Company Was An Advanced Developer Of Fully Reusable Space Transportation Vehicles

A global webcast bulk auction of the company assets of Rocketplane Kistler is planned for next month. The approval of Debtor’s Motion to engage Heritage Global Partners is currently pending in the United States Bankruptcy Court for the Eastern District of Wisconsin. Following approval, the auction will be staged on Friday, November 11, 2011 from 1000 to 1400 CST via live global webcast as well as live at the Hilton Garden Inn of Green Bay in Green Bay, Wisconsin.

The Rocketplane Kistler auction will provide buyers an opportunity to purchase all capital equipment and patents related to this company, which developed fully reusable space transportation vehicles. Physical assets included are located in seven facilities across the country, along with all rights and related technologies.

“This is a once in a lifetime opportunity for companies all over the world to bid and compete for its intellectual property and physical assets,” said David Barkoff, Director of Sales, Heritage Global Partners. “Rocketplane Kistler’s technology has an extremely valuable and important place in our world.”

Green Bay, Wisconsin-based Rocketplace Kistler was a reusable spacecraft firm which developed the K-1, the first fully reusable aerospace vehicle, designed to deliver payloads to orbit and provide a low-cost alternative to single-use launch vehicles. Rocketplane Kistler, which was awarded a contract of millions of dollars from NASA, planned to service the International Space Station, provide affordable access to space and spur the exploration and implementation of new space ventures. Rocketplane Kistler and its parent company Rocketplane, Inc. filed for Chapter 7 bankruptcy in September 2011.

FMI: www.hgpauction.com