of the Government of the Emirate of Abu Dhabi. IPIC’s portfolio currently consists of over 15 investments throughout the hydrocarbon value chain spanning five continents. Specific investments include: Compañía Española de Petróleos (CEPSA), NOVA Chemicals Corporation (NOVA), Borealis AG (Borealis) aabar.

For More Information Please Contact:

CRAIG CURRAN , ASA
Galactic Experiences By DePrez, DePrez Travel Bureau, Inc.
585-442-8900 X224