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Canadian Arrow Partners With Leading American Entrepreneur to Launch First Commercial Passengers to Space

Posted on: Monday, 16 May 2005, 12:00 CDT

CHICAGO and LONDON, Ontario, May 16 /PRNewswire/ -- Two companies at the forefront of the 'race to space' have announced they are joining forces to complete and fly a spacecraft capable of carrying passengers into suborbital space. Canadian Arrow has announced that it is partnering with an American businessman, Dr. Chirinjeev Kathuria, to form a new Canadian corporation called PLANETSPACE. The goal of the company is to make space flight available to the public.

Canadian Arrow, a Canadian company originally formed to compete for the $10 million Ansari X PRIZE, has continued its progress toward building a spacecraft that will take passengers into sub-orbital flight.

Dr. Chirinjeev Kathuria, M.D., M.B.A., has had measurable success in building innovative technology and healthcare businesses. He was a founding director of MirCorp, the company that made history on April 4th, 2000 when it launched the world's first privately funded manned space program and signed up Dennis Tito as the world's first "citizen explorer."

Canadian Arrow President Geoff Sheerin and Dr. Chirinjeev Kathuria, along with the test pilot astronauts who will fly Canadian Arrow on its first manned missions will be holding a news conference on May 18th at 11:00am at the University of Chicago International house 1414 east 59th St, to announce details of the company's plans along with the unveiling of the Canadian Arrow rocket with its new PLANETSPACE identity.

Contact Lori Sheerin at Canadian Arrow with any questions: lori@canadianarrow.com .

Canadian Arrow

CONTACT: PLANETSPACE, +1-519-659-5852, or Lori Sheerin of CanadianArrow, lori@canadianarrow.com

Source: PRNewswire

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