Full Press Release Details
SPACEHAB ANNOUNCES RECEIPT OF NASDAQ STAFF DEFICIENCY
Houston, Texas, December 2, 2005 SPACEHAB,
Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, announced today that the Company s common stock has closed for more than 30 consecutive trading days below the minimum $1.00 per share requirement for continued
inclusion on the Nasdaq National Market under Marketplace Rule 4450(a)(5).
In accordance with Nasdaq rules, the Company has been afforded 180 calendar days, or until May 30, 2006, to regain compliance with the minimum bid price requirements. If at anytime before May 30, 2006 the bid price of the
Company s common stock closes at $1.00 per share or more for a minimum of 10 consecutive trading days, Nasdaq will provide written notification that the Company complies with Marketplace Rule 4450(a)(5).
About SPACEHAB, Incorporated
SPACEHAB, Incorporated (www.spacehab.com) is a leading provider of commercial and
government space services with three primary business units. The Flight Services business unit develops, owns, and operates habitat and laboratory modules and cargo carriers aboard NASA s Space Shuttles for Space Station resupply and research
purposes. SPACEHAB s Astrotech subsidiary provides payload processing support services for both commercial and government customers at company-owned facilities in Florida and California. The Company s Government Services business unit
supports NASA s Johnson Space Center providing configuration management, product engineering, and support services for both the Space Station and Space Shuttle programs. Additionally, through The Space Store, Space Media provides space
merchandise to the public and space enthusiasts worldwide (www.thespacestore.com).
The statements in this document may contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements
are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, continued government support and funding for key space
programs, product performance and market acceptance of products and services, as well as other risk factors and business considerations described in the company s Securities & Exchange Commission filings including the annual report on
Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. The Company assumes no obligation to update these forward-looking statements.
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