Thu, Oct 27, 2011
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.
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