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EARTHRISE SPACE INC. SIGNS $1.6M CONTRACT WITH FELLOW GLXP TEAM ANGELICVM TO LAND ROVER ON MOON

ORLANDO, FLA. (Oct. 12, 2012) – Earthrise Space Inc. announced today a $1.6 million agreement with fellow Google Lunar X PRIZE (GLXP) team Angelicvm to help deliver a 1 kilogram version of Angelicvm’s rover to the surface of the Moon.

Angelicvm’s “Dandelion” rover will “piggyback” alongside the Omega Envoy rover “Sagan” as it journeys to the Moon following a launch currently targeted for late 2014.  This newly-forged alliance will provide both teams with a competitive edge that will greatly increase the chances that the duo will be able to accomplish the objectives set forth under the guidelines of the GLXP.

The Google Lunar X PRIZE is designed to ignite a new era of lunar exploration by offering the largest international incentive prize of all time. A total of $30 million in prizes are available to the first privately funded teams to safely land a robot on the surface of the Moon, have that robot travel 500 meters over the lunar surface, and send video, images and data back to the Earth. Teams must be at least 90 percent privately funded.

“We are extremely pleased to have a fellow GLXP team become part of such an extraordinary mission,” said Earthrise Space Inc.’s President and Founder Ruben D. Nunez. “The intention of the competition is to reinforce the initiation of several NewSpace industries and to target lunar exploration.”

While this contract will allow both teams to reach the lunar surface at the same time, the agreement stipulates that Omega Envoy’s Sagan rover will get a “head start” in completing the requirements to win the GLXP. Both Omega Envoy’s Sagan rover and Angelicvm’s Dandelion rover will be attached to the lander that will carry them to the Moon. Sagan will get the first crack at roving the Moon’s dusty plains, then after a few days Angelicvm will be deployed.

There are a number of primary and secondary objectives contained with the GLXP and by pooling resources both team’s chances of accomplishing most, if not all of them, substantially improves.

“Team Angelicvm is confident in the capabilities of Earthrise Space, Inc. and believes it is making the right decision in the right direction,” said Angelicvm’s Team Leader, Gerardo Rocha, “Angelicvm wants to remain within the private aerospace industry for the long term and therefore is stepping in with a sense of respect and admiration for what the U.S. has achieved under government research and now under private initiatives that are being encouraged by its space agency.”

About Angelicvm:

Angelicvm Investments was founded in 1998 as part of a growth strategy for the Private Saint Thomas University (UST) one of the largest private educational groups in Chile. Angelicvm later became one of the 26 teams that were accepted to compete for the Google Lunar X Prize competition to reach the Moon by the year 2015. Their rover, Dandelion, is a bio-inspired design that is one of many of the company’s efforts. These initiatives incorporate Angelicvm’s drive to spread a message of peace, faith and hope.

For more information, please visit: http://www.teamangelicvm.cl/

About Earthrise Space, Inc.

Earthrise Space, Inc. (ESI) is a Florida-based 501(c)3, non-profit corporation dedicated to developing space technology in collaboration with industry and academic institutions. ESI's Omega Envoy Project is creating a key set of lunar spacecraft infrastructure which will fulfill the requirements of the Google Lunar X PRIZE and provide a platform for the delivery of commercial payloads to the lunar surface. All ESI efforts involve significant numbers of students and young professionals through paid internships, providing them with hands-on experience building real spacecraft, and preparing them for future employment in the entrepreneurial space industry.

For more information, please visit: www.omegaenvoy.org

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