NanoRacks, Space Angels Team Up to Identify Realistic Business Plans

WEBSTER, Texas, August 19, 2015 (NanoRacks/SAN PR) –NanoRacks and Space Angels Network have joined forces to support and invest in STEM education and early stage-space companies by fully using the DreamUp Approved system (www.dreamup.org) of certifying those ventures whose space-based plans are deemed realistic.

DreamUp, powered by NanoRacks, supports student project teams flying science experiments to the International Space Station (ISS) and beyond. Resulting from a partnership first conceived at the CASIS ISS R&D Conference, the goal of DreamUp is to help entrepreneurs integrate into the commercial space community by delivering their projects via NanoRacks to the U.S. National Laboratory onboard the ISS and for space-based projects in general.

Jeffrey Manber, Chief Executive Officer of NanoRacks said, “With the growing interest in space projects today, we saw a need to assure would-be investors that a project’s space-based plans are realistic. DreamUp Approved is that seal of approval for startups. Adds Manber, “We were delighted when Space Angels Network suggested we work together. Space Angels Network is the premier funding organization for space startups and can best identify the commercial viability of the initiatives we are supporting. We expect SAN will be instrumental in getting these new technologies into space.”

Amir Blachman, Managing Director of Space Angels Network, said, “NanoRacks has demonstrated a unique flexibility in their service to big aerospace, startups, private commercial endeavors, and academic customers. We are excited about this partnership because it offers an opportunity to give back to the space community and support STEM education, while providing our investors an even broader pipeline of new technologies to invest in. For Space Angels Network, an early investor in NanoRacks, this provides an opportunity to increase the value of our portfolio while also offering another R&D resource to new startups we invest in.”

About Space Angels Network

Space Angels Network is a global network of early-stage investors, offering insider access to the emerging private space industry and sophisticated investment opportunities across diverse market segments, with the expertise and network connections to cultivate stellar returns on investment. Space Angels Network is the leading source of capital for space startups with over 25 space startups funded to-date.

About NanoRacks

NanoRacks LLC was formed in 2009 to provide commercial hardware and services for the U.S. National Laboratory onboard the International Space Station via a Space Act Agreement with NASA. NanoRacks’ main office is in Houston, Texas, right alongside the NASA Johnson Space Center. The Business Development office is in Washington, DC., and NanoRacks’ now has a new office in Silicon Valley, California. The Company has grown into the Operating System for Space Utilization by having the tools, the hardware and the services to allow other companies, organizations and governments to realize their own space plans. DreamUp Approved™ is trademarked by NanoRacks.

To date over 250 payloads have been deployed by the Company on the International Space Station and our customer base includes the European Space Agency (ESA) the German Space Agency (DLR,) the American space agency (NASA,) US Government Agencies, Planet Labs, Urthecast, Space Florida, NCESSE, Virgin Galactic, pharmaceutical drug companies, and organizations in Vietnam, UK, Romania and Israel. Our customer base has propelled NanoRacks into a leadership position in understanding the emerging commercial market for low-earth orbit utilization.