Mojave CA, November 23, 2015

XCOR Aerospace announced earlier today that two of its original founders, Chief Technology Officer Jeff Greason and Chief Engineer Dan DeLong, are stepping back from their current positions. With the first Lynx closer to completion, both want to turn their attention to pursue other interests.

CEO Jay Gibson: ‘Both Jeff and Dan are true pioneers in our business. It’s their vision and their perseverance that helped us getting to where we stand now. We owe both men a lot of gratitude for all the time, energy and groundbreaking ideas they have been contributing to our company and the industry and of course we look forward to possibly working together in the future. Lynx is now in the good hands of XCOR’s highly capable and talented Technical, Engineering and program teams. 2016 will be an exciting year in which we’re about to reach some truly significant milestones. Lynx will be the world’s first Instantly Reusable Launch Vehicle (I- RLV) and over 350 clients are as eager as we are to undertake the first trip into space. Next to that we will keep investing in our own facilities in both Mojave and Midland, where Lynx’s orbital successor will be one of the strategic focus points.’