LOS ANGELES--(BUSINESS WIRE)--Dec 8, 2015--Moon Express, Inc. has received official verification today of their launch contract from XPRIZE as part of the $30M Google Lunar XPRIZE, a global competition for privately funded teams to land an unmanned spacecraft on the surface of the moon by December 31, 2017. Moon Express will use a Rocket Lab Electron rocket combined with the company's "MX-1E" micro-lander as part of a 2017 mission.
"We are extremely proud to officially confirm receipt and verification of Moon Express' launch contract," said Bob Weiss, vice chairman and president of XPRIZE. "Having multiple teams attempting actual missions to the moon is a hallmark of a genuine competition. Verified launch contracts are the 'bona fides' that teams need to demonstrate that they are in it to win it. Moon Express' accomplishment has brought XPRIZE closer to the moon."
"We applaud Google and XPRIZE for setting up such a visionary competition, and we've got our eyes on the prize," said Moon Express co-founder and CEO Bob Richards. "Our long-term goal is to unlock lunar resources for the benefit of humanity, and we are thrilled to have our contract in place with Rocket Lab allowing us to provide low-cost missions to the moon for science and commerce."
Moon Express is contracted with Rocket Lab USA, a Los Angeles based company founded in 2007, for three lunar missions using the MX-1E lunar lander on Rocket Lab's Electron rocket, from either New Zealand or the United States.
Moon Express Co-Founder and Chairman Naveen Jain added: "Moon Express is building disruptive technologies that will forever change the cost of access to space, including the asteroids and even the moons of Mars. We are now taking advantage of exponential technology like 3D printing and inexpensive sensors to collapse the capital needed to access the moon. Coupling these technological advancements with today's news about our Rocket Lab launch contract is a huge step forward for us in opening whole new markets for space exploration."
Moon Express is one of two?Google Lunar XPRIZE teams with verified launch contracts for 2017. The?remaining 14 teams have until December 31, 2016 for their launch arrangements to be verified by XPRIZE in order to proceed in the competition.
About Moon Express
Moon Express, Inc. (MoonEx) is a privately funded commercial space company blazing a trail to the Moon to unlock its mysteries and resources with robotic spacecraft products & services using exponential technologies. Driven by long-term goals of exploring and developing lunar resources for the benefit of humanity, the company has short-term business on-ramps of providing lunar transportation and data services for government and commercial customers. Moon Express has developed the "MX"-family of flexible, scalable spacecraft/landers capable of reaching the lunar surface from Earth orbit on direct or low-energy trajectories, as well as others serving near Earth markets in space robotics. The company is partnered with NASA in its Lunar CATALYST Program. The Moon Express founders, Dr.?Robert (Bob) Richards, Naveen Jain, and Dr.?Barney Pell, believe in the long term economic potential of the moon to produce resources essential to humanity's future on Earth and in space. For more information about Moon Express, visit:? www.moonexpress.com ?or @MoonEx.
About the Google Lunar XPRIZE
The $30M Google Lunar XPRIZE is an unprecedented competition to challenge and inspire engineers and entrepreneurs from around the world to develop low-cost methods of robotic space exploration. To win the Google Lunar XPRIZE, a privately funded team must successfully place a robot on the moon's surface that explores at least 500 meters and transmits high-definition video and images back to Earth, before the mission deadline of December 31, 2017. The first team that successfully completes this mission will be awarded the $20M dollar Grand Prize and the second team to successfully complete the mission will be awarded $5M, with Bonus Prizes available for further technical and scientific achievements, such as surviving the lunar night or visiting an Apollo landing site. To win either of these prizes, teams must prove that 90% of their mission costs were funded by private sources. For more information, visit http://lunar.xprize.org/ or @GLXP.
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Eric Desatnik, 310-741-4880
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PUB: 12/08/2015 09:05 AM/DISC: 12/08/2015 09:05 AM