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Millennium Space Systems Launches First Round of Commercial Bootstrap(TM) Initiative

Companies mentioned in this article: Millennium Space Systems

EL SEGUNDO, Calif., Aug. 4, 2014 /PRNewswire/ -- Millennium Space Systems, a leader in development of affordable high-performance spacecraft, today unveiled the first round of its commercial Bootstrap(TM) initiative. Under Bootstrap(TM), Millennium will competitively select partners for an initial OEM production run of six ALTAIR(TM) spacecraft. Selected partners will see their missions launched within a year at a fraction of the cost of traditional programs. Bootstrap(TM) offers a streamlined and straightforward acquisition package to help entrepreneurs launch space businesses, leveraging over a decade of Millennium's experience developing space systems for demanding DOD, Intelligence Community, and Civil Space customers.

Photo - http://photos.prnewswire.com/prnh/20140801/132687

Millennium is already preparing the initial production of six ALTAIR(TM)-E1 spacecraft, eliminating long-lead procurement and manufacturing roadblocks. Other elements offered to Bootstrap(TM) partners include turn-key payloads, ground segments, mission planning & operations, launch, and even collaborative office or manufacturing space.

Vince Deno, President of Millennium Space commented, "Bootstrap(TM) helps you launch your space business by radically lowering the barriers to entry, allowing Venture Capital or Angel backed entrepreneurs to bring new space-based services to market quickly. Commercial and Government space leaders are strongly advocating for privatized space services, and Bootstrap(TM) allows constellations to be delivered rapidly and affordably. We will deliver constellations in orbit for between $1M and $5M per satellite in under a year." Dr. Jeffrey Ward, Vice President of Product Development added, "For missions demanding more power, volume and precision than CubeSats deliver, ALTAR(TM) is the ideal solution. We are ready with all of the proven technology, infrastructure, resources and facilities necessary to 'bootstrap' entrepreneurs and address emergent customer needs."

The company is soliciting one-page proposals demonstrating technical maturity and financial commitment from prospective Bootstrap(TM) partners. For further information, see www.millennium-space.com/bootstrap

About Millennium Space Systems
Millennium Space Systems is a privately held, employee-owned company founded in November 2001, providing alternative and relevant solutions to today's aerospace challenges. The company designs flight systems and develops mission and system solutions for the Intelligence Community, Department of Defense and National Aeronautics & Space Administration. For more information, visit www.millennium-space.com.

Media Contact:
Jason Kim, Director of Strategic Planning
Email -- Phone: 310.683.5884

SOURCE Millennium Space Systems