AeroAstro acquires SRC

ASHBURN, Va., 15 August 2006. AeroAstro Inc., a microsatellite technology and communications pioneer, has acquired the majority of the assets of Signal Research Corporation (SRC), a Colorado-based provider of intelligence and space solutions. The acquisition extends AeroAstro's capabilities into space-based payloads, radios, communications, signal detection, and space systems.

ASHBURN, Va., 15 August 2006. AeroAstro Inc., a microsatellite technology and communications pioneer, has acquired the majority of the assets of Signal Research Corporation (SRC), a Colorado-based provider of intelligence and space solutions. The acquisition extends AeroAstro's capabilities into space-based payloads, radios, communications, signal detection, and space systems.

As part of the acquisition, Craig Gravelle, ASRC's founder and chief operating officer, will join AeroAstro as vice president of Business Development. As a member of AeroAstro's upper management team, Gravelle's primary responsibilities are to generate new business, form strategic partnerships, develop new customers, and support AeroAstro's continued growth strategy, in addition to overall corporate management.

AeroAstro, Inc. is a maker of micro- and nanosatellite systems, components, and advanced communications technologies. Complete microspace systems and services include mission studies, technical training, systems engineering, electronics, orbit transfer services, ground stations, and space communications.

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