Midland TX, March 30, 2016

The board of directors at XCOR Aerospace is seeing new additions, and with immediate effect the board welcomes 3 new members: Charles Thomas (Tom) Burbage, Michael Gass and Arthur Bozlee. Former board members Jeff Greason, Stephen Fleming and Michiel Mol gave up their board seats to allow for these new members. Michiel Mol, XCOR’s biggest shareholder, will remain actively involved in the company’s daily operations.

All new members have prominent previous experience in the air and space industry. Tom Burbage spent the recent years at Lockheed Martin as one of the company’s Senior Executives with a track record in managing the F-22 program and, until recently, as General Manager for the F-35 Joint Strike Fighter Program. Michael Gass was former President and CEO of United Launch Alliance (ULA), a joint venture between Lockheed Martin Space Systems and Boeing Defense, Space & Security. ULA was formed in December 2006 by combining R&D capabilities of both companies, providing new spacecraft launch services to the government of the United States, amongst which both the Department of Defense, NASA, as well as other organizations. Art Bozlee is a well respected specialist in spaceflight, aviation and the impact of technology on society and culture. After many years in large engineering companies he now concentrates on private efforts to put humans in space with private companies.

John H. (Jay) Gibson II, CEO of XCOR Aerospace, underlines the importance of having these new members at XCOR Aerospace, as their insights and experience in the air and space technology industry are crucial for the pioneering sector of reusable rocket-engines and are certain of adding valuable contributions. “The appointment of these diverse and experienced industry leaders to our Board clearly reflects the transformation XCOR is currently undergoing.

With the Lynx i-RLV (Instantly Reusable Launch Vehicle) project coming closer to completion, XCOR is turning from a company of inventors into a well organized aerospace manufacturer with a clear ambition; making space accessible for everyone. The competences and experiences of Tom, Michael and Arthur will play a key part in enhancing XCOR’s future development”, says Gibson.

XCOR’s Advisory Board also welcomes a new member: Michael Lòpez-Alégria. Michael Lòpez-Alégria is a four time veteran astronaut with an extraordinary record of spending over 167 hours in space (In fact, Lòpez-Alégria’s Extra Vehicular Activities, or ‘space walks’, are only exceeded by one other astronaut). The Board is still chaired by Lieut Gen ret. Ben Droste, former commander of the Royal Netherlands Air Force, whose track record and background illustrates the international reach and ambition of XCOR. Ben was co-founder of Space Expedition Corporation (SXC) that was acquired by, and integrated in XCOR in 2014.