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Tue, Nov 11, 2003

XCOR Passes Regulatory Milestone

Submits First “Sufficiently Complete” RLV Launch License Application

XCOR Aerospace announced has been informed by the FAA’s Associate Administrator for Commercial Space Transportation (AST) that its application for a commercial space launch license has been deemed “sufficiently complete.” This significant regulatory milestone means that AST has committed itself either to issue a launch license to XCOR within 180 days or notify Congress that it failed to do so.

“We still have work to do, but this a major step toward being issued a launch license,” said XCOR’s Randall Clague. “It shows that the process AST has put in place is achievable even for a small company like ours.”

XCOR Aerospace has submitted a launch license application for an intermediate technology demonstration vehicle. The launch licensing process includes a safety evaluation, a policy review to ensure the proposed launch does not violate international treaties or jeopardize U.S. national security or foreign policy interests, an environmental review, a financial responsibility determination, and a payload review.

XCOR Aerospace is a California corporation located in Mojave, California. The company is in the business of developing and producing safe, reliable, and reusable rocket engines and rocket powered vehicles.

FMI: www.xcor.com

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