Interorbital technicians have installed stabilization fins on the CPM TV-1, bringing it to flight-ready status. Three launches of the rocket are scheduled, under an FAA Class 3 Rocket Waiver. The first test launch will be fin-stabilized. The remaining launches will be guided. These low-altitude test launches of the 30-ft long (9.1m) CPM TV-1 will verify the performance of the vehicle's rocket engines, guidance system, steering system, avionics, and recovery system in flight. The CPM TV-1 will carry academic payloads from the Naval Postgraduate School and Morehead State University (Kentucky). Upon the successful completion of a series of static rocket engine tests, the IOS team will launch the rocket. The first launch of the Neptune 45, with a full payload of microsats, is scheduled for the second quarter of 2011, and includes microsats from 4 GLXP teams: Euroluna, Stellar, Parttime Scientist (Fluid&Reason) and Synergy Moon! Interorbital Systems